Binance Launches Tool To Ease Tax Preparation And Reporting For Crypto Players

The crypto tax season is upon us, and all companies (including crypto firms) must prepare. Tax season can be confusing and stressful for novice and experienced crypto users. Binance, the…

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Voyager Creditor Calls For Seizure Of Voyager’s Estate

 A finance attorney and Voyager creditor, Michelle DiVita, has requested the appointment of a Chapter 11 Trustee in Voyager's bankruptcy case, which would result in Voyager losing control of its…

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UK Treasury Releases Consultation Paper For Crypto Regulation

The Treasury has published a consultation document on regulating crypto exchanges, lenders, and custodians. The document acknowledges that crypto assets offer various benefits but pose risks to consumers. Treasury's Consultation…

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SEC Denies Approval Of Ark Investment’s Bitcoin ETF For A 2nd Time

The US securities watchdog, (the US SEC) has rejected the Bitcoin spot exchange-traded fund (ETF) proposal submitted by Ark Investment Management for a second time. In July 2021, Ark joined…

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Digital Assets Custodian Prime Trust To Suspend Operations In Texas On January 31st

Prime Trust, one of the leading crypto custodians, recently announced that it would suspend its operation in Texas. The firm announced after withdrawing its application for the Texas Money Transmitter…

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Aussie Execs Backs Argument To Tag Crypto As Financial Products

Following recent statements from the Assistant Treasurer of Australia, Australian executives have cautioned against treating all digital assets as financial products. Australia's Assistant Treasurer Considers Crypto Financial Products In a…

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El Salvador’s Candidate At Miss Universe 2022 Stuns Audience With BTC-inspired Dress

Alejandra Guajardo, the representative of El Salvador, stormed the Miss Universe 2022 Pageant prelude with her epic dress. She adorned herself with a currency dress designed with cocoa beans, Bitcoin,…

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SEC Moves To Stop Binance.US’s Voyager Digital Acquisition

The US Securities and Exchange Commission has submitted a "limited objection" to prevent Binance.US's deal to buy Voyager Digital, the bankrupt crypto lender. According to reports, the securities regulator wants…

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Chinese Communist Party Secretary Connives With Miners To Violate Nationwide Ban

Xiao Yi, a Communist Party's provincial secretary in China, has reportedly pleaded guilty after being charged with violating the country's ban on Bitcoin mining. He allegedly accepted bribes from some…

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Scammers Impersonate US Agency, Claims To Help Affected FTX Users

Last month, the famous crypto exchange, FTX, filed for bankruptcy, leaving several users stranded. The FTX CEO reportedly misused investors' funds. Meanwhile, several scammers have capitalized on the opportunity. They…

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Daily Trading Volume Hit The Lowest In Years As Market Cap Drops Under $800 Billion

The crypto industry has fallen in 2022 and lost more than 2.2 trillion dollars in the last 12 months. On-chain data shows that the daily size of crypto trading had…

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Fidelity Files Trademark To Offer Financial Services In The Metaverse

Fidelity Investments, an investment giant firm, has submitted trademark filings in the US to offer some Web3 products and services in the digital world. Additionally, the filing reveals that Fidelity…

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Alaska Enact New Money Transmission Laws That Affect Digital Currencies

From January 1, 2023, an amendment would be made to regulate money transmission in Alaska, including virtual currencies. Companies whose activities are crypto-related must obtain a money transmission license from…

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Current Crypto Crisis Reduces ETF Assets in a Market That Has Accepted Them

The enormous decline in ETF assets has resulted from the declining price of Bitcoin and other cryptocurrencies, rather than from small withdrawals. According to Straus statistics, crypto ETFs witnessed C$51…

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Concerned Over FTX, US Lawmakers Advise Fidelity Not To Pursue BTC 401(K) Offer

Fidelity Investments of the US has been called upon by US lawmakers not to pursue its BTC 401(k) retirement offer. Lawmakers are of the view that there is a huge…

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A Major Crypto Lending Firm Investigated by Authorities, Caution for Users

Hodlnaut, a major cryptocurrency lending firm based in Singapore is currently being investigated by the local authorities. The Singapore police authorities have launched a probe against the firm. The reason…

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Under Authorization Of Manhattan District Attorney Crypto Funds Worth $1.3 Million Frozen

District Attorney’s Office in the Manhattan District has issued orders of freezing funds in crypto worth roughly US$ 1.3 Million. The frozen funds shall be distributed amongst the victims of…

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Top US Regulators Accuse FTX Of Mismanaging Funds Belonging To Customers

FTX and Its Operations under Scrutiny by DOJ and SEC Top US regulators i.e. Department of Justice (DOJ) and Securities & Exchange Commission (SEC) are currently investigating a collapsed crypto…

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