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Report: Thai Govt to Grant Tax Waivers to Issuers of Digital Asset Investment Tokens
10.3.2023
Thailand’s government has said companies that issue digital tokens will receive a waiver that exempts them from paying corporate and value-added tax. According to a report, the Thai government anticipates losing just over $1 billion in tax revenue as a result of the waiver. Relaxation of...
Blockchain.com Announces Closure of Crypto Asset Management Arm in London Following Market Challenges
10.3.2023
Major crypto platform Blockchain.com is closing its London-based crypto asset management arm less than a year after its launch.
Ongoing market challenges - including price crash(es), exposures to collapsed companies, legal woes, and regulatory scrutiny - have had a significant impact on the entire...
Biden budget proposes 30% tax on crypto mining electricity usage
9.3.2023
The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources
Blockchain.com suspends its asset management subsidiary launched in April: Report
9.3.2023
The timing of opening the subsidiary was unfortunate, a spokesperson noted to Bloomberg, although the company held up to the crypto winter for quite a while
US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution
9.3.2023
According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR audits. PCAOB Calls for Investor Caution and...
Blockchain.com to Suspend Operations of Asset Management Arm: Bloomberg
9.3.2023
Crypto financial services company Blockchain.com is suspending operations of its recently-launched asset management arm, citing the prolonged crypto winter as the reason for its decision, according to a Bloomberg report
House Republicans directly criticize Biden administration for digital asset policies
9.3.2023
"Because of actions taken by this Administration, the United States is at risk of pushing the digital asset ecosystem overseas,” said Republican Financial Services Committee members
Digital Asset Inflows Will Slow Without On-Ramps Between Fiat and Crypto: Morgan Stanley
9.3.2023
Following the closure of crypto-friendly bank Silvergate, the focus will be on actions by Signature Bank and crypto exchange Binance, the report said
Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist
8.3.2023
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details...
CFTC continues to explore digital asset policy considerations in MRAC meeting
8.3.2023
Commissioner Kristin Johnson said in prepared remarks that the U.S. digital economy was "witnessing the deployment of Web 3.0"
It’s not the end of crypto: EU asset manager gives 5 reasons why
8.3.2023
Despite Bitcoin failing as an inflation hedge in 2022 and 2021, its limited supply may still attract more attention if inflation remains above the central banks’ targets
Crypto Seen as Investment Opportunity in the MENA Region Says Iceberg Capital Executive Chairman
7.3.2023
While interest in digital assets has waned in some parts of the world, in the Middle East and Northern Africa adoption of crypto has been skyrocketing according to Mustafa Kheriba, the executive chairman of the asset management firm Iceberg Capital Limited. According to Kheriba, factors such...
'Home' regulator could solve crypto's 'fragmented supervision' issue: Comptroller
7.3.2023
During a speech at a banking conference in DC, acting comptroller Michael Hsu said FTX was an example of why a "consolidated home country supervisor" is needed
Hermès asks court to halt sales of MetaBirkin NFTs following recent jury decision
6.3.2023
The court filing from Hermès on Friday stated that Rothschild had continued to promote his NFTs even after a nine-member jury found Rothschild liable for trademark infringement, trademark dilution, and “cybersquatting.”
Troubled Crypto Lender Babel Finance Eyes Restructuring with Stable Asset Project – How Does it Work?
6.3.2023
The troubled crypto lending firm Babel Finance is working on a new plan to raise money through a crypto-backed stablecoin.
The new stablecoin that is being proposed is called Babel Recovery Coin. The plan is for the coin to maintain a $1 price in the market through a system of trading incentives...
While Bitcoin’s Hashrate Remains Sky-High, Merge-Mined Crypto Asset Networks Benefit
6.3.2023
In recent times, Bitcoin’s hashrate has been consistently above 300 exahash per second (EH/s) as multiple mining pools dedicate significant hashpower to the Bitcoin blockchain today. Interestingly, some of the world’s top bitcoin mining pools are also using their hashrate...
Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations
6.3.2023
It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the announcement, BUSD was once a top-ten crypto asset. However, the top ten cryptocurrencies by market valuation have changed since...
Digital Assets Under Management 5.25% Higher in February — Grayscale Still ‘Most Dominant Player’
4.3.2023
The value of digital assets under management (AUM) for digital asset investment products in February rose to $28.3 billion, the highest number recorded since May 2022, according to Cryptocompare stats. The increase came against the background of rising U.S. Securities and Exchange Commission (SEC)...
Coinbase Acquires One River Digital to Expand Institutional Access to Crypto Assets
4.3.2023
Cryptocurrency exchange Coinbase has acquired One River Digital Asset Management, an institutional digital asset manager and registered investment adviser with the Securities and Exchange Commission (SEC). This acquisition allows Coinbase “to expand institutional access to digital...
Coinbase announces acquisition of One River Digital Asset Management
3.3.2023
As part of the acquisition, Coinbase said One River Digital’s team would join the exchange and CEO Eric Peters would stay to lead the firm under the name Coinbase Asset Management