Nasdaq Stops Crypto Custody Initiative
Nasdaq CEO Adena Friedman announced on Wednesday in an earnings call that Nasdaq has decided to halt their launch of a US digital assets custodian business.
Crypto Industry Loses More Than $313M Due to Attacks in Q2 2023
The total losses of cryptocurrency projects due to hacks and fraud in April-June of 2023 amounted to $313.5 million, 58% lower than the same period in the previous year as stated by.
The EU Will Force Banks to Disclose Data on Reserves in Crypto
The European Commission has implemented a new clause in the MiCA, the EU crypto regulation legislation, that requires banking institutions operating within the Union’s 27 countries to disclose information regarding the availability of reserves in digital currencies.
Anthony Scaramucci: SBF Has Damaged the US Crypto Industry
Anthony Scaramucci has declared that FTX founder Sam Bankman-Fried (SBF) has inadvertently caused excessive regulation in the US cryptocurrency industry.
3AC Liquidators Demand $1.3B from Company’s Founders
The liquidators of Three Arrows Capital (3AC) are filing a suit against co-founders Su Zhu and Kyle Davis, demanding the return of the approximate total of $1.3 billion in funds that were allegedly raised before the collapse of 3AC in June 2022.
Nevada Regulator Asks Court to Ban Prime Trust from Any Business Operations
The Nevada Department of Business and Industry has filed a petition with the court to prevent Prime Trust’s crypto custodian from engaging in further business operations.
Japan Eases Tax Burden on Token Issuers
Token issuers in Japan are exempt from paying 30% tax on unrealized profits from issued and held coins after clarification of the relevant law by the National Tax Agency.
