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.”
Hong Kong Authorities Plan to Strictly Supervise Crypto
Hong Kong will take a stringent approach to regulating the digital asset sector.
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.
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.
CertiK Blocks $160,000 Stolen from Decentralized Exchange Merlin
CertiK has frozen $160,000 of the funds taken from the Merlin decentralized exchange due to an exploit.
US Court Greenlights Sale of LedgerX for $50 Million
The Delaware District Bankruptcy Court yesterday approved a deal between FTX and Miami International Holdings’ subsidiary M7 Holding for the sale of the LedgerX crypto derivatives platform.
