Nigeria to tax crypto, digital assets 10% on capital gains: Experts react
On the day prior to his exit from office on May 28, ex-Nigerian President Muhammadu Buhari officially sanctioned the Finance Act, 2023. The act brought forth a set of tax…
Moody’s downgrades Coinbase, citing ‘uncertain magnitude’ of SEC charges
Moody’s Downgrade of Coinbase Moody’s Investors Service recently downgraded Coinbase, the world’s largest cryptocurrency exchange, from a Baa1 to a Baa2 rating. This downgrade was due to the recent charges…
Paradigm slams SEC’s ‘incoherent’ attempt to police decentralized exchanges
Paradigm Slams SEC’s Redefinition of DEX Paradigm, a crypto asset investment firm, recently criticized the US Securities and Exchange Commission (SEC) for its “incoherent” attempt to redefine decentralized exchanges (DEX)….
Nigeria to tax crypto, digital assets 10% on capital gains: Experts react
Nigeria to Tax Crypto and Digital Assets The Nigerian government recently announced that they will be taxing crypto and digital assets at a rate of 10% on capital gains. This…
US House committee releases new stablecoin bill draft
The United States House Financial Services Committee, chaired by Representative Patrick McHenry, has issued the third version of the stablecoin bill. This latest iteration is bipartisan, featuring proposals from both…
Binance VP of marketing: Crypto needs to ‘double down’ on community support
The United States’ regulatory authorities applied greater pressure to the cryptocurrency sector this past week, with the U.S. Securities and Exchange Commission filing lawsuits against both Coinbase and Binance.US concerning…
US senators propose AI bills for transparency and innovation
US Senators Propose AI Bills Two bills proposed by US senators are aimed at advancing the development of artificial intelligence. The first bill is the Artificial Intelligence Initiative Act, which…
US House committee releases new stablecoin bill draft
US House Committee Releases New Stablecoin Bill Draft The US House Financial Services Committee has released a new draft bill that seeks to provide a legal framework for the issuance…
US court rejects Fed’s motion to dismiss Custodia Bank case
Custodia Bank’s legal struggle against the Federal Reserve took a step forward when a Wyoming federal judge rejected the dismissal motions from the Fed and the Federal Reserve Bank of…
Ooki DAO to shut down after ‘precedent setting’ court battle with CFTC
A U.S. District Judge has issued a default judgment ruling that necessitates Decentralized Organization Ooki DAO to cease operations permanently and pay a civil monetary penalty of $643,542. In September…