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The parliament of the Czech Republic has given the green light to new legislation that will exempt those who hold bitcoins and other crypto assets for more than three years from capital gains tax. The law, approved unanimously on December 6, will be effective from January 1, 2025, marking an important advance in the tax treatment of cryptocurrencies in the country.
According to local media Parlamentní Listy, the law establishes two main conditions to benefit from the tax exemption. Gross annual revenue from cryptoasset transactions must not exceed 100,000 CZK (approximately $4,000). Digital assets must be held for at least three years before being sold.
These provisions seek to encourage the adoption of long-term investment strategies in the crypto ecosystem. Additionally, the law includes retroactive application in some cases, allowing assets acquired before 2025 to also qualify for the exemption, as long as the conditions are met in subsequent tax years.
Aethir, Beam and MetaStreet Launch TACOM: A $40M Initiative for Cryptocurrency-Based AI Computing
Aethir, Beam and MetaStreet have announced a collaboration that will bring to life the Tactical Compute (TACOM) project. With an initial investment of $40 million, this initiative seeks to establish an innovative framework for GPU allocation using blockchain technology and a decentralized approach.
Aethir, known for its “GPU-as-a-Service” business model, takes the lead in this ambitious project. According to Daniel Wang, CEO of Aethir, “TACOM will help address the growing demand for computing power in AI and blockchain. “With Aethir’s decentralized GPU network at its core, this initiative positions us to unlock new opportunities in monetizing compute resources and providing the infrastructure needed for the next wave of technological advancements.”
TACOM’s goal is to merge the economics of AI computing with the native principles of cryptocurrency. Through tokenization, the aim is to efficiently redistribute GPU resources.
Aethir will be in charge of providing the necessary hardware. While MetaStreet will develop decentralized financial (DeFi) tools to unlock liquidity. Beam, for its part, will contribute strategic financial support, something that has already generated an increase in the value of its token after the announcement.
Coffeezilla calls for transparency in Hailey Welch’s HAWK memecoin case
YouTube researcher Stephen Findeisen, known as “Coffeezilla,” has criticized the spread of misinformation and exaggerated headlines related to the controversial launch of the HAWK memecoin, promoted by viral influencer Hailey Welch, aka “Hawk Tuah.”
The launch of the HAWK memecoin on December 5 sparked controversy when the token, after an initial surge, quickly collapsed. Social networks exploded with accusations of manipulations, “sniping” and alleged internal wallets that would have sold tokens in advance.
Can yall stop these insane headlines.
She didn’t rug for 500M and she didn’t profit $50M. FFS.
1. The team sold a few million to “strategic advisors” who sold early.
2. The token got sniped.
3. LP made >$1m on 15% fees according to the meteora tracker. https://t.co/drp6RlGog0
— Coffeezilla (@coffeebreak_YT) December 6, 2024
According to Coffeezilla, the team behind HAWK would have sold “a few million” in tokens to strategic advisors, who liquidated them before the crash. However, he stressed that the exact profit figure remains uncertain.
Pump.fun Targeted by FCA: UK Warning Against Memecoin Platform
The UK Financial Conduct Authority (FCA) has issued a warning against Pump.fun, a Solana-based memecoin launch platform, noting that it operates without authorization to offer its financial services in the country. The warning, published on December 3, warns citizens about the possible risks of interacting with this company.
According to the regulator’s statement, Pump.fun “could be targeting people in the United Kingdom” without complying with legal requirements. The FCA warned:
«This company could be offering or promoting financial services or products without our permission. You should avoid dealing with this company and beware of scams.”
The FCA also highlighted that companies offering cryptocurrency-related services in the UK are required to register under anti-money laundering rules. Should British customers use Pump.fun’s services, they could be left unprotected and face difficulties in getting their money back if something goes wrong.
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