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CertiK: Crypto Social Media Scams Surge

CertiK: Crypto Social Media Scams Surge

CertiK discusses the growing threat of crypto scams on social media, citing a FTC report revealing over $1 billion lost in the 18 months leading to June 2022, with nearly half coming from social media interactions. It suggests preventive measures like hardware wallets and smart contract security audits.

ECB Report: Striking the Balance Between Allowing Privacy and Ensuring Compliance with CBDC

ECB Report: Striking the Balance Between Allowing Privacy and Ensuring Compliance with CBDC

The European Central Bank has recently developed an “anonymity voucher” to safeguard potential central bank digital currency (CBDC) users’ privacy for low-value retail transactions, while ensuring that high-value transfers are subject to anti-money laundering (AML) approvals.

Crypto Firm Bakkt Reports $1.5B in Impairment Losses in Q3

Crypto Firm Bakkt Reports $1.5B in Impairment Losses in Q3

Bitcoin firm, Bakkt announced its Q3 performance report with a loss of $1.5B impairment loss

Revolut faces issues with 2021 annual report

Revolut faces issues with 2021 annual report

UK-based fintech Revolut, known for its crypto-friendly services, experienced issues with its annual report for 2021, despite reporting its first-ever full year of profit. Independent auditors confirmed the report’s accuracy, but noted certain qualifications related to the report.

PwC Reports Huge Shift in M&A and Fundraising from US to Asia and EMEA in 2019

PwC Reports Huge Shift in M&A and Fundraising from US to Asia and EMEA in 2019

In 2019, crypto fundraising and M&As began migrating over to Asia, Europe and the Middle East and saw a lack of new VC investments as the majority of funding came from crypto firms within the industry, according to PWC’s latest report released on April 6.

Coinbase Q3 Financial Data Lower Than Expected, Stock Falls

Coinbase Q3 Financial Data Lower Than Expected, Stock Falls

Coinbase's Q3 financial data revealed that the total net income and the earnings per share owned by shareholders were lower than what analysts had expected.

Coinbase Reports $1.8 Billion Total Revenue for Q1 2021 and Outperforms Its 2020 Figures

Coinbase Reports $1.8 Billion Total Revenue for Q1 2021 and Outperforms Its 2020 Figures

Coinbase released its Q1 report showing an estimated revenue of $1.8 billion and 6.1 million monthly transacting users.

Cash App Integrates TaxBit for Streamlined Crypto Tax Reporting

Cash App Integrates TaxBit for Streamlined Crypto Tax Reporting

Cash App has integrated TaxBit into its services, allowing Bitcoin holders to easily report their taxes. Cash App users can track their Bitcoin transactions for tax reporting purposes through TaxBit’s platform. TaxBit simplifies tax reporting for everyone who has integrated digital assets into their portfolio. The IRS set Jan. 23 as the start of the 2022 tax filing season and reminded taxpayers of their crypto income reporting obligations, including capital gains from trading, mining, and staking activities.

BIS and Central Bank Research Identifies Principles and Core Features For CBDC Issuance

BIS and Central Bank Research Identifies Principles and Core Features For CBDC Issuance

The BIS along with seven central banks has released a report identifying the principles necessary for CBDCs to help central banks meet their public policy objectives.

El Salvador Lags Behind as Spain Overtakes to Become Third Largest Crypto ATM Hub

El Salvador Lags Behind as Spain Overtakes to Become Third Largest Crypto ATM Hub

With a total of 215 crypto ATMs hosted in Spain, the country has now outpaced El Salvador, which is home to 212 crypto ATMs, down to the fourth position, following Spain’s third position.

White House Report Casts Doubt on Cryptocurrencies

White House Report Casts Doubt on Cryptocurrencies

The White House's Economic Report includes a chapter questioning the benefits of cryptocurrencies, with 35 pages dedicated to debunking them. It argues that crypto assets fail to deliver on their promised benefits, and that they are too volatile to be a stable store of value or reliable medium of exchange.

Circle Publishes Inuagural USDC Reserve Treasury Report for June

Circle Publishes Inuagural USDC Reserve Treasury Report for June

Co-Founder and CEO of Circle, Jeremy Allaire has announced the release of the company’s first monthly USDC reserve report for the month of June

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