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Japan Considers Stablecoin Tax Refunds for Foreign Tourists

Japan’s transport and tourism minister, Tatsunori Ibayashi, told a parliamentary committee on October 21 that the government would consider using stablecoins to refund consumption tax to foreign visitors. Nothing has been approved, but the remark links yen-backed tokens to a payment problem that begins on November 1, when tourists start paying tax up front. What […]

80% of XAO DAO’s XRP Treasury Set for Firelight Deployment

XAO DAO co-founder Santiago Velez announced that proposal 66 had passed, authorizing the decentralized autonomous organization to deploy 80% of its XRP treasury into Firelight, a DeFi protocol focused on decentralized insurance and yield. The decision would put a large share of the DAO’s XRP holdings to work in a strategy intended to generate returns […]

CZ Warns Crypto Users as Critical PHP Vulnerabilities Put Websites at Risk

Changpeng Zhao (CZ) is telling internet users to be extra careful on any website for the next few days, after two PHP vulnerabilities were patched on October 21 when their details leaked early. Because attackers need no login to exploit them, a site someone simply visits could become a route to stolen credentials or a […]

Report: Trump to Address Foreign Crypto Scams at White House Event

President Donald Trump will use a White House event on Wednesday to spotlight his administration’s efforts against foreign criminal networks that lure Americans into fraudulent crypto investments, a White House official told Reuters. His own family, meanwhile, is heavily involved in soliciting crypto investments. Cabinet Officials Set to Attend Scam Event Cybercrime prevention more broadly […]

Coinbase and HTX Among Six Crypto Platforms Facing Restrictions in Kazakhstan

Kazakhstan is moving to restrict access to six unlicensed crypto platforms after a court-backed action by the Astana Financial Services Authority (AFSA). On September 15, the Astana International Financial Center (AIFC) Court granted AFSA’s claims against the operators of BingX, Bitcoin.com, Huobi Global (HTX), BitMart, Coinbase and WEEX. Crypto Licensing Crackdown The order bars these […]

XRP and DOGE Look Undervalued by MVRV Measures, but Will Traders Take Notice?

The crypto market is back in the green on Wednesday, as several major assets have posted gains. According to Santiment, XRP and Dogecoin are showing potential buying opportunities. Historically Favorable Zones The latest 365-day Market Value to Realized Value (MVRV) data puts DOGE at around 0.74, which suggests that holders who bought over the past […]