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Day: December 1, 2023

  1. Home
  2. 2023
  3. December
  4. 01
  5. Page 2
Celsius Network Faces Potential Vote from Creditors for Shift to Bitcoin Mining Venture
  • bob
  • 2023-12-01
  • Company News
  • Cryptocurrency Innovations
  • North America
  • Regulatory Developments

Celsius Network Faces Potential Vote from Creditors for Shift to Bitcoin Mining Venture

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 […]

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Circle Issues Statement on Allegations and Compliance Standards
  • bob
  • 2023-12-01
  • Company News
  • Cryptocurrency Regulations
  • North America
  • Regulatory Developments

Circle Issues Statement on Allegations and Compliance Standards

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 […]

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  • bob
  • 2023-12-01
  • Central Bank Actions
  • Economic Indicators
  • Europe
  • Market Analysis and Predictions

Eurozone Economy Shows Resilience as ECB Faces Pressure to Speed Up Balance Sheet Reduction

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 […]

Read More
  • bob
  • 2023-12-01
  • Australia
  • Cryptocurrency Regulations
  • Government Policies and Cryptocurrency Adoption
  • Regulatory Developments

Confusion Surrounds Australian Cryptocurrency Tax Guidelines

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 […]

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Flare Labs Launches Private Beta Test for FAssets, Bringing Smart Contracts to Non-Smart Contract Tokens
  • bob
  • 2023-12-01
  • Cryptocurrency Innovations
  • Cryptocurrency Market Analysis
  • Fintech and Blockchain Startups
  • World

Flare Labs Launches Private Beta Test for FAssets, Bringing Smart Contracts to Non-Smart Contract Tokens

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 […]

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Swiss Asset Manager Pando Asset Joins Race for Bitcoin ETF Approval, BlackRock Meets SEC to Revise Application
  • bob
  • 2023-12-01
  • Company News
  • Cryptocurrency Innovations
  • Europe
  • Regulatory Developments

Swiss Asset Manager Pando Asset Joins Race for Bitcoin ETF Approval, BlackRock Meets SEC to Revise Application

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 […]

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Nexo Enhances Trading Platform with Integrated Tax Calculation Software
  • bob
  • 2023-12-01
  • Company News
  • Cryptocurrency Exchanges
  • Cryptocurrency Innovations
  • World

Nexo Enhances Trading Platform with Integrated Tax Calculation Software

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 […]

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Sei Labs to Introduce Ethereum Support in Major Upgrade
  • bob
  • 2023-12-01
  • Company News
  • Cryptocurrency Exchanges
  • Cryptocurrency Innovations
  • World

Sei Labs to Introduce Ethereum Support in Major Upgrade

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 […]

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Sui Blockchain Surpasses $150 Million TVL and Sets New Transaction Record
  • bob
  • 2023-12-01
  • Cryptocurrency Innovations
  • Cryptocurrency Market Analysis
  • Fintech and Blockchain Startups
  • Middle East

Sui Blockchain Surpasses $150 Million TVL and Sets New Transaction Record

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 […]

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KyberSwap Hacker Demands Full Control of DEX in Unprecedented Ultimatum
  • bob
  • 2023-12-01
  • Company News
  • Cryptocurrency Exchanges
  • Financial Scams and Security
  • World

KyberSwap Hacker Demands Full Control of DEX in Unprecedented Ultimatum

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 […]

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