A website revealing personal information from Celsius creditors has created stress and chaos for many, leading some to question the privacy of centralized exchanges. Crypto lending platform Celsius filed for Chapter 11 bankruptcy on July 13, 2022. Although the Celsius case involves digital assets, it remains subject to United States Bankruptcy Code under the Bankruptcy…
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According to recent reports close to central bank officials, the U.S. Federal Reserve will likely deliver another interest rate hike by roughly 75 basis points (bps) next month. Moreover, markets are predicting another rise by three-quarters of a point, and CME’s Fedwatch Tool indicates there’s a near-certain (98%) chance the central bank will choose a…
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The city will allow taxpayers to make crypto payments through third-party service providers. The city of Rio de Janeiro is seeking crypto firms to operate its tax property seasoning in 2023, according to a decree published on Oct. 11, allowing taxpayers to use crypto alongside fiat currency to pay tributes. The move makes Rio the…
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Authorities in Portugal intend to impose a levy on gains from short-term crypto investments with the state budget for next year. The document, which still needs the approval of Portuguese lawmakers, signals a change in the EU nation’s positive attitude towards crypto assets. Government of Portugal Proposes New Tax for Cryptocurrency-Related Gains In the past…
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On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the new CPI data and U.S. inflation rate to be announced on Thursday, Oct. 13. On this week’s The Market Report show, Cointelegraph’s resident experts discuss if the new consumer price index (CPI) and United States inflation data will be bullish or bearish…
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Multiple emirates in the UAE are looking to the metaverse to boost tourism in their respective regions. Sharjah now joins Dubai in broadening its Web3 ambitions. Artificial intelligence ecosystem Multiverse Labs has launched a new metaverse city in the United Arab Emirates (UAE), a move the emirate said could enhance the region’s tourism industry. The…
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The AIFC Financial Services Authority in Kazakhstan granted Binance a permanent license to a digital asset platform and provide custody services in the country. After a build-up of multiple memorandums of understanding (MoU) and an initial “in-principle” approval to operate in Kazakhstan, Binance received a permanent license to operate in the country. As of Oct.…
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Nasdaq said that the retail side of the crypto market is quite saturated at the moment with many service providers looking to fulfill retail investors’ needs. Nasdaq, the United States stock exchange, has no immediate plans of launching a crypto exchange until there’s better regulatory clarity from policymakers, said Tal Cohen, the company’s executive vice…
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“The report recommends the passage of legislation in providing a rulemaking authority for federal financial regulators over this market,” said economist Jonathan Rose. Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation to determine which “rulemaking authority” will be responsible for regulating parts of the crypto spot…
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According to Fumio Kishida, the government of Japan’s investment in digital transformation included issuing NFTs to local authorities using digital solutions. Fumio Kishida, the prime minister of Japan since 2021, has said the government will be making efforts to promote Web3 services, including those dealing with nonfungible tokens, or NFTs, and the Metaverse. In an…
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