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…
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…
• Crypto whales are stockpiling altcoins in preparation for the coming bull run. • FightOut (FGHT), D2T, CCHG, RIA, and TARO are all coins that have strong fundamentals and have seen rapid investment in their presales. • Move-to-Earn (M2E) app FightOut stands out among other M2E programs due to its innovative technology which rewards users…
* SOL, the native token of the Solana blockchain, has slumped to under $10 for the first time in months. * The slump in value comes amid a continued stream of negative stories surrounding the Solana crypto ecosystem, as well as the ongoing FTX saga. * Blockchain watchers have pointed out that Alameda wallets have…