Nearly 50 national governments have jointly pledged to implement new international tax reporting standards for cryptocurrency transactions. The commitment comes via a statement published on November 10th regarding the Crypto-Asset Reporting Framework (CARF). CARF was developed by the Organisation for Economic Co-operation and Development (OECD) based on a mandate from G20 nations in April 2021. […]
Ethereum (ETH) prices surged on Thursday after asset management firm BlackRock filed an application with the Securities and Exchange Commission (SEC) for a spot ETH exchange-traded fund (ETF). ETH rose above $2,000, gaining 10% over the past 24 hours. The rally came after BlackRock registered an entity called “iShares Ethereum Trust” in Delaware on Wednesday, […]
Leading Australian cryptocurrency exchange CoinSpot was the victim of a hack resulting in over $2.4 million worth of ether being stolen, according to blockchain analysis. The incident appears to have occurred via a compromised private key that enabled the hacker to withdraw funds from CoinSpot’s hot wallet. Analytics firms tracked the stolen funds as they […]
Yuga Labs has revealed that UV-A-emitting lights were likely the cause of vision, eye pain, and skin issues reported by attendees of their ApeFest event in Hong Kong last week. The nonfungible token (NFT) company behind the Bored Ape Yacht Club conducted a joint investigation with event producer Jack Morton Worldwide following complaints from at […]
HSBC, one of the world’s largest banks, announced plans to launch an institutional-grade custody service for digital assets in 2024. The service will enable institutional investors to safely store tokenized securities on blockchain networks. The custody platform is being developed in partnership with Metaco, a Swiss digital asset security company. It will provide secure storage […]
Cryptocurrency payments network Ripple is collaborating with African fintech Onafriq to open three new blockchain-enabled remittance routes connecting Africa with the UK, Gulf nations, and Australia. The partnership will allow seamless cross-border payments between Onafriq mobile wallet users in Africa and customers of PayAngel, Pyypl, and Zazi Transfer in the partner regions. The collaboration was […]
Meme-inspired cryptocurrencies Shiba Inu (SHIB) and Dogecoin (DOGE) have seen a resurgence of interest and capital inflow compared to the more subdued action in Bitcoin and other large-cap assets. Data from analytics firm Velo shows open interest in SHIB futures contracts has jumped 23% since November 1st. DOGE saw a 14.6% increase over the same […]
Rain Lõhmus, founder of LHV Bank in Estonia, has revealed that he was the original owner of 250,000 Ether from the Ethereum ICO launch, now valued at an astonishing $470 million. However, in an interview on Oct. 31 with ERR News, Lõhmus admitted that he lost the keys to access the funds years ago and […]
Bankrupt crypto exchange FTX has requested the bankruptcy court in Delaware allow it to sell certain key trust fund assets valued at around $744 million. The proposed sale includes assets from crypto asset manager Grayscale Investments and custody service provider Bitwise. In a court filing on November 3, FTX debtors asked the court for permission […]
UK financial regulators laid out proposals to oversee systemic stablecoins pegged to the British pound in discussion papers published on Monday. The Bank of England (BOE) said stablecoins linked to the pound pose the greatest risk of widespread use for payments. As such, the BOE plans to regulate systemic stablecoins and their issuers directly. Meanwhile, […]