LinkedIn’s crypto job postings drop 57% year-over-year in December 2023
According to a professional website, in December 2023, the posting volume of cryptocurrency positions on LinkedIn decreased by 57% compared to the previous year, which was lower than the 71% year-on-year decline in November. Daniel Adler, the founder of CryptocurrencyJobs.co, said that December was one of the best months for revenue in 2023 for recruitment websites that charge for job postings.
U.S. cryptocurrency-related stocks generally rose before the market opened, with Marathon Digital rising more than 3%
According to market data, cryptocurrency-related stocks rose across the board in pre-market trading in the US. Coinbase (COIN.O) and Riot Blockchain (RIOT.O) both rose nearly 2%, while Marathon Digital (MARA.O) rose over 3%. (Jin10)
Nigeria imposes strict rules on banks after lifting cryptocurrency ban
After Nigeria lifted the ban on cryptocurrency, strict regulations were imposed on banks. Cryptocurrency providers can open bank accounts, but cannot withdraw cash. Banks are still prohibited from holding or trading cryptocurrencies themselves.
An address spent 526 ETH to buy 803 million BLLB. Currently, some addresses have sold
According to Chain analyst @ai_9684xtpa, yesterday afternoon, address 0x39E...F70aA completed the first BLLB transaction through BananaGunBot. The buyer spent 526 ETH (purchasing cost of 99 ETH and a bribe of 427 ETH) to purchase 803 million BLLB at a cost of $0.00151 per token. Subsequently, the buyer distributed 7-9 million tokens to 100 addresses, with some already being sold. Due to the large number of addresses, the cost cannot be calculated easily. However, since the address did not sell immediately after going online (the earliest sale was around 6 pm), BLLB has fallen by 31% in the past 24 hours, and it is highly likely that the buyer will end up losing money.
Singapore Prime Minister warns public not to be fooled by deepfake video promoting cryptocurrency-related scams
On December 29th, according to the report by the Lianhe Zaobao, Singapore Prime Minister Lee Hsien Loong's interview with CGTN in March this year was tampered with, and someone used deepfake technology to create a fake video that circulated on the internet. Prime Minister Lee urged the public to be vigilant and not to be deceived.
Milei Brings His Chainsaw to Argentina's Regulatory State
If passed, the new libertarian president's omnibus bill of reforms could help Argentina reverse decades of government failure.
Immunefi: Cryptocurrency users lost $1.8 billion to hackers and scammers in 2023
According to the latest data compiled by Immunefi, cryptocurrency users lost a total of $1.8 billion in 2023 due to hacker attacks and scams.
Argentina’s new president proposes incentives for declaring cryptocurrency holdings to receive preferential tax rates in draft bill
A controversial draft law proposed by newly elected Argentine President Javier Milei allows for the declaration of domestic and foreign cryptocurrency holdings to win preferential tax rates for Argentineans and legalize the use of these assets in Argentina, regardless of their source or place of ownership. The asset regularization plan is part of a proposed wide-ranging economic and political reform. Milei praised Bitcoin during his campaign and was widely welcomed by the cryptocurrency market. Milei won the presidential election in November. However, his comprehensive bill faced strong opposition and controversy in the country shortly after its launch on Tuesday.
Japan Cabinet Approves Proposal to End Taxation of Unrealized Cryptocurrency Gains
The Japanese cabinet has approved a proposal by the ruling Liberal Democratic party to end taxation on unrealized cryptocurrency gains. This move is expected to benefit the development of the country's Web3 industry. The proposal, which still needs to be debated in parliament, would end corporate taxation on the difference between the market and book values of crypto assets issued by other companies. The tax has been a hindrance to Web3 businesses in Japan, causing some to move overseas. The government sees the development of the industry as a key part of economic reform and has been considering submissions from industry associations.
Japan’s cabinet meeting approved the tax reform outline for fiscal year 2024, and corporate crypto assets will not be subject to market value tax
On December 24th, the Japanese government approved the tax reform outline for the 2024 fiscal year at the cabinet meeting on the 22nd. The amendment includes the following changes: companies holding third-party issued cryptocurrency assets will not be subject to valuation-based taxes. Currently, Japanese companies' third-party issued cryptocurrency assets are recorded as profit and loss at the end of the fiscal year based on the difference between market value and book value. After the amendment, only profits from the sale of cryptocurrency will be taxed, which means the same tax system for individual investors will change. The bill will be submitted to the Diet in January next year and will require approval from both the House of Representatives and the House of Councillors.
