UK Financial Reforms Retains Crypto Tax Breaks
Michael ScottThe UK's government commitment to converting the country to a global crypto hub was evident as Prime Minister Rishi Sunak…
Amber Group Terminates Chelsea FC Sponsorship, Announces 40% Job Cuts
Amber Group announced downsizing its staff by 40%, ending Chelsea FC sponsorship and terminating retail operations, citing FTX fallout. The…
SEC Pens Letter Demanding Updated Disclosures from Companies Amidst Disruptive Crypto Markets
SEC penned a letter to all public companies directing them to update disclosure obligations. Besides, the letter urges public companies…
BlockFi Gagged Employees against Disclosing Risks of Concentrated Borrower Pools
The ongoing bankruptcy proceedings in the New Jersey District court revealed BlockFi discouraged employees from describing the risks of concentrated…
EU Levels Tax Reporting Requirements for Crypto Firms
The EU's new directive aims to create uniform tax reporting guidelines for all crypto operators. Standardized tax reporting will apply…
Intercontinental Exchange CEO Supports Senator Elizabeth Warren’s Bill to Regulate Cryptos as Securities
Intercontinental Exchange Inc (ICE) chief executive Jeffrey Sprecher supported Senator Elizabeth Warren's bill that proposes sweeping powers for SEC oversight…
Aave Companies Nets Metaverse Developer Sonar
Aave Companies confirmed the purchase of Sonar- a metaverse developer that allows players to interact with user-created spaces via non-fungible…
ASIC Reveals How FTX Bypassed Full Checks to Acquire Aussie License
The Australian Securities and Investments Commission (ASIC) chair Joseph Longo, demonstrated the need to seal regulatory loopholes exploited by the…
Nexo Quits US, Cites Absence of Regulatory Clarity
Nexo, a crypto lending platform, announced its US exit citing the absence of regulatory clarity. Nexo's official communication on December…
USDC Issuer Circle Ends SPAC Merger Deal with Concord
Circle officially confirmed the mutually terminating merger between Concord and Special Purpose Acquisition Company (SPAC). The issuer of USD stablecoin…
Malta Set to Review NFTs Regulatory Treatment
Malta announced plans to revise the treatment of nonfungible tokens from the country's framework for virtual financial assets. The recent…
Maple Finance Terminates Business with Orthogonal Trading
DeFi lending protocol has announced ending its business engagement with Orthogonal Trading following the discovery of the latter's material misrepresentation…
Pakistan State Bank Approves Law to Expedite CBDC Rollout
Pakistan’s State Bank (SBP) portrayed its devotion for the timely central bank digital currency (CBDC) launch by signing facilitative laws…
Cardano’s Plans for Algorithmic Stablecoin Causes Anxiety
The announcement by Cardano of rolling out algorithmic stablecoins has evoked concerns in the crypto community members. The statement confirming…