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Binance Bans Russians From P2P Transactions With Dollars and Euros
10.3.2023
Cryptocurrency exchange Binance has introduced new restrictions for Russian users, in accordance with the latest European sanctions. The platform is restricting access to peer-to-peer (P2P) transactions in U.S. dollars and euros for traders based in the Russian Federation. Binance Prohibits...
Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%
10.3.2023
On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration...
DeFi Stablecoin Exchange mStable Expects 4 Buyout Bids: Source
10.3.2023
Troubled DeFi stablecoin exchange mStable has been searching for a buyer after its founder announced he would leave at the end of March
New York Attorney General Alleges Ethereum Tokens are Securities in Lawsuit Against KuCoin Crypto Exchange – Crypto Clampdown Incoming?
10.3.2023
New York Attorney General Letitia James referred to Ethereum’s native ETH token and other cryptocurrencies as “securities and commodities” in a statement issued in relation to her lawsuit against crypto exchange KuCoin.
In the statement, Attorney General James said KuCoin has facilitated trading...
S Korean Regulator Launches Crypto Trading Platform Probe – Which Exchanges Are Involved?
10.3.2023
South Korea’s top financial regulator, the Financial Services Commission (FSC), has begun a “comprehensive inspection” of the nation’s crypto exchanges.
Per Decenter, Financial Services Commission (FSC) specifically wants to probe the 20 trading platforms that do not have licenses to trade fiat...
Report: Thai Govt to Grant Tax Waivers to Issuers of Digital Asset Investment Tokens
10.3.2023
Thailand’s government has said companies that issue digital tokens will receive a waiver that exempts them from paying corporate and value-added tax. According to a report, the Thai government anticipates losing just over $1 billion in tax revenue as a result of the waiver. Relaxation of...
Replacing Silvergate’s Network Is a Challenge for Crypto Industry: JPMorgan
10.3.2023
Some of the services provided by Silvergate will migrate to other banks such as Signature Bank, Provident Bancorp, Metropolitan Commercial Bank and Customers Bancorp, the report said
Huobi flash crashes and recovers 90% with high sales and downturn
10.3.2023
Huobi recently witnessed a massive token collapse during a flash crash. The 17th biggest exchange experienced a 90% loss in market cap, which was recovered minutes later. At 3:45, HT was trading at $4.70. The token was now worth $1.83 after 25 minutes had passed. A couple of hours later,...
Blockchain.com Announces Closure of Crypto Asset Management Arm in London Following Market Challenges
10.3.2023
Major crypto platform Blockchain.com is closing its London-based crypto asset management arm less than a year after its launch.
Ongoing market challenges - including price crash(es), exposures to collapsed companies, legal woes, and regulatory scrutiny - have had a significant impact on the entire...
NY AG sues KuCoin for selling securities and commodities without registration
9.3.2023
New York Attorney General Letitia James said the suit is the first time a regulator has claimed Ether is a security in court
New York Attorney General Files Lawsuit Against Kucoin and Declares Ethereum a Security
9.3.2023
On March 9, 2023, New York attorney general Letitia James announced that her office had once again cracked down on crypto platforms by filing a lawsuit against the Seychelles-based crypto exchange Kucoin. Members of the Office of the Attorney General (OAG) were able to purchase crypto assets...
New York Attorney General Sues Crypto Exchange KuCoin, Alleges Ether Is a Security
9.3.2023
The New York Attorney General's office sued Kucoin on Thursday, alleging it offered unregistered securities and commodities
Three Arrows Founders' Bankruptcy Exchange to Offer Claims as Portfolio Margin
9.3.2023
Zhu Su and Kyle Davies, the founders of bankrupt hedge fund Three Arrows Capital, have completed a $25 million raise for a bankruptcy claims exchange dubbed The Open Exchange
CoinTracker integrates with H&R Block to offer crypto tax preparation
9.3.2023
The new integration allows crypto users to automatically fill out the crypto portion of Form 8949, which is used to report capital gains and losses from investments for tax filings
Former Jane Street, PIMCO traders raise $15M for ZK proof-of-solvency protocol
9.3.2023
The team said it has already lined up clients, including CoinList, Bitso and TrueUSD
Largest Creditor of Bankrupt Mt. Gox Exchange to Hold Onto Returned Bitcoin – Huge Selling Pressure Averted?
9.3.2023
In another installment of the bankruptcy proceedings related to defunct cryptocurrency exchange Mt. Gox, the Mt Gox Investment Fund, the largest creditor of the failed platform, is not planning to sell the tokens that it is to receive later this year.
A person familiar with the fund’s activities...
Crypto.com Struggles to Maintain Fiat On-Ramps in the Face of Crypto Banking Crisis
9.3.2023
The exchange’s current banking partner is only accessible to users based in the European Economic Area (EEA)
Mt Gox registration deadline pushed for another month
9.3.2023
Mt. Gox creditors have another month to file for their claims as the registration deadline was pushed back by another month
Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over $3 Billion in Recovered Bitcoin
9.3.2023
The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that the team is dealing with “a large number...
SBF’s lawyers signal need to push back October criminal trial
9.3.2023
Sam Bankman-Fried’s lawyers said they’re still waiting on evidence from federal prosecutors and as a result need more time to prepare a defense