Japan Pushes For 20% Flat Tax Rate For Crypto Profits

Japan Pushes For 20% Flat Tax Rate For Crypto Profits

The government of Japan wants to implement a flat 20% tax rate on crypto profits, aligning it with the taxation regime for investment funds and stocks. Japan has come into the center of attention of the crypto community following yet another massive liquidation event on Monday. The Asian economic giant triggered nearly a billion dollars…

Developers Propose Secret Santa Protocol For Ethereum

Developers Propose Secret Santa Protocol For Ethereum

Ethereum researchers are working on ways to deploy a protocol they first introduced earlier this year, which could supercharge privacy with zero-knowledge proofs. Ethereum developer Artem Chystiakov shared his research on the Ethereum community forum on Monday, titled “Zero Knowledge Secret Santa (ZKSS),” which proposes a three-step “Secret Santa” algorithm. The paper was first introduced…

This Year's Tether Debate is a Good One to Have

This Year’s Tether Debate is a Good One to Have

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Tether is back in the spotlight as traders revisit a familiar question:…

Whale wallet from October 11 crash deposits ETH to Aave

Whale wallet from October 11 crash deposits ETH to Aave

The insider whale wallet that shorted the market right before the October 11 liquidations happened has returned to the market with new moves. According to reports, the whale deposited ETH to Aave to borrow more stablecoins. The reports claimed that this time, the whale used the Aave lending protocol to tap the value of ETH….

Gasoline Prices Drop To 4-Year Low, What Are Its Possible Effects On Crypto?

Gasoline Prices Drop To 4-Year Low, What Are Its Possible Effects On Crypto?

Gasoline prices fell below $3 per gallon for the first time in 4 years. Will this result in a bullish scenario for crypto? US consumers received their Thanksgiving gift last week, as average gasoline prices fell to their lowest level in over 4 years. According to GasBuddy, a real-time fuel price aggregator, the national figures…