US’ IRS Files Lawsuit against FTX Group of Companies
The IRS has filed 45 lawsuits against the bankrupt FTX exchange and its subsidiaries, seeking a total of $44 billion.
Coinbase CEO Believes SEC Went on a Crusade Against Crypto Industry
Coinbase CEO Brian Armstrong has expressed his opinion the US Congress, CFTC and other federal bodies have come to a consensus on the need for clear regulations of the crypto industry.
PayPal Holds $1 Billion in Customer Cryptos
As of the first quarter of 2023, the amount of digital currency held by PayPal, on behalf of its customers, was almost $1 billion.
US President Joe Biden Says There Are Tax Loopholes for Wealthy Crypto Investors
Joe Biden has expressed his disapproval of the House Republicans who support former President Trump, saying that they are opposed to closing “tax loopholes to help wealthy crypto investors.”
Grayscale Files Documents with SEC to Launch Three New Funds
Grayscale has filed documents with the US Securities and Exchange Commission to create three new ETFs that will expand its offerings in the digital asset space.
Lido Finance Will Start Redeeming stETH
The Lido Finance liquid staking platform team held on May 15 a three-day vote on the proposed upgrade, ultimately launching the second version of the protocol.
Hong Kong Authorities Plan to Strictly Supervise Crypto
Hong Kong will take a stringent approach to regulating the digital asset sector.
MakerDAO Rolls Out Aave Competitor
MakerDAO has released Spark Protocol, a liquidity marketplace built on the DAI stablecoin and other DeFi-backed assets.
Crypto Firms in New York Will Be Forced to Refund Fraud Victims with New Legislation
New York Attorney General Letitia James escalated on Friday her office’s crackdown on the crypto industry by proposing legislation that would require companies to reimburse customers who have been victimized by fraud.
Coinbase May Turn UAE Into Company’s Strategic Hub
Coinbase is strengthening its ties with regulatory authorities in the United Arab Emirates (UAE) as it deals with growing issues in its home country, the US.
Paxful Co-founder Artur Shaback: Paxful is Back Up and Running
P2P platform Paxful is now back up and running under the direction of Delaware lawyer Artur Shaback, who is also the co-founder.
China Does Not Plan to Lift Ban on Crypto Transactions
The Chinese government has not altered its hard-line stance against digital currencies, but has only intensified it.
Block Received $2.2B Through Bitcoin Sales in Q1 2023
In the first quarter of 2023, Block (formerly Square) saw a 27.2% YoY increase in Bitcoin sales through the Cash App.
