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South African Official: Common Currency Requires Central Bank, Threatens Monetary Policy Independence
26.8.2023
South Africa’s minister of finance has explained why he believes that no country is ready for a common currency, including a unified BRICS currency. “Setting up a common currency presupposes setting up a central bank, and that presupposes losing independence on monetary policies, and I don’t think...
Jackson Hole: Where Fed Policy Is Decided on the Fly
25.8.2023
Sweeping U.S. Tax Proposal Met With Boos From Crypto World
25.8.2023
An immediate burst of criticism from the crypto industry shows the U.S. Treasury Department’s new proposal on how to handle digital assets taxes will face a long road as it enters a months-long period of public comments and hearings
Celsius Token Holders Lose Bid to Hike CEL Valuation
25.8.2023
Creditors of the bankrupt crypto lender argue it should be valued at $0.80, its nominal price when the company collapsed, despite allegations of market manipulation
Bitcoin, Ethereum Technical Analysis: BTC Traders Jittery, as Federal Reserve Symposium in Jackson Hole Is Under Way
25.8.2023
Bitcoin marginally declined during Friday’s session, concurrent with the ongoing Federal Reserve symposium in Jackson Hole. The Chair of the Fed, Jerome Powell will be speaking at the annual meeting, and providing guidance on the upcoming policy decision. Ethereum also consolidated today....
U.S. Crypto Tax Proposal Lets Miners off the Hook, Snares ‘Some’ Decentralized Exchanges
25.8.2023
The U.S. Treasury Department has finally unveiled its definition of a "broker" for the crypto industry, defining how crypto companies and investors will need to meet tax reporting obligations and answering a years-old question over whether decentralized finance platforms and miners will need...
Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says
25.8.2023
A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets
Prime Trust Lost $8M in Doomed Terra Stablecoin Investment, CEO Says
25.8.2023
A separate 2021 wallet bungle by the crypto custodian, taken into receivership in July, cost it $76 million, the CEO said in a court filing
FTX, BlockFi's Customer Data Compromised in Kroll Hack
25.8.2023
A ‘cybersecurity incident’ affected Kroll, which gathers customer claim data on behalf of bankrupt companies
After GOP Debate, Blockchain Bettors See Ramaswamy as Most Formidable Trump Challenger
24.8.2023
Betting lines didn’t change much as a result of Wednesday’s debate, but the Bitcoin-friendly entrepreneur has edged out Florida governor Ron Desantis this past week in the GOP’s race for second place
Sam Bankman-Fried’s Lawyers Given Green Light for Unlimited Prison Visits
24.8.2023
The FTX founder's lawyers will visit him in prison to prepare their defense after a judge denied Bankman-Fried’s request to have daily meetings at his lawyers’ Manhattan office
UK’s Travel Rule Troubles Showcase Global Challenge for Crypto
24.8.2023
Crypto firms in the U.K. have just days to comply with new money laundering guidelines – but they are seeking more guidance given patchy implementation of the rule between jurisdictions
FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions
24.8.2023
The bankrupt exchange wants to return funds to creditors in dollars without denting value
Bitstamp to Stop Ether Staking in U.S. Amid Regulatory Scrutiny
24.8.2023
The Luxembourg-based exchange said that all other services will remain unaffected
Russian President Putin to BRICS Leaders: Irreversible Process of De-Dollarization Gaining Steam
24.8.2023
Russian President Vladimir Putin said at the BRICS summit that “A balanced, irreversible process of de-dollarization of our economic ties is gaining steam.” The Russian leader stressed: “We oppose hegemonies of any kind and the exceptional status that some countries aspire to, as well as the...
FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Day
23.8.2023
Creditors are lamenting the rapid drain of cash from the global exchange’s bankruptcy as the process stretches over more months
Tornado Cash Devs Arrested for Allegedly Helping North Korean Hackers Launder $1B
23.8.2023
Tornado Cash developers Roman Storm and Roman Semenov were arrested and charged with money laundering and sanctions violations tied to their work with the privacy mixer which "facilitated more than $1 billion in money laundering" for North Korea's Lazarus Group
FTX Founder Sam Bankman-Fried Intends to Blame Fenwick & West Lawyers in His Defense
23.8.2023
Sam Bankman-Fried appeared in court Tuesday to plead not guilty to latest indictment
Australia's CBDC Likely Some Years Away, Central Bank Says
23.8.2023
Australia will not be making any decision on a central bank digital currency (CBDC) for some years due to several unresolved issues
Ex-OpenSea Executive Nate Chastain Gets 3 Months in Prison for Insider Trading
22.8.2023
Nate Chastain, the former head of product at NFT platform OpenSea, has received a three month prison sentence for making tens of thousands of dollars worth of insider trades during his tenure at the NFT company