[Hong Kong crypto exchange data to stay out of China sharing for now: Colin Wu]
Hong Kong plans to automatically exchange cryptocurrency transaction data with overseas tax authorities starting in 2028, but China will be excluded for the time being, Wu Blockchain founder Colin Wu said in an analysis.
Hong Kong’s Legislative Council on Nov. 4 passed an amendment to its tax ordinance to adopt the OECD’s Crypto-Asset Reporting Framework, or CARF.
In a post on X, Wu said mainland China is not participating in CARF and therefore will not receive the latest exchange data, with authorities mainly checking bank deposit and withdrawal information instead. Wu added authorities already have exchange data from before investors left the mainland.
Wu said mainland taxpayers are subject to a 20% tax rate on crypto trading gains even if they are in Hong Kong, while Hong Kong taxpayers pay no tax on profits from long-term investing or occasional trading. Wu added mainland authorities have not yet begun enforcement in this area, but are likely to move in stages, and a retrospective review of past transactions is only a matter of time.
https://coinness.com/en/news/1174348
Hong Kong plans to automatically exchange cryptocurrency transaction data with overseas tax authorities starting in 2028, but China will be excluded for the time being, Wu Blockchain founder Colin Wu said in an analysis.
Hong Kong’s Legislative Council on Nov. 4 passed an amendment to its tax ordinance to adopt the OECD’s Crypto-Asset Reporting Framework, or CARF.
In a post on X, Wu said mainland China is not participating in CARF and therefore will not receive the latest exchange data, with authorities mainly checking bank deposit and withdrawal information instead. Wu added authorities already have exchange data from before investors left the mainland.
Wu said mainland taxpayers are subject to a 20% tax rate on crypto trading gains even if they are in Hong Kong, while Hong Kong taxpayers pay no tax on profits from long-term investing or occasional trading. Wu added mainland authorities have not yet begun enforcement in this area, but are likely to move in stages, and a retrospective review of past transactions is only a matter of time.
https://coinness.com/en/news/1174348
CoinNess
Hong Kong crypto exchange data to stay out of China sharing for now: Colin Wu - CoinNess
Hong Kong plans to automatically exchange cryptocurrency transaction data with overseas tax authorities starting in 2028, but China will be excluded for the tim...
[Gnosis Chain aims to transition to Ethereum layer-2 by next spring]
Gnosis (GNO), an independent layer-one blockchain, said on Nov. 4 that it plans to bring Gnosis Chain into the Ethereum Economic Zone, or EEZ, by next spring and convert it into the first general-purpose chain settled on Ethereum.
Under the plan, existing Gnosis Chain smart contracts, balances, addresses, chain IDs, and its xDAI gas token will remain unchanged on Ethereum, allowing developers to continue using the current environment without redeploying contracts.
CoinNess reported in September that Gnosis Chain was moving to abandon its standalone layer-one model and pursue a transition to Ethereum layer-2.
https://coinness.com/en/news/1174349
Gnosis (GNO), an independent layer-one blockchain, said on Nov. 4 that it plans to bring Gnosis Chain into the Ethereum Economic Zone, or EEZ, by next spring and convert it into the first general-purpose chain settled on Ethereum.
Under the plan, existing Gnosis Chain smart contracts, balances, addresses, chain IDs, and its xDAI gas token will remain unchanged on Ethereum, allowing developers to continue using the current environment without redeploying contracts.
CoinNess reported in September that Gnosis Chain was moving to abandon its standalone layer-one model and pursue a transition to Ethereum layer-2.
https://coinness.com/en/news/1174349
CoinNess
Gnosis Chain aims to transition to Ethereum layer-2 by next spring - CoinNess
Gnosis (GNO), an independent layer-one blockchain, said on Nov. 4 that it plans to bring Gnosis Chain into the Ethereum Economic Zone, or EEZ, by next spring an...
[Crypto-friendly House candidates stumble, clouding digital assets panel’s future]
Rep. Bill Huizenga, vice chairman of the U.S. House Financial Services Committee and a crypto-friendly Republican, lost an early lead in midterm vote counting and was later overtaken by Democratic candidate Sean McCann, Crypto in America founder Eleanor Terrett said on X. Huizenga is a member of the House Financial Services Committee’s digital assets subcommittee.
