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According to an October 25 report by Reuters, South Korean authorities are preparing to regulate cross-border digital asset transactions starting at the end of 2025.The Ministry of Finance announced that new regulations will require registration and reporting for South Korean companies involved in cross-border cryptocurrency transactions.Under this framework, South Korea-based companies that facilitate cross-border digital asset transactions will be required to pre-register with regulatory bodies and submit monthly transaction reports to the Bank of Korea. This requirement will allow South Korean authorities to closely monitor these transactions and prevent and address illegal activities related to cryptocurrencies.The proposed framework also aims…
Important points Microsoft shareholders to vote on Bitcoin proposal as Michael Saylor touts multi-trillion dollar opportunity. Microsoft board withdraws Bitcoin investment proposal, urges shareholders to vote against it Share this article MicroStrategy CEO Michael Saylor today directed Microsoft CEO Satya Nadella to post about He suggested that we should consider adding . Hey @SatyaNadellaif you want to make the next trillion dollars. $MSFT Shareholders, please call. pic.twitter.com/NPnVvL7Wmj — Michael Saylor ⚡️ (@saylor) October 25, 2024Saylor's comments follow an update from Microsoft SEC filingwhich outlines a shareholder proposal entitled “Evaluating an Investment in Bitcoin” that is scheduled to be voted on…
MicroStrategy (MSTR) stock has hit a 25-year high as Bitcoin looks set to climb towards the $70,000 level.Data from Google Finance shows that MicroStrategy's stock price has shown consistent upward momentum throughout the year, supported by its large Bitcoin holdings. At the time of writing, MSTR has soared 244% since the beginning of the year and 55% in the last month, reaching $235.89 as of market close on October 24th.MicroStrategy MSTR Price Performance (Source: Google Finance)This impressive stock performance is consistent with Bitcoin's recent rally. The top digital asset has risen 6% over the past month and is approaching the…
The SOL/ETH trading pair has surged 275% over the past year, with a recent weekly gain of 18%. Open interest in the Solana futures market increased significantly, reaching $3.28 billion, indicating bullish sentiment going forward. Solana (SOL) price recently hit a new all-time high with respect to Ethereum (ETH) due to a surge in network activity that has garnered renewed interest. This positive upward trend of Solana makes believers in this project optimistic about Solana’s ability to rival ETH. Moreover, they expect SOL to even claim the market capitalization currently held by Ethereum. Will Solana dethrone Ethereum as king of…
Paid content from Bazoom Group. The information in this article is not intended to be personal financial advice.Over the past decade, investing has expanded beyond real estate, gold, bonds, stocks, mutual funds, and more to include cryptocurrencies and pre-sale tokens. As stated by Alan Draper, investing in presale cryptocurrencies can be a good way to earn passive income due to their high growth potential. Bitcoin and altcoins are now on the list of standard investment options in the US and around the world. Since the launch of the first crypto Bitcoin in 2009, there are now thousands of assets including…
photograph: Jean-Luc Ichard (Getty Images)in this storyMicrosoft (MSFT+1.40%) will soon decide whether to invest in Bitcoin, but the board recommends voting against the proposal because the company is already considering a wide range of investable assets, including Bitcoin. I am doing it.McDonald's faces first lawsuit over Quarter Pounder E. coli outbreakOn December 10th, the tech giant's shareholders are scheduled to vote on whether Microsoft should publicly evaluate adding Bitcoin to its balance sheet. According to a filing with the U.S. Securities and Exchange Commission. The proposal, titled “Evaluating Bitcoin Investments,” was submitted by the National Center for Public Policy Research,…
As Ethereum continues to underperform against Bitcoin, ETH/BTC has fallen below a three-year low, with Michael van de Poppe highlighting a potential support zone. Ethereum's exchange rate against Bitcoin has experienced a significant decline, recently falling below 0.037 on October 25th, the lowest level since April 15th, 2021. data shows that the ETH/BTC rate has fallen by 30% since July 1st of this year, reflecting the significant underperformance of Ethereum compared to Bitcoin. Analysis reveals key support levels Michaël van de Poppe, CEO of MN Consultancy, observed this bearish trend in the ETH/BTC pair and called for Ethereum to capitulate.…
According to a statement on October 24, the Netherlands has launched a public consultation process to gather opinions on proposed regulations regarding the ownership and taxation of virtual currencies.Officials explain that the new proposal focuses on increasing transparency regarding cryptocurrency holdings to curb tax evasion. The plan would require cryptocurrency service providers such as exchanges to collect, verify, and report user data directly to tax authorities.These companies must also collect data from users located in other EU countries. The Dutch Tax Administration receives this information and exchanges it with other EU tax authorities under the DAC8 regulation.From October 24th to…
Making the most of the cryptocurrency market requires a combination of strategic planning, detailed analysis, and awareness. Some experienced traders have done their homework and identified Ethereum (ETH), Cutoshi (CUTO), and Dogwifat (WIF) as the top contenders for the biggest gains in the crypto market this cycle. ETH Price: The battle between bulls and bears After making a positive impression for several weeks, the ETH coin is currently experiencing a correction as the ETH price is losing most of its previous gains amidst the downturn. However, the relative strength index is balanced at a neutral 46.6, according to TradingView, and…
of bitcoin price Just 10 days before the US presidential election, it appears to have settled into a plateau. Analysts are now expecting next week's inflation and employment data to be the next big catalyst for BTC's price movement.Bitcoin has retreated a bit since testing the $70,000 level earlier this week, gaining 0.8% on the day and 0.5% for the week, and settling around $68,000, according to data from CoinGecko.“Bitcoin corrected slightly towards the end of the day after reaching a high of $68,850, but maintained a solid price level,” BRN analyst Valentin Fournier said in a note shared. I…