UK Tax Authority Proposes Changes to Treatment of DeFi Lending, Staking
Regulators around the world have cast their eyes on DeFi, and policymakers have “highlighted specific risks including cyber risks and other technical risks, as well as increased dependencies between traditional and decentralized financial systems and a lack of backstops in periods of market stress,” HMRC said.
Related Posts


Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77M
Bankrupt miner Core Scientific (CORZQ) will purchase 27,000 bitcoin (BTC) mining servers from Bitmain, for $23.1 million in cash and $53.9 million in common stock, according to a press release.The deal was first touted last month as part of Core Scientific's bankruptcy plan. Crypto firm Anchorage Digital were also mentioned as potentially taking equity in

Ex-FTX COO Constance Wang Joins Crypto Fund Sino Global
Constance Wang, described as Sam Bankman-Fried’s “right hand” in his fundraising drive, has joined crypto fund Sino Global Capital as its head of gaming, according to a report from Bloomberg which was confirmed by the fund’s founder and CEO Matthew Graham.Wang joined FTX in 2019, and had previously worked as an analyst at Credit Suisse…

Bitcoin Fraudsters Misled Investors and Impersonated Regulators, CFTC Alleges
The Commodity Futures Trading Commission (CFTC) filed charges against two defendants for allegedly going to a number of lengths in attempts to steal bitcoin. The regulator announced late Friday that it was charging two individuals using the names Morgan Hunt and Kim Hecroft for "fraudulent solicitation, impersonation of a CFTC investigator and forging CFTC documents"…

Japan’s FSA Expands Crypto Team to Handle Exchange License Reviews
Japan's financial market watchdog is looking to expand its team focused on crypto-related activities next year to better handle the growing interest among Japanese companies in gaining a cryptocurrency exchange license. The Financial Services Agency hosted the fifth study group meeting on cryptocurrency Wednesday, with trading platforms, scholars, lawyers, and government officials present. Kiyotaka Sasaki,…

Ethereum’s ‘Difficulty Bomb’ Timing Hints at an Early Summer Merge
This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto markets. Subscribe to Valid Points here.During Ethereum Core Devs Meeting #124 on Oct. 15, a proposal to push December’s “difficulty bomb” was discussed. According to ETH Hub, the “Difficulty Bomb refers to a mechanism that,…

Three Fronts in the Global Digital Currency Wars
opinion Jeremy Allaire is co-founder, CEO and chairman of Circle, a global financial services company that provides a platform for individuals, institutions and entrepreneurs to build businesses, invest and raise capital with open crypto technologies. The views expressed here are his own. The past several months have brought dramatic new technology, market and regulatory developments…

Binance’s CZ Views ‘CeDeFi’ as a Complement, Not a Competitor, to DeFi
Oct 14, 2020 at 17:30 UTCBinance CEO Changpeng "CZ" Zhao speaks with Leigh Cuen at CoinDesk’s invest: ethereum economy conference.(Screenshot)Binance’s CZ Views ‘CeDeFi’ as a Complement, Not a Competitor, to DeFiCryptocurrency exchange Binance’s latest experiment to integrate decentralized finance with its centralized platform, Binance Smart Chain, is not here to beat DeFi, said the company’s…

Fed Holds Policy Steady, but Sees Just One Rate Cut This Year
As expected, the Federal Open Market Committee of the U.S. Federal Reserve Wednesday held its benchmark fed funds rate range at 5.25%-5.50%, but its economic outlook now calls for just one 25 basis point rate cut this year."In recent months, there has been modest further progress toward the Committee's 2 percent inflation objective," said the