Cryptocurrency
Search documents
The UK government says banks need to stop blocking crypto firms if the country wants to become a digital hub
Yahoo Finance· 2026-01-28 16:51
U.K. officials have said they expect banks to treat all businesses fairly, including crypto services providers, as part of the government’s ambition to make the country an international digital assets hub. The government has introduced legislation for cryptoasset regulation to Parliament and that it expects final rules to be confirmed this year, “giving crypto businesses the certainty they need to invest and grow in the U.K," a spokesperson for the HM Treasury, the country's economic and finance ministry, ...
How investors turn to gold-pegged cryptocurrencies to avoid taxes
Yahoo Finance· 2026-01-28 16:20
Group 1 - South Korean investors are increasingly purchasing gold-pegged stablecoins to avoid high tax liabilities associated with physical gold trading [1][5] - Crypto trading in South Korea is currently not taxed, while physical gold incurs a 10% value-added tax and a 22% capital gains tax when traded on the Korea Exchange [1][2] - Gold-backed coins, such as Tether Gold and PAX Gold, are gaining popularity as they are pegged to the value of physical gold, with one token typically representing a troy ounce or a gram of gold [3][6] Group 2 - Global trends show investors shifting from higher-risk financial products to traditional safe havens like gold, influenced by recent tariff threats affecting crypto trading [4] - Analysts suggest that gold-backed coins provide a short-term investment advantage due to favorable tax regulations in South Korea [5] - Interest in gold-related cryptoassets is rising significantly, with Tether Gold trading accounting for over 0.6% of the 24-hour trading volume on Upbit, amounting to over $9 million [6]
Coinbase opposition won't stymie U.S. crypto market structure bill, HSBC says
Yahoo Finance· 2026-01-28 16:17
Coinbase's (COIN) decision to end support for U.S. market structure legislation won't derail the process, investment bank HSBC said, suggesting that while CEO Brian Armstrong prefers no bill over a bad bill, he would probably accept a sensible compromise. The report maintained that a legislative floor is essential to providing the stability required for institutional entry. "Coinbase withdrawal of support is not a death-knell for U.S. market structure legislation," analysts Daragh Maher and Nishu Singla ...
The Protocol: Ethereum to roll out new AI agents standard soon
Yahoo Finance· 2026-01-28 16:03
Group 1: Ethereum's New AI Agent Standard - Ethereum developers are set to introduce ERC-8004, a new standard aimed at enabling software agents to identify, authenticate, and establish trust across different systems [1] - The proposal emphasizes the need for AI agents to have persistent identities and a shared credibility framework, similar to users, wallets, or smart contracts [1] - ERC-8004 includes three registries: an identity registry for unique on-chain identifiers, a reputation registry for performance feedback, and a validation registry for independent checks of agent work [1] Group 2: Solana's Focus on Financial Infrastructure - Solana is shifting its focus towards building financial infrastructure, moving away from the previous emphasis on NFTs and games [2] - The network is positioning itself around high-throughput on-chain trading and market structure, reflecting a maturation in the ecosystem [2] - Despite subdued crypto prices, institutional interest in Solana has increased, with Wall Street showing strong bullish sentiment towards tokenization and on-chain settlement [2]
Top Wall Street Firms Met With SEC Crypto Task Force to Discuss DeFi Concerns
Yahoo Finance· 2026-01-28 15:29
As crypto’s coveted market structure bill stalls in the Senate, top Wall Street players met with the SEC Tuesday to discuss numerous concerns with the regulator’s permissive approach to digital assets. Representatives of JPMorgan, Citadel, and SIFMA, the powerful securities industry trade group, met with the SEC’s crypto task force yesterday to talk through the agency’s bold new approach to digital assets, according to agency records. Topics raised at the meeting included worries that the SEC’s imminent pl ...
Fidelity to Enter Stablecoin Market With Ethereum-Based 'Digital Dollar'
Yahoo Finance· 2026-01-28 15:18
Fidelity Investments will expand its digital asset offerings with plans to launch its own U.S. dollar-pegged stablecoin, the Fidelity Digital Dollar (FIDD), the firm said in a press release. The new token will be available to retail and institutional investors "in the coming weeks" and run on the Ethereum blockchain. The stablecoin will be issued through Fidelity Digital Assets, the firm's crypto-focused subsidiary and be fully backed by U.S. dollars and high-quality cash equivalents. “As a leading ass ...
Binance Founder CZ Fires Back at FUD Over ‘Buy and Hold’ Tweet — Here’s What He Really Meant
Yahoo Finance· 2026-01-28 15:13
Binance founder Changpeng “CZ” Zhao has pushed back against growing criticism on social media after a short comment about “buy and hold” investing sparked renewed debate over market losses, exchange responsibility, and his influence on crypto markets. The controversy traces back to a post Zhao shared on January 25, in which he said that, based on his experience, few trading strategies outperform a simple “buy and hold” approach, adding that it was not financial advice. The remark quickly circulated acro ...
BNB Plus Corp.: Bet on Binance Ecosystem with Best-in-Class Yield – Exec Edge Initiation Report
Yahoo Finance· 2026-01-28 15:01
Core Viewpoint - BNB Plus Corp. (BNBX) is transitioning from biotech to digital asset treasury with a focus on enhancing shareholder value and providing regulated access to the Binance ecosystem, trading at a significant discount to net asset value [1][6] Group 1: Company Strategy - BNBX aims to actively grow its BNB position through a diversified yield framework, targeting high-single to low-double-digit returns via native staking, primary issuance access, DeFi liquidity deployment, and selective structured yield opportunities [2] - The company is positioned as a compliant gateway to BNB exposure, facilitating institutional investment without the complexities of direct custody [4] Group 2: Market Position and Demand - Binance is the leading global crypto exchange by volume, creating sustained demand for BNB, supported by deflationary tokenomics and ongoing network usage, which positions BNB as a strategic reserve asset [3] - Improving regulatory clarity in the U.S. could further enhance the institutionalization of the BNB ecosystem, benefiting BNBX [4] Group 3: Financial Performance and Opportunities - BNBX successfully raised $27 million in gross proceeds through a recent private investment, allowing for treasury expansion and maintaining capital-raising flexibility [5] - The opportunity presented by BNBX includes a discounted NAV, yield-driven compounding, and an underpenetrated institutional asset, emphasizing execution and transparency [6]
NetBrands Pursues Strategic Joint Ventures and Partnerships to Drive Scalable Growth in Digital Assets
Accessnewswire· 2026-01-28 14:50
Core Viewpoint - NetBrands Corp. is focusing on strategic growth through joint ventures, mergers, and technology-driven partnerships in blockchain infrastructure, cryptocurrency mining, and Web3 markets [1] Group 1: Strategic Initiatives - The company is actively pursuing multiple opportunities aimed at accelerating scale and expanding geographic reach [1] - The initiatives are designed to enhance long-term shareholder value through disciplined capital deployment and operational synergies [1]