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Bitcoin News
Bitcoinsensus
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Metaplanet Acquired ~108 Bitcoins at 1M YEN, Again
- Metaplanet has purchased an additional 108,786 Bitcoins worth 1M YEN.
- Metaplanet currently owns about $40.6M worth of Bitcoin.
- This ongoing purchase strategy follows Japanese stock market fluctuations and political uncertainty.
- Metaplanet's Bitcoin buying activity continues to grow amidst favorable initiatives regarding crypto regulation in Japan.
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Bitcoinist
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UAE Removes VAT On Cryptocurrency Transfers And Conversions
- The UAE has announced a massive tax exemption for cryptocurrency transactions, removing the Value Added Tax (VAT) on exchanges and conversions starting November 15, 2024.
- This move aims to attract individual investors and institutional players seeking tax-friendly environments, positioning the UAE as a crypto-friendly jurisdiction.
- The tax exemption is retroactive, allowing individuals and businesses to claim refunds on VAT paid on cryptocurrency transactions since January 1, 2018.
- The exemption extends to investment fund management and virtual asset ownership transfers, boosting the UAE's digital economy and setting a precedent in the region.
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Tech Story
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WazirX Hit by $235M Crypto Hack: What Government Probes Reveal
- WazirX, one of India's largest cryptocurrency platforms, was targeted by hackers who stole $235 million worth of tokens.
- Authorities including the FIU, IB, and CERT-In are investigating the hack, with WazirX cooperating and providing necessary information.
- The hack has raised concerns about the security of cryptocurrencies and prompted discussions with government agencies.
- WazirX is working on a business restructuring plan and seeking potential solutions to recover from the hack.
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26 Likes
Crypto-News-Flash
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Bitcoin Creator News: 36% Believe Len Sassaman Is Satoshi Nakamoto Ahead of HBO Documentary
- Len Sassaman has emerged as the frontrunner to be revealed as the pseudonymous Satoshi Nakamoto in an upcoming HBO documentary on the Bitcoin creator.
- Some believe Len Sassaman, a deceased cypherpunk and renowned cryptographer, could possibly be Satoshi Nakamoto due to his cryptography expertise and factors pointing to his capacity to create Bitcoin.
- 38% of users on the crypto betting platform Polymarket have bet on Len Sassaman as the most likely candidate to be Satoshi Nakamoto, surpassing other candidates like Adam Back and Hal Finney.
- The speculation around Len Sassaman's potential as Satoshi Nakamoto has led to a surge in meme coins inspired by him, including LEN and SASHA, with millions of dollars in trading volume and market capitalization.
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Bitcoinsensus
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USDT Documentary: Tether’s Anniversary & Role Against Inflation
- The upcoming USDT documentary explores Tether's role in combating inflation in economies like Turkey, Brazil, and Argentina.
- Real user testimonials illustrate how USDT is used similarly to the US dollar in daily transactions.
- Tether celebrates its 10th anniversary as the largest stablecoin, with a market cap of $120 billion.
- USDT is portrayed as a lifeline for millions, fighting inflation and fueling financial freedom worldwide.
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25 Likes
Coinjournal
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225
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National Bank of Bahrain launches a Bitcoin investment fund
- The National Bank of Bahrain launches the GCC’s first Bitcoin investment fund.
- The fund offers accredited investors exposure to Bitcoin as a capital-protecting option.
- Bahrain ranks fifth globally in Bitcoin holdings, emphasizing its crypto-friendly stance.
- The launch of this fund is a significant boost for BTC adoption in Bahrain.
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13 Likes
Bitcoinsensus
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Russia Crypto Crackdown: 90+ Arrests in Major Raid
- Russian authorities raided 14 locations, targeting illegal crypto exchanges in a sweeping operation
- Over 90 arrests made, signaling a strong stance on illegal crypto activities
- The crackdown could reshape the Russia crypto landscape, with potential ties to money laundering
- Massive operation by Russian police demonstrates commitment to fighting illicit activities in the sector
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Bitcoinsensus
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Vitalik Buterin Helps Tornado Cash Defense Fund With 100 ETH
- Vitalik Buterin has donated 100 ETH to support Roman Storm's legal defense in the Tornado Cash case.
- The defense fund has raised over $800,000 to fight charges related to Tornado Cash's alleged role in money laundering.
- The trial, starting in December, could shape the future of crypto privacy tools and developers' rights globally.
- The donation from Vitalik Buterin is seen as a strong signal of support from the crypto community.