Meanwhile, Rep. Bryan Steil, the subcommittee’s chairman, failed to win reelection, leaving the subcommittee’s future unclear. The subcommittee’s name, scope and membership are set whenever a new Congress begins every two years, so the next Congress could rename it, change its responsibilities or abolish it altogether.
https://coinness.com/en/news/1174350
Rep. Bill Huizenga, vice chairman of the U.S. House Financial Services Committee and a crypto-friendly Republican, lost an early lead in midterm vote counting and was later overtaken by Democratic candidate Sean McCann, Crypto in America founder Eleanor Terrett said on X. Huizenga is a member of the House Financial Services Committee’s digital assets subcommittee.
Meanwhile, Rep. Bryan Steil, the subcommittee’s chairman, failed to win reelection, leaving the subcommittee’s future unclear. The subcommittee’s name, scope and membership are set whenever a new Congress begins every two years, so the next Congress could rename it, change its responsibilities or abolish it altogether.
https://coinness.com/en/news/1174350
CoinNess
Crypto-friendly House candidates stumble, clouding digital assets panel’s future - CoinNess
Rep. Bill Huizenga, vice chairman of the U.S. House Financial Services Committee and a crypto-friendly Republican, lost an early lead in midterm vote counting a...
[Bitcoin rebounds as Democrats win U.S. Congress, with pre-pricing view gaining traction]
Bitcoin rebounded even after Democrats won majorities in both chambers of the U.S. Congress in the U.S. midterm elections, prompting analysis that the outcome had already been priced in. According to Decrypt, BTC briefly fell after the election results were announced, but later reclaimed levels above $78,000 and rebounded nearly 4% from its low.
Andre Dragosch, head of research at Bitwise Europe, said the possibility of Democrats controlling both chambers had already been reflected in the market, and the recovery accelerated as selling pressure was exhausted. At the same time, Dragosch noted concerns remain in the market that the result could increase uncertainty over the push for crypto-friendly policies.
James Butterfill, head of research at CoinShares, said the likelihood of delays in passing legislation has increased, but a crypto-friendly stance at regulators such as the U.S. SEC and the CFTC, as well as regulatory progress already made through measures such as the GENIUS Act, would not disappear.
https://coinness.com/en/news/1174351
Bitcoin rebounded even after Democrats won majorities in both chambers of the U.S. Congress in the U.S. midterm elections, prompting analysis that the outcome had already been priced in. According to Decrypt, BTC briefly fell after the election results were announced, but later reclaimed levels above $78,000 and rebounded nearly 4% from its low.
Andre Dragosch, head of research at Bitwise Europe, said the possibility of Democrats controlling both chambers had already been reflected in the market, and the recovery accelerated as selling pressure was exhausted. At the same time, Dragosch noted concerns remain in the market that the result could increase uncertainty over the push for crypto-friendly policies.
James Butterfill, head of research at CoinShares, said the likelihood of delays in passing legislation has increased, but a crypto-friendly stance at regulators such as the U.S. SEC and the CFTC, as well as regulatory progress already made through measures such as the GENIUS Act, would not disappear.
https://coinness.com/en/news/1174351
CoinNess
Bitcoin rebounds as Democrats win U.S. Congress, with pre-pricing view gaining traction - CoinNess
Bitcoin rebounded even after Democrats won majorities in both chambers of the U.S. Congress in the U.S. midterm elections, prompting analysis that the outcome h...
[Trump cancels public schedule after Republicans’ midterm election defeat]
U.S. President Donald Trump had no public events scheduled on Nov. 4 after Republicans suffered a major defeat in the midterm elections, Walter Bloomberg reported. The White House schedule for the day included only a private policy meeting. In an interview with The Wall Street Journal, Trump acknowledged the Iran war had some impact on the party’s election loss, while saying he did not regret the decision to start the war.
https://coinness.com/en/news/1174352
U.S. President Donald Trump had no public events scheduled on Nov. 4 after Republicans suffered a major defeat in the midterm elections, Walter Bloomberg reported. The White House schedule for the day included only a private policy meeting. In an interview with The Wall Street Journal, Trump acknowledged the Iran war had some impact on the party’s election loss, while saying he did not regret the decision to start the war.
https://coinness.com/en/news/1174352
CoinNess
Trump cancels public schedule after Republicans’ midterm election defeat - CoinNess
U.S. President Donald Trump had no public events scheduled on Nov. 4 after Republicans suffered a major defeat in the midterm elections, Walter Bloomberg report...
[Sony Bank says hack at Securitize Japan exposed data of 621 customers]
Japan’s Sony Bank said a hack at Securitize Japan, the Japanese subsidiary of digital securities tokenization platform Securitize, exposed the personal data of 621 customers.
