Other Cryptocurrencies

Despite the rising usage of cryptocurrency, regulations are still quite bare and confusing. Principal to this is crypto tax reporting, which some countries are setting rules for, before even clarifying taxation laws.

The Australian government is seeking responses to its latest consultation paper on the topic of token mapping.

Archimedes, which claims to be a one-of-a-kind lending and borrowing marketplace that utilises NFTs, has raised $4.9m in its seed round.

The UK government has unveiled proposals to put cryptoassets into the same regulatory regime as traditional financial services.

Four senior US officials in the White House have called on the US Congress to ‘step up its efforts’ in regulating the cryptocurrency market.

Cryptocurrency derivatives exchange Deribit has selected Eventus’ Validus platform to provide market abuse monitoring on the exchange.

Digital asset protection technology company Coincover has partnered with Fireblocks to give investors enterprise-grade asset security.

Illicit activity in the cryptocurrency reached an all-time high of $20.1bn in 2022, up from $18bn the previous year.

The SEC has charged Genesis and Gemini for the unregistered offer and sale of securities to retail investors through the Gemini Earn crypto asset lending program.

Huobi Global, a virtual asset exchange, has partnered with Solaris to deliver a crypto-to-fiat debit card that will help Huobi users to spend digital assets at point-of-sale.