Month: December 2022
FTX Contagion Haunts Yet Another Crypto Trading Firm
Aurus has not yet officially confirmed the issue but M11 Credit assured working on a joint statement.
Kevin O’Leary, Bill Ackman Slammed for Defending Sam Bankman-Fried — ‘I Think SBF Is Telling the Truth’
Shark Tank star Kevin O’Leary and billionaire hedge fund manager Bill Ackman have been slammed for stating that they believe Sam Bankman-Fried (SBF) was telling the truth that he “didn’t knowingly commingle funds.” The former CEO of the collapsed crypto exchange FTX also said he “wasn’t running Alameda,” so he “didn’t know exactly what was […]
Bitcoin’s Value Artificially Inflated and Rarely Used for Legal Transactions, Says ECB
Bitcoin has a regulation problem, i.e., major regulatory agencies do not understand it.
Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out
A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by the Senate. The proposal left out two planned tax exemptions for green mining operations and the issue of segregating customer assets from company funds for […]SBF Says FTX US Should be Solvent, Unsure Why Withdrawals Not Enabled
Sam Bankman-Fried maintains that FTX US is fine, despite filing for bankruptcy in November.
Animoca Brands Unveils $2B Metaverse Fund
The fund is yet to raise any money, though, the Animoca executive chairman said.
Italy to Start Taxing Crypto Trading Gains From 2023 (Report)
The Italian government intends to impose a 26% tax rate to local investors who gain over $2,090 per year from crypto trading.
US Treasury’s Yellen Says Crypto Doesn’t Have Adequate Regulation — Calls FTX Collapse ‘a Lehman Moment’
U.S. Treasury Secretary Janet Yellen says that the collapse of crypto exchange FTX shows that the crypto industry “really needs to have adequate regulation.” She added: “It’s a Lehman moment within crypto, and crypto is big enough that we’ve had substantial harm with investors.” Treasury Secretary Janet Yellen on FTX Implosion and the Need for […]Genesis Creditors Onboard Restructuring Lawyers, Exploring Ways to Avert Bankruptcy
FTX’s bankruptcy has already battered the crypto market. Genesis creditors are now trying to avoid a similar fate.
Elon Musk Warns of Severe Recession — Urges the Fed to Cut Interest Rates Immediately
Tesla CEO and Twitter boss Elon Musk has warned of a severe recession in the U.S. The billionaire stressed that the Federal Reserve needs to cut interest rates “immediately,” emphasizing that the Fed is “massively amplifying the probability of a severe recession.” Elon Musk Warns About Severe Recession Tesla CEO and Twitter chief Elon Musk […]
