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Italian Serie ‘A’ Soccer Team AC Milan to Launch NFT Initiative
26.9.2022
AC Milan, a popular soccer team in the Italian Serie A league and the current champion, announced the launch of a new non-fungible token (NFT)-based project. The organization established a partnership with Monkeyleague, a Solana-based Web3 soccer game, which became its official NFT partner...
Bank of America Says Cryptocurrencies Continue to Act as Risk Assets
26.9.2022
Ether continues to slide as investors shift to a wait-and-see approach regarding future upgrades, the bank said in a research report
US Court Authorizes IRS to Issue Summons for Crypto Investors’ Records
26.9.2022
The Internal Revenue Service (IRS) has obtained a “court order authorizing summons for records relating to U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions.” The IRS commissioner commented: “The government’s ability to obtain third-party...
Asia’s Largest Web3 Event TOKEN2049 Exclusively Unveils NFT Assets Valued Over US$100 Million
25.9.2022
PRESS RELEASE. SINGAPORE — 25th September 2022 — TOKEN2049, Asia’s premier crypto conference, announced that it will be showcasing a first-of-its-kind, immersive NFT experience, entitled the OP3N WHALE NFT Exhibition, at its upcoming Singapore edition from 28 to 29 September....
Moscow Exchange Suggests Issuing Crypto Receipts for Those Afraid of Blockchain
25.9.2022
The Moscow Exchange has proposed to legalize the issuance of receipts for digital financial assets. The trading platform says this will allow custodians to offer clients who are not ready for distributed ledgers to essentially work with securities. MOEX also plans to become a licensed crypto...
Value Locked in Defi Drops to Lows Not Seen Since March, Ethereum Dominates TVL by 57%
24.9.2022
The state of decentralized finance (defi) in terms of total value locked (TVL) has been tumultuous, to say the least, and currently the TVL in defi today is approximately $54.95 billion. The TVL has not been this low in over five months since March 29, and the most dominant defi protocol today...
South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal
24.9.2022
The government in South Korea has seized cryptocurrency worth around $184 million in two years due to tax arrears, according to local media. The authorities in Seoul started confiscating virtual assets from people accused of tax evasion in 2021. Almost 260 Billion Won in Crypto Seized for...
UK Proposes New Law to ‘Seize, Freeze and Recover’ Crypto Assets Easier and Faster
24.9.2022
The British government has presented the Economic Crime and Corporate Transparency Bill to Parliament that will “make it easier and quicker” for law enforcement agencies “to seize, freeze and recover crypto assets.” The government stressed: “We must ensure that...
Moscow Exchange drafting bill on digital financial assets and securities trading: Report
23.9.2022
Russia's stock exchange expects to become a registered digital asset exchange and begin trading both digital financial assets and digital asset-based securities
Meme Tokens Slide 55% in 5 Months — DOGE, SHIB Dominate $14.9B Meme Coin Economy by 95%
23.9.2022
Five months ago, the top meme cryptocurrencies by market valuation were valued at $33.7 billion and today, the meme coin economy is 55% lower, down to $14.9 billion on September 23. During the last month, dogecoin lost 12.8% in value, and shiba inu is down 19.4% against the U.S. dollar in 30 days....
Founder of Web3 Messaging App: Decentralized Platforms Enable Users ‘to Build Their Communities in a Safe Place’
23.9.2022
In a world where censorship is growing and the right to privacy is being undermined, Web3 — the next iteration of the world wide web — looks to some like the solution users of online platforms are waiting for. As some pioneering Web3 products and solutions have demonstrated, when...
This Crypto-Friendly Bank is Suing the Fed and Why a Win Would Be Hugely Price-Positive for Digital Assets
23.9.2022
U.S. digital asset-focused bank Custodia has filed a lawsuit against the Federal Reserve (FED) Board of Governors and the Federal Reserve Bank of Kansas City over “unlawfully” delaying its application for a master account with the FED. The bank received major backing earlier this week after seven...
Binance Creates Global Advisory Board to Tackle Regulatory Challenges
23.9.2022
An international group of experts with extensive background in public and corporate governance will advise global cryptocurrency exchange Binance on regulation. The move is an indication of Binance’s focus on compliance and collaboration with regulators, according to its management. Crypto...
Bank of Russia, Finance Ministry Agree on Crypto Mining Regulation, Law Expected Soon
22.9.2022
Major government institutions in Moscow, the central bank and the finance ministry, have aligned their positions on the regulation of cryptocurrency mining in the Russian Federation. The respective bill will soon be filed with the State Duma, a high-ranking member of the house unveiled. Financial...
Japanese Banking Heavyweight Nomura to Launch Crypto-Focused Venture Capital Arm
22.9.2022
On Wednesday, the Japanese financial holding company and principal member of the Nomura Group, Nomura Holdings, announced the launch of a crypto-focused venture capital unit called Laser Digital Holdings. Nomura’s move follows a number of financial giants entering the cryptocurrency industry...
Japanese banking giant Nomura launches digital ecosystem VC arm
21.9.2022
“Staying at the forefront of digital innovation is a key priority for Nomura,” said president and group CEO of Nomura Holdings Kentaro Okuda
A Call to the SEC: Treat Crypto Assets as if Clients Matter
21.9.2022
Asset managers either risk violating the letter of the law, or breaching fiduciary duty by denying clients token rights, including voting and revenue
US Treasury Seeks Public Comments on Crypto-Related Illicit Finance and National Security Risks
21.9.2022
The U.S. Department of the Treasury is seeking public input on “digital-asset-related illicit finance and national security risks.” The department warned: “The growing use of digital assets in financial activity heightens risks of crimes such as money laundering, terrorist...
Crypto Exchanges Binance and FTX Have Both Bid Roughly $50M for Voyager’s Assets: Report
20.9.2022
Binance’s current bid is slightly higher than FTX’s, according to sources who spoke to the Wall Street Journal
Ukraine to Revise Virtual Assets Law in Line With EU Crypto Rules
20.9.2022
Work is underway in Ukraine to update the legal act that applies to cryptocurrencies in order to align the nation’s legislation with European standards. Several government institutions in Kyiv are preparing changes to the bill “On Virtual Assets,” which was signed into...