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.
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."
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).
More than a week after New York regulators shut down crypto-friendly Signature Bank, Coinbase has reportedly stopped supporting the agency’s Signet payments platform
On March 20, GameFi project Gala Games announced its recent lawsuit against pNetwork, the cross-chain interoperability bridge used by Gala on the BNB Smart Chain. Gala Games exploited after unauthorized wallet addresses minted over $2 billion in GALA
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".
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.
Just a week after the collapse, deposits and loans at Signature Bank will be sold to Flagstar Bank, a subsidiary of New York’s community bank — but cryptocurrency-related deposits will not be part of the deal.
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.
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.
UBS has agreed to buy its struggling rival Credit Suisse for $3.25 billion on March 19 as part of an "emergency decree" to prevent financial market instability.
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.
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.
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.
DefiLlama, a decentralized financial analytics platform, appears to have resolved a conflict within its team that earlier threatened to "fork" the platform.
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.
