CRYPTO
Taiwan's Financial Supervisory Commission Drafts New Crypto Regulations
Taiwan's Financial Supervisory Commission drafts crypto regulations for 2023, focusing on anti-money laundering, token issuance, asset segregation, and transparent trading. Overseas platforms face advertising restrictions.
Coinbase Report: New York Emerges as a Hub for Crypto Innovation and Adoption
Coinbase's report highlights New York's growing role in crypto, with 19% of residents owning crypto and a surge in blockchain initiatives. The state is seen as a hub for crypto innovation.
China Targets Overseas Telecom Fraud Leveraging Blockchain, Crypto, Metaverse, and AI
China's crackdown on overseas telecom fraud emphasizes legal action against crimes using blockchain, crypto, metaverse, and AI, aiming to protect public interests.
TrueUSD Partners with Alchemy Pay to Facilitate Direct Crypto Purchases in 173 Countries
Alchemy Pay partners with TrueUSD to enable direct crypto purchases via fiat in 173 countries, enhancing accessibility and transparency in the crypto industry.
Court approves BlockFi's disclosure statement conditionally
BlockFi Inc. and its affiliates announced that the United States Bankruptcy Court for the District of New Jersey conditionally approved the company's Disclosure Statement on August 2, 2023.
Binance Japan Announces Launch Details, Set to Become Top Domestic Exchange with 34 Cryptocurrencies
Binance Japan announced plans to launch in August with 34 cryptocurrencies, surpassing domestic rivals. The offering includes unique features but excludes leverage trading.
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.
