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Business

Coinbase Wells Notice: SEC prepping enforcement action for securities violations
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23 March, 2023

Coinbase Wells Notice: SEC prepping enforcement action for securities violations

U.S. SEC believes it has identified securities violations relating to "aspects of the Company's spot market, staking service Coinbase Earn,...
IRS issues new tax guidance on NFTs: ‘Collectibles’ are taxable
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23 March, 2023

IRS issues new tax guidance on NFTs: ‘Collectibles’ are taxable

Under the proposed guidance, NFTs are covered by the tax law if they have been identified as a "collectible," which...
Tron founder Justin Sun, 8 celebrities hit with market manipulation and illegal securities charges
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23 March, 2023

Tron founder Justin Sun, 8 celebrities hit with market manipulation and illegal securities charges

The SEC claims TRX and BTT prices were driven by "wash trading," Sun and his employees manipulated prices for those...
Swiss Banking Association proposes deposit tokens focusing on interoperability
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23 March, 2023

Swiss Banking Association proposes deposit tokens focusing on interoperability

The proposed deposit token will work similarly to a stablecoin and offer use cases in decentralized finance, trading digital assets,...
Philippines places 54th in UNCTAD ranking for innovative tech adoption
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23 March, 2023

Philippines places 54th in UNCTAD ranking for innovative tech adoption

The Philippines remains in the "upper-middle" ranking of UNCTAD's Frontier Technology Index, faring better than fellow ASEAN countries Indonesia, Cambodia,...
Digital currency firms eye operations in Hong Kong: Financial secretary
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23 March, 2023

Digital currency firms eye operations in Hong Kong: Financial secretary

Hong Kong has set up an ambitious plan to build its Web3 ecosystem, drawing interest from nearly 80 digital asset...
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