‘Battle against inflation is almost won’ says IMF chief economist
The IMF says inflation should return to normal by the end of next year but warned of slowing growth and increasing economic inequality.
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South Korea Finalizes Cryptocurrency Income Tax of 20%
The South Korean government has announced a 20% tax rate for income generated from cryptocurrency trading.Following a Tax Development Review Committee meeting on July 22, the Ministry of Economy and Finance published its revised tax code detailing the new rules. In a section headed, “Taxation on Virtual Asset Transaction Income,” the ministry introduced the new rules…

Bitcoin targets $70K as stablecoin inflows and China stimulus boost rally
Bitcoin has surged past $65,000, boosted by China’s stimulus measures and stablecoin inflows.

World’s largest sovereign wealth fund grows indirect BTC exposure by 153%
Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, has positions in MicroStrategy, Square, Tesla, MARA Holdings, Riot Platforms and Coinbase.

Ukraine’s state security shuts down illegal crypto exchanges
Ukrainian authorities say the crypto exchanges were involved in money laundering and other illicit financial activities. 82 Total views 60 Total shares Security Service of Ukraine (SBU) has shut down several crypto exchanges reportedly involved in illegal financial transactions since the start of 2021.According to a statement by the SBU on Wednesday, the network of…

$400M gaming VC fund Bitkraft teams up with Delphi on blockchain gaming
The collaboration will seek investments in the gaming and blockchain industry. 1913 Total views 17 Total shares Gaming-focused venture capital fund Bitkraft Ventures has partnered with crypto industry research firm Delphi Digital in order to invest in related projects.The collaboration, announced on April 29, will allow Bitkraft to increase its focus on investments in firms…

Bitcoin ETFs see $28.6M inflows after 8-day outflow streak
Three spot Bitcoin ETF issuers saw an inflow on Sept. 9 — but it didn’t include BlackRock, which recorded a rare outflow on the day.

Hong Kong Cyberport Web3 network grows to 270 blockchain firms
Cyberport’s rapid growth includes over 270 Web3 enterprises and initiatives for real-world blockchain applications in Hong Kong.

Stablecoins present new dilemmas for regulators as mass adoption looms
Stablecoins present peculiar challenges to regulators. Although there is no single, agreed-upon definition of a stablecoin, the common denominator of the commonly used definitions is that stablecoins are designed to maintain a stable value in relation to a specified currency, asset or pool of such currencies/assets. They are contrasted with regular cryptocurrencies, which have no…