Of those, four had their names, addresses, dates of birth and account numbers exposed, while the other 617 had only their names leaked. Securitize Japan detected a system anomaly on Oct. 29, launched an investigation and confirmed unauthorized external access later the same day. Sony Bank said the incident affected only services related to digital securities and was unrelated to its other banking services. Digital securities trading is currently suspended. No fraudulent transactions or online publication and spread of the leaked personal data have been confirmed so far.
https://coinness.com/en/news/1174353
Japan’s Sony Bank said a hack at Securitize Japan, the Japanese subsidiary of digital securities tokenization platform Securitize, exposed the personal data of 621 customers.
Of those, four had their names, addresses, dates of birth and account numbers exposed, while the other 617 had only their names leaked. Securitize Japan detected a system anomaly on Oct. 29, launched an investigation and confirmed unauthorized external access later the same day. Sony Bank said the incident affected only services related to digital securities and was unrelated to its other banking services. Digital securities trading is currently suspended. No fraudulent transactions or online publication and spread of the leaked personal data have been confirmed so far.
https://coinness.com/en/news/1174353
CoinNess
Sony Bank says hack at Securitize Japan exposed data of 621 customers - CoinNess
Japan’s Sony Bank said a hack at Securitize Japan, the Japanese subsidiary of digital securities tokenization platform Securitize, exposed the personal data o...
[French lower house backs reporting rule for self-custodied crypto over €100K]
France’s lower house has passed an amendment requiring taxpayers holding more than €100,000 ($108,600) in self-custodied cryptocurrency to report those holdings to tax authorities, Cointelegraph reported today. Amendment I-2701 passed on Tuesday by 150 votes to 44, with eight abstentions, and would apply the reporting requirement based on holdings as of Dec. 31 of the tax year.
The measure is part of France’s 2027 budget bill and must remain in the final legislative process to become law. The French lower house is set to complete its first review of the budget bill by Nov. 17, with Senate deliberations starting on Nov. 20. Separately, the lower house previously rejected an amendment that would have exempted capital gains on crypto payments of €1,000 ($1,086) or less per year from taxation.
https://coinness.com/en/news/1174354
France’s lower house has passed an amendment requiring taxpayers holding more than €100,000 ($108,600) in self-custodied cryptocurrency to report those holdings to tax authorities, Cointelegraph reported today. Amendment I-2701 passed on Tuesday by 150 votes to 44, with eight abstentions, and would apply the reporting requirement based on holdings as of Dec. 31 of the tax year.
The measure is part of France’s 2027 budget bill and must remain in the final legislative process to become law. The French lower house is set to complete its first review of the budget bill by Nov. 17, with Senate deliberations starting on Nov. 20. Separately, the lower house previously rejected an amendment that would have exempted capital gains on crypto payments of €1,000 ($1,086) or less per year from taxation.
https://coinness.com/en/news/1174354
CoinNess
French lower house backs reporting rule for self-custodied crypto over €100K - CoinNess
France’s lower house has passed an amendment requiring taxpayers holding more than €100,000 ($108,600) in self-custodied cryptocurrency to report those hold...
[Coinbase says over 99% of customer assets are held in cold storage]
Coinbase said more than 99% of customer assets are stored in cold storage, according to Unfolded.
https://coinness.com/en/news/1174355
Coinbase said more than 99% of customer assets are stored in cold storage, according to Unfolded.
https://coinness.com/en/news/1174355
CoinNess
Coinbase says over 99% of customer assets are held in cold storage - CoinNess
Coinbase said more than 99% of customer assets are stored in cold storage, according to Unfolded.
[Only 8% of stablecoin market cap is deposited in DeFi]
As of Oct. 25, $24 billion in stablecoins was deposited in decentralized finance protocols, accounting for only about 8% of the total stablecoin market capitalization of $298.4 billion, Crypto Briefing reported, citing Token Terminal data.
The combined market size of stablecoins and tokenized assets stood at about $333 billion, with less than 10% deposited in DeFi. By asset, USDC had the highest share of DeFi deposits at 38.2% ($9.2 billion), followed by USDT at 20.3% ($4.9 billion) and USDe at 9.0% ($2.2 billion).
https://coinness.com/en/news/1174356
As of Oct. 25, $24 billion in stablecoins was deposited in decentralized finance protocols, accounting for only about 8% of the total stablecoin market capitalization of $298.4 billion, Crypto Briefing reported, citing Token Terminal data.
