A businessman from Hamburg, Thomas S., is left shocked and speechless by a divorce ruling in Switzerland. The ruling, made by the Arbon District Court in 2022, came as a surprise to Thomas, who was unaware of it for a long time.According to his ex-wife’s claims, Thomas had disappeared and was unreachable. However, Thomas denies […]
The United States Securities and Exchange Commission (SEC) has filed a motion in federal court requesting a summary judgment ruling in its case against cryptocurrency exchange Binance. The SEC argues that a recent ruling in a similar case against Terraform Labs and its co-founder Do Kwon supports its enforcement action against Binance, Binance.US, and former […]
A recent survey conducted by ETF issuer Bitwise reveals that only 39% of U.S.-based financial advisers believe that a spot Bitcoin exchange-traded fund (ETF) will be approved this year. The survey, which included participants such as registered investment advisers, financial planners, institutional investors, and wirehouse representatives, asked several questions regarding the approval timeline for a […]
Speculation is running high on social media that the U.S. Securities and Exchange Commission (SEC) is on the verge of approving a spot Bitcoin exchange-traded fund (ETF). This speculation has been fueled by a tweet from Grayscale’s legal chief and a tweet from a TechCrunch reporter citing sources close to the matter. While some analysts […]
The Central Bank of Nigeria (CBN) has given approval to the Africa Stablecoin Consortium (ASC) to pilot the cNGN stablecoin in its regulatory sandbox. The cNGN stablecoin, developed by a collaboration of Nigerian banks and fintech operators, is set to launch on February 27, 2024.The Africa Stablecoin Consortium has stated that the cNGN stablecoin complies […]
Japan has announced a groundbreaking tax exemption for token issuers, signaling its commitment to fostering innovation and attracting investment in the digital asset space. The National Tax Agency of Japan has revised the corporate tax rules, exempting crypto token issuers from paying corporate tax on unrealized gains associated with their token holdings. This exemption is […]
A prominent figure in the cryptocurrency community, Deaton, is calling for a Congressional subpoena of SEC Chairman Gensler due to alleged non-compliance. Deaton has taken to the X platform to express his concerns and has urged public figures such as Elizabeth Warren and Senator Sherrod Brown to fulfill their oversight responsibilities.Deaton’s criticism of Gensler’s stance […]
Asset managers Grayscale Investments and VanEck have filed notices with the United States Securities and Exchange Commission (SEC) to register shares of a spot Bitcoin exchange-traded fund (ETF) on stock exchanges. This follows a similar registration from the Fidelity Wise Origin Bitcoin Fund. The SEC is expected to make a decision on these ETF applications […]
South Korea’s financial regulator, the Financial Services Commission (FSC), has proposed a ban on using credit cards to purchase cryptocurrency. The FSC cited concerns over illegal capital outflows and anti-money laundering risks as the reasons behind the proposed ban. If implemented, this rule would prevent consumers from using credit cards to buy digital assets from […]
South Korea’s financial regulator, the Financial Services Commission (FSC), has proposed a ban on using credit cards to purchase cryptocurrency. The FSC cited concerns over illegal capital outflows and anti-money laundering risks as the reasons behind the proposed ban. If implemented, this rule would prevent consumers from using credit cards to buy digital assets from […]
