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SEC freezes assets of DEBT Box, alleging $50M node license 'sham'
4.8.2023
Blockchain mining software firm DEBT Box has been accused of lying to investors about its involvement in crypto mining and its "node licenses."
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...
FTX Seeks to Exclude Dubai Subsidiary From Ongoing Bankruptcy
3.8.2023
FTX Trading Ltd. filed a motion on Tuesday to dismiss its Dubai-based subsidiary, FTX Exchange FZE, from ongoing bankruptcy proceedings, citing the unit’s lack of operations and assets. Dubai’s FTX Exchange Faces Voluntary Liquidation After Motion to Dismiss From Parent Company In...
ETF Analysts: Spot Bitcoin ETF Approval Odds at 65% Amid Pressure From Blackrock
3.8.2023
According to James Seyffart and Eric Balchunas, two analysts specializing in exchange-traded funds (ETFs) at Bloomberg, the likelihood of a spot bitcoin ETF debut in the U.S. has surged to 65%. These analysts attribute this increase to “pressure from Blackrock and possibly Democrats,”...
HEX Plummets Over 40% After SEC Files Lawsuit Against Creator Richard Heart
2.8.2023
After the U.S. Securities and Exchange Commission filed a lawsuit against Richard Heart and his companies Hex, Pulsechain and Pulsex, the crypto asset hex (HEX) has been in a free fall. Two-week statistics show HEX has lost 41.7% against the U.S. dollar and 35.8% over the past seven days. Uniswap...
Six Asset Managers File Fresh SEC Applications to Launch Ethereum Futures ETFs in the US
2.8.2023
Six prominent asset managers have filed fresh applications to the US securities and exchange commission (SEC), for the approval of Ethereum (ETH) futures exchange-traded funds (ETFs). The filings come weeks after the regulator accepted spot Bitcoin (BTC) ETF applications in a span of...
First Mover Americas: Race for Ether ETFs Kicks Off With 6 Asset Managers Filing
2.8.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Ether ETFs pending - Grayscale, VanEck and others file SEC applications
2.8.2023
A handful of United States asset managers have filed fresh applications to launch Ethereum Futures ETFs
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...
SEC Chair Gary Gensler Says Crypto Is a Highly Speculative Field ‘Rife With Fraud’
30.7.2023
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has called crypto “a highly speculative asset class” and a field that is “rife with fraud.” He stressed that there are far too many bad actors in crypto, noting that crypto platforms often commingle funds...
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,”...
Canadian Regulator Proposes Changes to Its ‘Capital and Liquidity Approach to Crypto-Assets’
28.7.2023
The regulator of financial institutions in Canada said on July 26 that it had started the process of gathering the public’s view on proposals to change its “capital and liquidity approach to crypto-assets.” The draft guidelines are a response to the Basel Committee on Banking...
Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities
28.7.2023
According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency...
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