USDT may leave the market, HTC launches Exodus 1, People Capital partners Xunlei Limited, Ukraine proposes tax breaks, RSPP asks for crypto regulation, Wirex introduces prepaid cards to the US, Coinbase can offer crypto custodial services in NY
- The latest theory suggests that Tether is staging an exit from the stablecoin market while withdrawing the USDT tokens at a profit. Bitfinex exchange is sending a massive quantity of USDT tokens back to Tether treasury.
- HTC has launched a smartphone, called Exodus 1, that can be bought only with BTC or ETH. It is blockchain-integrated and features a cryptocurrency wallet built into a secure enclave of the device.
- People Capital, the largest Chinese newspaper, has signed an agreement with Xunlei Limited to use the blockchain technology for innovation and to empower the Chinese economy and the world at large.
- A draft bill introducing tax breaks for entrepreneurs and companies dealing with cryptocurrencies has been filed in Ukraine’s parliament. Tax exemptions are supposed to last until the end of 2029.
- A lobby group of the Russian Union of Industrialists and Entrepreneurs (RSPP) has recently sent its proposals for crypto regulation to country’s prime minister Dmitry Medvedev. The head of RSPP Alexander Shokhin criticizes the current legislation as it will force Russian startups to move to other jurisdictions abroad.
- Wirex, together with i2c, a payments processing company, announced the launch of the first cryptocurrency prepaid cards in the US. The cards were initially available in Europe
- The New York State Department of Financial Services (DFS) has recently approved Coinbase Custody as a limited purpose trust company, which allows them to offer cryptocurrency custodial services in the state.
- BTC is trading at the price of $6,507, ETH slightly increases to $204.26 at the moment of writing.