Brazil to Impose 15% Tax on Crypto Earnings Held on Offshore Exchanges: Report
The bill is awaiting presidential approval. Source
Read More
Report
Capital flight from Binance subsidies: Report
It appears that withdrawals from crypto exchange Binance have largely subsided after its $4.3 billion settlement with the U.S. Department of Justice last week. Data from blockchain analytics firm Nansen shows that Binance witnessed a net inflow of $87.4 million in Ethereum token deposits in the past seven days. Meanwhile, the
Read More
Central Banks Aren’t Sufficiently Ready for CBDC Risks: BIS Report
"A key risk are the potential gaps in central banks’ internal capabilities and skills," the report by the BIS Consultative Group on Risk Management said. The central banks of Brazil, Canada, Chile, Colombia, Mexico, Peru and the United States are represented in the group. Source
Read More
Zipmex Restructuring Plan Offers Creditors 3.35 Cents on the Dollar: Report
The figure could rise to as high as 29.35 cents on the dollar depending on recoveries in relation to its debt restructuring plan. The proposals have been pushed back by major creditors, who have requested a review of Zipmex's assets and liabilities, Bloomberg reported. The Singapore-based exchange has $97.1 million
Read More
SEC still looking for potential FTX-style fraud at Binance.US: Report
The United States Securities and Exchange Commission is still looking for evidence that Binance.US had a backdoor to potentially control customer assets in a similar style to FTX, according to a Nov. 27 report by the Wall Street Journal.In June, the SEC filed a lawsuit against Binance and Binance.US, alleging
Read More
Hamas And Hezbollah Pick Tron Instead Of Bitcoin In Crypto Shift, Report
TRON (TRX), a blockchain-based digital platform, has surpassed Bitcoin (BTC) as the platform of choice for financial transfers by groups such as
Read More
Bitcoin critic, ECB chief Lagarde says her son ‘ignored’ her, lost money on crypto: Report
European Central Bank (ECB) president and prominent Bitcoin (BTC) critic Christine Lagarde has shared a family story about unsuccessful cryptocurrency investments, according to a report from Reuters.Lagarde told students at a town hall in Frankfurt on Nov. 24 that her son lost “almost all” of his investments in crypto
Read More
It sounds fishy, but SBF really IS trading mackerel in prison: Report
The crypto trading days of former FTX CEO Sam Bankman-Fried are over, and the recently convicted founder has found a new thing to trade while in jail — fish. The Wall Street Journal reported on Nov. 23 that Bankman-Fried recently traded four packets of Mackerel — known in prison as “macks”
Read More
CoinFLEX creditors dissatisfied with restructuring to OPNX: Report
Some creditors of cryptocurrency futures exchange CoinFLEX are alleging that OPNX, a new crypto exchange established in part by Three Arrows Capital (3AC) co-founders Kyle Davies and Su Zhu, was created using CoinFLEX assets without their consent. According to a writ of summons filed in the High Court of Hong Kong
Read More
South Korea to Pilot CBDC With 100,000 Citizens in 2024: Report
The project will see 100,000 people - roughly 0.2% of the country's population - be able to purchase goods with tokens issued by commercial banks in the form of CBDC. Use will be restricted to purchasing goods, with other uses such as remittance not permitted. Source
Read More