News Compilation for the Previous Week!
✅ Ukraine's Bureau of Economic Security (BEB) has published an analysis of uncollected taxes from cryptocurrency exchanges.
According to BEB's analysis, over the last 10 years, Ukraine's budget has missed out on approximately ₴3 billion in terms of income tax from cryptocurrency exchange activities conducted by residents of the country.
From 2013 to 2023, the trading volume of three cryptocurrencies (BTC, ETH, and USDT) on these platforms reached ₴2.03 trillion. Taking this into account, along with an average brokerage fee of 0.8%, the estimated income amount before tax deduction would be around ₴16.4 billion ($445.5 million), as stated by BEB.
P.S. We recommend subscribing to the channel of KUNA founder Mykhailo Chobanian at https://t.me/michaelchobanian, where subscribers are actively discussing this news.
✅ Tether Acquires Bitcoins Worth $45 Million in Q2 2023
This was reported to Bitcoin Magazine by Tether's Chief Technical Director, Paolo Ardoino. In May, Tether announced that it would be investing up to 15% of its quarterly profit in bitcoins. Ardoino stated at the time that bitcoin consistently demonstrated its stability and that its "limited supply, decentralized nature, and wide adoption made it the preferred choice for retail investors."
✅ Elon Musk Denies Launching Token for Platform X
The owner of a social media platform has refuted rumors of token issuance by writing about it on his account. Instead of an official statement about his rejection, Elon Musk responded to the user DogeDesigner. The tweet contained images of headlines from news outlets falsely claiming the release of a new coin.
"We will never do this," Elon Musk added.
Furthermore, according to certain media outlets, the social media platform X is currently seeking a financial data provider to create a marketplace within its application.
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