Coinbase VP Warns Taxing DeFi is Impractical
Tax vice president at US leading crypto exchange Coinbase, Lawrence Zlatkin, warned that implementing the proposal to change the taxation rule targeting decentralized finance is...
Banks Must Disclose Crypto Holdings, Says Basel Committee
Basel Committee for international banking supervision is part of the Bank of International Settlement comprising 45 members from 28 nations. The committee has recently issued...
FTX Creditors Set for $9B Disbursement by Mid-2024
The bankrupt crypto exchange FTX unveiled a revised plan to return over 90% of creditors' claims. A recent pronouncement by the chief restructuring executive John...
Australian Treasury Set to Regulate Crypto Exchanges, Makes Operating License Mandatory
The Australian Treasury has, in a recent consultation paper, obligates crypto exchanges to obtain financial services licensing from the local regulator. The Monday, October 16...
Binance Crypto Exchange Halts Registering New UK Customers
The world's largest crypto exchange, Binance, continues to battle regulatory woes in the UK market, forcing it to halt onboarding new British users. Binance issued...
Venezuela’s Suited to ‘Special Crypto Utility’ Amidst Hyperinflation
Venezuela is moving to a ‘de-facto dollarization economy,’ thus contradicting cryptocurrency supporters’ claims. Owing to authoritarianism and hyperinflation, Venezuela has regularly been placed in a...
Elliptic Alleges Russian Actors’ Likely Involvement in $477M FTX Hack
Most of the funds taken from the insolvent exchange have been blended with those of Russian offenders. Elliptic, a blockchain surveillance company, claims there is...
‘Crypto Aid Israel’ Introduced to Generate Funds Amid Gaza War
The organization intends to generate funds for affected Israelis since the war began in the area on Saturday. Additionally, Gazans are raising cryptocurrency. Amid the...
Brazil’s Congressional Committee Accuses Binance of Running Financial Pyramid Scheme
Binance exchange is facing issues in Brazil. The Congressional Committee of Brazil has retained that Binance has participated in a pyramid scheme and has been...
SEC Contend Coinbase Case Argument that Crypto Lacks’ Innate or Inherent Value’
In its argument to a federal judge, Wall Street's top cop emphasized the need to disregard a summary judgment request in its complaint. Concerning the...