The report further states that in January 2024, Indonesia’s total government revenue from cryptocurrency taxes reached $2.49 million. Although these crypto taxes have been in effect in Indonesia for nearly two years, Senjaya said they should be reviewed annually like other tax laws. The report states: “The assessment is necessary because the regulation has been in place for more than a year. Typically, the tax is assessed annually.” Furthermore, the number of cryptocurrency holders increased by more than 11%, from 11.2 million in 2021 12.4 million.

Between May 24, 2023 and February 26, 2024, the whale accumulated 24,380 ETH (approximately $55.13 million) from Kraken, with a price of $2,261.

Currently holding 24,500 ETH (approximately $82.96 million), the total profit is approximately $34 million.

The GAO argued that the guidance should be considered a more formal rule, meaning it should go through a different approval process. The GAO review did not change the effectiveness of the announcement. Rep. Michael Flood, R-Nev., one of the sponsors of the resolution, said his problem with the guidance is that it "prevents banks from effectively" safeguarding digital assets. He said this is a particularly serious issue given the SEC’s recent approval of a spot Bitcoin ETF. The major custodians of existing ETFs – Coinbase, Gemini, Fidelity and BitGo – are all non-bank institutions.

It is reported that all members of the House of Representatives and the Senate must vote for the resolution to take effect; if it does take effect, it will prevent the US SEC from issuing similar guidance in the future.

According to yesterday’s news, the full-chain CDP protocol Seneca was suspected of having a vulnerability, and the loss was expected to exceed US$3 million at that time.

According to news earlier today, on February 27, Grayscale’s Bitcoin ETF GBTC had a net outflow of approximately US$125.6 million, Fidelity’s FBTC had an inflow of approximately US$126 million, and Franklin’s EZBC had an inflow of US$16.6 million. Bitwise BITB has a net inflow of $18.4 million, Ark 21Shares’ ARKB has a net inflow of approximately $5.4 million, VanEck’s HODL has a net inflow of approximately $9.7 million, WisdomTree’s BTCW has a net inflow of approximately $3.6 million, and Valkyrie’s BRRR has a modest inflow that is not included. statistics. There is currently no Invesco BTCO fund flow data for yesterday.

The post explains that a piece of malicious JavaScript code was hidden in a two-month-old governance proposal submitted by an alleged Tornado Cash developer. The code redirects deposit data to a public server hosted by the alleged developer. The function of this vulnerability is to leak Tornado Cash deposit data, and also to steal the deposits themselves. According to Gas404, one of the deposits seen on Etherscan was stolen.

Since the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash in August 2022, Tornado Cash’s trading volume has plummeted by more than 90%.

The KASPA blockchain uses PoW (Proof of Work) as the consensus mechanism, adopts the BLOCKDAG structure and the GHOSTDAG protocol, and has the advantages of instant confirmation, high security, flexibility and scalability. It is also the fastest-transaction-level blockchain currently. In the past month, the price of KASPA has increased by more than 70%.

Timmer said: “Bitcoin will eventually occupy about a quarter of the monetary gold market, and I would guess that the share of monetary gold is about 40% of the total gold on earth. At 40%, monetary gold is currently worth about 60,000 billion." It is reported that "monetary gold" refers to precious metals held by central banks, financial institutions and governments as part of foreign exchange reserves.

The Fidelity executive’s analysis is based on a variation of the so-called “stock-to-flow” model commonly used in commodity markets to illustrate Bitcoin’s scarcity and value proposition compared to gold. It’s worth noting that while the model attempts to predict Bitcoin’s value, it has been criticized for not adequately accounting for changes in the asset’s market dynamics. Timmer also noted that while Bitcoin’s growth so far has been consistent with a “stock-to-flow” model, that model may no longer apply once the 21 million cap is reached and new coin production ceases.