Celsius Network, a cryptocurrency lending platform, may need to seek approval from creditors for its proposed shift to a Bitcoin mining venture. A U.S. bankruptcy judge expressed concerns about the sudden change, emphasizing the importance of reaching an agreement with the SEC. The judge highlighted that the transformation into a mining business deviates significantly from […]
Facing allegations and scrutiny from regulators and government officials in the U.S., Circle, the stablecoin issuer behind USDC, has issued a statement addressing its purported ties with Hamas and Justin Sun. Circle emphasizes its commitment to stringent compliance standards and its cooperation with law enforcement. The company asserts that it abides by legal measures and […]
The European Central Bank (ECB) is currently grappling with the task of tackling inflation and needs to take swift action to reduce its inflated balance sheet. In comparison to the US Federal Reserve and the Bank of England, the ECB has expanded its balance sheet significantly more in relation to economic output. This surplus liquidity […]
Australia’s new cryptocurrency taxation guidelines have been criticized by an Australian law firm, which suggests that they should be disregarded as they are unclear and essentially worthless. The Australian Tax Office (ATO) released non-binding guidance on November 9, which could impact how investors and traders report their taxes in relation to decentralized finance (DeFi). The […]
Flare Labs, the blockchain research and development arm of Flare network, has launched an initial private beta test of its FAssets on the Coston network. This move aims to bring smart contract capabilities to tokens that currently do not have them. The beta test will cover all major components of the system and involve Flare […]
Swiss asset manager Pando Asset has joined the race for a spot bitcoin exchange-traded fund (ETF) in the United States. Pando Asset, which already offers crypto ETF products in Europe, has filed an S-1 form with the US Securities and Exchange Commission (SEC) seeking approval for its ETF. The company plans to trade its Pando […]
Nexo, a popular trading platform for cryptocurrency investors, has integrated tax calculation software from Koinly into its platform. This integration is seen as a valuable addition for users as it simplifies the process of calculating taxes on crypto investments. Koinly is a widely used tax service in the industry, known for its ability to automatically […]
Sei Labs has announced plans to introduce support for Ethereum Virtual Machine (EVM) on its trading-focused Layer 1 blockchain. This upgrade, set to be released in the first half of 2024, will enable developers to bring Ethereum-based contracts onto the Sei network and utilize them. By doing so, Sei aims to expand its offerings and […]
Sui, a Layer 1 blockchain and smart contract platform, has achieved remarkable growth since its mainnet launch just over six months ago. It has surpassed $150 million in Total Value Locked (TVL), placing it among the top 20 blockchains in TVL. The platform has also surpassed $100 million in bridged stablecoins and has processed more […]
The hacker responsible for the $48 million KyberSwap heist has escalated their demands, now seeking complete executive control over the decentralized exchange (DEX). In an on-chain message sent on Nov. 30, the hacker outlined their updated demands, which include total control of KyberSwap and temporary and full ownership of KyberDAO, the platform’s governance mechanism. They […]
