Author: e_cash_top
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Zhu Su and Kyle Davies banned by Singapore regulator for 9 yrs over securities breaches
[ad_1] The Monetary Authority of Singapore (MAS) has issued a prohibition order banning Three Arrows Capital (3AC) founders Zhu Su and Kyle Davies, according to a Sept. 14 notice. The financial regulator banned the two individuals for nine years because they violated the country’s Securities and Futures Act 2001 (SFA) and Securities and Futures (Licensing…
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Nasdaq executive says BlackRock’s first Bitcoin ETF rejection was ‘purely procedural,’ not final
[ad_1] An early dismissal of BlackRock’s planned spot Bitcoin ETF should not affect its eventual success, according to statements from Nasdaq executive Giang Bui on Sept. 13. BlackRock filed an application for a spot Bitcoin exchange-traded fund (ETF) on June 15. While BlackRock filed Form S-1 to register its product, Nasdaq was responsible for filing…
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European Parliament passes DAC8 crypto tax reporting requirements by ten-to-one margin
[ad_1] The European Parliament has approved DAC8, a measure that introduces tax reporting requirements for crypto transactions across the European Union (EU). With a decisive vote of 535 in favor, 57 against, and 60 abstentions, the proposed rule has cleared its final legislative hurdle and is set to become law. The DAC8 rule, designed to…
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Paxos claims responsibility for $500K transaction fee error
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…
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Bankruptcy court grants FTX permission to liquidate certain crypto assets
[ad_1] A U.S. bankruptcy court judge has granted FTX permission to sell its cryptocurrency assets, according to a filing dated Sept. 13. That order says that FTX is authorized, but not directed to, carry out certain crypto transactions and sales. It also indicates that those sales must be conducted through an investment advisor or manager…
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Analyzing Ethereum’s inflationary and deflationary supply trends
[ad_1] Since Ethereum’s Merge on Sep. 15, 2022, the crypto industry has been abuzz with discussions about its supply dynamics. The Merge marked the network’s transition from a Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS), significantly altering its issuance rate. This transition, coupled with the implementation of EIP-1559 in August 2021, has led to…
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Bitcoin experiences fourth major surge in new addresses, signaling robust network momentum
[ad_1] Quick Take Bitcoin’s network momentum is currently experiencing its third-highest level of new address growth in its history. This phenomenon is typically synonymous with the peak of bull markets, contrasting with the stagnant growth usually observed during bear markets. A healthy network adoption, marked by increases in daily active users, transaction throughput, and blockspace…
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SEC sues Stoner Cats in second major NFT enforcement case; project settles for $1M
[ad_1] The Securities and Exchange Commission (SEC) has charged Stoner Cats 2 LLC (SC2), the creator of the web series Stoner Cats, with conducting an unregistered offering of non-fungible tokens (NFTs), marking the second major enforcement action by the SEC in the NFT space. The regulatory body found that SC2 had raised approximately $8 million…
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Movement Labs raises $3.4M to further develop smart contract language Move
[ad_1] Movement Labs said it raised $3.4 million in pre-seed funding to boost the security and adoption of its Web3-based Smart Contract Language, Move. According to a Sept. 13 statement shared with CryptoSlate, Move is a programming language with embedded safeguards that protects projects from common attack vectors like reentrancy that have cost the industry…
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Digital Currency Group’s recovery plan claims to fully compensate Gemini Earn users
[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…