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Tax Authorities in EU to Share Transaction Data Reported by Crypto Firms


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...

FTX Estate Proposes Recovery Plan With 90% Asset Return Expected 


The now-defunct FTX crypto exchange announced a proposed settlement plan this week that aims to resolve disputes over customer assets lost when the company filed for bankruptcy in November 2022. FTX Debtors Chart Path to Redress: 90% Asset Recovery Proposed in Bankruptcy Plan The FTX debtors’...

Fidelity Submits Updated Spot Bitcoin ETF Application


Fidelity has submitted an updated proposal for a spot bitcoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). The asset manager joins other applicants in continued efforts to address regulatory concerns that have stood in the way of approving the investment product....

Binance US Suspends Withdrawals in US Dollars


Crypto exchange Binance US has suspended withdrawals in U.S. dollars. Users who want to withdraw their USD funds must first convert them into stablecoins or other cryptocurrencies, which can then be withdrawn. Binance US Updates Dollar Withdrawal Policy Binance US, the U.S.-based cryptocurrency...

Vitalik Buterin: ‘I Haven’t Sold ETH for Personal Gain Since 2018’


Vitalik Buterin has dismissed reports that he recently sold his crypto holdings and claimed to have not “sold ether for personal gain since 2018.” Buterin suggested to his followers that the reports often mistake his transfer of digital assets to charitable organizations as sales...

Galaxy Digital CEO Mike Novogratz Foresees Spot Bitcoin ETF Approval in 2023


Galaxy Digital CEO Mike Novogratz expects a spot bitcoin exchange-traded fund (ETF) to be approved in 2023. “It’s going to get approved, we think it happens this year,” the American investor said on Wednesday. Billionaire and Crypto Investor Mike Novogratz Say There’s Been a ‘Huge Psychological...

New Game Tasks You With Running Twitter, Good Luck


Social media sites like Twitter, Facebook, and Instagram are massive beasts that are hard to control, moderate, and keep profitable. Balancing user safety, privacy, ad revenue, employee mental health, and more is tricky. Luckily, you can find out just how tricky it is in a new free web game that...

Biggest Movers: SHIB, DOGE Fall, as Crypto Markets Consolidate


Meme coins were one of the biggest casualties of Wednesday’s price consolidation, falling by as much as 2% in today’s session. The decline comes as a result of profit taking, following strong gains to start the week. Shiba inu and dogecoin remain in the red, as of writing. Shiba Inu (SHIB) Shiba...

Crypto Tokens MOON and BRICK Plunge as Reddit Sunsets Community Points


On Tuesday, the social news hub Reddit unveiled that it would be drawing the curtains on the Community Points project. This revelation promptly sent two cryptocurrency coins from r/cryptocurrency and r/fortnite spiraling downward, showcasing a notable dip in value following the news. This...

South Korean Crypto Exchange Upbit Obtains Regulatory Approval in Singapore


Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has established itself as a crypto hub. Upbit Singapore...

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