Thai SEC grants operating licenses to 4 more digital assets firms
Despite approving its licenses, the Thai securities regulator still needs to inspect the firms' operations before they can kick off market activities, a report noted.
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UK fintech unicorn Revolut on hiring spree for digital assets division
Revolut is bucking this year’s massive tech layoffs tide, raising headcount by 20%, including in its digital assets business which accounts for 10% of revenue.
Coinbase shareholder sues company over ‘gross mismanagement’
In a suit filed in Delaware on August 4, Donald Kocher accused former and current Coinbase officers of "breaches of fiduciary duties, unjust enrichment, abuse of control and gross mismanagement."
Solana’s DeFi ecosystem was totally fake—This is why identity matters
Coindesk recently published a report on how two brothers used multiple pseudonymous accounts to fake a DeFi ecosystem on Solana—showing that without identity, there's no way to know who's in control.
US Treasury sanctions Tornado Cash mixer
Tornado Cash is a digital currency mixer that obfuscates transaction history by combining ETH deposits from many users into one pool before paying out Ethereum withdrawals.
CFTC revokes election betting platform PredictIt’s permission to operate
PredictIt had been allowed to operate on the condition that it was being used for academic purposes and became hugely popular, which the CFTC said the platform violated.
Joshua Henslee on BSV investors lawsuit: When the game is rigged, that’s when governments have to step in
Early last week, a U.K. collective proceedings order was filed against Binance, Kraken, Shapeshift, and Bittylicious in response to the 2019 delisting of BSV.
Coinbase loses $1.1 billion, stock compensation gravy train rides on
Coinbase lost over $1 billion in the second quarter while warning investors that the digital currency exchange expects this current ‘crypto winter’ to be a multi-year affair.
Thailand to begin pilot testing real-world applications of its CBDC by end of 2022
The Bank of Thailand says this next phase will be a pilot phase focused on testing "real-life applications of Retail CBDC" with the private sector.
Meta announces NFT integration in 100 countries for Instagram
Instagram users in Africa, the Americas, the Middle East, and the Asia-Pacific regions can now post digital collectibles from three blockchains without charge.
Japan: Lobby groups launch proposal to reform digital assets tax regime
The lobby groups specifically asked for the practice of taxing unrealized gains to be removed, while a uniform 20% tax regime with exemptions to allow for unrealized gains to be carried forward.
Latest US digital asset regulations bill seeks to expand CFTC’s powers
The new bill, which has been expected for months, is intended to "amend the Commodity Exchange Act to provide the CFTC jurisdiction to oversee the spot digital commodity market."