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Almost nobody paid taxes for #crypto in 2022, Bloomberg reports.
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A Bitcoin whale, dormant for over 10 years, transferred 1,432.93 BTC worth $37.8 million to a new address on June 8th. This follows a series of similar transfers in recent months. The whales' convictions have not changed, and the bear market may be related to the selling of Bitcoin or personal custodial practices. #BinanceTournament #crypto2023 #BTC #Binance
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Cz Reacts To Redirection Claims Made By $12 Billion User Fund The latest false information and rumours concern: "#Binance is diverting user funds worth $12 billion to a company owned by Cz," reads the tweet. Cz has come up to refute these unfounded claims in an effort to inform users of the reality of Binance's business practises and ethical standards. He uttered; "This is flat-out untrue! Binance, to the best of my knowledge. The US has user funds totaling about $2 billion. As cryptocurrency prices fluctuate, this figure in USD equivalent changes a bit. likewise falling as users leave as a result of recent news. All user money has been tracked and has never left Binance. US platform, eternally (barring user withdrawal, of course). #BinanceTournament #crypto2023 #BTC
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Sberbank, Russia's largest bank, plans to launch crypto trading services, signaling a shift in its approach to digital assets. This strategic move aims to enhance access and market liquidity for Russian investors, while ensuring regulatory compliance. The impact on the Russian cryptocurrency landscape is significant. Sberbank's involvement in crypto trading services could significantly impact Russia's cryptocurrency landscape, promoting credibility and legitimacy in the digital asset space. This move could encourage other banks to explore similar offerings, driving mainstream adoption and integrating cryptocurrencies into everyday financial activities. #crypto2023 #BTC #Binance #dyor
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In the UK, the Financial Conduct Authority is enforcing stronger laws on cryptocurrency advertising that call for transparent risk disclosures and honest promotions. The FCA is worried about hasty rulings and possible jail time for those who violate these laws. Crypto companies will be able to authorize their own marketing as of October 8. $BTC $ETH $BNB
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Bitcoin is surging in value due to institutional investors, solidifying its position as a leading digital asset. It has shown resilience as a reliable store of value and a hedge against inflation. Major financial institutions are recognizing its potential, bringing credibility and stability to the market. Corporate adoption, regulatory developments, technological advancements, and its relevance in the global economy further contribute to its growth. In a climate of monetary stimulus and low-interest rates, Bitcoin's limited supply and potential for capital appreciation make it an attractive investment choice. Overall, Bitcoin's surge with institutional interest indicates its mainstream acceptance and promising future. #crypto2023 #BTC #Binance #dyor $BTC $ETH $BNB
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