Starbucks NFT project Starbucks Odyssey released latest collection, The Siren Collection Stamp on NFT marketplace Nifty Gateway, with a total of 2,000 pieces, each priced at $100.
Starbucks Siren collection is currently sold out, with a floor price of $370, and an average selling price of $447.76. Secondary market volume reached $110,185.
On November 29th, according to CoinPost, the Japanese Financial Services Agency issued warning letters to five unregistered overseas cryptocurrency exchanges. These exchanges include KuCoin, bitcastle LLC, Bybit Fintech Limited, MEXC Global, and Bitget Limited.
On November 29th, stablecoin issuance protocol usdx.money completed a $45 million financing round, bringing the project's valuation to $275 million. NGC, BAI Capital, Generative Ventures, UOB Venture Management, and others participated in the funding, with some investors contributing through warrants. Existing supporters of the project include Dragonfly Capital and Jeneration Capital.
Russian President Vladimir Putin has signed a law regulating the taxation of digital currencies. According to the law, digital currencies are recognized as property. This also applies to currencies used for foreign trade payments within the experimental legal framework (EPR) in the field of digital innovation. Mining and sales of digital currencies are exempt from value-added tax. Operators of mining infrastructure must report to the tax authorities issuing cryptocurrencies for using their services. Failure to submit such information on time may result in a fine of 40,000 rubles. In terms of personal income tax, digital currencies obtained through mining will be classified as physical income (usually used when goods or services are paid for instead of currency). The value of the income currency will be determined based on market quotes. Such income will be subject to progressive taxation, taking into account tax deductions for mining costs. At the same time, the acquisition, sale or other circulation of digital currencies will be subject to two-stage personal income tax rates (13% for income up to 2.4 million rubles, and 15% for income exceeding this amount). They will be included in the same tax base as securities, bank deposits, and other sources of transaction income. As for corporate income tax, digital currency mining will be subject to the standard tax rate (25% from 2025 onwards).
after authorities imposed fines on two cryptocurrency exchanges for related violations, Taiwan, China has advanced new anti-money laundering (AML) regulations for cryptocurrency businesses. On November 27, the Financial Supervisory Commission (FSC) announced that the upcoming registration requirements for anti-money laundering for cryptocurrency exchanges would be postponed from the previous deadline of January 1, 2025 to November 30. According to previous notices, virtual asset service providers (VASPs) that have not registered with the government may face up to two years imprisonment or a maximum fine of NT$5 million (US$155,900).
newly revised "Anti-Money Laundering Law of the People's Republic of China" will come into effect on January 1, 2025. The Secretary of the Party Group and Procurator-General of the Supreme People's Procuratorate, Ying Yong, emphasized the need to strengthen cooperation to combat money laundering crimes, accurately grasp the provisions of the revised anti-money laundering law on improving the scope of upstream money laundering crimes, and implement the anti-money laundering law and the criminal law's provisions on "money laundering" in a comprehensive manner. Accurately apply the "Interpretation of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues Concerning the Application of Law in Handling Criminal Cases of Money Laundering," deepen the three-year action to combat and govern illegal money laundering crimes, punish money laundering and related crimes in accordance with the law, enhance the ability to combat money laundering crimes using new technologies, products, and businesses such as virtual currencies, and form a joint force to combat money laundering.
Hong Kong Monetary Authority (HKMA), Hong Kong's central bank, has launched a program to subsidize part of the cost of issuing tokenized bonds in order to encourage more tokenization in its capital markets.
Gitfo posted on X platform stating that the GFT token contract has been leaked and more GFT tokens have been issued, reminding the community to be aware of the serious security incident involving the GFT contract. Currently, investigations are ongoing and the severity of the situation is being understood, with necessary measures being taken. It is reported that Gitfo has requested all exchanges listing GFT to stop trading the token and is working to resolve the issue.
In an overwhelming job market, leaning into personal networks and connections are more important than ever. Emily Landon, CEO of The Crypto Recruiters, outlines what is happening in the crypto job market and how you can position yourself or your company in 2024.
1. The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs
Sportswear giant Adidas is collaborating with Ethereum NFT series Doodles to sell virtual gift packages that support buyers in purchasing exclusive physical clothing. Adidas and Doodles stated in a joint statement that these limited edition collectible packages will be available for purchase before August 16th, with two items in each package. The Adidas Originals x Doodles online store shows that the retail price for a single package is $4.99, while the price for 2 to 100 packages ranges from $8.49 to $374.99.Some joint sets include physical collectibles featuring Deysi, the digital mascot in Pharrell Williams and Coi Leray's new song "Not in the Store". These collectibles include Deysi sportswear and Superstar shoes, with each limited to 200 pieces.
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