modernsociety
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bob wrote a new post
1 year ago
Opyn Undergoes Leadership Change Amid Regulatory Pressure
Opyn, a prominent options protocol in the decentralized finance (DeFi) space, is undergoing a significant leadership change in response to regulatory actions by the Commodity Futures Trading Commission (CFTC).…
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1 year agoCrypto.com's Dubai Entity Receives VASP License, Boosting Dubai's Position as a Global Hub for Virtual Assets
Crypto.com’s Dubai entity, CRO DAX Middle East FZE, has obtained a Virtual Assets Service Provider (VASP) License from Dubai’s Virtual Assets Regulatory Authority (VARA). This license allows Crypto.com’s Dubai…
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1 year agoAave Resumes Operations After Addressing Security Vulnerabilities
Aave, the decentralized lending protocol, has resolved security vulnerabilities and resumed its operations. The Community Guardian has unpaused Aave V3 markets, indicating that the issues have been resolved. A…
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1 year agoCryptocurrency Industry Opposes Proposed Tax Regulations, Citing Threat to Decentralized Finance
The cryptocurrency industry is pushing back against proposed regulations that would require more entities to disclose digital currency transactions. The US Treasury Department released draft guidelines in August…
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1 year agoUS 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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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1 year 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,…
