NFT News Today Official TheBitTimes.com

TaxDAO is now releasing a series of articles focusing on the site selection and operational strategies for multinational companies with a primary business in cryptocurrency assets. This article is the first in the series and primarily compares the macro-environment and tax policies of Singapore and Hong Kong. As two of Asia’s most important financial hubs, both Singapore and Hong Kong offer well-established legal systems, open market environments, and low tax costs, attracting numerous multinational companies to establish headquarters or branch offices. With the advent of the Web3.0 era, cryptocurrency assets, as an emerging form of financial asset, have gained attention from the governments and regulatory bodies in both regions. Singapore and Hong Kong have both developed corresponding regulations and guidelines to regulate the development of the cryptocurrency asset market and have provided supportive policies, such as tax incentives and financial innovation funds. However, there are...

1. Cointelegraph Releases a Detailed Explanation of the Fake News About Spot Bitcoin ETFs link On October 16th, Cointelegraph tweeted that a spot Bitcoin ETF had been approved by the SEC in the United States. This news caused significant market volatility. However, Cointelegraph later deleted the tweet, and the news was confirmed to be false. On October 17th, Cointelegraph released a detailed explanation regarding the false news about the spot Bitcoin ETF. The editorial team received alerts about the rumor through a Telegram channel, and to report developments quickly, the staff published the report without verifying the authenticity of the news source beforehand. The news lead came from an unconfirmed screenshot shared by a user who claimed it was from a Bloomberg terminal. 2. Grayscale Submits New Filings to the SEC Seeking Approval for a Spot Bitcoin ETF link On the morning of October 19, Grayscale Investments submitted a new registration statement to the U.S. Securities and Exchang...

Author: defioasis Since its launch at the end of July, the L2 network Base, built by Coinbase and based on Optimistic Rollup, has accumulated $7 million in transaction fees, surpassing the majority of other L2 networks during the same period. The on-chain TVL (Total Value Locked) exceeds $540 million, nearly equalling the combined values of zkSync Era and StarkNet, thus becoming the third-largest L2 network following Arbitrum and Optimism. As a public chain with minimal airdrop expectations, it has achieved greater success in a shorter time compared to chains driven by potential airdrop farming. In this landscape of one-click chain launches and reliance on potential airdrop drives, Base’s experience seems to present another possibility in the development of public chains. Looking back at the development over the past three months, Base has experienced at least four significant events that are worthy of being recorded in history. (1) Launching Without Preliminary Announcement, Relying o...

1. Ethereum’s Weekly Summary a. Ethereum’s Holesky Testnet Officially Launched link On September 15th, the Ethereum Holesky testnet was set to officially launch, with a scale twice that of the mainnet. Holesky was expected to become Ethereum’s largest testnet, with approximately 1.4 million validators aimed at addressing the scalability issues of the mainnet. Holesky is slated to eventually replace the Goerli testnet, with the goal of shutting it down in early 2024. However, on September 16th, Galaxy researcher Christine Kim reported that the Holesky testnet, which went live on the 15th, experienced a failed launch due to network configuration errors. Developers plan to restart it shortly. b. Latest Ethereum Meeting Discusses Devnet-8 Update, EIP-7514 Included in Dencun Upgrade link On September 15th, as per Tim Beiko’s summary of the 170th Ethereum Execution Layer Core Developer Meeting (ACDE), the discussion primarily revolved around the following topics: the progress of Devnet-8 (en...