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Regulatory Arm of UAE Financial Centre Releases Defi Discussion Paper
15.4.2022
The regulatory arm of UAE’s financial centre, Abu Dhabi Global Market (ADGM), has released a discussion paper that is seeking stakeholders’ comments regarding the regulation of decentralized finance (defi). The paper also makes clear the regulator’s stance regarding...
Bitcoin Miner Marathon on Track to Meet Its Hashrate Guidance, Despite Delay
5.4.2022
The miner is hodling all its bitcoins and currently has 9,373.6 bitcoins with a fair market value of approximately $427.7 million
New SEC guidance on accounting and disclosures rankles Commissioner Peirce
31.3.2022
Peirce, sometimes referred to as the Crypto Mom, found the new guidance to be an example of the SEC’s “scattershot and inefficient approach to crypto.”
Bitcoin Miner Greenidge Q4 Revenue Matches Estimate; Reiterates Hashrate Guidance
31.3.2022
The company also said permission for its operations to continue at its New York facility has been delayed again
UK Advertising Regulator Issues 'Red Alert' Guidance on Crypto Ads
22.3.2022
The U.K.'s advertising regulator has issued an enforcement notice to over 50 companies that have advertised cryptocurrency advising them to review their ads to ensure they comply with new guidance
Bitcoin Miner TeraWulf Sets 2022 Hashrate Guidance
18.3.2022
The company, which went public in December and counts among its backers actress Gwyneth Paltron, also said its 2025 expectations remain on track
Bitcoin, Ethereum Technical Analysis: ETH up to 2-Week High Following Fed Rate Hike
17.3.2022
Ethereum climbed to a two-week high on Thursday, as markets continued to react to yesterday’s Fed decision. As expected, the Federal Reserve increased interest rates by 0.25%, whilst providing forward guidance for future hikes. BTC was once again trading above $40,000. Bitcoin BTC...
Kenyans Lost $120 Million to Cryptocurrency Scams in the Past Financial Year — Government Official
17.3.2022
Kenyans are believed to have lost as much as $120 million to cryptocurrency scammers in the last financial year, a government official has said. The official, however, suggested the number of Kenyans losing funds this way can be reduced if the media helps by disseminating the right information....
Treasury Department Issues Guidance on Using Crypto to Evade Sanctions
12.3.2022
The White House said earlier in the day that such guidance would be forthcoming
White House, G7 Announce New Guidance Is Coming on Crypto Sanctions Evasion
11.3.2022
White House and Treasury officials have said there is little concern that crypto will be used to evade sanctions against Russia but are announcing guidance to ensure this
Bitcoin Mining Rig Maker Canaan Surges After Strong Results and Guidance
3.3.2022
The combination of an expanding customer base and higher average selling price drove the better-than-expected quarter
US Treasury Department Formally Adds Crypto Rules to Russian Sanctions Guidance
28.2.2022
U.S. officials also hope crypto exchanges will block sanctioned individuals regardless of where they're headquartered
Why We Still Need Guidance on Staking Rewards Taxation
24.2.2022
A tax consultant and CPA analyzes the recent decision by the IRS to refund $3,200 to the Tennessee couple taxed on their Tezos staking rewards
Reports That IRS Won’t Tax Staking Rewards Create Legal Confusion in US; UK Taxman Updates Its Own Guidance
3.2.2022
Legal confusion has broken out in the United States after media outlets reported on a legal case whereby the Internal Revenue Service (IRS), the United States tax body, is allegedly set to refund a couple’s tezos (XTZ) crypto staking tax bill. But one prominent lawyer says the reporting around...
FATF guidance on virtual assets: NFTs win, DeFi loses, rest remains unchanged
11.12.2021
The Financial Action Task Force has laid out its perspective on crypto, including its views of nonfungible tokens and decentralized finance
FATF includes DeFi in guidance for crypto service providers
28.10.2021
Despite DeFi apps not being a VASP under the FATF standards, the authority still wants to apply VASP rules to them
Dollar Stabilizes While Traders Await Central Banks Guidance
26.10.2021
Tuesday witnessed the US Dollar regaining the 1.67% it lost recently. Investors are on edge with central bank meetings, and data releases indicate new information on the rates. Meanwhile, the Euro dipped 0.3% as experts forecast the ECB’s dovish tendencies in the next meeting. As a result,...
ADALend’s Revolutionary GM for an Evolutionary Cardano Based DeFi
6.10.2021
DeFi continues to show the world that the future of finance will forever change from its old and traditional form, developed by solving problems individuals and institutions face with mainstream banks. ADALend continues the string of innovations in DeFi under the guidance of its GM. Javed Khattak...
US Senator Calls on SEC Chairman to Provide Regulatory Clarity on Cryptocurrencies
25.9.2021
A U.S. senator has asked the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, to provide clear guidance on cryptocurrency regulation. The senator stated that in many enforcement actions, “the SEC did not identify the securities involved or the rationale for their...
South African Tax Body Updates Crypto Tax Guidance, Confusion Persists
2.9.2021
In late August, the South African Revenue Service (SARS) released new guidelines that clarify the correct treatment of taxable crypto events. The new guidance, which was published on the revenue collector’s webpage, explains how cryptocurrency-related income should be disclosed in...