The UK Treasury is seeking input on taxing the DeFi space, and on provisions around staking and lending. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The taxation arm of His Majesty’s Treasury in the…
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Robinhood Markets announced the launch of its new “Robinhood Connect” service and numerous updates to its app. The launch of “Robinhood Connect,” a fiat-to-crypto on-ramp featuring support for decentralized applications (DApps) and self-custody wallets, was announced at Consensus 2023 on April 27. Introducing our latest investment in crypto, Robinhood Connect: https://t.co/SmENSYufBA A low-cost, on-ramp for…
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Bit4You suspended operations on April 26 amid a CoinLoan insolvency investigation by Estonian regulators. Belgian cryptocurrency trading platform Bit4You has suspended all operations, including withdrawals, amid an insolvency investigation of one of its key partners. Suite à cela, nous avons immédiatement entamé plusieurs démarches pour comprendre la nature et la portée de cette situation. En…
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Depending on the metrics, the cost of decentralized file storage can be very low or significantly higher than Web2 counterparts. According to a new report published by Singaporean venture capital firm Foresight Ventures, the cost of decentralized file storage on blockchains such as Filecoin, Arweave, Swarm, StorJ and Sia currently ranges from near zero to…
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The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa…
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After the FTX scandal focused the international spotlight on it, the Securities Commission of The Bahamas completes its regulator overhaul. The Securities Commission of The Bahamas (SCB) published a draft of the Digital Assets and Registered Exchanges (DARE) Bill 2023 on April 25. The sweeping bill will undergo a consultation period with the goal of…
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Legislators in South Korea passed a first-phase review of proposed cryptocurrency regulations that include relatively harsh sentencing recommendations. South Korean legislators passed a first phase review of proposed regulations that would give the nation’s Financial Services Commission authority to investigate and supervise financial activity related to “digital assets,” including cryptocurrency. The proposed bill comes with…
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Xirtam token’s scheduled initial airdrop offering was canceled at the eleventh hour following an alleged pricing dispute. On April 26, Xirtam token’s scheduled initial airdrop offering (IAO) on the Arbitrum decentralized exchange AlienFi was canceled minutes before launch. It was not immediately clear which party was responsible for the cancelation. In a series of screenshots shared on…
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Google’s new 2FA authenticator update could leave users vulnerable to hacks. Google released an update for its popular authenticator app that stores a “one-time code” in cloud storage, allowing users who have lost the device with their authenticator on it to retain access to their two-factor authentication (2FA). In an April 24 blog post announcing…
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Europe’s data protection supervisor predicts trouble abroad and at home for U.S. AI companies that run afoul of GDPR. Europe’s data watchdog, Wojciech Wiewiórowski, predicts a sour predicament for United States-based artificial intelligence (AI) companies currently being investigated for alleged General Data Protection Regulation (GDPR) violations. During a recent interview, Wiewiórowski told the MIT Technology…
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