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China Fines Bitmain $3.6 Million for Tax Violations, Report


Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income...

How Utility NFTs Will Drive Mainstream Web3 Adoption


Ken Timsit, is Head of blockchain startup accelerator Cronos Labs and Cronos Chain.__________ Non-fungible tokens (NFTs) were perhaps the most publicly followed hype cycle, with celebrities from Justin Bieber to Madonna dropping NFT collections for their fans over the past couple of years....

Biggest Movers: DOGE Down 8% as Twitter Removes Logo


Dogecoin was once again in the red on Friday, as Twitter finally removed the doge icon as its logo. The meme coin raced to a four-month high earlier in the week, after the social media giant unexpectedly added a cartoon image of doge on its website. Overall, crypto markets were mostly lower, with...

Do Kwon’s Extradition Likely to Take Time, Montenegrin Prosecutor Says


A prosecutor investigating Terraform Labs CEO Do Kwon for alleged passport forgery in Montenegro has indicated that he will not be extradited soon. The law enforcement official told South Korean media that Montenegrin authorities intend to indict Kwon within a month, ruling out the possibility...

Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report


Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under scrutiny within the probe initiated by the Justice...

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