CRYPTO
U.S. IRS Clarifies Taxation on Crypto Staking Rewards
IRS ruling classifies crypto staking rewards as taxable income, potentially impacting prices of PoS-based cryptos like Ethereum.
CoinFund Appoints Dilveer Vahali as Head of Venture Legal to Drive Legal Deal Strategy
CoinFund has hired transactional attorney Dilveer Vahali as Head of Venture Legal on July 31, 2023, to drive legal strategy and support its web3 ventures.
SEC Nigeria Issues Warning Against Investing with Binance; Declares Operations Illegal
SEC Nigeria warned against investing with Binance, declaring its operations in Nigeria illegal. The notice, dated July 26, 2023, urges caution with unregulated crypto-assets.
Astar Network (ASTR) Announces Tokenomics 2.0 with Enhanced Burning Mechanism
Astar Network, a leading blockchain platform in Japan, has unveiled its Tokenomics 2.0 strategy, focusing on creating sustainable growth for its native token, ASTR.
SEC Required Coinbase to Trade Only Bitcoin, Exclude Ethereum and All Other Cryptos, Reports FT
On July 31, a report by the Financial Times reported that the U.S. Securities and Exchange Commission (SEC) had requested Coinbase to cease all cryptocurrency trading, including Ethereum, with Bitcoin being the only exception, before taking legal action against the company.
Investment Fraudsters Sentenced to Over Six Years for Telecoin Crypto Scam
Two fraudsters, Ross Jay and Michael Freckleton, were sentenced to over six years for a £500,000 scam involving a fictitious cryptocurrency "Telecoin."
Japan Blockchain Association Proposes Cryptocurrency Tax Reforms to Government
The Japan Blockchain Association (JBA), led by Representative Director Yuji Kano of bitFlyer, submitted a proposal for cryptocurrency tax reforms to the government on July 28, 2023.
Indian Supreme Court Expresses Discontent Over Lack of Crypto Regulations
The absence of defined rules and regulations governing cryptocurrencies in India has lately drawn the attention of the country's Supreme Court.
Crypto Exchange Bitget's Native Token BGB to Be Listed on MEXC
Bitget's native token BGB is set to list on MEXC on July 31, 2023. This move aims to boost BGB's liquidity and accessibility.
Seoul Prosecutors Probe Crypto Fraud at Delio, Haru, Pica, and WeMade
Seoul's prosecutors probe alleged crypto fraud at Delio, Haru Invest, Pica Project, and WeMade. The joint investigation team aims to expedite the processing of these high-profile cases.
Crypto Influencer Fernando Perez Algaba Found Dismembered: Investigation Underway
Crypto influencer Fernando Perez Algaba was found dismembered in Argentina after going missing. His death, preceded by cryptic social media posts, is under investigation.
KuCoin Report Reveals 3.8 Million Japanese Engaged in Cryptocurrency
KuCoin has recently released its 13th edition of the 'Into The Cryptoverse' report, focusing on the rapidly growing cryptocurrency market in Japan.
Bitget Reinforces Its Leadership in Smart Crypto Trading with a Rebranding Initiative
Bitget announces a rebranding initiative to reinforce its leadership in smart crypto trading. The move includes new AI-powered tools, a visual identity update, and a focus on user education.
Alphapo Hot Wallets Stolen Cryptos Amount to $60M Now
Alphapo's hot wallets were breached, with initial losses reported at $23M. However, recent findings suggest the total stolen cryptocurrencies now amount to $60M. Investigations are ongoing.
Former Coinbase CLO Brian Brooks Joins Hashdex's Board of Directors
Brian Brooks, former Coinbase CLO and current Valor Capital Group partner, joins Hashdex's Board of Directors, aiming to accelerate the firm's global growth in the crypto asset management space.