The combined market size of stablecoins and tokenized assets stood at about $333 billion, with less than 10% deposited in DeFi. By asset, USDC had the highest share of DeFi deposits at 38.2% ($9.2 billion), followed by USDT at 20.3% ($4.9 billion) and USDe at 9.0% ($2.2 billion).
https://coinness.com/en/news/1174356
CoinNess
Only 8% of stablecoin market cap is deposited in DeFi - CoinNess
As of Oct. 25, $24 billion in stablecoins was deposited in decentralized finance protocols, accounting for only about 8% of the total stablecoin market capitali...
[Zengo adds Avalanche support]
Cryptocurrency self-custody wallet Zengo has added support for Avalanche, Crypto Briefing reported. Users can now manage AVAX and related assets without a separate seed phrase. Zengo was acquired earlier this year by global investment platform eToro.
https://coinness.com/en/news/1174357
Cryptocurrency self-custody wallet Zengo has added support for Avalanche, Crypto Briefing reported. Users can now manage AVAX and related assets without a separate seed phrase. Zengo was acquired earlier this year by global investment platform eToro.
https://coinness.com/en/news/1174357
CoinNess
Zengo adds Avalanche support - CoinNess
Cryptocurrency self-custody wallet Zengo has added support for Avalanche, Crypto Briefing reported. Users can now manage AVAX and related assets without a separ...
[US stocks open higher]
The three major U.S. stock indices opened higher today.
- S&P 500: +1.15%
- Nasdaq: +0.45%
- Dow Jones: +2.18%
https://coinness.com/en/news/1174358
The three major U.S. stock indices opened higher today.
- S&P 500: +1.15%
- Nasdaq: +0.45%
- Dow Jones: +2.18%
https://coinness.com/en/news/1174358
CoinNess
US stocks open higher - CoinNess
The three major U.S. stock indices opened higher today. - S&P 500: +1.15% - Nasdaq: +0.45% - Dow Jones: +2.18%
[Blockchain Association pledges bipartisan push for U.S. crypto clarity in next Congress]
The Blockchain Association said it will continue pursuing bipartisan cooperation in the next U.S. Congress to secure clearer cryptocurrency rules, even as Democratic control of both chambers is expected, CoinDesk reported. In a statement, the group said digital assets are not a partisan issue and both parties should work together to protect consumers and support innovation in the United States. It added that the enactment of the GENIUS Act and the House passage of the CLARITY Act were the result of bipartisan cooperation, and said it will focus on establishing a consistent and sustainable regulatory framework regardless of changes in the administration or the makeup of Congress.
https://coinness.com/en/news/1174359
The Blockchain Association said it will continue pursuing bipartisan cooperation in the next U.S. Congress to secure clearer cryptocurrency rules, even as Democratic control of both chambers is expected, CoinDesk reported. In a statement, the group said digital assets are not a partisan issue and both parties should work together to protect consumers and support innovation in the United States. It added that the enactment of the GENIUS Act and the House passage of the CLARITY Act were the result of bipartisan cooperation, and said it will focus on establishing a consistent and sustainable regulatory framework regardless of changes in the administration or the makeup of Congress.
https://coinness.com/en/news/1174359
CoinNess
Blockchain Association pledges bipartisan push for U.S. crypto clarity in next Congress - CoinNess
The Blockchain Association said it will continue pursuing bipartisan cooperation in the next U.S. Congress to secure clearer cryptocurrency rules, even as Democ...
[Robinhood announces STONKBROKER listing]
Robinhood announced the listing of STONKBROKER.
https://coinness.com/en/news/1174360
Robinhood announced the listing of STONKBROKER.
https://coinness.com/en/news/1174360
CoinNess
Robinhood announces STONKBROKER listing - CoinNess
Robinhood announced the listing of STONKBROKER.
[BTC rises above $79,000]
According to CoinNess market monitoring, BTC has risen above $79,000. BTC is trading at $79,107.66 on the Binance USDT market.
https://coinness.com/en/news/1174361
According to CoinNess market monitoring, BTC has risen above $79,000. BTC is trading at $79,107.66 on the Binance USDT market.
https://coinness.com/en/news/1174361
CoinNess
BTC rises above $79,000 - CoinNess
According to CoinNess market monitoring, BTC has risen above $79,000. BTC is trading at $79,107.66 on the Binance USDT market.
[$126 million worth of futures liquidated in the past hour]
Major exchanges have seen $126 million worth of futures liquidated in the past hour. In the past 24 hours, $569 million worth of futures have been liquidated.
https://coinness.com/en/news/1174362
Major exchanges have seen $126 million worth of futures liquidated in the past hour. In the past 24 hours, $569 million worth of futures have been liquidated.
https://coinness.com/en/news/1174362
CoinNess
$126 million worth of futures liquidated in the past hour - CoinNess
Major exchanges have seen $126 million worth of futures liquidated in the past hour. In the past 24 hours, $569 million worth of futures have been liquidated.
