Chinese Central Bank Plans to Nip Young Crypto Businesses ‘In the Bud’

Featured SpeakerBowTiedBullPresidentBowTied JungleThe pseudonymous investor BowtiedBull explores the BowtiedJungle, where citizens swap advice on investing, job-seeking, ...Tracy is a deputy managing editor at CoinDesk. She owns BTC, ETH, MINA, ENS and some NFTs. Featured SpeakerBowTiedBullPresidentBowTied JungleThe pseudonymous investor BowtiedBull explores the BowtiedJungle, where citizens swap advice on investing, job-seeking, ...Berachain, a layer 1 blockchain focused…

Banq, a subsidiary of embattled crypto custodian Prime Trust, has filed for bankruptcy in a U.S. bankruptcy court in the district of Nevada.In the bankruptcy filing, the company cited approximately $17.72 million in assets against $5.4 million in liabilities.Banq Bankruptcy Filings(PACER/Chapter11Dockets.com)This comes as Banq’s parent, Prime Trust, works to close an acquisition deal with BitGo…

EU Flag image via ShutterstockESMA Wants to Create ‘Sound Legal Framework’ for Cryptocurrencies in 2020The European Securities and Markets Authority (ESMA) plans to push for more regulation around cryptocurrencies and related products as part of their 2020 focus.ESMA published its 2020-2022 priorities list Thursday, noting that EU capital markets are facing new risks from digitalization.…

The Group of Twenty (G20) welcomed the high-level recommendations of the Financial Stability Board (FSB) on crypto asset activities and global stablecoin arrangements, said Nirmala Sitharaman, Finance Minister of India, which currently holds the G20 presidency, during a press conference on Tuesday.On Monday, international standard-setter FSB called for tougher rules on safeguarding crypto clients’ assets…

Failed crypto lender Celsius began issuing refunds in early 2024. But, from a tax perspective, the matter remains unresolved. The lack of clear IRS guidance has left many investors puzzled about how to address these refunds.At first glance, since investors have only received partial refunds so far (and even under the full restructure plans would

news Hedera Hashgraph, a blockchain-like public network for enterprises, is adding a U.S. financial giant to its governing council. Hedera announced Thursday that FIS Global will become the ninth addition to its 39-member council. Hedera also announced that it intends to launch its mainnet in beta on Sept. 16. The company claims its distributed ledger…

news Facebook CEO Mark Zuckerberg defended free expression in a speech at Georgetown University on Thursday. “[The internet] allows people to share things that wouldn’t have been possible to share before,” he said. However, “we’re seeing people across the spectrum try to define more speech as dangerous because it may lead to political outcomes that…

A number of verified Twitter accounts were compromised Monday – including those owned by a U.S. lawmaker, a film company, and a book publisher – all to impersonate SpaceX and Tesla founder Elon Musk. Each of the compromised accounts engaged in a well-known crypto giveaway scam by promising to send large amounts of bitcoin to…

Mirae Asset Securities, South Korea's largest financial group with over $500 in assets under management, said Thursday that it is working with Ethereum scaling platform Polygon Labs to advance tokenization within finance and boost adoption of Web3 technologies.Polygon Labs will be a technical consultant in The Mirae Asset Security Token Working Group, which is working