Tether Becomes 11th Largest BTC Whale
Tether, the stablecoin issuer, has recently become the 11th largest Bitcoin holder globally.
Nigeria’s Regulator Says Binance’s Activities Are Illegal in Country
The Nigerian Securities and Exchange Commission (SEC) issued a notice on July 28, declaring that the activities of crypto exchange Binance are illegal in the country and ordering all crypto platform providers to cease soliciting investors from Nigeria.
Hang Seng Bank Limits Crypto Companies to Simple Accounts
Despite the Hong Kong government making efforts to establish the territory as a crypto hub, local crypto companies are having difficulty in securing corporate bank accounts.
Australia’s Regulator Takes Legal Action Against eToro
Australia’s financial regulator has taken legal action against eToro.
Binance Registered a Crypto Broker-dealer in Dubai
Binance has achieved another step in its efforts to reinforce regulatory ties with the United Arab Emirates.
US IRS Plans to Tax Staking Income
The IRS has recently released a draft supplement to their rules which requires that any rewards gained from staking coins in Proof-of-Stake networks be counted as taxable income.
Galaxy Digital CEO Mike Novogratz Gives Reasons to Buy BTC
Due to a rapid rise in US public debt, Mike Novogratz, CEO of Galaxy Digital, believes that purchasing Bitcoins is a form of capital protection.
