Portugal to impose a 28% capital gains tax on short-term crypto gains
Income made from crypto assets held for one year or more will remain tax-free.
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Crypto exchange Huobi Global delists HUSD trading pairs
Huobi said the move was part of their “continuous efforts to offer customers a better trading experience.”
Justin Sun Admits Advisory Role in Huobi But Rules Out Purchasing It
Key Takeaways: Justin Sun of Tron has recently come forward to say that he did not buy the exchange’s controlling interest and is only a board advisor for Huobi. He referred to the initial report as “wrong” while doing so.…
Flow Blockchain developer Dapper Labs suspends Russian accounts after EU sanctions
The latest sanctions prohibit the crypto firm from providing any wallet, account, or custody services to Russian nationals.
OpenSea CFO Resigns In Less Than A Year Of Joining
Key Takeaways: Brian Roberts, CFO of OpenSea, has left the company. Roberts will continue to serve as the company’s advisor. Brian Roberts, the chief financial officer of OpenSea, has left the NFT market but claims he will continue to serve…
US-Brazil Investigation Leads To Disruption Of Transnational Crypto Fraud Ring
Key Takeaways: A global bitcoin scam ring with a base in Curitiba, Brazil, was busted owing to an investigation by the Brazilian Federal Police, US Homeland Security Investigations (HSI), and numerous other law enforcement organizations. International money laundering, operating a…
EU Strengthens Crypto Sanctions Against Russia in New Wave Of Measures
Key Takeaways: A new set of sanctions against Russia because of its conflict with Ukraine have received the final approval of the European Union. The ninth set of EU sanctions aims to deny Moscow billions of euros in sales proceeds from…
Binance’s BNB Cryptocurrency was Hacked for $100 Million
Key Takeaways: Binance Coins (BNB), worth $566 million, have apparently been stolen by hackers from the Binance Bridge. To deter the hacker, Binance Smart Chain was stopped and resumed. Today, the BNB Chain, shut down after identifying an attack that…
Marathon Reports $80M Exposure to a Failing Mining Company
Key Takeaways: Marathon has stated that for the time being, its activities would continue to be hosted by Compute North and have noted an increase in BTC mining output in Q3. The company can continue operating under a Chapter 11…
Japan is Planning to Invest in the Metaverse and NFTs
Key Takeaways: In a policy speech, Japan’s Prime Minister Fumio Kishida stated plans to increase investments in NFTs and the metaverse. His remarks come in the wake of Japan’s expanding efforts to use blockchain technology. Plans to sponsor initiatives including…
