Cryptocurrencies News
- Sujha Sundararajan
Any sold crypto asset, including NFTs, this financial year, need to have a calculated capital gain or loss recorded in the tax return.
- Reuters
FRANKFURT (Reuters) – The European Central Bank may kick off the development of its digital euro, an electronic version of banknotes and coins, by the end of next year, ECB board member Fabio Panetta said on Monday.
- Bob Mason
El Salvador President Bukele is holding a 44-nation gathering today to discuss a range of issues including bitcoin, which will draw plenty of interest.
- Reuters
By Elizabeth Howcroft LONDON (Reuters) – Grayscale will list an exchange-traded fund (ETF) in Europe made up of companies representing the “Future of Finance”, the world’s largest cryptocurrency asset manager said in a statement on Monday.
- Reuters
(Reuters) – Cryptocurrency exchange FTX’s founder has said that bitcoin has no future as a payments network and criticized the digital currency for its inefficiency and high environmental costs, the Financial Times reported https://on.ft.com/3FLyrnL on Monday.
- Martin Young
Intelligence and blockchain analytics firm Elliptic has released a report unraveling what happened to the Luna Foundation Guard’s (LFG) Bitcoin treasury.
- Joel Frank
The two banking behemoths’ participation in the $70 million funding round marks “another validation of the longevity of crypto.”
- Reuters
By Steve Scherer and Julie Gordon OTTAWA (Reuters) – The front-runner to head Canada’s Conservatives and likely challenger to Liberal Prime Minister Justin Trudeau is staging a rare series of attacks on the central bank as inflation soars, in a strategy to win party leadership that
- Varuni Trivedi
The fall of Terra (LUNA) and, subsequently, the larger market has been a “watershed moment” in the history of the cryptocurrency market, according to Binance’s CZ.
- Ana Alexandre
Eddy Alexandre reportedly claimed that the platform’s users would become millionaires within a few years if they invested $100,000.
- Bob Mason
The market got hit by a TerraUSD meltdown to leave bitcoin (BTC) facing the prospect of a seventh consecutive week in the red.
- Reuters
LAGOS (Reuters) – Nigeria’s markets regulator has published a set of regulations for digital assets, signalling Africa’s most populous country is trying to find a middle ground between an outright ban on crypto assets and their unregulated use.
- Bob Mason
Terra Lab CEO and co-founder Do Kwon returned to Twitter this morning, sharing his thoughts and views after a calamitous week for TerraUSD and Terra LUNA.
- Martin Young
If the past week wasn’t bad enough for the crypto industry, reports are emerging that a cyber-attack targeting crypto websites and wallet users has just occurred.
- Reuters
SINGAPORE (Reuters) – Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets.
- Reuters
N’DJAMENA (Reuters) – Central Africa’s regional banking regulator sent out a reminder on Friday about its ban on the use of cryptocurrencies, weeks after the Central African Republic, a member state, made bitcoin legal tender.
- Joel Frank
After dipping under $1.1T in total market cap on Thursday, cryptocurrencies have rebounded to a market cap near $1.3T.
- Sujha Sundararajan
The US Treasury Secretary stressed the risks associated with tokens pegged to USD, however, said they are not yet “real threat to financial stability.”
- Reuters
HONG KONG (Reuters) – Nomura has begun offering bitcoin over-the-counter derivatives to clients, it said Friday, the latest move by a traditional financial institution into the cryptocurrency industry, even as markets are in turmoil.
- Martin Young
Crypto billionaire and FTX exchange chief executive Sam Bankman-Fried has taken a sizeable stake in the online brokerage Robinhood.