Industry
IRS Calls for Public Feedback on Taxing NFTs as Collectibles
The IRS said it plans to issue guidance on treating non-fungible tokens, or NFTs, as collectibles under U.S. tax laws. In a March 21 notice, the IRS called on the American public to provide feedback on how NFTs could be taxed as collectibles.Herman HayesMagic Eden Launches Bitcoin Ordinals Marketplace
Non-fungible token marketplace Magic Eden has launched its own "fully audited" Bitcoin Ordinals marketplace to capitalize on the surge in interest in "Bitcoin NFTs."Herman HayesManta Network Seeks to Bring Privacy to Non-Fungible Crypto Assets with New NPO Platform
Zero-knowledge layer-1 blockchain Manta Network announced on March 20 that it has added support for assets to its protocol, including non-fungible tokens (NFTs) and soul-bound tokens (SBTs).Herman HayesCoinbase Suspends Support for Signet Bank's Signet
More than a week after New York regulators shut down crypto-friendly Signature Bank, Coinbase has reportedly stopped supporting the agency’s Signet payments platformHerman HayesOKX will cease operations in Canada on June 22, 2023
On March 20, cryptocurrency exchange OKX notified Canadian users via email that the company "will no longer provide services or allow users to open new accounts in Canada starting March 24, 2023 at 12:00 AM EST," The reason is "new regulations".Herman HayesAustralian Banking Association's cost of living survey reveals stress on banks
Australia's banking trade association - the Australian Banking Association (ABA) - has launched a cost of living survey to closely examine the impact on Australians of the COVID-19 pandemic, global supply chain constraints, geopolitical tensions and more.Herman HayesBitcoin ATM Maker Shuts Down Cloud Service After Compromising Users' Hot Wallets
Bitcoin ATM maker General Bytes shut down its cloud service after discovering a "security hole" that allowed attackers to access users' hot wallets and obtain sensitive information such as passwords and private keys.Herman HayesFed, central banks step up 'swap lines' in response to banking crisis
The U.S. Federal Reserve has announced a coordinated effort with five other central banks aimed at keeping dollars flowing amid a series of banking collapses in the U.S. and Europe.Herman HayesDefiLlama forks as internal dispute unfolds
A dispute within DefiLlama, a decentralized finance analytics dashboard, led to the platform being forked by one of its employees over the weekend.Herman HayesCredit Suisse bailout could include nationalizations, bondholder losses
A rescue plan for Swiss banking giant Credit Suisse could cost its bondholders and even lead to the full or partial nationalization of Credit Suisse Group, according to multiple reports on March 19.Herman HayesSBF Provided FTX Risk Model to FDIC Chairman Gruenberg Before Collapse
Before cryptocurrency exchange FTX and its founder Sam Bankman-Fried (SBF) were charged for allegedly misappropriating user funds, SBF was one of the most influential cryptocurrency entrepreneurs.Herman HayesEuler Finance to negotiate return of funds with exploiters
Ethereum-based lending protocol Euler Finance may be one step closer to recovering funds stolen in last week's $196 million flash loan attack, and has now begun private discussions with the attackers.Herman HayesDefiLlama resolves internal strife, sends LLAMA tokens plans alpaca'n
DefiLlama, a decentralized financial analytics platform, appears to have resolved a conflict within its team that earlier threatened to "fork" the platform.Herman HayesCrypto.com Client Charged With Spending $7 Million Released on Bail
A Crypto.com customer who accidentally sent $6.95 million from an exchange in 2021 and then allegedly went on a spending spree has been released on bail in Australia, although $2 million in funds remains unaccounted for.Herman HayesElon Musk mocks Jim Cramer's market advice
The owner of Twitter and one of the richest men on the planet - Elon Musk - posted a sarcastic tweet about Jim Cramer's latest market forecast.Seth RowdenFTX Youtube Influencer Hit With Class Action Lawsuit
A group of high-profile YouTubers is facing a class-action lawsuit from FTX investors who allege influencers promoted an allegedly fraudulent cryptocurrency exchange.Seth RowdenSolana NFT slump leads Formfunction to shut down the market
Formfunction, a Solana (SOL)-based non-fungible token (NFT) marketplace, has announced it will be closing shop after only 13 months of operation due to declining Solana NFT prices and trading volume.Seth RowdenThe U.S. Credit Tightness Means It’s Time to Buy Gold and Bitcoin
The U.S. Is Heading For A Credit Crunch, Now Is The Right Time To Buy Gold, Silver And Bitcoin, said Michael Novogratz, founder and CEO of Galaxy Digital.Seth RowdenCoinbase Meets Australian Banking Regulator Over Local Crypto Regulations
The Reserve Bank of Australia and Treasury have been holding private meetings with Coinbase executives to discuss the future of crypto regulation in Australia.Seth RowdenCBDC could provide smooth cross-border payments, says Bank of Israel official
At Tel Aviv Fintech Week 2023, Yoav Soffer, advisor to the Deputy Governor of the Bank of Israel, addressed the topic of central bank digital currencies (CBDCs) as an effective cross-border payment option.Seth Rowden
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View more- 1S&P 500 Reclaims 200-Day Moving Average, Bitcoin Gains
- 2Trump Softens His Stance on Reciprocal Tariffs, US Stocks and Crypto Markets Rise
- 3Vitalik Buterin : The current price of ETH has not been affected by the merger event
- 4Vibhu Norby : Solana Spaces store to bring 100K people to Solana per month
- 5CZ: compared with the record high nine months ago, the current situation of the industry is much better











