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, boosting its competitiveness. Go to Source
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Mark Cuban Warns Kamala Harris’ Unrealized Gains Tax Will Kill Stock Market
Billionaire Mark Cuban warned that taxing unrealized gains would “kill” the stock market but believes Vice President Kamala Harris would not prioritize this policy. While Harris supports parts of President Biden’s tax plan, Cuban emphasized it is not her final stance. He also raised concerns about the policy’s impact on early-stage companies struggling with cash … Read more
‘Killer use case’: Citi says trillions in assets could be tokenized by 2030
The bank predicts the private equity market to become the most “tokenized” asset class because it is more liquid and can be fractionalized. Go to Source Powered by WPeMatico
First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B
According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that SVB owned across the United States. Silicon Valley … Read more
Bitcoin.com, Danal Japan and ALLEX Partner up to Offer BCH Payment Services
We are pleased to announce that a business alliance has been concluded among the three companies in order to implement the payment services by BCH. Enhancement of Bitcoin Cash (BCH) payment service, which is used for payments at EC sites and restaurants, is cheaper than existing payment methods. It’s advantages are low fees, quick and … Read more
PR: Debut of USDD – A Stable Coin That Pays You Interest
USDD – The world’s first dollar-backed and interest-bearing stable coin, with interest payments every 24 hours, will be officially released on October 31st by 55 Global Markets. The USDD value is 100% supported by a US dollar reserve, funds are held in trust for the benefit of tokenholders by PrimeTrust as trustee, a third-party trust … Read more
SEC Suspends Trading of Three Companies With Ties to Cryptocurrency
The U.S. Securities and Exchange Commission (SEC) has suspended trading in the stocks of three companies with ties to cryptocurrency. One of the three is also planning an initial coin offering. The SEC says it is concerned about the nature of the companies’ business operations and the value of their assets. Also read: Japan’s DMM Bitcoin … Read more
