Huobi 2022–2023 Annual Report: Crypto Market Bottom in Early 2023
The Non-fungible token (NFT) bubble seemed to have busted as its number of active users fell by 88.9% and the total market cap declined by 42% from a high of $35 billion to $21 billion.
European Union to ‘Level Playing Field’ for Crypto Firms With Uniform Tax Rules
Companies of any size processing crypto transactions for customers in the European Union will soon need to report these for tax purposes under proposed legislation.
US Watchdog Says Banks Shying Away From Stumbling Crypto Industry
U.S. banks have been cooling off on their crypto interest since this year’s twin eruptions of Terra/LUNA and FTX, said Michael Hsu, the acting chief of the Office of the Comptroller of the Currency (OCC).
PayPal Pushes Crypto Services For Europe Expansion With Luxembourg Launch
Financial service behemoth PayPal has announced expanding its crypto service to Luxembourg soon in its first foray into the European Union (EU).
Crypto Hedge Fund BKCoin Fired Co-Founder Kang Over Misappropriated Investor Funds
Crypto hedge fund BKCoin fired co-founder Kevin Kang in October for allegedly misappropriating $12 million in assets from three multi-strategy funds<a href="https://www2.miami-dadeclerk.com/ocs/ViewerPDF.aspx?QS=c5IYpK185bY23cLz6BVS3OZjSma9F6nnQySIhHZGBLkQk%2fn9xZFU%2fL%2f0aRq2uP1e2XLhdBMGEy5ZXt4dz9rywYCCxltgLt10z5YWbFvLiUpjOBE%2bOA311PTpSNE2bMBtpVnW9cAaik7nNWxpQIa02hOREUkr%2fjhuIhq4uaqdWEKIfliAm0o4Dmz9rYTD9CwRML03GRy0Z0%2fi0G8o4N1%2bMtSEvle2PKd9k1vHB76LL5kokLWcH3b4R4mpjJK%2bGgvlgg9VbIqaDaXyZDn7T1hN%2fd451WOukd9jDdxKSJKPiisbLjgCr2spgKHdh53SaiU1Y082GetUwTP2gdNoNs6gUr%2bZV6FjSo6AUU%2fV4Sk0HEdTeq4b5TPx%2bikJaxS6cOebq1F8HA%2be2sU%3d" target="_blank">, according to filings</a> with a Florida district court. The court documents date back to Oct. 28 but have largely gone unnoticed.
New Report: November Month Alone Saw Record-Breaking $4.88 Billion Worth of Crypto Lost or Stolen – Here’s What Happened
As much as $4.88bn worth of crypto were either lost or stolen in November, with one incident alone accounting for a whopping $2.8bn, a new report from DappRadar has revealed.
3 Best Strategies to Keep your Crypto Portfolio Safe from Hackers
Although the following seven guidelines cannot guarantee that your assets will be completely safe from theft, they will offer you the best possible defense.
Aptos & Livepeer Collaborate & Boost Next-Gen Creator Economy
The mutually beneficial collaboration of Livepeer and Aptos is good news. Incidentally, Livepeer is a decentralized video-streaming network, joining up with Aptos. It will now be in the position of offering a completely uninterrupted and smoothly functioning viewing experience to all of its connected users. To provide further benefits and offer convenience to its users, this joining hands of the two entities will see the users and creators receiving a massive boost in being extremely user-friendly and cost-effective.
EU Crypto Taxation Proposal Will Target Firms All Over the World
Companies offering crypto services to residents of the European Union will need to comply with tax reporting rules to close tax evasion gaps.
Signature Bank Shrinks Crypto-Tied Deposits by $8–10B
Crypto-friendly Signature Bank (SBNY) announced that it would shrink its deposits tied to crypto assets by $8 – $10 billion.
