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Crypto Evening Briefing: 3 Crypto Firms Land on the World’s Top 10 Leading Fintech Unicorns List

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Top Stories

India Raked In Over $19.2M in Crypto Tax in the 2023 Fiscal Year

India disclosed that it made more than $19.2M in tax after new rules subjected income from crypto transfers to a flat tax rate of 30%.

Japan's Finance Ministry to Explore Digital Yen Feasibility: Report

Japan's finance ministry plans to launch an expert panel next month to explore the feasibility of a central bank digital currency (CBDC), or digital yen, public broadcaster NHK reported without saying where it got the information.

3 Crypto Firms Land on the World’s Top 10 Leading Fintech Unicorns List

According to data acquired by Finbold, three cryptocurrency firms with a cumulative valuation of $42.3 billion made it to the list of top 10 leading fintech unicorns globally as of Q4 2022. 

Sam Bankman-Fried to Plead Not Guilty to Bribery, Campaign Finance Charges: Reuters

FTX founder Sam Bankman-Fried will plead not guilty on charges of trying to evade campaign financing laws and attempting to bribe one or more Chinese government officials, Reuters reported on Thursday.

Thailand Considers Lifting THB 300K Retail ICO Limit

Thailand’s Securities and Exchange Commission (SEC) is considering lifting the 300,000 baht (about $8,800) retail investment limit for initial coin offerings (ICO) to stimulate investments in digital tokens.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $28,565.86 USD, jumped by 0.65% in the last 24 hours;

ETH’s live price is $1,802.14 USD, dropped by 0.20% in the last 24 hours;

BNB’s live price is $317.59 USD, jumped by 0.49% in the last 24 hours;

XRP's live price is $0.5441 USD, dropped by 0.50% in the last 24 hours.

Fundraising News

Fetch.ai Seizes $40M Investment Despite Decline in AI Sector Token Performance

Fetch.ai, an AI-focused crypto protocol, has raised $40 million from market maker and investment firm DWF Labs to deploy machine-to-machine tools for greater AI integration.

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  • U.S. Congressman Mike Flood: Looking forward to working with the next SEC Chairman to revoke the anti-crypto banking policy SAB 121

     US House of Representatives will investigate Representative Mike Flood's recent statement: "Despite widespread opposition, SAB 121 is still operating as a regulation, even though it has never gone through the normal Administrative Procedure Act process." Flood said, "I look forward to working with the next SEC chairman to revoke SAB 121. Whether Chairman Gary Gensler resigns on his own or President Trump fulfills his promise to dismiss Gensler, the new government has an excellent opportunity to usher in a new era after Gensler's departure." He added, "It's not surprising that Gensler opposed the digital asset regulatory framework passed by the House on a bipartisan basis earlier this year. 71 Democrats and House Republicans passed this common-sense framework together. Although the Democratic-led Senate rejected it, it represented a breakthrough moment for cryptocurrency and may provide information for the work of the unified Republican government when the next Congress begins in January next year."

  • Indian billionaire Adani summoned by US SEC to explain position on bribery case

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