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Tax Authorities in EU to Share Transaction Data Reported by Crypto Firms
19.10.2023
New EU rules will introduce automated exchange of information on crypto revenues reported by service providers in the sector. A new directive adopted by the Union expands existing registration and reporting obligations as well as cooperation between tax administrations across the bloc. Information...
India’s Central Bank RBI Launches CBDC Pilot in Call Money Market
14.10.2023
India’s central bank, the Reserve Bank of India (RBI), has initiated a pilot for a second use case of its wholesale central bank digital currency (CBDC), focusing on the call money market. The Indian central bank reportedly plans to expand its e-rupee testing to cover the entire wholesale...
B2BinPay v17 Update – the Next Step for Crypto Payment Solutions
7.9.2023
The B2BinPay team has just announced the release of B2BinPay v17, a substantial update that polishes and perfects the crypto payment experience. As one of the industry leaders, B2BinPay has been a global go-to facilitator for crypto transactions. B2BinPay’s crypto solutions are celebrated...
Powell: More Rate Hikes May Be Needed to Curb Inflation
25.8.2023
The chairman of the U.S. Federal Reserve, Jerome Powell, warned on Friday that inflation remains too high and signaled the central bank may continue raising interest rates to get it under control. In remarks at the Jackson Hole symposium, Powell acknowledged recent progress in lowering inflation...
Decentralized Insurance Alternative Nexus Mutual Provides Cover to UK Shopkeepers
8.8.2023
A partnership with InShare sees Nexus adding some of its $274 million on-chain capacity to the retail mutual insurer comprising over 5,000 shopkeepers and small retail businesses
Dormant $30 Million Bitcoin Cache Roused After 11 Years: 8 Sleeping Wallets From 2012 Stirred to Life in July
23.7.2023
Under the cover of darkness early Saturday morning, July 22, 2023, precisely at 12:51 a.m. UTC, a former dormant bitcoin address, home to 1,037.42 BTC—valued at $30 million—stirred to life for the first time since 2012. Long-dormant Bitcoin Address Springs to Life, Moving $30 Million...
Crypto Insurer Evertas Buys Bitcoin Mining Cover Specialist Bitsure
18.7.2023
Evertas has snagged the authority to offer mining policy limits of up to $200 million per location
Mark Cuban Says SEC Makes Mistakes in Crypto Regulation, Calls Regulator ‘Arrogant’
5.7.2023
Mark Cuban, a Shark Tank star and owner of the NBA team Dallas Mavericks, has slammed the U.S. Securities and Exchange Commission (SEC) for taking a wrong approach to regulating the crypto industry. “The SEC is not infallible. It makes mistakes,” the billionaire stressed, adding that if the SEC...
Chatgpt Accounts Found on Darknet, North Korean Analyst on Dollar Dominance, BCH Hashrate Rises With Price, and More — Week in Review
2.7.2023
It’s been an action-packed week in the world of finance and crypto, and moving into July, there’s a lot to cover to get up to speed: compromised Chatgpt accounts being sold on darknet markets, Bitcoin Cash’s hashrate shooting upward with the BCH price, a North Korean analyst...
FTX has recovered $7B in assets so far, has almost $2B to go to cover misappropriations
26.6.2023
Tracing funds is highly challenging, according to the FTX Debtors’ second interim report, and there is no doubt that that was by design
Bored Ape Yacht Club’s Market Reign Crumbles as Rivals Take Center Stage
24.6.2023
The Bored Ape Yacht Club (BAYC), a prominent non-fungible token (NFT) collection, has been experiencing a decline in its dominance. In the past 90 days, the minimum value of BAYC NFTs has plummeted from 64 ETH to just above 37 ETH. Furthermore, the floor value of the Cryptopunks NFT collection...
Popular Minecraft YouTuber Dream Will Cover Face In Videos After Bullying
12.6.2023
Months after a long-in-coming face reveal that finally showed his mug to the rest of the world, big-name Minecraft YouTuber Clayton “Dream” Huff has put the mask back on following a seemingly never-ending pile-on of folks making disparaging remarks about his appearance.Read more
A Nintendo Switch Like This Should Frankly Be Illegal
9.6.2023
If you have a Switch, chances are very good that you’ve seen, or even own, some sort of cat-themed peripheral. As you read this, there are paw-shaped thumbstick covers collecting dust somewhere under my bed, having slipped from my Joy-Cons god knows when. We’ve all fallen prey to the cozy...
Michael Schumacher’s family to pursue legal action over AI interview
21.4.2023
The rapid development of AI is undoubtedly causing headaches for legislators and court systems globally as they struggle to deal with the technology
The Art Of Terra Nil
14.4.2023
Terra Nil, a game I recently reviewed for the site, is one of the most pleasurable desktop experiences I’ve had in a long time, both because of its tricky blend of puzzles and city-building but also because it’s a rare game that tackles climate change (or, in this case, restoration) with a sense...
Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors
30.3.2023
Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover...
Midsize US Banks Ask Regulators to Extend FDIC Insurance to All Deposits for 2 Years Before Another Bank Fails
20.3.2023
The Mid-Size Bank Coalition of America has asked federal regulators to extend FDIC insurance to cover all deposits for the next two years. “Doing so will immediately halt the exodus of deposits from smaller banks, stabilize the banking sector and greatly reduce chances of more bank...
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’
12.3.2023
On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the company’s teams would be ready on Monday to “handle...
Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally
11.3.2023
The company plans to use corporate resources to fill the gap, including external capital
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
11.3.2023
According to Circle, USDC liquidity operations will "resume as normal when banks open on Monday morning in the United States," enabling USDC redemption at 1:1 with the U.S. dollar