Tanishq Bodh

Turkey Crypto Tax

Turkey Rules Out Crypto Profit Tax, Considers Transaction Tax

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Turkey will not tax crypto profits but is considering a limited transaction tax on these assets. Details are still being discussed, according to Finance Minister Mehmet Simsek. Turkish Treasury and Finance Minister Mehmet Simsek announced that there are no current plans to tax profits from cryptocurrencies. However, the government is contemplating a “very limited” transaction …

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Coinbase Smart Wallet

Coinbase Unveils Smart Wallet, Aiming to Bring 1 Billion Users to Crypto

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In a move geared towards simplifying DeFi access, leading U.S. crypto exchange Coinbase has launched its highly anticipated Smart Wallet. Promising easy setup and gasless transactions, the wallet targets newcomers to the decentralized finance space. Siddharth Coelho-Prabhu, Coinbase’s senior director of product management, introduced the Smart Wallet in a recent blog post. He highlighted its …

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Vitalik On Celebrity Tokens

Vitalik Buterin Criticizes Celebrity Crypto Tokens for Lacking Substance and Long-Term Value

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In a recent statement, Ethereum co-founder Vitalik Buterin voiced strong criticism against the surge of celebrity tokens in the cryptocurrency space, labeling them as superficial and lacking meaningful impact. Buterin’s comments highlight a growing concern about the value and purpose of these celebrity-endorsed digital assets. • Lack of Substance: Buterin argues that celebrity tokens are …

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Michael Saylor News

Bitcoin Billionaire Michael Saylor Settles Tax Evasion Lawsuit For $40 Million

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Michael Saylor, founder and Executive Chairman of MicroStrategy, has agreed to a $40 million settlement with the District of Columbia over an income tax dispute. This marks D.C.’s largest income tax fraud recovery ever, according to officials. • The District of Columbia sued Saylor in August 2022. • Allegations: Saylor did not pay income taxes …

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