BC Technology Group, the operator of Hong Kong’s publicly-listed cryptocurrency exchange OSL, has announced a significant investment from industry firm BGX. BC Technology entered into a partnership with BGX, which agreed to subscribe for shares in BC Technology for an investment of about 710 million Hong Kong dollars ($90.1 million), the firms said in a joint announcement on Nov. 14.…
Bitcoin (BTC) services platform Swan Bitcoin warned its customers that it would be forced to terminate accounts found interacting with crypto-mixing due to the regulatory obligations of its partner banks. Customers were informed about the policy in a letter suggesting the changes are due to the United States Financial Crimes Enforcement Network (FinCEN) proposed rule establishing new responsibilities on firms…
In the weeks leading to November, nonfungible token (NFT) data showed a consistent upward leap in weekly sales. While the volume is still far from its peak in 2021, executives in the industry believe the upward trend will likely continue. On Nov. 6, data published by blockchain analytics firm Nansen showed that NFT sales volume leaped from $56 million in…
Account abstraction advocate John Rising shared “sobering” figures concerning the adoption of ERC-4337 smart accounts. Source: https://cointelegraph.com/app/public/index.php/news/hardly-anyone-using-ethereum-smart-accounts
The Democratic Party of Korea, which holds 167 out of 300 mandates in the National Assembly, has made it mandatory for prospective candidates to disclose their virtual asset holdings before next year’s general election. According to the local outlet, News1, the disclosure will be a part of the party’s effort to show the ‘high moral standards’ of its candidates. As…
Global investment bank Goldman Sachs and French universal bank BNP Paribas have reportedly led a new funding round for Fnality, a blockchain-based wholesale payments firm backed by Nomura Group. Fnality has raised 77.7 million British pounds ($95.09 million) in a second round of funding, Reuters reported on Nov. 13. In addition to Goldman and BNP Paribas, the fund raise involved…
Google LLC has filed a lawsuit against three scammers for creating fake advertisements for updates to Google’s artificial intelligence (AI) chatbot Bard, among other things, which when downloaded, installs malware. The lawsuit was filed on Nov. 13 and names the defendants as “DOES 1-3,” as they remain anonymous. Google says that the scammers have used its trademarks specifically relating to…
Cryptocurrencies are the second most popular type of asset for investments among the adult French population, according to a survey by the Organisation for Economic Co-operation and Development (OECD) and published by France’s principal financial regulator, the Financial Markets Authority (AMF, on Nov. 13. According to the survey, 9.4% of the French population holds crypto assets, which is only marginally…
The Australian Taxation Office (ATO) has issued guidance on capital gains tax (CGT) treatment of decentralized finance (DeFi) and wrapping crypto tokens for individuals, clarifying its intent to continue taxing Australians on capital gains when wrapping and unwrapping tokens. In May 2022, the ATO outlined crypto capital gains as one of four key focus areas. Building on the initiative, the Australian…
Moons, the crypto token of Reddit’s r/cryptocurrency community, has surged by over 130% following an update by community moderators pointing to a “plan forward” for the token that will impose a hard cap on the supply. The price of MOON currently stands at just under $0.13, up 133% on the day, according to CoinGecko. In the update, r/cryptocurrency’s mod team…
