Wondering what’s been happening in crypto today? Here’s a roundup of the latest developments affecting Bitcoin, blockchain, DeFi, NFTs, Web3, and crypto regulation.
- ** South Korea’s Ruling Party Suggests Postponing Crypto Tax Until 2028**
South Korea’s ruling party, the People’s Power Party, has suggested delaying the crypto gains tax to 2028. This proposal aims to improve market sentiment and retain investors by creating a robust regulatory framework before implementing the tax. Originally planned for 2025, the delay underscores the need for a well-structured approach to crypto taxation. - Trump Still Set to Speak at Nashville Bitcoin Conference, Reports Say
Despite surviving an assassination attempt, former President Donald Trump will attend the Bitcoin Conference in Nashville. David Bailey, CEO of BTC Inc., confirmed that Trump is in good spirits and excited to speak at the event, which runs from July 25-27. - ** Bitcoin Rebounds, Boosting Hopes for KAS, MKR, AR, and NOT**
Bitcoin’s price has climbed back above $60,000, sparking optimism in the crypto market. The resurgence, fueled by geopolitical events and increased inflows into Bitcoin exchange-traded funds, has boosted sentiment and set the stage for potential rallies in altcoins like KAS, MKR, AR, and NOT. - Hong Kong Flags 7 Unregulated Crypto Exchanges for Noncompliance
The Hong Kong Securities and Futures Commission (SFC) has added seven crypto trading platforms to its alert list for operating without licenses. The exchanges, flagged for potential fraudulent activities, include Taurusemex, Yomaex, Bitones.org, BTEPRO, CEG, XTCQT, and Bstorest. - ** FHE and Confidential Computing Could Unlock $1 Trillion for Crypto**
Advancements in confidential computing technologies, such as fully homomorphic encryption (FHE), could unlock the next $1 trillion in crypto capital. These technologies are seen as crucial for institutional adoption, enabling more applications in the Web3 space that require confidentiality. - ** 136 Million XRP Transferred in Three Hours: What’s Behind the Move?**
Whale Alert reported significant XRP movements, with nearly 136 million coins transferred in just three hours. Most of these funds were withdrawn from Binance by anonymous wallets, totaling around $110 million. This activity coincided with a recovery in XRP’s price following a weekend dip.
Summary Review: Today’s news highlights significant developments in the cryptocurrency world, including regulatory updates, market movements, technological advancements, and major financial transactions. These events collectively shape the evolving landscape of digital assets, impacting both investor sentiment and the broader adoption of cryptocurrencies.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
