Kumo
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11 months, 3 weeks ago
US Court Approves Protective Order in SEC vs. Binance Lawsuit
A significant development has occurred in the ongoing legal battle between the US Securities and Exchange Commission (SEC) and Binance entities, including CEO Changpeng Zhao. The US court has approved a protective…
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11 months, 3 weeks agoRipple Executive Advocates for Technology-Neutral Approach to Cryptocurrency Regulation
A Ripple executive has emphasized the importance of adopting a technology-neutral approach to cryptocurrency regulation. Navin Gupta, managing director of South Asia, Middle East, and North Africa at Ripple,…
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11 months, 3 weeks agoAustralian Tax Office Clarifies Tax Treatment of DeFi and Crypto Wrapping
The Australian Taxation Office (ATO) has clarified its stance on the capital gains tax (CGT) treatment of decentralized finance (DeFi) and the wrapping of crypto tokens. The ATO has emphasized its commitment to…
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11 months, 3 weeks agoTether's Aggressive Minting Raises Concerns and Sparks Speculation in Cryptocurrency Market
Tether, a major stablecoin issuer, has recently increased its minting of USDT tokens, issuing a significant amount of new tokens in just one month. This aggressive expansion strategy has raised eyebrows in the…
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11 months, 3 weeks agoGoldman Sachs and BNP Paribas Lead Funding Round for Blockchain Payments Firm Fnality
Global investment bank Goldman Sachs and French universal bank BNP Paribas have led a new funding round for blockchain-based wholesale payments firm Fnality. The company has raised £77.7 million ($95.09 million)…
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11 months, 3 weeks agoSEC Poised to Approve Bitcoin ETFs, BlackRock Expands into Crypto ETFs
The United States Securities and Exchange Commission (SEC) is on the verge of making a significant decision that could have a profound impact on cryptocurrency investments. By November 17, the SEC may approve all…
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11 months, 3 weeks agoAustralian Tax Office Clarifies Capital Gains Tax Treatment for DeFi and Token Wrapping
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…
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11 months, 3 weeks agoBinance and SEC Reach Confidentiality Agreement in Landmark Legal Battle
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…
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11 months, 3 weeks agoRipple vs. SEC Lawsuit: Important Dates Set for Remedies Phase
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…
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11 months, 3 weeks agoXRP Price Surges on Deceptive BlackRock Trust Registration
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…
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11 months, 3 weeks agoFactors to Consider When Selecting a Consumer Loan
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…
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11 months, 3 weeks agoFTX Charity Employee Seeks $275,000 Salary Bonus Amidst Bankruptcy Battle
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 bon…
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11 months, 3 weeks agoBinance Clients Fall Victim to $27M Theft and $13M Extortion Scheme
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…
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11 months, 3 weeks agoAsia-Pacific Economic Cooperation (APEC) Summit Focuses on Sustainable Finance and Digital Assets
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…
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11 months, 3 weeks agoCrypto Overtakes Stocks and ETFs as Top Investment Choice for French Retail Investors
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, A…
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11 months, 3 weeks agoUS Cryptocurrency Advocacy Group Opposes Proposed IRS Tax Regulations
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,…
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11 months, 3 weeks agoGoogle Parent Company Alphabet Divests All Robinhood Shares
Alphabet Inc., the parent company of Google, has sold off all of its shares in Robinhood Markets, according to a recent filing. This move comes as trading volumes on the popular commission-free trading app have…
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11 months, 3 weeks agoBithumb Prepares for IPO to Challenge Upbit's Dominance in South Korean Crypto Market
Bithumb, the second-largest cryptocurrency exchange in South Korea, is making strategic moves to prepare for an initial public offering (IPO) on the KOSDAQ market. The exchange aims to challenge Upbit, the leading…
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11 months, 3 weeks agoBinance Blockchain Week Istanbul 2023: Uniting Global Crypto Community in Turkey
Binance Blockchain Week Istanbul 2023 was a resounding success, bringing together various crypto projects in the midst of a challenging market. The event served as a platform for developers working on Web3 to…
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11 months, 3 weeks agoProposed Rule Could Broaden Definition of Brokers in Digital Asset Transactions
Senator Rob Portman clarified on the Senate floor that brokers sell on behalf of someone else and do not just provide ancillary services. However, a proposed rule aims to expand the definition of brokers to include…
