Thailand Grants Five-Year Crypto Tax Break to Boost Innovation
Thailand’s Ministry of Finance has approved a five-year tax exemption on capital gains from cryptocurrency sales, marking a major milestone in the country’s digital asset strategy. Effective from 1 January 2025 to 31 December 2029, the exemption will only apply to crypto transactions conducted through licensed digital asset service providers.
Infini Ends Crypto Card Services Amid Strategic Shift
Infini, one of China’s most widely used crypto payment card services, has officially announced the suspension of all its card operations, effective from June 17. In a recent Telegram notice, the Hong Kong-based neobank informed users that all card-related functions, including Global Card, Lite Card, and Tech Card, will be
Crypto User Loses $6.9M After Buying Compromised Wallet on TikTok
A crypto investor has reportedly lost $6.9 million worth of digital assets after purchasing a discounted cold wallet via Douyin, the Chinese counterpart of TikTok. According to blockchain security firm SlowMist, the wallet had been compromised from the outset, with its private key exposed at the time of creation. Within
Strategy’s $1.05B Bitcoin Bet: Bold Vision or Risky Leverage?
Strategy has once again doubled down on Bitcoin, announcing the purchase of an additional 10,100 BTC for $1.05 billion, according to a Form 8-K filing submitted on June 16. This acquisition brings the firm’s total Bitcoin holdings to approximately 592,100 BTC, maintaining its position as the largest publicly traded corporate
Russia Cracks Down on Rogue Crypto Mining Amid Power Theft Surge
Russian authorities have uncovered an illegal mobile crypto mining operation hidden inside a KamAZ truck in the Republic of Buryatia. According to a report from state-owned news outlet TASS, the operation was discovered during a routine inspection of local power lines in the Pribaikalsky District. The mining rig was illegally
Crypto Grows Up: IPO Wave Signals Maturity and Market Confidence
The crypto industry is entering a new era. Once perceived as a fringe movement run by hobbyists, it’s now stepping confidently into public markets. With robust governance structures, transparent financials, and scalable business models, digital asset firms are proving they’re no longer just experiments, they’re IPO-ready. Speaking to Cointelegraph, MEXC
Crypto Never Sleeps: Hedge Funds Embrace 24/7 Trading
The world of crypto trading, with its relentless 24/7 nature, is forcing traditional finance (TradFi) to evolve. Hedge funds and trading giants are increasingly hiring traders for weekends, recognising that the digital asset market does not rest, not for weekends, holidays, or closing bells. Unlike traditional markets that operate on
FSB Flags Crypto ‘Tipping Point’ as TradFi Links Deepen
As crypto markets grow increasingly entangled with traditional finance (TradFi), global regulators are ramping up warnings. The Financial Stability Board (FSB), which monitors and advises on global financial systems, has issued fresh caution about the sector’s evolving risks. Outgoing FSB Chair Klaas Knot stated on Thursday that crypto assets may
Arbitrum Defies Unlock Fears as Bullish Breakout Signals 40% Upside
Arbitrum (ARB) is showing unexpected strength in the face of a looming $40 million token unlock. Despite typical selloff concerns associated with such events, ARB surged nearly 10% in the last 24 hours, reclaiming the $0.40 mark. With the unlock of 92.65 million tokens scheduled for June 16 accounting for
Bitcoin Eyes New High Amid US-China Trade Deal Optimism
Bitcoin is inching closer to a new all-time high, fuelled by fresh optimism surrounding a long-anticipated trade agreement between the United States and China. US President Donald Trump announced on Truth Social that the trade deal is “done,” pending final approval with Chinese President Xi Jinping. The proposed agreement signals
