The Australian Taxation Office (ATO) has provided guidance on the tax treatment of decentralized finance (DeFi) and wrapping crypto tokens. The ATO clarified that Australians will be taxed on capital gains when wrapping and unwrapping tokens. This is part of the ATO’s focus on crypto capital gains, which was outlined in May 2022. The transfer […]
In the ongoing legal battle between Binance and the U.S. Securities and Exchange Commission (SEC), a joint motion for a protective order has been filed. This motion aims to establish guidelines for the treatment and disclosure of confidential information during the litigation process. The SEC’s enforcement actions in the cryptocurrency sector have increased under Chair […]
US District Judge Analisa Torres has set important dates for the ongoing legal battle between Ripple Labs and the SEC. The court order outlines the schedule for the remedies briefing and discovery phase of the SEC v. Ripple lawsuit. The key dates to remember are as follows:- February 12, 2024: Remedies briefing officially begins, marking […]
XRP experienced a sudden surge in price due to a deceptive business registration claiming to be a BlackRock XRP trust. The filing, which closely resembled genuine registrations associated with the renowned asset management firm, caused a stir in the cryptocurrency community. The value of XRP briefly increased by about 14% as a result. However, the […]
Consumers in Switzerland can find advantageous consumer loans by using online comparison sites such as comparis.ch, moneyland.ch, and bonus.ch. These platforms provide a comparison of different loan offers from banks and other lenders, displaying information on interest rates, fees, and other conditions.It is important for individuals to carefully review the terms and conditions of the […]
An employee of FTX’s charity wing, Ross Rheingans-Yoo, is seeking payment of $275,000, the remaining amount of his claimed 2022 salary bonus. Rheingans-Yoo’s lawyers argue that only $375,000 of his $650,000 bonus was paid by FTX, with the remaining funds owed when the crypto exchange filed for bankruptcy in November 2022. FTX has objected to […]
Two separate incidents of theft targeting Binance clients have recently come to light. In the first incident, an attacker stole $27 million worth of Tether (USDT) from a victim connected to Binance. While some reports suggest that Binance’s own contracts were hacked, a Binance spokesperson stated that the user made a valid withdrawal from Binance, […]
The Asia-Pacific Economic Cooperation (APEC) summit kicked off in San Francisco, with a highly anticipated meeting between US President Joe Biden and Chinese leader Xi Ping scheduled for November 15. While the focus of the event is on the regional economy, the finance ministers’ meeting is also of great importance. US Treasury Secretary Janet Yellen […]
Crypto has become the preferred investment choice for new retail investors in France, surpassing stocks and exchange-traded funds (ETFs), according to a study conducted by France’s financial markets regulator, Autorité des Marchés Financiers (AMF), and the Organization for Economic Co-operation and Development (OECD). The study revealed that 9% of French adults own cryptocurrencies like Bitcoin […]
The Blockchain Association, a cryptocurrency advocacy group in the United States, has expressed opposition to proposed tax regulations by the Internal Revenue Service (IRS). In a letter submitted on November 13, the association argued that the IRS rules, which aim to regulate the sale and exchange of digital assets, exceeded the agency’s authority and demonstrated […]
