The Australian Treasury’s recent announcement regarding the regulation of cryptocurrency exchanges has garnered significant praise from local crypto exchanges. With plans to integrate cryptocurrency exchanges within existing financial services licensing measures, the Treasury aims to provide regulatory clarity and introduce…
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Coinbase Alleges IRS Pursues ‘Unlimited Tracking’ Power in Proposed Tax Rules
In a concerted effort to tackle tax evasion in the realm of cryptocurrencies, a group of influential senators, led by Democrat Elizabeth Warren and Independent Angus King, is urging the Internal Revenue Service (IRS) to expedite its implementation of regulations.…
Breaking New Ground: Launch of the First Tokenized Security on Coinbase’s Base Protocol
Welcome to our comprehensive guide on the groundbreaking launch of the first tokenized security on Base, the scalability layer of Coinbase. In this article, we’ll delve into the exciting world of decentralized finance (DeFi) and explore how Backed.fi, a leading…
Bitstamp Crypto Exchange to End Canadian Operations by 2024
Major cryptocurrency exchanges are steadily exiting the Canadian market, citing complex regulation and lack of clarity as primary reasons. This exodus leaves traders with limited options and raises concerns about stifling innovation in the country. The departures started earlier this…
SEC Urges Judge to Reject Coinbase Motion to Dismiss Lawsuit
In a significant legal development, the U.S. Securities and Exchange Commission (SEC) has filed a motion urging a federal judge to deny Coinbase Global’s motion to dismiss the regulator’s lawsuit against the popular cryptocurrency exchange. This move by the SEC…
Here’s The Reason Solana Is Thriving Despite The FTX Case
It is nothing short of a surprise that Solana continues to show a remarkable surge despite the FTX case on the ground. So, it is no news that the FTX case is a complex legal matter. The fact that FTX,…
UK Regulator Identifies Over 140 Crypto Exchanges, Including Huobi and KuCoin, as Non-Authorized
In recent developments, the Financial Conduct Authority (FCA) of the United Kingdom has added over 140 cryptocurrency exchanges to its list of non-authorized firms. This move by the regulatory body sends a clear message to consumers, urging them to exercise…
SBF Lawyers Disgrace Him in Court, Blames CZ Binance and Ex-Girlfriend for FTX Collapse
The FTX collapse was a massive occurrence in the crypto industry. So, the trial is already running, and SBF lawyers are shifting the blame to CZ Binance and Caroline Ellison. Here’s what they said. SBF Lawyers Blame CZ Binance and…
You Didn’t Know That CZ Binance Declined a Massive $40 Million Corny ‘Investment Offer’ From Sam Bankman-Fried
There are many things people don’t know about the relationship between CZ Binance and Sam Bankman-Fried. So, Michael Lewis’ book “Going Infinite” provides an explanation for many mysteries between these two. One of them was a corny business deal from…
FTX Customers Who Lost Fortunes on Bankrupt Exchange Double Down on Crypto
In the wake of FTX’s catastrophic cryptocurrency collapse, an unexpected narrative is emerging – one of unwavering faith in the industry’s future. Despite the loss of billions, investors and insiders are revealing their determination to persist with their crypto investments.…