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Canada Unveils New Bank Capital Rules for Crypto Holdings
26.7.2023
New rules for banks and insurers are based on international norms, regulators said
Tesla’s Bitcoin Portfolio Remains Unchanged at $184M for Third Straight Quarter: Q2 2023 Report
20.7.2023
Tesla’s Q2 2023 Update reveals that the American electric car and clean energy company refrained from selling any of its bitcoin (BTC) or cryptocurrency holdings in the previous quarter. For the past three quarters, Tesla has maintained a digital asset portfolio worth approximately $184...
Chainlink’s LINK Climbs as Whales Add to Holdings Following Protocol Release
20.7.2023
The CCIP protocol is designed to help build cross-chain applications and services and went live for early access users on the Avalanche, Ethereum, Optimism and Polygon blockchains this week
Tesla’s diamond hands: EV maker's Bitcoin holdings see no change in Q2
20.7.2023
After purchasing $1.5 billion worth of Bitcoin in 2021, Tesla sold 75% of it in 2022 and is now hanging onto its remaining $184 million Bitcoin stash
Metaverse Startup Futureverse Raises $54M Series A From 10T Holdings, Ripple Labs: Bloomberg
18.7.2023
Futureverse formed out of the merger of eight companies in late 2022, with three more assimilated subsequently
Trump Reveals NFT Income, Crypto Holdings in New Disclosure
15.7.2023
Former U.S. President Donald Trump gave a more detailed account of his finances including proceeds from his non-fungible token (NFT) collection. The cryptocurrency balance of an Ethereum wallet has also been declared as part of $1 billion in income received from various sources. Donald Trump...
NYC Mayor Eric Adams To Amend Financial Disclosure After He Failed to List off BTC, ETH Holdings
14.7.2023
New York City crypto-friendly mayor Eric Adams has mistakenly responded “no” to whether he held any securities including cryptocurrencies, in his annual financial disclosure form.
A spokesperson for the mayor told Daily News on July 13, that the mayor will amend his financial disclosure form...
Binance US Reacts to Bitcoin Cash FUD, Assures Users Their Funds Are Safe
13.7.2023
Binance’s U.S. platform has rejected rumors regarding its bitcoin cash (BCH) reserves, reassuring customers that their funds are safe. On Sunday, the exchange restored BCH withdrawals after a brief suspension attributed to a technical issue with the automated system managing deposit flows....
South Korea To Require Firms To Disclose Crypto Holdings Starting 2024
12.7.2023
South Korean firms that hold or issue cryptocurrencies will be required to disclose information about their transactions to the financial regulator starting next year.
The Financial Services Commission (FSC) of South Korea announced Tuesday that domestic companies that engage with crypto will have...
South Korea to ask firms to disclose crypto holdings from 2024
12.7.2023
After initially mandating public officials to declare their crypto, the South Korean authorities now want all local firms to disclose such holdings
South Korea Wants Companies to Disclose Crypto Holdings
12.7.2023
Companies that issue or own crypto will have to make disclosures in their financial statements from next year onwards, say draft rules
Central Banks Reduce US Dollar Holdings, Plan to Increase Chinese Yuan Exposure, Study Shows
11.7.2023
A study by a $1.5 trillion asset management firm has revealed that central banks are reducing their U.S. dollar holdings while seeking to increase Chinese yuan holdings. “Central banks are diversifying currency holdings, stirred by geopolitical uncertainties and attractive opportunities...
Democratic Presidential Candidate Robert Kennedy Jr Holds Up to $250,000 in Bitcoin, Records Show
9.7.2023
According to a report published on Friday, Robert F. Kennedy Jr., a Democratic presidential candidate, holds between $100,000 and $250,000 in bitcoin (BTC). The holdings contradict his statements at the Bitcoin 2023 conference in May, where Kennedy claimed he was not an investor. Kennedy’s...
Saxo Bank Ordered to Liquidate Its Portfolio of Crypto Assets by Danish Financial Regulator
6.7.2023
According to a July 4, 2023 press release from the Danish Financial Supervisory Authority, Denmark’s Saxo Bank has been instructed to liquidate its holdings of cryptocurrency assets. The financial regulator maintains that Saxo Bank’s portfolio of crypto assets falls “outside...
Denmark orders Saxo Bank to erase cryptocurrency holdings
5.7.2023
DFSA's decision about Saxo Bank's crypto holdings will have a "very limited impact" on its business and its customers will not experience any significant changes, the lender said
Denmark's Financial Watchdog Orders Saxo Bank to Shed Its Crypto Holdings
5.7.2023
Danish bank Saxo has been ordered by Denmark's financial regulator to shed its own holdings of cryptoassets
Voyager Digital’s Bankruptcy Battle Racks Up Millions in Legal Expenses
4.7.2023
A recent court filing from the now-insolvent Voyager Digital Holdings and its creditor committee revealed that legal expenses amounting to $16.5 million have accumulated from July 22, 2022, through May 18, 2023. The records indicate that between March and May 2023, roughly $5.17 million in legal...
UK Finance: Digital Pound Holdings Should Be Limited to £5,000 to Avoid Panic
4.7.2023
U.K. Finance, one of the largest finance membership organizations in the U.K., has issued its recommendations to the Bank of England regarding the issuance of a digital pound. The organization stated that individual holdings of the proposed central bank digital currency (CBDC) should be capped...
Slovakia to Lower Tax on Income From Crypto Holdings
1.7.2023
Lawmakers in Slovakia have adopted legislation that will reduce the tax burden for cryptocurrency holders in the country. Income derived from long-term investments in digital assets will also be relieved from healthcare taxes, the parliamentarians decided. Investors in Slovakia to Pay 7% Tax...
Haru Invest Fallout: South African Crypto Platform Says Customers Can Only Access 76% of Crypto Holdings
30.6.2023
The South African crypto platform, Revix, said on June 28 that customers can now only access just over three-quarters (76%) of their crypto assets. Revix said the move to block customers’ access to 24% of their crypto assets was made after one of its primary service providers Haru Invest...