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Crypto Companies in Japan Get Tax Relief Under Revised Rules
26.6.2023
The tax administration of Japan has provided an exemption to companies issuing cryptocurrencies under a revision of the corporate tax rules. A local crypto media report described the move as a step toward improving the business environment for the digital asset sector in the country. Japan...
Report: Dozens of Chinese Nationals Arrested in Libya for Operating Illegal Crypto Mining Farm
26.6.2023
Around 50 Chinese nationals have reportedly been apprehended by Libyan authorities following allegations of running a cryptocurrency mining facility within the city of Zliten, local reports detail. Cryptocurrency mining is strictly prohibited by law in Libya. Libyan law enforcement officials have...
Amazon to invest $100M in generative AI center: Report
25.6.2023
AWS is building a $100 million AI center to keep up with increasing competition in cloud infrastructure services
Mainstream media challenge decision to protect FTX customers: Report
24.6.2023
Legal representatives of the media outlets have reportedly argued that FTX is not entitled to a “novel and sweeping exception” just because its customers used cryptocurrency
Celsius creditors allege Wintermute facilitated 'wash trading': Report
24.6.2023
It was alleged that Celsius executives engaged Wintermute to conduct wash trading to “fraudulently" manipulate trading volumes on the Celsius platform
Judge blocks Bankman-Fried’s attempt to obtain key documents in fraud prosecution: Report
23.6.2023
The request was denied by U.S. District Judge Lewis Kaplan, who characterized it as a “fishing expedition” lacking justification
Sequoia partner says investing in FTX was the right move: Report
23.6.2023
Sequoia’s Alfred Lin stood up for the firm’s $213.5 million investment in the now-bankrupt crypto exchange FTX
Deal Cancelled: BitGo Pulls Out of Prime Trust Acquisition and Users Report Withdrawal Issues
23.6.2023
BitGo, the American crypto custodian platform, has made the decision to cancel the acquisition of Prime Trust.
Following this announcement, Prime Trust has taken measures to suspend withdrawals.
The cancellation of the deal comes just two weeks after BitGo signed a non-binding letter of intent...
Robust crypto fundamentals pull through after May’s monthly red candle: Report
23.6.2023
What are the current trends in VC investment in the crypto sector, and when will the bear market finally end?
Circle and Sequoia were among top depositors at Silicon Valley Bank: Report
23.6.2023
According to a Bloomberg report, other major depositors included Silicon Valley Bank, SVB Financial Group, biotechnology research company Altos Labs and China-based firm Kanzhun
South Korean Crypto Yield Firm Haru Invest Fires More Than 100 Employees: Report
22.6.2023
Earlier this month, Haru Invest halted withdrawals and deposits
How to track and report crypto transactions for tax purposes
21.6.2023
Crypto assets are subject to tax and must be tracked and reported to the IRS. This comprehensive tax guide contains everything you need to know
Crypto VC market flashes green amid macroeconomic recession alarms
20.6.2023
May 2023 marked the second consecutive month of crypto VC activity growth, surpassing $1 billion in funding for the first time since September 2022
Report: Zimbabwe’s Central Bank Set to Launch P2P Platform for Facilitating Gold-Backed Digital Currency Transactions
20.6.2023
The Reserve Bank of Zimbabwe has said it is getting close to launching a peer-to-peer platform which will facilitate digital gold token transactions. The central bank said the launch of the platform is expected to help reduce local demand for the greenback. Governor John Mangudya said the tokens...
JPMorgan Report: Hinman Documents in SEC-Ripple Case Strengthen Ether
19.6.2023
JPMorgan believes the release of the Hinman documents in the ongoing legal battle between Ripple and the US Securities and Exchange Commission could benefit ethereum (ETH).
In a Thursday research report, JPMorgan analyst Nikolaos Panigirtzoglou wrote that the internal SEC messages related to...
Do Kwon denies forging passport, blames ‘Chinese' agency: Report
19.6.2023
Do Kwon has denied forging travel documentation and refuted having any financial ties to Europe Now party leader Milojko Spajić
‘Britcoin’ launch inches closer after Project Rosalind CBDC tests
19.6.2023
A major study between the BIS and the U.K. central bank found a retail CBDC could make peer-to-peer payments cheaper and easier
‘We had to change strategies,' says SEC enforcement director on recent actions: Report
16.6.2023
The SEC has taken enforcement actions against several crypto firms, a move that has been criticized by many U.S. lawmakers and industry leaders
Nansen Report: Crypto Exchanges Kraken, Bybit, and Bitget Gain Ground After FTX Collapse
16.6.2023
Smaller crypto exchanges such as Kraken, Bybit and Bitget are finally getting their time in the spotlight after their more dominant rival FTX collapsed last year, according to findings in a new report from blockchain analytics firm Nansen.
In the report, Nansen said the landscape for centralized...
Bakkt Takes Proactive Measures, Delists Polygon, Solana, and Cardano Amid Regulatory Crackdowns
16.6.2023
According to a Fortune report published on June 16, the cryptocurrency asset platform Bakkt is delisting three cryptocurrencies due to the current regulatory climate. Bakkt’s general counsel stated that the platform will expand its coin offering once there is “further clarity.”...