Chainalysis hit with $650M lawsuit, Italy to hike Bitcoin tax: Law Decoded
Chainalysis faces a $650 million defamation lawsuit, the EU’s ESMA pushes for MiCA amendments, Cyprus and Ireland scramble to align with regulations, and Italy plans to hike tax on Bitcoin.
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Binance Updates White Paper to Reword Section on Quarterly Manipulations with BNB
Binance has recently updated its white paper’s section devoted to quarterly manipulations with its native token binance coin (BNB), based on a version of the white paper backed up on the Internet Archive Wayback Machine on Feb. 8.According to the section “Repurchasing plan” in the older version, Binance stated that they would buy back BNB…

Bitcoin Price Hovers Under $8,800 as Top Altcoins See Minor Gains
Saturday, Nov. 9 — most of the top 20 cryptocurrencies are reporting minor gains on the day at press time, as Bitcoin (BTC) hovers under the $8,800 mark again.Market visualization courtesy of Coin360Bitcoin price is currently up by 0.27% on the day, trading at around $8,795 at press time, according to Coin360. Looking at its…

Top 3 cryptocurrencies that are faring the best in the 2022 bear market
The crypto market has been in decline over the past six months with its valuation dropping from over $3 trillion in November 2021 to $1.23 trillion in May 2022.Fears over persistently higher inflation, the Federal Reserve's hawkish response to it, and the ongoing conflict between Ukraine and Russia prompted investors to limit their exposure to…

Japan’s Metaplanet plans 1B yen bond sale to buy more Bitcoin
If it could buy the Bitcoin today, Metaplanet’s total Bitcoin holdings would be 241 Bitcoin, worth around $15 million.

Non-Stimulus Tax Rules You’ll Need This Year
The United States Internal Revenue Service delayed tax day this year from April 15 to July 15, and perhaps that means many Americans aren’t thinking about taxes during this very strange time. Indeed, they seem understandably focused on the variety of new government programs that comprise part of the CARES Act, enacted to try to…

Terra Virtua releases ‘Godzilla vs. Kong’ NFTs to coincide with movie release
Nonfungible tokens seem to be popping up everywhere lately — so why not on the big screen?Digital collectibles and virtual reality platform Terra Virtua is planning to launch today a line of Godzilla vs. Kong nonfungible token (NFT) collectibles created in collaboration with film production giants Warner Brothers — among the first-ever NFT drops to…

Two builders produce 88% of Ethereum blocks in October, raising concerns
Some analysts don’t see this as a centralization concern due to the Ethereum network’s underlying builder-proposer architecture.

Former OpenSea manager withdraws application for bail pending appeal
The attorneys representing Nathaniel Chastain informed the court that Chastain will self-surrender on Nov. 2 to begin serving his sentence. 229 Total views 4 Total shares A former manager at nonfungible token (NFT) marketplace OpenSea sentenced to three months in prison for insider trading has opted to serve the sentence while his appeal is pending.On