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Bitcoin Buying By Firms Like MicroStrategy Is An ‘Overlooked Megatrend,’ Bitwise Says Binance, WazirX among crypto firms evading taxes in India, says gov’t Mining Firms Halt Sales: A Strategic Shift in Four Major Cryptocurrencies Ras Al Khaimah Introduces New Free Zone To Attract Web3 Firms

Jan / 01
- Bitcoin Buying By Firms Like MicroStrategy Is An ‘Overlooked Megatrend,’ Bitwise Says
  
  Jan 01, 1970 at 08:00 am Inside Bitcoins
  
  Bitwise's CIO, Matt Hougan, anticipates significant growth in corporate Bitcoin adoption. Hougan highlights the trend of publicly traded companies acquiring Bitcoin as a treasury investment, with MicroStrategy leading the pack with 447,470 BTC. He predicts that within 12-18 months, numerous companies will join MicroStrategy in holding Bitcoin, driven by diminishing reputational risks and favorable accounting rules that allow for market value recognition. This corporate demand is expected to bolster the Bitcoin market.
- Binance, WazirX among crypto Firms evading taxes in India, says gov’t
  
  Jan 01, 1970 at 08:00 am Cointelegraph
  
  Indian authorities have uncovered significant unpaid GST taxes from major cryptocurrency exchanges, including Binance and WazirX, totaling approximately $97 million. The government has launched investigations into several crypto companies, recovering over $14 million in taxes, penalties, and interest. Binance has not yet settled with authorities regarding its massive unpaid GST tax penalty, while 17 crypto companies, including WazirX, CoinDCX, and CoinSwitch Kuber, have been identified as involved in GST evasion.
- Mining Firms Halt Sales: A Strategic Shift in Four Major Cryptocurrencies
  
  Jan 01, 1970 at 08:00 am TNYR
  
  Miners Retain Crypto Holdings Amidst Market Downturn According to Alphractal, a reputable crypto analysis firm, miners have ceased selling their holdi...
- Ras Al Khaimah Introduces New Free Zone To Attract Web3 Firms
  
  Jan 01, 1970 at 08:00 am TheNewsCrypto
  
  Ras Al Khaimah Digital Assets Oasis (RAK DAO), a free zone in the United Arab Emirates, seeks to promote the digital and virtual asset industry by providing a favorable regulatory climate for crypto businesses. This initiative aims to establish Ras Al Khaimah as a hub for innovative technology and attract crypto startups from around the world, aligning with the UAE's aggressive pursuit of crypto and blockchain companies.