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FinCEN Targets Crypto Mixers Over Laundering and National Security Concerns


The U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, this week proposed regulations aimed at increasing transparency around crypto mixing services. These services, the agency says, are used by terrorist organizations and state actors to obscure financial...

FTX Estate Proposes Recovery Plan With 90% Asset Return Expected 


The now-defunct FTX crypto exchange announced a proposed settlement plan this week that aims to resolve disputes over customer assets lost when the company filed for bankruptcy in November 2022. FTX Debtors Chart Path to Redress: 90% Asset Recovery Proposed in Bankruptcy Plan The FTX debtors’...

Coinbase Raises Concerns Over Proposed IRS Tax Regulations on Crypto


Coinbase, the largest cryptocurrency exchange, argues that the U.S. Internal Revenue Service (IRS) proposal regarding cryptocurrency tax regulations could potentially harm both the cryptocurrency industry and the privacy of American citizens.... Read More: Coinbase Raises Concerns Over Proposed...

Microsoft And Activision Just Revealed Their Biggest Weakness


If you haven’t heard the news already, Xbox finally closed its Activision Blizzard acquisition deal to the tune of $69 billion. With this move, Activision CEO Bobby Kotick is getting ousted at the beginning of the year, all while getting a golden parachute of $400 million. Well, at least the silver...

7 Senators Urge Treasury and IRS to Rapidly Implement Crypto Tax Reporting Rule


Seven U.S. senators have called on the Treasury Department and the Internal Revenue Service (IRS) to “implement the proposed crypto broker reporting rule as rapidly as possible.” The lawmakers stressed: “We are alarmed by the self-inflicted two-year delay for the rule’s implementation.” Senators...

Hong Kong Monetary Authority Advances e-HKD Tests, Mbridge Project


The Hong Kong Monetary Authority (HKMA) has recently completed a series of tests regarding the programmability of the e-HKD, the proposed Hong Kong central bank digital currency (CBDC). While still in its initial phases, the e-HKD presents “interesting” use cases, HKMA CEO Eddie...

Activision Blizzard Games Should Hit Game Pass In 2024


When speculation rife that Microsoft expects to finalize its purchase of Activision Blizzard this week, and COD: Modern Warfare III out in a month, it seems people have been wondering when Activision’s games will start appearing on Microsoft’s Game Pass. According to a tweet from Activision...

Argentine Peso Reaches Record Lows After National Digital Currency Push


The Argentine peso reached record lows Wednesday after the economy minister and presidential candidate Sergio Massa proposed issuing a national digital currency. The informal blue exchange rate rose to 850 pesos per dollar, later retracing to 843 pesos per greenback. Massa stated he would send...

SEC Delays Decisions on More Bitcoin ETFs Including That of Blackrock


U.S. Securities and Exchange Commission (SEC) has postponed its decisions on the spot bitcoin exchange-traded funds (ETFs) proposed by several companies. The delays of the applications of financial powerhouse Blackrock, asset manager Valkyrie and others come ahead of an expected government shutdown...

SEC Postpones Verdict on Ark 21shares and Global X Spot Bitcoin ETFs


The U.S. securities regulator recently announced a delay in its verdict on the Ark 21shares Bitcoin ETF. Consequently, the U.S. Securities and Exchange Commission (SEC) has marked January 10, 2024, as the decisive day to either greenlight or reject the proposed amendment. SEC Pushes Back Decision...

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