Weekly virtual currency news | Partial revision of virtual currency corporate tax rules attracts attention, OKX plans to stop services for Japanese users, etc.

news of the week

We will deliver mainly the news of the week (June 24th to June 30th).

This week, the news that the Japanese National Tax Agency officially announced partial revisions to the rules for crypto assets (virtual currencies) corporate tax was the most read news item.

Regarding the market, a report on the 26th that summarizes the fact that the Bitcoin (BTC) price rose to $ 31,400 and then fell back is attracting attention.

In addition, the article that the global version of OKX seems to be planning to stop services for users living in Japan is also attracting a lot of attention.

table of contents

1. This week’s news ranking
2. Market news ranking
3. Virtual Currency/Blockchain Industry News

This week’s news ranking

1st place: National Tax Agency officially announces partial revision of virtual currency corporate tax rules (6/24)

On the 20th, the National Tax Agency issued a legal interpretation notice regarding partial revisions to the corporate tax rules. In it, it explains that virtual currencies issued by companies will be excluded from market valuation if they meet certain conditions. (the article ishere)

2nd place: OKX to stop services for users living in Japan | Summary of important bulletins on the morning of the 27th (6/27)

It seems that the global version of OKX is planning to stop services for users living in Japan. There is a message in the app that says, “OKX Exchange products cannot be used in Japan due to local laws and regulations.” (the article ishere)

3rd place: Fidelity submits Bitcoin ETF application | Summary of important breaking news on the morning of 30th (6/30)

US financial giant Fidelity has submitted an application for a spot-type Bitcoin ETF (exchange-traded fund) to the Securities and Exchange Commission (SEC). The ETF will be called the Wise Origin Bitcoin Trust and will introduce a monitoring sharing agreement, similar to BlackRock and others. (the article ishere)

Market news ranking

1st place: Bitcoin rises to $ 31,400 and then falls, DeFi-related stocks are looked for (6/26)

Bitcoin price on this day is 2.07% lower than the previous day, 1 BTC = $ 29,990. Although it climbed to $31,443, breaking the year-to-date high of $31,050 recorded in April this year, it has soared at a rapid pace over the past week, and was blocked by a major resistance line (upper resistance line) and fell back. (the article ishere)

2nd place: Bitcoin stays within range, GBTC discount shrinks to -31% level (6/28)

Bitcoin bounced back after touching the resistance line of $31,000 again, rising 0.1% to $30,427. The discount to the market price of Grayscale Bitcoin Trust (GBTC), a grayscale mutual fund, narrowed to -31.3%. (the article ishere)

3rd place: Micro Strategy buys BTC equivalent to 50 billion yen (6/29)

Bitcoin continues to struggle at the $30,000 milestone. The day before, it was found that listed company MicroStrategy, which holds a large amount of bitcoin, has added 12,333 BTC worth 50 billion yen ($347 million). (the article ishere)

Virtual Currency/Blockchain Industry News

Micro Strategy buys more Bitcoin | Summary of important bulletins on the morning of the 29th (6/29)

MicroStrategy announced on the night of the 28th that it had increased its purchase of Bitcoin. With this additional purchase, the company’s bitcoin holdings have increased to 152,333 BTC. (the article ishere)

U.S. SEC First Approval of Leveraged Bitcoin Futures ETF (6/24)

US Volatility Shares announced on the 23rd that the SEC approved its leveraged bitcoin futures ETF “BITX”. BITX does not invest in physical bitcoin, but operates in bitcoin futures with double leverage. (the article ishere)

Binance advances into Japan What is “Binance Japan (tentative name)”? Thorough explanation of expectations and impact (6/24)

Binance, one of the world’s largest cryptocurrency exchanges, announced its full-scale entry into the Japanese market. This article analyzes the presence of Binance, which is attracting attention around the world, and its specific plans to enter the Japanese market. (the article ishere)

Jack Dorsey asks CEO Tim Cook to support Bitcoin for Apple Pay (6/28)

Former Twitter CEO Jack Dorsey, who now heads financial firm Block, asked Apple CEO Tim Cook why Apple Pay doesn’t support Bitcoin on the 27th. . In the background of this lawsuit is Apple’s response to the decentralized SNS application “Damus”. (the article ishere)

US CME plans to offer Ethereum and Bitcoin ratio futures (6/30)

Major US derivatives exchange CME (Chicago Mercantile Exchange) has announced plans to offer ETH/BTC ratio futures from July 31st. Once approved by the Commodity Futures Trading Commission (CFTC), it can be launched. (the article ishere)

Virtual currency custody Prime Trust is virtually bankrupt Loss of access to wallet (6/28)

On the 26th, the Nevada State Department of Financial Institutions filed a petition with the state’s 8th Judicial District Court to appoint a trustee for cryptocurrency custody company Prime Trust. We will take this action based on our determination that the company is operating in an unsafe and unsound manner and is insolvent. (the article ishere)

Sui Foundation denies selling staking rewards Reply to Binance remittance (6/28)

The Sui Foundation, which supports the development of the L1 blockchain “Sui”, shared information on the token on the 28th. We have not sold any staking rewards or other tokens from locked, non-circulating staked SUI tokens on Binance or anywhere else. (the article ishere)

The post Weekly virtual currency news | Partial revision of virtual currency corporate tax rules attracts attention, OKX plans to stop services for Japanese users, etc. appeared first on Our Bitcoin News.