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Tax Crackdown: UK Authorities Target Crypto Users for Unpaid Taxes
29.11.2023
Image Source: Pixabay The UK national taxing authority has asked crypto users to disclose any unpaid taxes they might have in order to avoid fines. In a Wednesday announcement, HM Revenue and Customs (HMRC) asked crypto users to make a “voluntary disclosure of any unpaid tax” relating...
SEC in Philippines: Binance is Operating Without a License – Here’s the Latest
29.11.2023
Source: Iryna Budanova/Adobe The Securities and Exchange Commission in the Philippines has warned users that cryptocurrency exchange, Binance is operating without the required license. In a Nov 28 press release, the regulator stated that the exchange lacks authorization to sell securities to...
Animoca Brands Now the Largest Validator on TON Network
29.11.2023
Animoca Brands is now TON blockchain’s largest validator and will henceforth “provide funding, research, and an analytics platform.” The software company said Animoca’s collaboration with TON further reinforces its commitment to the latter’s ecosystem. The Animoca...
UK to Hit Crypto Users With Penalties for Unpaid Taxes
29.11.2023
The Treasury encouraged users to voluntarily disclose unpaid income or capital gains tax from crypto, NFT and utility token holdings
Tron Blockchain Founder Justin Sun Rejects Reports Linking His Protocol to Terror Funding
29.11.2023
Tron blockchain founder Justin Sun has rejected suggestions that his protocol is increasingly being used by terrorist organizations. Sun said Tron’s top priority remains maintaining decentralization as well as making sure users’ assets remain safe. A new report suggests that between...
Binance CEO Richard Teng Outlines the Path Ahead; Puts Innovation, Users and Web3 at the Forefront
29.11.2023
Richard Teng, the new CEO of Binance, has explained his vision for the company, outlining the challenges the exchange faces ahead and the areas on which the company will focus. In a blog post, Teng explained that innovation, users, and Web3 will be at the forefront of Binance in the new era of...
Derivatives Trading Protocol dYdX Chain Commences Rewards Distribution After Greenlight From Community
29.11.2023
Decentralized exchange platform dYdX has kickstarted its trading fee rewards program for its layer-1 derivatives protocol after receiving the go-ahead from its online community. Trading Rewards Now Live on dYdX Chain! Following a governance vote, users can now earn from a $20M reward pool in $DYDX...
Chainlink Expands Staking Accessibility Through v0.2 Release
28.11.2023
Source: Pixabay Chainlink has enhanced its native staking mechanism through the introduction of Chainlink Staking v0.2, featuring an increased pool size of 45 million. According to a press release on Tuesday, the initiation of the v0.2 upgrade will commence with a nine-day Priority Migration phase...
Spain’s Crypto Users to Declare Digital Assets on Foreign Platforms as Tax Agency Updates Guidelines
28.11.2023
Source: alexlmx/Adobe Spain’s tax administration agency, popularly called Agencia Tributaria has released new rules governing digital asset reporting in the country that will see holders declare their foreign-held assets. The tax agency released form 721, a tax reporting form for users that hold...
TRM Labs Taps Swyftx to Tackle Crypto Scams in Australia
28.11.2023
Source: AdobeStock / Bits and Splits TRM Labs has announced a partnership with Australian digital asset exchange Swyftx to reward virtual asset users who take steps to protect their accounts against fraudulent actors in the country. In a recent press release, the blockchain analytics firm announced...
FTX users name Mercedes F1 team and MLB in new promo lawsuits
28.11.2023
The group of FTX users is taking aim at Mercedes F1 and Major League Baseball for allegedly helping FTX commit fraud by promoting the crypto exchange on its platforms
Crypto Exchange OKX Officially Debuts in Brazil, Offers Trading With Advanced Features
28.11.2023
Source: Pixabay Crypto platform OKX announced its official launch in Brazil, offering users with advanced crypto features including trading and staking rewards. The roll-out would feature a Web3 wallet in Brazil, providing a secured and trusted gateway to DeFi and crypto trading. The company said...
Primex Finance Deploys to Arbitrum to Enable Leverage on Its DEXs
27.11.2023
New York, November 27, 2023 — Primex Finance, a non-custodial protocol for spot margin trading on DEXs, announces new deployment on Arbitrum One. In addition to being live on Polygon PoS, the current event is an important milestone in Primex’s multichain initiatives. Simultaneously...
Today in Crypto: Banxa and Cardano’s Yoroi Wallet Enable In-app Fiat On/Off Ramping, Bybit Reveals Personality-Based Trading NFT/USDT Competition
27.11.2023
Source: AdobeStock / RareStock Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Wallet news Web3 on-and-off ramp solution Banxa announced that it, in partnership with Cardano’s Yoroi Wallet...
Square Enix’s NFT Game Symbiogenesis Sets Auction Dates, Launches December 21 – Here’s What You Need to Know
27.11.2023
Source: symbiogenesisPR / Twitter The Japanese gaming giant Square Enix has begun the character non-fungible token (NFT) auction for its game Symbiogenesis, less than a month before its launch. The official website shows the game is scheduled for launch on December 21. Once users log in to...
Nigeria Law Enforcement Nab Politician Who Laundered Funds Stolen From Crypto Exchange
26.11.2023
Nigerian law enforcement recently arrested a politician who is accused of laundering digital funds that were stolen from Patricia Technologies in May. CEO Hanu Fejiro praised the politician’s arrest and said the recovered funds will “go a long way to soothe Patricia users.”...
Kyber Network Confirms Security Incident in Which $47 Million Was Stolen
25.11.2023
Kyber Network said on Nov. 22 that Kyberswap Elastic “experienced a security incident” in which crypto assets worth more than $45 million were stolen. Kyber Network said it was investigating the incident and urged all “users to promptly withdraw their funds.” Kyber Forks...
Nansen Users Swamped With Phishing Emails After Data Leak
24.11.2023
Source: Pixabay Several users of the crypto analytics platform Nansen have reported receiving phishing emails from scammers after a data breach related to one of the firm’s third-party vendors. On Thursday, crypto investigator Officer’s Notes posted on X to warn Nansen users of the scam. “Users...
Bitcoin Lightning Wallet Vanishes: Wallet of Satoshi Removed From Apple and Google’s US Stores
24.11.2023
Wallet of Satoshi removed its app from US stores, puzzling Bitcoin Lightning users. Image by Lukas Gojda, Adobe Stock. Popular Bitcoin Lightning wallet app Wallet of Satoshi has suddenly vanished from Apple and Google’s app stores in the United States. The disappearance was first noticed...
DeFi Users Seek Clarity as Australia’s Tax Office Fails to Explain New Capital Gains Tax Rules
24.11.2023
The ATO’s opaque DeFi tax guidance perplexes Australian crypto investors. Image by Vadym, Adobe Stock. The Australian Taxation Office (ATO) released new guidance on November 9, stating that capital gains tax (CGT) applies to certain decentralized finance (DeFi) transactions. The tax agency...