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An immediate burst of criticism from the crypto industry shows the U.S. Treasury Department’s new proposal on how to handle digital assets taxes will face a long road as it enters a months-long period of public comments and hearings.
Market participants were looking to Friday morning’s speech to gauge the future direction of the U.S. central bank’s monetary policy.
Creditors of the bankrupt crypto lender argue it should be valued at $0.80, its nominal price when the company collapsed, despite allegations of market manipulation
DeFi giant MakerDAO has lent $1.8 million of DAI stablecoin to the tokenized credit pool under distress.
The U.S. Treasury Department has finally unveiled its definition of a “broker” for the crypto industry, defining how crypto companies and investors will need to meet tax reporting obligations and answering a years-old question over whether decentralized finance platforms and miners will need to gather their users’ personal data.
A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets.
The latest price moves in bitcoin (BTC) and crypto markets in context for August 25, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
A separate 2021 wallet bungle by the crypto custodian, taken into receivership in July, cost it $76 million, the CEO said in a court filing.
News that Elon Musk’s SpaceX had liquidated its bitcoin holding in the previous quarter acted as an additional catalyst for the correction in crypto markets in August, the report said.
The crypto exchange is conducting a “risk management initiative” targeting some crypto projects with a relatively small market capitalization or whose tokens form lower-liquidity trading pairs.