Cryptocurrency

Metaplanet Partners with SBI VC Trade to Enhance Bitcoin Strategy

Monday. September 2 at 1:00 PM

1 min. read

Metaplanet announced a collaboration with SBI VC Trade on Sept. 2 to strengthen its Bitcoin strategy with support from Japanese firms. The partnership includes trading, custody, and management of Metaplanet's Bitcoins. As a publicly-traded company on the Tokyo Stock Exchange, the alliance with SBI's crypto arm aims to ensure compliance. This includes access to a compliant corporate custody service for tax efficiency and using Bitcoin as collateral for financing. The partnership aligns with Metaplanet's goal of becoming a leading financial services firm and enhances its corporate strategy to accumulate more BTC through equity and debt financing. Metaplanet's increasing focus on Bitcoin as a core treasury asset mirrors MicroStrategy's approach, with the company already acquiring 360 BTC. The collaboration with SBI VC Trade signifies a significant step in Metaplanet's journey towards expanding its Bitcoin holdings and financial services offerings.

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South Korea's Democratic Party Proposes 20% Tax on Crypto Gains

Wednesday. November 20 at 9:00 PM

South Korea's Democratic Party (KDP) is pushing for a 20% tax on profits from digital assets, scheduled to take effect in January 2025. The party aims to raise the taxable capital gains threshold from $1,800 to $36,000, targeting larger investors. This move contrasts with the People's Power Party (PPP), which suggests delaying the crypto tax until 2028. The KDP accuses the PPP of using the delay for political gain in upcoming elections. By increasing the threshold to $36,000, the KDP hopes to ease the tax burden on small traders and align crypto taxation with stock market practices. The fate of South Korea's crypto tax policy remains uncertain, pending negotiations between the KDP and PPP. The ongoing debate highlights the challenge of striking a balance between regulation and industry interests in the crypto sector.

Cryptocurrency

The Rise of Copy Trading in Canada

Wednesday. November 20 at 8:00 PM

Copy trading, a method where individuals mimic the trades of experienced investors, has been present in finance since 2005. Canadian interest in this strategy was low until 2018, but has since surged, surpassing levels seen during the 2021 crypto boom. Factors like global crypto market growth and user-friendly platforms have fueled this trend. Copy trading offers a way for both new and seasoned investors to benefit from crypto opportunities without extensive market knowledge. Platforms like BTCC have made copy trading more accessible, attracting Canadians. This surge in interest aligns with a broader trend in the trading world, with the copy trading industry projected to reach $3.77 billion by 2028. Despite concerns about market conditions, Canadian investors are increasingly adopting copy trading as a valuable tool in their trading arsenal.

Cryptocurrency

Unveiling Pentagon's UFO Report in Senate Hearing

Wednesday. November 20 at 10:00 AM

UFOs were a hot topic in Washington D.C. as the U.S. Senate delved into sightings and unexplained encounters. Led by Senator Kirsten Gillibrand, the hearing focused on the All-domain Anomaly Resolution Office (AARO) and its investigations into unidentified phenomena. Director Jon T. Kosloski shed light on cases like the 'Go Fast' UFO sighting, attributing some to optical illusions. While some sightings were debunked as Starlink flares or balloons, others remained mysterious. Kosloski shared a chilling account of a police officer witnessing a 'Prius'-sized, high-speed UFO. The hearing emphasized the need for transparency in UAP investigations, urging federal agencies to disclose information. Despite no groundbreaking discoveries, the Senate vowed to continue hearings and encourage witnesses to step forward for credible analysis and action. The quest for understanding anomalous phenomena in airspace remains a priority.

Cryptocurrency

MicroStrategy's MSTR Token Surges Amid Bitcoin Investments

Wednesday. November 20 at 5:30 AM

MicroStrategy's MSTR token has experienced a remarkable 450% year-to-date increase, surpassing Bitcoin's 110% gains. The company's strategic shift towards making Bitcoin a key component of its financial strategy has attracted attention from major players like Vanguard, Morgan Stanley, and Capital International Investors. With a holding of 331,200 BTC valued at $29.7 billion, MicroStrategy is the largest corporate Bitcoin holder. Recent SEC filings and financial reports highlight the company's significant Bitcoin purchases, including a $4.6 billion acquisition in a single day. Institutional investors like Vanguard Group and Capital International Investors have significantly increased their stakes, while analysts commend MicroStrategy's unique approach to Bitcoin investment. The company's market capitalization has surged to $78 billion, reflecting a growing interest in Bitcoin-centric businesses on Wall Street.

Cryptocurrency