Policy
How Microstrategy Lowered its Tax Obligation with a Crypto Loophole
IRS policy known as the wash rule does not apply to crypto, allowing investors to reduce their tax obligations.
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Policy
Banks Warned of Crypto Risks but Allowed to Engage: Statement
The joint statement issued today by FED, the FDIC, and the OCC highlighted many of the risks posed by cryptocurrencies to banking institutions, but ultimately told banks to carry on.
DeFi
A Record $3.7B Was Stolen in Crypto Hacks in 2022, DeFi Most Targeted
A record $3.7 billion worth of crypto funds were stolen in 2022, according to a new analysis by TRM Labs.
Crypto
Liquidators Move Funds out of Alameda Wallets After Suspicious Activity
FTX liquidators were likely behind the second set of transactions from Alameda-linked wallets, according to blockchain analytics firm Nansen.
Policy
India Wants to Make Global Crypto Regulation Top Priority of G20 Presidency
Several weeks after India took over the G20 presidency, its Reserve Bank published a report on financial stability—and crypto’s role in it.
Policy
Non-US FTX Customers Ask Bankruptcy Court Not to Dox Them
A group of international FTX customers asked the bankruptcy judge to keep their identities secret.
Policy
Court Sentences Hacker to 6 Years for Stealing $6.7M from Nexon CEO in May
South Korean court sentenced a hacker to 6 years in prison for stealing $6.7M from Kim Jung-ju, founder and former CEO of the game developer Nexon.
Policy
Avi Eisenberg Charged With Fraud by US Authorities Over $110M Mango Exploit
Eisenberg was charged with commodities fraud and manipulation in the Southern District of New York.
Policy
US DoJ Starts Criminal Investigation of $370M+ FTX Hack
DoJ’s National Cryptocurrency Enforcement Team is reportedly investigating the hack that drained FTX of more than $370 million.
Policy
Japan to Lift Ban on Domestic Stablecoin Distribution in 2023
In its latest move to becoming more crypto-friendly, the Japanese FSA announced it would ease stablecoin restrictions in 2023.
Policy
IRS and Treasury Delay Crypto Gains Reporting Requirements
The crypto-focused provisions that were supposed to come into effect on January 1st have long been criticized over a lack of clarity.
Policy
Two Arrested by Hong Kong Police in Connection with AAX Exchange Fraud: Report
Hong Kong authorities arrested two people suspected of defrauding investors of the collapsed AAX exchange, local news outlet reported Friday.
DeFi
SBF Released to House Arrest in $250M Bail Package
SBF’s is to remain at his parents' house and surrender his passport to the authorities.