Stands for Application Programming Interface, a software intermediary that helps two separate applications communicate with one another. They define methods of communication between various components.
Investor due diligence in the failing crypto-exchange FTX has sparked concerns from the Commodity Futures Trading Commission (CFTCP). VCs had to write down their multimillion-dollar investments to practically nothing, raising "serious doubts" about their responsibility.
Silvergate Capital, owner of Silvergate Exchange Network and Silvergate Bank, was sued in a class action. The complaint says Silvergate's platform missed $425 million in money laundering. The action argues the class might comprise hundreds or thousands of New York Stock Exchange-traded Silvergate shares.
3Commas, a crypto trading business, denies social media screenshots. To freeze exchange accounts, CEO Yuriy Sorokin recommends filing a police case. The business says phishing attempts "contribute" to thefts.
Italy will restrict digital currencies in 2023. Cryptocurrency trading earnings above 2,000 euros ($2,062) will incur a 26% capital gains tax. As "foreign money," digital currencies have enjoyed reduced tax rates. Portugal wants to tax cryptocurrency capital gains at 28%.