EU Adopts DAC8 for Crypto Tax Reporting in Major Regulatory Move | Curated CoinCodeCap #18 October 2023
Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
EU Adopts DAC8 for Crypto Tax Reporting in Major Regulatory Move
Under DAC8, crypto service providers will be obligated to report transactions involving European Union clients to the tax authorities of EU member states
The DAC8, or the Eighth Directive on Administrative Cooperation, was initially presented to the EU on December 8, 2022 Keep Reading »
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Coinbase Intensifies Actions Against Crypto Ties to Hamas
Berenberg Capital Markets report attributes Coinbase’s cautious stance to regulatory actions and the impact of the Israel-Hamas conflict.
Israeli authorities have been seizing digital assets associated with Hamas since the conflict’s outbreak last week. Keep Reading »
Fidelity’s $4.5T Bitcoin ETF Proposal Spurs SEC Clash
Resubmitting its application to the U.S. Securities and Exchange Commission (SEC) for its Bitcoin spot ETF, “Wise Origin Bitcoin Trust,” is Fidelity Investments.
The revised proposal seeks to ease the worries expressed by the regulator in its initial denial of the Bitcoin ETF update. Keep Reading »
Fantom Wallets Hacked For Crypto worth $550,000
Fantom Foundation Wallets Suffer Exploitative Hack for 550K
Stolen Funds Aggregated in Single Address, Tallying Approximately $7 Million Keep Reading »
Platypus Recovers 90% of Exploit Funds, Opts Against Legal Action
Platypus Finance recovers 90% of stolen assets in a recent security breach.
The breach, comprising three flash loan attacks on the Avalanche blockchain automated market maker, incurred a loss of $2.23 million. Keep Reading »
South Korean Regulator Maps Out Strategy for Strengthening Digital Asset Regulations
Reports from the local community state that the FSS of South Korea is working on laws to add to the Virtual Asset Users Protection Act completed earlier this year.
Before the law’s enactment, the FSS head stated that new regulations must be available by January. Keep Reading »
FCA Calls for Limitations on Binance UK Advertising Approvals
FCA Places Restrictions on Rebuilding Society’s Crypto Promotion Approvals in Partnership with Binance
Rebuilding Society must withdraw prior approvals for financial promotions to unauthorized entities by Wednesday. Keep Reading »
Tax Season incoming? Don’t worry we got you covered! 😃
10 Best FREE Crypto Tax Software in 2023
Whether you’re a beginner in crypto trading or have been in the space for a while, you’ll need to pay taxes. As regulations are kicking in, you must calculate crypto taxes correctly. Crypto tax software allows you to calculate profit and loss from your crypto trading and take deductions on expenses. Therefore, this article lists some best crypto tax software, their top features, and some key statistics. Keep Reading »
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable. Keep Reading »
Market Updates
Shiba Inu Price Analysis: Can SHIB Break Out of Its Consolidation?
Shiba Inu (SHIB) is one of the most popular meme coins in the crypto market, with a loyal fan base and a vibrant community. The coin was created in August 2020 as a joke and a tribute to the Shiba Inu dog breed, but it quickly gained traction and value thanks to the endorsement of celebrities like Elon Musk and Vitalik Buterin. Keep Reading »
Bitcoin Market Analysis and Notable Events
Bitcoin is the first decentralized cryptocurrency. It is a digital asset that records, signs, and sends transactions through the Bitcoin blockchain using public key cryptography, all without any central authority oversight. Keep Reading »
Analyzing the Price Trends of Polygon’s (MATIC)
Polygon is an Interoperability and Scalability Framework for Building Ethereum-compatible Blockchains. Formerly known as the Matic Network, it is centered around the ‘MATIC token’, which is used for governance and staking, as well as gas fees. Polygon is a Layer-2 solution designed to help scale and enhance the functionality of the Ethereum network. It is a decentralized protocol that enables anyone to create and trade value, utilizing zero-knowledge technology. Polygon offers a modular and flexible framework that offers solutions and supports the development of a wide range of applications. Keep Reading »
Stellar (XLM): Navigating Market Volatility, Examining Strategic Collaborations, and Projecting Growth Trajectory in the Cryptocurrency Space”
Stellar (XLM) is a peer-to-peer decentralized network created in 2014 by The Stellar Development Foundation or Stellar
Established in 2015, the Stellar network has a unique mission: to connect the world’s financial systems and establish a universal payment protocol for financial institutions and payment providers. This innovative platform is meticulously designed for the swift, reliable, and cost-effective movement of financial resources. Stellar serves as the crucial link, seamlessly connecting people, banks, and payment processors, enabling users to effortlessly create, send, and trade a variety of cryptocurrencies. Keep Reading »
Top 3 DeFi Crypto Tokens to Buy
DeFi, or decentralized finance, is a fast-growing sector of the cryptocurrency industry that aims to provide various financial services without intermediaries or centralized control. DeFi applications are built on smart contracts that run on blockchains, such as Ethereum, and offer users access to lending, borrowing, trading, investing, and more. Keep Reading »
Best 3 Meme Coins to Buy in 2023
Meme coins are cryptocurrencies that are inspired by internet memes, jokes, or pop culture references. They often have a loyal fan base and a strong community spirit. Some of them also offer utility and innovation beyond the memes.
Here are the best 3 meme coins to buy in 2023, based on their price performance, market potential, and future prospects. Keep Reading »
Top 5 Gaming Cryptos to Buy Now for Thrilling Returns
In the ever-evolving landscape of cryptocurrencies, gaming cryptos have emerged as a captivating investment avenue. These digital assets hold immense potential, as they combine the lucrative world of cryptocurrencies with the booming gaming industry.
If you’re looking to diversify your portfolio and capitalize on this exciting trend, here are the top 5 gaming cryptos to consider investing in right now. Keep Reading »
3 Main Reasons Why You Should Use An Automated Cryptocurrency Trading Bot
A crypto trading bot automatically executes orders without your manual intervention. With the trading process being fully automated, there is no need for constant monitoring of the cryptocurrency market. A trading bot will enter and exit the trades whenever certain circumstances and conditions are met. Furthermore, an automated bot works around the clock and helps you to earn profits even while you are asleep. Keep Reading »
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