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” UK financial watchdog is investigating 50 unauthorized crypto firms “ The United Kingdom’s Financial Conduct Authority, or FCA, has announced it has 50 active investigations as part of its efforts to crack down on unregistered crypto businesses. In a Thursday announcement, the FCA said it had opened more than 300 cases on unregistered crypto…
” Swiss city of Lugano to pay taxes in crypto via Tether partnership “ The city of Lugano, the economic capital of Italian-speaking southern Switzerland, is adopting cryptocurrencies for tax payments as part of a new collaboration with the provider of the Tether (USDT) stablecoin. Tether Operations Limited, the blockchain-based platform that powers USDT, the…
“# Ukraine cancels token airdrop, reveals new NFT plans ” The vice prime minister of Ukraine informed the public on Wednesday that they have decided to cancel the airdrop for crypto donors that was announced on Tuesday and plans to raise more money through the sale of nonfungible tokens (NFTs) instead. After careful consideration we…
“# Tencent files for patent related to virtual concerts in Metaverse ” Chinese tech conglomerate Tencent has filed for a virtual concerts patent with the Chinese National Intellectual Property Administration (CNIPA) according to business data-tracker Qichacha. The application comes as Chinese companies race to secure Metaverse trademarks. Even though the People’s Bank of China (PBoC)…
“# SEC investigating NFT market over potential securities violations: Reports ” The U.S. Securities and Exchange Commission (SEC), led by crypto-skeptical Chairman Gary Gensler, is reportedly investigating NFT creators and marketplaces for securities violations, according to a report from Bloomberg. Anonymous sources in the report claim that the SEC is investigating whether: “certain nonfungible tokens……
“# US lawmakers and Fed chair push for crypto regulation in wake of Russia sanctions ” Federal Reserve Chair Pro Tempore Jerome Powell and some members of the U.S. House of Representatives called for congressional action on crypto in response to discussions about Russia potentially evading sanctions. In a Wednesday hearing of the House Financial…
“# Binance back in Malaysia via a strategic stake in regulated digital exchange ” Binance, the world’s leading crypto exchange by trading volume is returning to the Malaysian markets with a strategic stake in the country’s regulated digital asset trading platfrom MX Global. Binance and Cuscapi Berhad acquired a key stake in MX Global, one of the…
“# Aussie advisory committee lists key factors for easing crypto adoption ” Cyber Security Industry Advisory Committee, the Australian cybersecurity advisor, highlights various crypto-related opportunities for the government to undertake as it prepares for the global mainstreaming of cryptocurrencies. The study released by Australia’s Department of Home Affairs, titled ‘Exploring Cryptocurrencies’, cites the rise in…
“# SEC unable to locate BitConnect founder convicted in $2.4B fraud case ” Indicted by the United States Department of Justice in a $2.4 billion Ponzi scheme, BitConnect founder Satish Kumbhani remains untraced following conviction. In a court filing on Monday, the Securities and Exchange Commission said that the whereabouts of Kumbhani remains unknown. The SEC…
“# Israeli authorities seize Hamas linked crypto accounts ” A set of 30 crypto wallets from 12 exchange accounts that have been linked to the terrorist group Hamas based in the Gaza Strip were seized on Monday by Israeli authorities. Crypto exchange al-Mutahadun held the wallets where 12 accounts were allegedly being used by Hamas…