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Crypto asset investment in Latvia declines by 50% over past year, per central bank
4.8.2023
According to Latvijas Banka, 4% of the population bought crypto assets in February, down from 8% in 2022, while payments “continue to prevail.”
Canadian Digital Asset Ownership Plummets Amid Global Regulatory Uncertainty: Bank Of Canada
4.8.2023
Cryptocurrency ownership in Canada declined in 2022 due to a plethora of factors including uncertainty in regulation, fear of digital asset scams, and unfavorable market conditions.
A new survey, the Bitcoin Omnibus Survey (BTCOS) by the Bank of Canada highlights the trend of digital assets...
Hong Kong Lawmaker to Explore Digital Asset Link With Mainland China
4.8.2023
Johnny Ng floated the possibility of licensed Hong Kong exchanges being connected with Shanghai's exchanges
Crypto Assets Held in Self-Custody Wallets Have ‘a Non-Zero Chance’ of Getting Stolen — Fairside Network CEO
4.8.2023
According to Brandon Brown, the co-founder and CEO of Fairside Network, self-custody crypto wallets generally lack inbuilt insurance coverage to protect against theft or loss. Brown attributes this to the challenges encountered when assessing digital asset risks as well as “the absence...
Blackberry Cybersecurity Division Identifies Top Crypto Malware Amid Soaring Digital Asset Attacks
3.8.2023
The cybersecurity division of Blackberry, a former smartphone giant, has highlighted the most notorious malware families targeting cryptocurrencies.
In a ‘Global Threat Intelligence Report’ published Thursday, between March and May, Blackberry stopped over 1.5 million cyberattacks, that hit...
European digital asset manager CoinShares’ revenue up 33% in Q2
1.8.2023
Proprietary trading activities contributed heavily to the revenue increase
Toyota GR Cup will award digital trophies on Polygon blockchain to race winners
1.8.2023
Toyota continues its ongoing exploration into integrating blockchain technology within its corporate and developmental ecosystems
Ukraine Mandates Digital Asset Firms To Disclose Financials As Wider Regulation Looms
1.8.2023
The National Bank of Ukraine (NBU) has requested local cryptocurrency firms to file details of their financials, raising concerns over new regulatory measures.
The bank demanded at least four virtual asset firms including Kuna, CoinPay, Geo Pay, and Qmall to provide financial documents alongside...
Digital Asset Investors Should Report Crypto Staking Rewards as Taxable Income: IRS
1.8.2023
The US Internal Revenue Service (IRS) has outlined the latest tax guidance that classifies earnings from crypto staking as taxable income.
Per the Revenue Ruling of 2023-14, issued Monday by the IRS, crypto investors must report rewards earned from staking digital assets as gross income, in...
Deloitte Partners with Chainalysis to Enhance Digital Asset Tracking and Investigations
30.7.2023
Accounting giant Deloitte has partnered with blockchain security firm Chainalysis to enhance digital asset tracking and investigations.
In a recent blog post, Chainalysis said the collaboration will allow them to assist their mutual clients in addressing compliance challenges in the digital asset...
LBank Exchange Will List DBear Coin (DBC) on July 31, 2023
30.7.2023
PRESS RELEASE. Road Town, BVI, July 30, 2023 – LBank Exchange, a global digital asset trading platform, will list DBear Coin (DBC) on July 31, 2023. For all users of LBank Exchange, the DBC/USDT trading pair will be officially available for trading at 6:00 UTC on July 31, 2023. DBear Coin...
Crypto․com Granted Registration Approval in the Netherlands
30.7.2023
Digital asset exchange Crypto․com has been approved for registration as a crypto service provider in the Netherlands. The regulatory nod comes after a review of its business operations and compliance with the Dutch anti-money laundering legislation, the company pointed out. Trading Platform...
US Lawmakers Advance ‘FIT for the 21st Century Act’ to Establish Crypto Framework
29.7.2023
U.S. lawmakers have advanced the Financial Innovation and Technology (FIT) for the 21st Century Act that establishes a regulatory framework for the crypto market. “Our bill establishes clear principles to ensure financial security and certainty as digital asset developers continue to innovate,”...
SEC chief accountant warns accountants about liabilities when auditing crypto firms
27.7.2023
Paul Munter says making or allowing misleading statements can have serious consequences for accounting forms and individual accountants
'Pro crypto bill' passes out of US House Agriculture Committee
27.7.2023
The Republican bill, dubbed FIT for the 21st Century, was drafted by two House committees and passed after strenuous preparations by members of both parties
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
South Korea strengthens crypto regulation with LEI adoption and crime unit
26.7.2023
The decision was driven by the country's concern over illicit activities in the crypto market and the desire to safeguard investors
Ripple vs. SEC — Respite for a Beleaguered Industry
25.7.2023
On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities and Exchange Commission (SEC) against the payment settlement system and currency exchange, Ripple Labs, Inc. (Ripple). District Judge Analisa...
US crypto's future could fall on these 4 digital asset bills
25.7.2023
The crypto bills could hand power to the purportedly more crypto-friendly CFTC and better define the SEC’s jurisdiction
Crypto investors cool on Bitcoin funds, turning to Ether and XRP
25.7.2023
Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill