DIGIT INFO – Page 1428 – Cryptocurrency News

ECB Hikes Interest Rates by 50bps; Signals Need for Further Hikes to Fight Inflation

The European Central Bank (ECB) decided to hike three of its key interest rates by 50 basis points (0.5%) as part of its ongoing war against inflation. The organization stated that further increases are likely to happen “because inflation remains far too high and is projected to stay above the target for too long.” ECB […]

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New House Financial Services Committee chair wants to delay crypto tax changes

U.S. Republican Representative Patrick McHenry called for clarification on a “poorly” written digital asset tax provision in a letter to the Treasury.

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Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M

Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could land them 20 years in jail.

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Japan set to ease 30% crypto tax on paper profits for token issuers

As it stands, Japanese crypto issuers are required to pay a set 30% corporate tax rate on their holdings, even if they haven’t realized a profit through a sale.

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FTX wants permission to sell FTX Japan and FTX Europe as well as LedgerX

The four businesses FTX wants to sell had only recently been acquired, and lawyers argue this simplifies the sale process.

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CryptoQuant verifies Binance’s reserves, reports no ‘FTX-like’ behavior

Binance has faced a FUD-storm this week but a new CryptoQuant audit has verified its proof of reserves.

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Web3 Applications Will Increasingly Be Built on Custom Blockchains, Says Ankr’s Head of Product

As blockchain developers compete for traffic and resources for their respective dapps (decentralized applications), the downside to this, according to some in the industry, can be a poor user experience which in turn undermines the mass adoption cause. Therefore, unless current blockchains — both Layers 1 and 2 — can overcome niggling issues like high […]

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Community baffled by Trump’s bizarre ‘SimpDAO’ NFT collection

Even conservatives and MAGA supporters are not pleased with Trump, as they were hanging on for a more serious announcement from the former president.

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SBF reportedly files new bail application in the Bahamas Supreme Court

Bahamas media reports that Sam Bankman-Fried lodged a new bid for bail just two days after a judge denied his previous application and called the FTX founder a flight risk.

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Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions

The Central Bank of Russia has introduced measures to protect entities working with digital assets from sanctions pressures. These businesses will be exempted from some reporting requirements as part of a regulatory relief intended to minimize the burden on financial organizations. Russia’s Central Bank Eases Supervision of Digital Asset Platforms Amid Sanctions The Central Bank […]

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