Search Results for "crypto asset"
Bittrex Files Motion to Dismiss SEC Charges
A motion to dismiss the case has been filed on behalf of Bittrex and its co-founder, William Hiroaki Shihara. The motion, filed on July 2, 2023, argues that the SEC lacks the authority to regulate crypto assets as securities and that the Commission has failed to provide adequate notice of the alleged securities law violations.
Even Mark Cuban Isn't Immune: CZ's Essential Guide to Fortifying Your Crypto Assets
Changpeng Zhao, CEO of Binance, emphasized the vulnerability of even experienced crypto users, citing a recent hacking incident. He highlighted the importance of security awareness and practices in the crypto space, pointing to an article he wrote three years ago. CZ highlighted the need for understanding basic security concepts, deciding between storage methods, and using strong passwords and two-factor authentication.
French Bank SocGen Obtains Regulatory Approval to Offer Crypto Assets Services
Société Générale now engages in regulated crypto-related business activities.
Mainstream Adoption of DeFi and DLT Is Coming, It Will Replace Banks, Says US Currency Comptroller
The US acting Comptroller of the Currency disclosed that roles played by banks will soon change due to cryptocurrencies and decentralized finance (DeFi).
Will Crypto Assets Have a Future in Russia After All? State Duma Passes DFA Bill
The State Duma of Russia passed a law regarding digital financial assets (DFA) in the financial bill’s third reading, which determined the fate of Bitcoin and other cryptocurrencies.
EBA Opens Consultation on Liquidity Stress Test Guidelines for Crypto Assets
The EBA is requesting input on draft guidelines for liquidity stress tests for crypto assets, aiming to improve market resilience and comply with data protection regulations until February 8, 2024.
Japan Reduces 30% Crypto Tax On Paper Earnings For Token Issuers
To boost the Japanese banking and IT industries, the government would relax crypto company tax restrictions. Even if they haven't sold, Japanese crypto issuers must pay a 30% corporation tax on their holdings. In recent years, some local crypto/blockchain enterprises and personnel have moved abroad.
WisdomTree Third-Quarter Crypto Assets’ AUM Drop 36% As Market Losses Continue
WisdomTree has seen its crypto assets under management fall by 36% in what the company said has been triggered by the ongoing market turbulence.
Spanish Tax Agency Cracks Down on Crypto Holders
The Spanish Tax Administration Agency (AEAT) is increasing its efforts to collect taxes on crypto assets, with plans to send out 328,000 warning notices to those who should pay their taxes for the 2022 fiscal year. The AEAT has only recently begun to take the matter seriously, with a 40% increase in the number of notices sent from the previous year.
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is set to launch Pantera Fund V, a comprehensive fund aiming to raise over $1 billion, offering exposure to various blockchain-based assets.
All Crypto Assets Correlation Meets Greater Than 60% with Bitcoin
The correlation between Bitcoin and other cryptoassets like Ethereum (ETH) and Litecoin (LTC) is above 60%, as acknowledged by Messari Crypto researcher Mira Christianto.
India Proposes Effective Ban for All Private Crypto Assets, Except a Few In Forthcoming Bill
Most cryptocurrencies appear to be on their last lap in India. The country is set to propose a ban for most digital assets starting at the end of this month.