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CoW Protocol initiates a proposal to adjust computing node rewards and seeks to increase budget support by 8 million COW

CoW Protocol launched a proposal to adjust the rewards for computing nodes on Snapshot. The proposal suggests reducing the quote reward for each order from 9 COW to 6 COW and introducing a 0.0006 ETH upper limit for each quote reward. In addition, given the relative increase in COW price compared to ETH, the proposal suggests increasing the performance reward upper limit for each settlement from 0.01 ETH to 0.012 ETH to incentivize computing nodes to optimize execution efficiency.

Hawaii may allow crypto companies to continue trading activities as unregulated businesses

According to Decrypt, the Hawaii state government has announced that cryptocurrency companies will no longer need a currency transfer license issued by Hawaii to conduct business within the state. These companies will be able to continue their trading activities as unregulated entities.However, these companies will be responsible for complying with any applicable federal licensing or registration requirements, including those established by the Financial Crimes Enforcement Network, the Securities and Exchange Commission, and the Financial Industry Regulatory Authority, as well as relevant federal regulatory requirements related to consumer protection, anti-money laundering measures, and other related requirements.

Super Bowl 58 may not have cryptocurrency ad space

According to CNN, the 58th Super Bowl may not have any cryptocurrency advertisements. Brands such as BMW, Budweiser, State Farm, Oreo, DoorDash, and Hellman's Mayonnaise are planning to advertise for the big game, focusing on food and cars rather than artificial intelligence and cryptocurrency. Paul Hardart, a marketing professor at New York University's Stern School of Business, said that "fun, humor, and entertainment" may be the theme of this year's Super Bowl ads, marking a "significant shift" away from AI and cryptocurrency companies.

Fetch.ai was bought back by a consortium of founders

According to a report from The Standard, Fetch.ai lost £16.7 million during the widespread cryptocurrency price crash from 2021 to 2022 and had to write down its assets by £231 million. Despite a price recovery for FET in 2023, the company was still sued by former contractors. Fetch.ai paid approximately $1 million (including interest) to the contractors who claimed they were owed 750,000 unpaid FET tokens as part of a transaction. The company was plagued by "financial difficulties" and was placed under administration by court order to save the business. Being placed under administration means that a third party unrelated to the company gains control and investigates the financial situation before proposing a way forward. For Fetch.ai, after formally filing for bankruptcy, administrators from ReSolve were appointed to oversee the process.

SIX launches benchmark index for cryptocurrency derivatives trading

According to Finance Feeds, the Swiss stock exchange SIX has launched the SIX Reference Cryptocurrency Index and the SIX Real-Time Cryptocurrency Index, which will serve as benchmarks for the AsiaNext cryptocurrency derivatives trading platform and global institutional investors. These indices focus on major cryptocurrencies such as BTC and ETH, aiming to provide a comprehensive market overview and performance indicators. In September 2023, SBI Digital Asset Holdings of Japan and AsiaNext, a joint venture between the Swiss stock exchange SIX, obtained the Recognized Market Operator (RMO) license from the Monetary Authority of Singapore (MAS). The new license allows AsiaNext to operate digital securities and fund secondary markets.

CoinDCX and WazirX Urge Crypto Tax Relief in India's 2024 Budget

The Indian government has imposed heavy taxes and increased scrutiny on the crypto industry in the past two years, causing many people to hesitate or completely withdraw from trading and investing in crypto. The founders of top crypto exchanges CoinDCX and WazirX have expressed concerns about the almost shadow crypto ban in India and have called for a reduction in crypto taxes in the 2024 budget. They are urging a reduction in tax-deducted at source (TDS) from 1% to 0.01% and a decrease in the crypto tax rate to 30%, as well as the establishment of a self-regulatory body for the crypto and blockchain sectors. The decline in trading volumes on India's crypto exchanges in the last two years, combined with the worse bull market, has led crypto investors to demand a stable and trustworthy environment in which to thrive.

Argentinian government removes proposal to reduce crypto tax from bill submitted to Congress

Government led by Argentine President Javier Milei has decided to remove the proposal to legalize cryptocurrency in the bill submitted to Congress. The reason for the removal is that the cryptocurrency clause delayed the parliament's handling of the entire bill, so the government chose to withdraw this part and promote consensus issues.

North Exchange Group: Never conducted any form of cryptocurrency or virtual currency trading business

Beijing Property Rights Exchange issued a clarification statement today, stating that it has discovered that a certain overseas company, CBEX Group, is conducting virtual currency trading business under the name "CBEX". The Beijing Exchange has no business dealings, equity cooperation, or any other form of cooperative relationship with this overseas company CBEX Group, and has never conducted any form of encrypted currency, virtual currency, or other trading business, nor has it conducted any form of encrypted currency, virtual currency, or other trading business with other entities through shareholding or cooperation.

KiloEx: Vault quota will be increased by US$2 million at 10:00 tomorrow

KiloEx, a chain-based contract trading platform, announced on X platform that it will increase its Vault quota by $2 million at 10:00 am (UTC+8) tomorrow. KiloEx previously announced yesterday that it would increase its Vault quota by $2 million today. Today, the increase was announced without a specific time, and the $2 million quota increase reached its limit within seconds. KiloEx stated that the Vault product is high-risk and that user enthusiasm for the quota increase was not fully anticipated, so the quota will be increased again. Previously, Binance Labs announced that it had invested in four excellent MVB VI projects, including Ethereum scaling project AltLayer, perpetual contract DEX KiloEx, DeFi lending protocol Kinza, and AI game Sleepless AI.

Lookonchain: A trader bought $125,000 of WEN 13 hours ago and now has a floating profit of nearly $1.5 million.

According to Lookonchain monitoring, a trader named Jupiter Meme invested 125,000 USDC to buy 20 billion WEN coins when it opened for trading, and then sold 12.5 billion WEN coins for a price of 807,000 USDC, realizing a profit of 682,000 US dollars. Currently, the address holds 7.6 billion WEN coins, with an unrealized profit of 941,000 US dollars.