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Bitcoinsensus
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Chinese Investors Return to the Stock Market, Turning Away Cryptocurrencies
- Chinese investors are turning away from cryptocurrencies and showing increased interest in the Chinese stock market, particularly following the government's economic stimulus and promise of interest rate cuts.
- The recent rise in Chinese stocks has attracted investors who are prioritizing equities over digital assets such as cryptocurrencies.
- Some investors are selling off stablecoins like USDT to enter the Chinese stock market.
- Although cryptocurrency investments are banned in China, investor interest in digital assets remains high through over-the-counter brokers.
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22 Likes
Altcoinbuzz
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Sui Runs SCION, the Future Internet Architecture
- Sui has become the first Layer-1 project to run SCION improving Sui’s security and resilience.
- SCION stands for Scalability, Control, and Isolation On Next-Generation Networks.
- SCION has solutions for current Internet issues and optimizes network latency, reliability, and security.
- SCION reorganizes the ASes into ISDs or isolation domains and offers the most optimized and fastest route.
- Sui is integrating SCION to protect its validators from various attacks and allow them to communicate during an attack.
- SCION protects Sui validators against many attacks like DDOS or rerouting that could cause significant downtime for networks.
- Sui nodes can keep working as long as either SCION or the Internet is working, preventing network downtime.
- SCION improves routing in today’s Internet to make packet data routing more efficient, benefiting Sui validators and their nodes.
- This integration of SCION on Sui's layer 1 chain will redefine the Internet.
- Disclaimer: The information discussed by Altcoin Buzz is not financial advice.
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Bitcoinsensus
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Football and Crypto: Record Sponsorships in 2024/25
- Premier League clubs earned a record £129.7M from crypto sponsorships in 2024/25
- Crypto sponsorships are filling the gap left by reduced gambling deals
- Formula 1 also sees strong crypto investments, showcasing long-term partnerships
- The crypto world in the Premier League is thriving, with teams earning a record £129.7 million in sponsorships. This surge in crypto sponsorships is a result of reduced gambling deals. Formula 1 is also embracing crypto with long-term partnerships.
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24 Likes
Altcoinbuzz
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EigenLayer Assures No Protocol Risk After $5.7M Hack
- EigenLayer has assured the community that the recent $5.7 million hack did not expose any weaknesses in its system or the protocol itself.
- The hack was an isolated incident and involved the compromise of an email thread related to an investor's token transfer.
- The stolen funds have been frozen, and EigenLayer is working with law enforcement to recover more if possible.
- The team is actively investigating the situation and will provide updates as they learn more about the hack.
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7 Likes
Arstechnica
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Neighbors sue over loud Bitcoin mine
- Neighbors in Granbury, Texas have filed a lawsuit alleging that the noise from a Bitcoin mine operated by Marathon Digital is causing them stress, loss of sleep, and other health issues.
- The lawsuit seeks a permanent injunction to stop operation of the facility unless it can operate without producing disruptive noise.
- The Marathon Digital facility is located alongside a gas-fired power plant called Wolf Hollow II, and residents have voiced concerns about the proposed expansion of the natural gas facility.
- Residents are organized under the name Citizens Concerned About Wolf Hollow, and they are being represented by the environmental law group Earthjustice.
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Bitcoinsensus
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UAE Exempts Cryptocurrency Transactions from VAT
- The United Arab Emirates exempts cryptocurrency transactions and conversions from Value Added Tax (VAT) starting November 15, 2024.
- This exemption is part of the UAE's proactive stance towards the crypto industry, making it a key player in the crypto world.
- The revision of tax regulations simplifies the process for individuals and the corporate sector, abolishing the previous VAT of 5%.
- With over $30 billion in cryptocurrency inflows, the UAE ranks among the top 40 countries and becomes the third-largest crypto economy in the MENA region.
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Coinjournal
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Japan’s Metaplanet buys $7M Bitcoin, now holds to $40.5M BTC
- Japan-based investment firm Metaplanet has acquired an additional $7 million worth of Bitcoin, increasing its holdings to a total of $40.5 million.
- Metaplanet has been aggressively purchasing Bitcoin since May 2024 and has invested 6 billion Japanese yen in the cryptocurrency.
- The company's stock price surged by 11% following the recent Bitcoin acquisition and has gained 544% year-to-date.
- In addition to direct purchases, Metaplanet is using options trading to increase its reserves, generating additional revenue of 23.97 BTC.
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