Denmark could introduce a 42% unrealized crypto capital gains starting in 2026, as recommended by the Tax Law Council.

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CryptoQuant CEO: Bitcoin could be used as currency in 2030

Bitcoin mining difficulty has surged 378% in the past three years, with institutional investment in large-scale mining operations driving it to unprecedented levels. This situation has led to unprecedented mining competition and raised the barriers to entry for individual miners.

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🚀 Tesla held onto its $184M in Bitcoin for the fifth straight quarter in Q3 2024, with no sales. Despite a dip in revenue, net income surged to $2.18B. On-chain data suggests Tesla still holds 11,509 BTC.

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Kraken plans to launch its own blockchain, Ink, in early 2025 for decentralized trading, borrowing, and lending.

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🗞 October 24, 2024 cryptocurrency news highlights

【Cryptocurrency】
Cryptocurrency trading platform Genius completes US$6 million in financing, led by CMCC Global

【Economy】
Russia is trying to effectively circumvent Western sanctions by using Bitcoin to trade within the BRICS countries 💵

Denmark could introduce a 42% unrealized crypto capital gains starting in 2026, as recommended by the Tax Law Council.

【Indicators】
The probability of the Federal Reserve cutting interest rates by 25BP in November is 93%


【More】
Three major mining companies in the United States invested $2 million to support Bitcoin Voter PAC to place more advertisements to affect the election results 🪙

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The Pennsylvania House of Representatives passed a bipartisan bill to provide regulatory clarity for digital assets 🪙

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An old wallet from 2011 just moved $10 million worth of Bitcoin! Hodled all the way from $16 to $67,000 😨

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Moonwalk, an encrypted fitness application, announced the completion of $3.4 million in financing. This round of financing was led by Hack VC, with Binance Labs, Reciprocal Ventures and Raj Gokal, co-founder of Solana 🔈

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🌎 Circle CEO: Stablecoins may account for 5%-10% of the global money supply in the next decade

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BTC broke through $68,500, and is now quoted at $68623.43, an increase of 3.06% in 24 hours 🔼

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💵 Solana network's single-day expense revenue continues to reach a new high of about $8.7 million

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Forbes reporter: It is wrong to say that 90% of the campaign funds of the crypto supporter John E Deaton campaign are funded by the encryption industry, but in fact it is 60% 💰

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The total on-chain market value of Bitcoin ETF in the United States has exceeded $70 billion 💸

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USDC Treasury minted 50 million USDCs on the Ethereum chain and transferred them to Coinbase ⛏️

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Top trader Eugene: Keep a "light position" before the end of the U.S. election in order to buy the dip

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Bitcoin's market share rose to 59.22%, setting a new high in this bull market

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Coinbase becomes Canadian Football League’s first cryptocurrency partner

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The Netherlands is seeking public feedback on a new bill that requires crypto service providers to report user data to tax authorities, aligning with EU regulations to improve transparency and prevent tax evasion.

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🇺🇸 Microsoft said they urge shareholders to vote against "Assessment of Investing in Bitcoin" because "Microsoft's management already carefully considers this topic." 🤔

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