The New York Department of Financial Services (NYDFS) is reportedly investigating Paxos, a prominent player in the stablecoin market and issuer of Binance USD (BUSD) and the native Paxos stablecoin USDP. Paxos has applied for a full banking charter and has obtained the coveted BitLicense from NYDFS as well as a Major Payments Institution license…
• The Russian finance ministry has launched a fresh attempt to tax crypto miners in a bid to surmount obstacles thrown up by the nation’s Central Bank and law enforcement agencies. • The ministry hopes to evade the impasse by using the nation’s tax code regulations. • Legislative changes to the tax code would require…
• Calvaria is a blockchain gaming platform that combines multiple Web3 concepts in a simple and engaging game. • Players can create characters, represented by non-fungible tokens (NFTs), and use decks of trading cards to battle each other for rewards. • The platform has raised over $2.83 million from its presale and only 8% of…
Trade Republic is an online broker platform that is based within Berlin, Germany. It is a full-fledged trading and investment platform. Trade Republic is overseen through the German Financial Supervisory Authority (BaFin). It gives investors a cost-effective and easy way to get access to the market for stocks. Trade Republic has quickly become one of…
Xiaomi is among the top smartphone brands that is growing fast worldwide. This Chinese company has established an impact through the production of high-end phones that are affordable. Xiaomi offers a broad selection of handsets to choose from which include affordable, mid-range, and top-of-the-line models. With so many options to choose from, it can be…
1. South Korean crypto exchange Bithumb has been hit with a double whammy from the South Korean tax and legal authorities. 2. The National Tax Service has launched a special tax investigation into Bithumb Korea and Bithumb Holdings. 3. Prosecutors have summoned its suspected largest shareholder for questioning. The South Korean crypto exchange Bithumb has…
• Max Krupyshev, CEO of CoinsPaid, gave an exclusive interview with cryptonews.com, talking about crypto payment ecosystems, 2022 year in review, and trends to expect in 2023. • He discussed lessons learned from the failures of Terra, FTX, Celsius, BlockFi and also discussed which countries can become the leaders in terms of crypto adoption in…
• The SEC has objected to Binance.US’s attempt to buy up assets from the bankrupt crypto lender Voyager Digital. • The SEC requested more information about the deal and the nature of the planned business operations after Voyager assets have been taken over by Binance.US. • The purchase price for Voyager is $20 million, in…
• An expert in Russia stated that international sanctions are driving the adoption of cryptocurrencies in the country. • Russia is looking to legalize crypto mining and will require miners to pay taxes on their profits. • Pro-industry forces in the government are opposed to the ban on cryptocurrencies proposed by the Central Bank. Russia…
• The Chinese government has announced plans to launch its own version of a state-backed non-fungible token (NFT) marketplace. • The platform will go live on January 1 and become an official “secondary market for digital assets that comply with national regulations.” • Unlike the rest of the world, NFTs in China will be minted…