Binance Tax Is a Tool to Aid Crypto Investors During Tax Season

Binance, the cryptocurrency exchange, has introduced Binance Tax, a tax reporting tool, in preparation for the tax season.  Binance Tax is a tool that helps users access information on their crypto activity to comply with local regulations. It allows users to download...

Cryptocurrency Tracking System To Be Launched in South Korea

The crypto tracking system will keep a record of transaction history, gather information on transactions, and verify the origin of funds both before and after transfers. The South Korean Ministry of Justice plans to launch a "Virtual Currency Tracking System" to...

Thailand Announced Crypto Custody Rules for Digital Assets Providers

After the 2022 crypto collapses, the Thai securities regulator now requires crypto custodians and exchanges to have a contingency plan. The DeFi sector is increasing its TVL, and this expansion needs to assure clients of the safety of their funds.   ...

Account Abstraction: Ethereum Upgrade Makes Crypto Safer To Use

The adoption of the concept of "account abstraction" by Visa has the potential to greatly improve the user experience of Ethereum wallets. One of the drawbacks of cryptocurrency is the high cost of mistakes.  For example, if a user loses their account keys, they...

Will Binance Become Compliant? Exchange Is Not Transparent

Policymakers have scrutinized Binance, the largest crypto exchange, amid multilateral sanctions against Russia and U.S. sanctions against Iran. At the same time, the exchange fails to make its balance sheet fully transparent to auditors. Binance joins the Association...

Turkey and Other Countries Aim To Test CBDCs

The Turkish central bank is interested in adopting the CBDC technology. It has recently completed its first payments using digital currency. It will continue to test this technology in 2023. The first trial of the digital currency of the Central Bank of the Republic...

DeFi Hack Leaves Users With a $12 Million Loss

After Defrost Finance users complained about the loss of funds, the DEX confirmed that Defrost V2 was the victim of a flash loan attack. On December 24, 2022, DeFi platform Defrost Finance, built on the Avalanche blockchain, suffered a hack, with an attacker using a...

SBF Could Face a 115-Year Jail Sentence if Extradited to the US

Sam Bankman-Fried (SBF) could be extradited to the US for a court trial. He might get up to 115 years in jail.  Who is Sam Bankman-Fried? Sam Bankman-Fried is the former CEO and founder of Alameda Research, a quantitative trading firm that is active in the...

New Crypto Legislations in Hong Kong for Crypto Exchanges

In Hong Kong, virtual asset service providers will have a new licensing system, which will require them to adhere to strict anti-money laundering (AML) guidelines. Hong Kong's legislative body has approved a new amendment to the anti-money laundering and terrorist...

Russia to Launch Own Crypto Exchange. Russian Banks Use MetaMask

The biggest Russian bank has announced that it will create its own blockchain and it will incorporate it with Ethereum to expand into DeFi and Web3 markets. The Russian government plans to create its own crypto exchange. Sber (formerly known as Sberbank) officially...
Will Binance Become Compliant? Exchange Is Not Transparent

Will Binance Become Compliant? Exchange Is Not Transparent

Policymakers have scrutinized Binance, the largest crypto exchange, amid multilateral sanctions against Russia and U.S. sanctions against Iran. At the same time, the exchange fails to make its balance sheet fully transparent to auditors. Binance joins the Association...

read more
Turkey and Other Countries Aim To Test CBDCs

Turkey and Other Countries Aim To Test CBDCs

The Turkish central bank is interested in adopting the CBDC technology. It has recently completed its first payments using digital currency. It will continue to test this technology in 2023. The first trial of the digital currency of the Central Bank of the Republic...

read more
DeFi Hack Leaves Users With a $12 Million Loss

DeFi Hack Leaves Users With a $12 Million Loss

After Defrost Finance users complained about the loss of funds, the DEX confirmed that Defrost V2 was the victim of a flash loan attack. On December 24, 2022, DeFi platform Defrost Finance, built on the Avalanche blockchain, suffered a hack, with an attacker using a...

read more
New Crypto Legislations in Hong Kong for Crypto Exchanges

New Crypto Legislations in Hong Kong for Crypto Exchanges

In Hong Kong, virtual asset service providers will have a new licensing system, which will require them to adhere to strict anti-money laundering (AML) guidelines. Hong Kong's legislative body has approved a new amendment to the anti-money laundering and terrorist...

read more

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