Bitget App
Trade smarter
News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
No resultsFlash
- 21:43A business entity related to YouTube celebrity MrBeast is reportedly set to enter the cryptocurrency sector.Jinse Finance reported that Beast Holdings, associated with YouTube celebrity MrBeast, has filed a trademark application for “MrBeast Financial” in the United States, with wording suggesting a potential entry into the cryptocurrency sector. The application includes services such as cryptocurrency payment processing, cryptocurrency exchange, and trading through decentralized exchanges (DEX). This move indicates a possible foray into fintech and Web3, potentially targeting MrBeast’s large audience and serving as a gateway or exchange for cryptocurrencies.
- 20:59The UK tax authorities have sent 65,000 letters to suspected cryptocurrency tax evaders.According to a report by Jinse Finance, the UK tax authority has sent 65,000 so-called "reminder letters" to individuals suspected of owing cryptocurrency taxes, more than double the number from last year, according to the Financial Times. In the UK, selling, exchanging, or spending cryptocurrency typically incurs capital gains tax, while staking rewards and airdrops are generally considered income.
- 20:40Retail investors lost about $17 billion by attempting to invest in bitcoin indirectly through asset management firms.According to Jinse Finance, citing Bloomberg, retail investors have lost about 1.7 billions USD by indirectly investing in bitcoin through fund management companies such as Metaplanet and Michael Saylor's Strategy. 10X Research stated that these losses stem from excessively high equity premiums, causing share prices to be much higher than the actual bitcoin holdings.