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Former Coinbase Manager Pleads Not Guilty To Wire Fraud Charges


In what is described as the first insider trading case related to crypto in the US, a former product manager at major exchange Coinbase and his brother have pleaded not guilty to wire fraud charges.  The defense is based on the assumption that cryptoassets are not securities or commodities,...

USD 6.8B Pension Fund to Invest in Crypto Lending Market


Indicating that some major financial players have not been scared away from cryptoassets by the ongoing market downturn, the Fairfax County Retirement Systems, a US pension fund with assets totaling USD 6.8bn, has unveiled it is looking to invest in crypto lending markets to ramp up...

Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies


South Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting from crypto investment and trading, authorities in Seoul claim cryptocurrencies have been...

Majority of NFT Collections Reinvest Ethereum Back Into System - Nansen


In the first half of 2022, market participants spent ETH 963,227, worth about USD 2.7bn, on non-fungible token (NFT) minting on the Ethereum blockchain, with 50.7% of the raised crypto staying with NFT projects, and the remainder circulated to non-entity wallets, according to a report by blockchain...

Did Tesla Make Profit on its Bitcoin Investment?


The electric car maker Tesla sold off 75% of its bitcoin (BTC) holding for “a realized gain” in the second quarter, prompting speculations on how this investment went for the company. The sale is believed to have been made at a price of around USD 29,000, higher than the lows seen during...

XRP Fans Celebrate as Ripple Co-Founder Finally Dumps Remaining Tokens


Jed McCaleb, the co-founder and ex-Chief Technical Officer of fintech firm Ripple, appears to have finished his infamous dumping of XRP tokens in the market, with a wallet he controls now showing a balance of just XRP 47.7, or just over 17 US dollars. Per data from the blockchain explorer...

Following Terra’s Lehman Moment, What’s Next for the Market?


Adi Ben-Ari is the Founder and CEO of data security specialist Applied Blockchain.  __________ The collapse of TerraUSD and Luna in May, and the associated tailspin in the crypto market, have prompted observers from both within the decentralized finance (DeFi) space and externally to ask the...

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