The Cointelegraph Press Review

Cointelegraph.com News

• Hong Kong launches CARF crypto tax consultation to combat evasion
  Hong Kong has launched a public consultation on adopting the OECD’s crypto account tax data sharing program, CARF, and revising its tax reporting standards. Hong Kong has launched a public consultation on how to implement the international Crypto-Asset Reporting Framework, or CARF, as it moves to bring crypto tax data sharing in line with global […]
• Japan plans tough new rules for crypto exchanges: What liability reserves actually mean
  Japan’s FSA is set to mandate liability reserves for crypto exchanges to boost consumer protection. The new rules are set to change the market. Japan is in the process of introducing significant changes to cryptocurrency regulation following renewed attention to Mt. Gox-related repayment activity in 2024.The Financial Services Agency (FSA) plans to introduce new rules […]
• Dogecoin ETFs lose their bite as Bitcoin, Ethereum big dogs lead the pack
  The total value traded for spot DOGE ETFs reached its lowest point since launch, signaling a fading of the early hype as liquidity and flows lag well behind those of major crypto ETFs. US spot Dogecoin exchange-traded funds (ETFs) are showing early signs of cooling demand, as total value traded (TVT) has fallen to its […]
• Bitcoin's ‘bear flag pattern’ targets $67K as BTC spot demand slumps
  The absence of new buyers and weakening ETF demand are factors likely to keep the Bitcoin price pinned below $93,000 as a bear flag targets $67,000. Bitcoin (BTC) price action has painted bearish continuation patterns on its daily chart, which may propel BTC to new lows, according to analysts.Key takeaways:A sharp decline in spot buying […]
• ‘Elite’ traders hunt dopamine-seeking retail on prediction markets: 10x Research
  Rising retail participation incentivizes data-driven, “elite” traders to use “information asymmetry” and spreads caused by casual investors seeking a quick buck, 10x said. Prediction markets are emerging as a new battleground in the crypto economy, where the best-informed traders are competing against casual retail bettors for profits.Most users are behaving more like sports bettors than […]
• Polygon deploys Madhugiri hard fork, aims for 33% throughput boost
  Polygon’s hard fork cuts consensus time to one second, supports Fusaka EIPs and lays the groundwork for stablecoin and RWA-focused scaling. Blockchain network Polygon rolled out its latest protocol upgrade, known as the Madhugiri hard fork, which aims to achieve a 33% increase in network throughput and reduce block consensus time to one second. Polygon core […]
• HashKey crypto exchange opens Hong Kong IPO subscription, targets $215M
  HashKey opens IPO subscriptions as it seeks to raise $214.7 million, valuing Hong Kong’s biggest crypto exchange at about $2.5 billion. HashKey Group, operator of one of Hong Kong’s licensed crypto exchanges, has opened subscriptions for its initial public offering (IPO) ahead of an expected listing next week.HashKey is seeking to raise up to 1.67 […]