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Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance
1.8.2023
The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take possession of the staking reward. IRS Clarifies...
Report: SEC Asked Coinbase to Delist All Crypto Assets Except Bitcoin Prior to Filing Lawsuit
31.7.2023
According to Brian Armstrong, the CEO of crypto exchange Coinbase, the U.S. securities regulator reportedly told his company to delist all digital assets save for bitcoin. Armstrong said acceding to the SEC’s demand would have “meant the end of the crypto industry in the U.S.”...
Japan Blockchain Association Urges Tokyo to Overhaul Crypto Tax System
31.7.2023
An industry organization in Japan has suggested that the government should reform taxation rules for crypto assets and transactions. Its members are convinced that the current tax regulations hinder growth of the Web3 economy in the country and discourage taxpayers from holding and using...
Ethereum Liquid Staking Sees 270,000 ETH Influx in 2 Weeks
30.7.2023
Recent statistics reveal that in the past fortnight, about 270,000 units of ethereum (ETH) were deposited into liquid staking derivative protocols. Currently, these decentralized finance (defi) staking platforms hold an estimated 10.65 million ether locked within their systems. Ethereum Liquid...
US House Committee Passes ‘Keep Your Coins Act’ to Protect Right to Self-Custody Crypto
30.7.2023
The U.S. House Committee on Financial Services has passed the Keep Your Coins Act of 2023 to protect the self-custody of crypto. “Those attacking self-custody oppose individual freedom. They want someone they control to control your assets,” said Congressman Warren Davidson who introduced the bill....
Crypto Whales are Accumulating This New Web3 Coin Before It Lists on Exchanges – What Do They Know?
29.7.2023
In the burgeoning web3 industry, crypto-startup Launchpad XYZ is carving a unique niche. Not content to merely offer trading services, the company is bolstering its platform with educational resources, crypto presales analysis, and heightened security measures. ...
Read More: Crypto Whales...
69% of Meme Coin Investors Buy for Fun — Study Delves Into Investor Sentiments on Meme Coins
28.7.2023
A new study conducted in May 2023 sought to uncover insights, perspectives, and outlooks on meme coins from crypto investors around the world. The online survey of 1,503 participants aimed to gauge meme coins’ potential in the cryptocurrency market. It revealed several findings about investor...
Binance Withdraws Its Crypto License Application in Germany
28.7.2023
The world’s largest exchange for digital assets, Binance, has withdrawn its application for a German crypto custody license. The trading platform made it clear it’s not giving up on plans to eventually obtain authorization from the Federal Republic but wants its submission to better reflect...
The ACI is excited to announce the 2nd Annual Forum on Digital Assets Compliance
28.7.2023
With intensified scrutiny from key regulators, including OFAC, FinCen, DFS, DOJ, SEC, and CFTC, the importance of industry-wide cooperation is key. In response to these recent changes, ACI is proud to announce the 2nd Annual Forum on Digital Assets Compliance: AML, Sanctions and Regulatory...
Canadian Regulator Proposes Changes to Its ‘Capital and Liquidity Approach to Crypto-Assets’
28.7.2023
The regulator of financial institutions in Canada said on July 26 that it had started the process of gathering the public’s view on proposals to change its “capital and liquidity approach to crypto-assets.” The draft guidelines are a response to the Basel Committee on Banking...
Tokenization News Roundup: Avalanche Invests $50M in RWA
27.7.2023
Competition among blockchains to grab some of the RWA market, new lending pool from Credix that supports Colombian farmer, the first-ever tokenization under Spain’s new laws, how the U.K’s regulations may lead to the country becoming a tokenization hub, and more for the week ending July 27, 2023
Asset Tokenization in Europe Gets a Boost With Securitize's Landmark Tokenized Equity Issuance
27.7.2023
The firm started issuing tokens representing equity in a Spanish real estate investment trust under Spain’s new digital asset supervision
Securitize issues tokenized assets in Spain, plans September trading start
27.7.2023
The U.S.-based trading platform is set to become the first to issue and trade tokenized assets in both the U.S. and the EU, and will operate under the new DLT pilot regime
Binance to Restore Full Services in Japan in August, CZ Unveils
27.7.2023
Cryptocurrency exchange Binance will start offering full services in Japan next month, founder Changpeng Zhao (CZ) announced. The leading trading venue for digital assets reenters the Japanese market with a domestic exchange after announcing earlier it was discontinuing services through its global...
Private Banking Firm With $14B Assets Starts First Crypto Fund of Spain
26.7.2023
The fund will be accessible to professional investors only and will be audited by PwC
Mintlayer founder says DeFi needs real-world assets; Here’s how InQubeta fixes this problem
26.7.2023
In the burgeoning world of Decentralized Finance (DeFi), there are still hurdles to clear on the path to global adoption. According to Enrico Rubboli, the CEO of Mintlayer, a layer 2 solution built on the Bitcoin blockchain, one such roadblock is the lack of integration with real-world assets....
CFTC Files Complaint Against Clarksville Couple for $6 Million Digital Assets Scheme
26.7.2023
The Commodity Futures Trading Commission (CFTC) has filed a complaint against a couple in Tennessee who convinced people to pay into an investment pool called “Blessings of God Thru Crypto.”
The couple, identified as Michael and Amanda Griffis of Clarksville, Tennessee, defrauded more than...
Italy’s Central Bank Taps Polygon, Fireblocks DeFi Project to Help Institutions Dabble With Tokenized Assets
26.7.2023
The initiative aims to help Italian banks, asset managers and financial institutions, including the $1 trillion banking group Intesa Sanpaolo, experiment with decentralized finance and security tokens
Crypto Lender Credix Brings Additional Private Credit Pool on Solana With 11% Yield
26.7.2023
Decentralized finance platform Credix opens a trade receivables lending pool with Solana Foundation among investors
Putin legalizes digital rubles and bans digital assets!
26.7.2023
In a groundbreaking development, President Vladimir Putin of Russia signed a law bill completely banning the utilization of digital financial assets, such as cryptocurrencies, for conducting transactions related to goods and services. This decisive bill, introduced in June and swiftly approved...