[Yellow Card acquires GoMoney to enter Brazil market]
Africa-focused crypto payments infrastructure firm Yellow Card announced it acquired Brazilian virtual asset service provider GoMoney in October. The deal allows Yellow Card to operate directly in Brazil, and the company plans to offer Brazilian real collections and payouts through the local instant payments system Pix, along with stablecoin settlement services.
https://coinness.com/en/news/1174363
Africa-focused crypto payments infrastructure firm Yellow Card announced it acquired Brazilian virtual asset service provider GoMoney in October. The deal allows Yellow Card to operate directly in Brazil, and the company plans to offer Brazilian real collections and payouts through the local instant payments system Pix, along with stablecoin settlement services.
https://coinness.com/en/news/1174363
CoinNess
Yellow Card acquires GoMoney to enter Brazil market - CoinNess
Africa-focused crypto payments infrastructure firm Yellow Card announced it acquired Brazilian virtual asset service provider GoMoney in October. The deal allow...
[ETH risen 2.58% in the past 5 minutes]
ETH has risen by 2.58% in the past five minutes on the COINNESS market. Currently, ETH is trading at $2,438.09.
https://coinness.com/en/news/1174364
ETH has risen by 2.58% in the past five minutes on the COINNESS market. Currently, ETH is trading at $2,438.09.
https://coinness.com/en/news/1174364
CoinNess
ETH risen 2.58% in the past 5 minutes - CoinNess
ETH has risen by 2.58% in the past five minutes on the COINNESS market. Currently, ETH is trading at $2,438.09.
[BTC rises above $80,000]
According to CoinNess market monitoring, BTC has risen above $80,000. BTC is trading at $80,054.99 on the Binance USDT market.
https://coinness.com/en/news/1174365
According to CoinNess market monitoring, BTC has risen above $80,000. BTC is trading at $80,054.99 on the Binance USDT market.
https://coinness.com/en/news/1174365
CoinNess
BTC rises above $80,000 - CoinNess
According to CoinNess market monitoring, BTC has risen above $80,000. BTC is trading at $80,054.99 on the Binance USDT market.
[$385 million worth of futures liquidated in the past hour]
Major exchanges have seen $385 million worth of futures liquidated in the past hour. In the past 24 hours, $827 million worth of futures have been liquidated.
https://coinness.com/en/news/1174366
Major exchanges have seen $385 million worth of futures liquidated in the past hour. In the past 24 hours, $827 million worth of futures have been liquidated.
https://coinness.com/en/news/1174366
CoinNess
$385 million worth of futures liquidated in the past hour - CoinNess
Major exchanges have seen $385 million worth of futures liquidated in the past hour. In the past 24 hours, $827 million worth of futures have been liquidated.
[Selini Capital-linked address accumulates $5M in AVAX over six days]
A Selini Capital-linked address bought an additional 57,771 AVAX, worth about $500,000, on Binance, according to Arkham. The address has been a net buyer of AVAX for six straight days, with cumulative purchases over that period reaching about $5 million at an average entry price of about $8.785. According to CoinMarketCap, AVAX was trading at $8.86, up 3.31%.
https://coinness.com/en/news/1174367
A Selini Capital-linked address bought an additional 57,771 AVAX, worth about $500,000, on Binance, according to Arkham. The address has been a net buyer of AVAX for six straight days, with cumulative purchases over that period reaching about $5 million at an average entry price of about $8.785. According to CoinMarketCap, AVAX was trading at $8.86, up 3.31%.
https://coinness.com/en/news/1174367
CoinNess
Selini Capital-linked address accumulates $5M in AVAX over six days - CoinNess
A Selini Capital-linked address bought an additional 57,771 AVAX, worth about $500,000, on Binance, according to Arkham. The address has been a net buyer of AVA...
[BTC rises above $81,000]
According to CoinNess market monitoring, BTC has risen above $81,000. BTC is trading at $81,040.36 on the Binance USDT market.
https://coinness.com/en/news/1174368
According to CoinNess market monitoring, BTC has risen above $81,000. BTC is trading at $81,040.36 on the Binance USDT market.
https://coinness.com/en/news/1174368
CoinNess
BTC rises above $81,000 - CoinNess
According to CoinNess market monitoring, BTC has risen above $81,000. BTC is trading at $81,040.36 on the Binance USDT market.