According to Lookonchain monitoring, from October 3 to 4, a whale spent 1,360 ETH (worth about $3.24 million) to buy 909,000 EIGEN at an average price of 3.56 USDT. The whale sold 772,000 EIGEN (worth about $2.39 million) at an average price of 3.1 USDT 3 hours ago. Currently, it holds 139,800 EIGEN (worth about $449,000) and has lost $407,000.

According to Cointelegraph, the United Arab Emirates (UAE) has introduced amendments to its value-added tax (VAT) regulations, exempting transfers and conversions of digital assets, including cryptocurrencies. The UAE’s Federal Tax Authority (FTA) published these changes on October 2, with the new rules also covering VAT exemptions for managing investment funds and other virtual asset services. These exemptions will be applied retrospectively from January 1, 2018, as noted by business consultancy PwC. PwC explained that in the UAE, virtual assets are defined as representations of value that can be digitally traded or converted and used for investment purposes, excluding fiat currencies and financial securities. The auditing firm advised businesses dealing with virtual assets to review their retrospective VAT positions and pay special attention to input tax recovery. UAE-based bookkeeping and tax company Finanshels highlighted that input VAT recovery allows registered businesses to claim back VAT paid on eligible business purchases. PwC also mentioned that correcting historic returns might require voluntary disclosures from virtual asset companies. In addition to VAT exemptions, the UAE has been enhancing its regulations on virtual assets. On September 9, Dubai’s Virtual Asset Regulatory Authority (VARA) and the Securities and Commodities Authority (SCA), the UAE’s federal financial agency, agreed to mutually supervise virtual asset service providers (VASPs). This agreement allows VASPs operating in Dubai to acquire a license from VARA and service the wider UAE by being registered with the SCA by default. Furthermore, VARA has tightened its rules on crypto marketing. On September 26, the regulator mandated that firms promoting digital asset investments include a prominent disclaimer stating that virtual assets may lose their value in full or in part and are subject to extreme volatility.

Amendments to the United Arab Emirates’ Value Added Tax (VAT) regulations will exempt the transfer and conversion of virtual assets, including cryptocurrencies. PwC said the new rules include VAT exemptions for additional services, including the management of investment funds and the transfer and conversion of virtual assets. Finanshels said input VAT refunds allow registered businesses to claim back VAT they have already paid on qualifying business purchases. (Cointelegraph)

1. Telegram launches the "Gifts" feature, limited edition gifts can be exchanged for NFTs based on the TON network; 2. Zhu Su: Sold TON at a loss and bought TRUMP; 3. Vitalik's marked address transferred a total of more than 13.2 billion ITOs to Uniswap and other addresses yesterday; 4. An address transferred 114,000 SUIs from Binance to purchase HIPPO; 5. The giant whale sent $27 million worth of WBTC to Amber Group; 6. 50 million USDT was transferred from an unknown wallet to Binance.

The UAE has exempted cryptocurrency transfers and conversions from value-added tax, positioning itself as a more crypto-friendly jurisdiction for digital asset transactions. source: https://cointelegraph.com/news/uae-exempts-crypto-transfers-conversions-from-vat?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

This week, 10 projects received funding, with the largest round of funding, SecondLive, receiving $12 million. LAYER raised $6 million in its seed round. Eight projects, including Yuanbi Technology, which issues the HKDR stablecoin, received other rounds of funding.

تواجه منصة “OpenSea”، أحد أكبر أسواق الرموز الغير قابلة للاستبدال NFT تحديات كبيرة، بما في ذلك تراجع العمليات التجارية والمشاكل التنظيمية والمالية، مما يثير تساؤلات حول مستقبلها. استقالة كبار الموظفين: على مدار الأشهر الأخيرة، استقال عدد من كبار الموظفين في OpenSea، مما زاد من الضغط على الشركة. من بين المستقيلين مؤخرا: “شيفا راجارامان“: الرئيس التنفيذي … source: https://arab-btc.net/opensea-employees-step-down/

شهد شهر سبتمبر 2024 أكثر من 20 عملية اختراق في قطاع العملات المشفرة، تسببت بخسائر ضخمة، وفقا لتقرير صادر عن شركة أمن البلوكشين “PeckShield”. بلغ إجمالي الخسائر الناتجة عن هذه الهجمات حوالي 120.23 مليون دولار أبرز الحوادث: منصة BingX: تعرضت منصة BingX لهجوم في 20 سبتمبر، أدى إلى خسائر تتراوح بين 44 مليون دولار و52 … source: https://arab-btc.net/crypto-hacks-in-september-2024/

Institutional demand for Bitcoin is surging, with U.S. Spot Bitcoin ETFs now holding 4.6% of the total supply, valued at approximately $58 billion. source: https://cryptodnes.bg/en/institutional-demand-for-bitcoin-soars-as-spot-etfs-approach-satoshis-holdings/

Bitcoin is following a past trend, which could soon result in a bull rally. source: https://ambcrypto.com/bitcoins-history-repeats-itself-why-a-bull-run-is-on-the-cards/

Iggy Azalea, the famous Australian rapper, songwriter, and model, is positioning herself as a global ambassador for cryptocurrency mass adoption. … Continue source: https://finbold.com/iggy-azalea-says-the-time-is-now-for-crypto-mass-adoption/

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, mining information, project dynamics, technological progress and other industry dynamics.

Recently, there have been rumors in the community that the HBO documentary that will premiere next week may reveal the true identity of Satoshi Nakamoto, the creator of Bitcoin.

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