XT.com issued a statement acknowledging an “abnormal transfer of platform wallet assets,” but hasn’t yet confirmed the hack. Read More at https://cointelegraph.com/news/crypto-exchange-xt-com-withdrawal-halt-1-7-million-hack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Monthly Archives: November 2024
Ethereum L2s surpass record $51B TVL after 205% yearly growth
Layer 2s could be “cannibalistic” for Ether’s price potential, despite their scalability benefits, according to industry watchers. Read More at https://cointelegraph.com/news/ethereum-l2s-record-51-b-tvl-205-yearly-growth?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Hong Kong proposes tax breaks to attract crypto hedge funds, investors
Hong Kong’s move to exempt crypto gains from taxes targets hedge funds and family offices in a bid to boost its competitiveness. Read More at https://cointelegraph.com/news/hong-kong-crypto-tax-exemption-hedge-funds?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Russian gov’t approves new crypto taxation framework
The Russian Federation Council’s approval of the new crypto taxation regime comes amid Bitcoin hitting all-time highs against Russia’s national currency, the ruble. Read More at https://cointelegraph.com/news/russian-new-crypto-taxation-framework-state-duma?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
What is MemeFi, the viral tap-to-earn game on Telegram?
Learn how MemeFi combines gaming and memecoin fandom on Telegram, offering engaging battles, rewards and player-driven governance. Read More at https://cointelegraph.com/explained/what-is-memefi-the-viral-tap-to-earn-game-on-telegram?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin venture capital firm Axiom hires ex-UK minister
Former Minister John Baker takes an advisory role at Bitcoin-focused Axiom, with conditions to ensure fair governance. Read More at https://cointelegraph.com/news/uk-minister-bitcoin-vc-axiom-advisory-role?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto thrives in India despite ‘discouraging’ taxes — Local community
India’s crypto community has shown resilience to harsh taxation requirements, with its crypto ecosystem gaining momentum, although not at its full potential. Read More at https://cointelegraph.com/news/crypto-india-thrives-discouraging-taxes?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
OKX launches crypto trading platform and wallet in Belgium
OKX’s services in Belgium are offered through an EU-regulated entity as the exchange doesn’t have dedicated regulatory approval in the country. Read More at https://cointelegraph.com/news/okx-launches-crypto-services-belgium?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bought the dip? 3 signs that $90K Bitcoin price was the local bottom
The latest Bitcoin price pullback toward $90,000 was likely a buy-the-dip opportunity and in line with previous bull markets, several key market metrics suggest. Read More at https://cointelegraph.com/news/3-signs-90k-local-bottom-bitcoin-price?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Uniswap sees record monthly volume on L2 as DeFi demand flows back
Uniswap has hit record monthly volume across Ethereum L2s and one analyst says it’s an early sign of Ethereum ecosystem outperformance. Read More at https://cointelegraph.com/news/uniswap-notches-record-monthly-trading-volume-across-ethereum-l2s-defi-demand?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound