Regulations
U.S. Crypto Tax Proposal Lets Miners Off the Hook, Snares ‘Some’ Decentralized Exchanges
The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the future requirements.
Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says
A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets.
Prime Trust Lost $8M in Doomed Terra Stablecoin Investment, CEO Says
A separate 2021 wallet bungle by the crypto custodian, taken into receivership in July, cost it $76 million, a court filing said
FTX, BlockFi, Genesis Customer Data Compromised in Kroll Hack
A ‘cybersecurity incident’ affected Kroll, which gathers customer claim data on behalf of bankrupt companies.
FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions
The bankrupt exchange wants to return funds to creditors in dollars without denting value.
FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Day
Creditors are lamenting the rapid drain of cash from the global exchange’s bankruptcy as the process stretches over more months.
Tornado Cash Devs Charged With Helping Hackers Launder $1B, Including Infamous North Korean Attacks
Both Roman Semenov and Roman Storm were charged; Storm was arrested.
Australia's CBDC Likely Some Years Away, Central Bank Says
The report said that in a way a "CBDC could be viewed as an enabling complement to, rather than substitute for, private sector innovation."
Ex-OpenSea Executive Nate Chastain Gets 3 Months in Prison for Insider Trading
Chastain was found guilty on charges of buying and selling NFTs from collections he knew would later be featured on his former company’s home page.
Privacy Mixer Tornado Cash Is an Entity, Judge Says
We have yet another court ruling finding a decentralized autonomous organization is an association.
