CRYPTO
Argentina's Proposed Crypto Disclosure Law Promotes Disclosure
Crypto holders would have to submit an affidavit detailing their holdings under the measure. Voluntarily declaring crypto assets within 90 days of the law's implementation would result in a 2.5% capital gains tax. Next parliament will debate the measure.
Easy Company Raises $14.2M For Social Crypto Wallet
Easy's "social" crypto wallet garnered $14.2 million in a seed round to bring mainstream audiences into the Web3 ecosystem. After a 30-day private test, the wallet now accessible on iOS and Android. Users may swipe to see own NFTs or those of others they "watch" on the network, which resembles Instagram.
ISPs Must Ban Crypto Websites Or Risk Legal Action In Nepal
Nepal's telecoms authority ordered ISPs to prohibit all bitcoin trading websites. The Nepal Telecommunication Authority (NTA) ordered ISPs and email providers to block crypto-related websites, applications, and networks on Jan. 8. Promoting crypto is also illegal.
Despite Industry Upheaval, Hong Kong Seeks Crypto Hub Status
Hong Kong's government supports bitcoin infrastructure development. In 2023, Hong Kong's finance secretary Paul Chan said the government and authorities would work with crypto and fintech businesses. Many sector businesses want to develop in Hong Kong or go public on local markets.
Mark Cuban To Testify On Voyager Marketing
Mark Cuban will be deposed in a class-action lawsuit claiming that he supported Voyager Digital's Ponzi scam. Judge Lisette M. Reid ordered Cuban's complete deposition on February 2 in Dallas, Texas. Plaintiffs' attorneys applauded the judge's denial of Cuban's motions to halt and postpone discovery.
Ferrari Terminates Crypto Sponsorship Before 2023 Formula One Season
Ferrari lost $55 million by ending its multi-year partnerships with Velas and Snapdragon before the 2023 season. The 2021 Ferrari-Velas alliance included NFTs and other attempts to engage fans. After canceling its cooperation with FTX, Mercedes lost $15 million.
Ripple CEO Hopeful About US Crypto Regulatory Clarity
In a Twitter discussion, Ripple CEO Brad Garlinghouse expressed cautious optimism regarding US cryptocurrency regulation certainty in 2023. Ripple was sued by the SEC for selling unregistered XRP. Ripple refuted the charges, saying XRP is a money, not a security. The lawsuit has no end date.
Congress May Restrict Stock Trading In The Next Session
The 118th Congress may prevent members from investing in stocks or cryptocurrency. 77 politicians violated disclosure obligations after the 2012 STOCK Act. Many see a conflict of interest in elected officials trading and holding assets. In 2022, Congress and Fed officials breached crypto trading and holding restrictions. These infractions included delayed reporting of legal transactions, yet members were allowed to influence legislation with their investments. Last year's crypto issues included U.S. legislators and business executives' financial relationships.
Italy Taxes Cryptocurrency Capital Gains 26%
Italy's Senate authorized a 26% capital gains tax on crypto-asset transactions above 2,000 euros (roughly $2,13 at publishing). Crypto assets may be transferred and kept digitally. Crypto assets were taxed less as foreign currency in the nation.
Should Amateur Investors Track What Crypto Whales are Doing?
As you may already know, crypto whales have a ton of sway and influence on the crypto market, and there have been more than just a few instances where a crypto whale has managed to single-handedly change the course of a coin all on their own.
Conflux Network Expands into Hong Kong
Dr Ming Wu, Co-Founder of Conflux Network, was invited by the Hong Kong Government to discuss the rise of tech innovation through Web3 and how the Conflux Network could play a foundational role in these developments.
Santa launches its rewarded browser this Christmas to bring in the next 200M users onto Web3.0
Santa Browser has announced the Version 1 launch of its web3 browser today. Built for an emerging crypto world, the browser claims to bring in the next generation of web3 users by developing tools that allow anyone to leverage the power of blockchain technologies. Due to the extreme volatility of the market, Santa is dedicated to building a “Trustable Technology Stack” that users can firmly rely upon while browsing the web. With the Christmas release of Santa Browser, users can now earn crypto rewards simply by browsing.
Deso Blockchain Crosses 2 Million Accounts Amid Elon Musk's Twitter Revamp
The DeSo Blockchain, a custom-built layer-1 designed for the scalability of decentralized social applications for millions of users, recently crossed 2 million accounts and 130,000 MAUs.
Binance Spreads Holiday Cheer With Themed Gift Card And Secret Santa Events
This year, Binance expanded its Gift Cards selection to include over 238 unique holiday-themed designs. Adding to the festivities, the platform is hosting a series of promotional events, including Mystery Boxes and a Secret Santa promotion with more than $70,000 in rewards.
Next House Committee Chair Reintroduces Crypto Innovation Bill
Representative Patrick McHenry has proposed legislation to establish innovation offices in financial services institutions. Companies might request enforceable compliance agreements with federal financial agency offices under the law. In 2018, the SEC opened FinHub, while LabCFTC, the CFTC's fintech research branch, began in 2019.