South Korea’s ruling party proposes to delay crypto tax to 2028
If the new proposal is approved, implementing the crypto gains tax in the country will be delayed by nearly seven years from its original schedule.
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Basel Committee presses on with restrictive requirements for banks’ crypto holdings
The committee of central banks and regulators has proposed a “conservative prudential treatment” of crypto assets that banking groups say is prohibitive. 258 Total views 4 Total shares The Basel Committee on Banking Supervision met Friday and discussed cryptocurrency, among other topics. The committee stated that it would soon publish its second consultative paper with…
Bitcoin Breaks $9,300 as US Stock Market Sees Minor Uptrend
Monday, June 17 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) passed the $9,300 mark again.Market visualization courtesy of Coin360Bitcoin is currently up about 2.5% on the day, trading around $9,358 at press time, according to Coin360. Looking at its weekly chart, the…
Changpeng Zhao could serve time in the same facility as ‘crypto-anarchist’ Jim Bell
An expert in U.S. federal prisons suggested that the former Binance CEO, if sentenced to incarceration, could face the risk of “theft and extortion” from other inmates.
If Worldcoin can improve the world, why not give it a chance?
All eyes have been on Worldcoin (WLD) since the July 24 launch of its “World ID” system. The issues associated with the launch have been well reported at this juncture. They include possible onboarding security risks along with Worldcoin’s use of biometric data, which is now under investigation by governments in several countries — including
Appeals court rejects Sam Bankman-Fried’s bid for release
The court cited Sam Bankman-Fried’s alleged witness tampering as the main grounds for rejecting his release bid. 92 Total views 1 Total shares FTX founder and convicted fraudster Sam Bankman-Fried will stay jailed after failing to convince a United States appellate court that he should be freed while his legal team appeals his conviction.In a
FTX CEO testifies on ‘pure hell’ post-bankruptcy days at exchange
John Ray said when he took control of FTX in November 2022, there was a “massive scramble for information” related to the exchange’s funds, insurance and personnel. 657 Total views 37 Total shares Own this piece of history Collect this article as an NFTJohn Ray, who took over as CEO of crypto exchange FTX, has…
New Jersey bill would make securities of crypto sold to institutional investors
The bill complements one already on the governor’s desk that regulates digital assets owned by individuals. 124 Total views 1 Total shares The New Jersey General Assembly may consider a bill that would decide when a digital asset or virtual currency is a security under state law. All virtual currencies issued and sold to institutional investors
OKCoin Launches Support for Singapore Dollar and Opens Local Office
OKCoin, one of the world’s oldest cryptocurrency exchanges, is continuing to expand its fiat-to-crypto onramps by adding support of the Singapore dollar (SGD).Starting March 12, OKCoin users can deposit and withdraw Singapore’s official fiat currency — the Singapore dollar — for major cryptocurrencies like Bitcoin (BTC) and Ether (ETH).As the Singapore dollar is also officially…