This Report will provide you some important and quick news of cryptocurrencies that happened around the world.
1. Treasury Department Intends To ‘Capture DeFi’ With Infrastructure Bill
During a podcast on the Bankless State of the Network, the general counsel for Compound and DeFi’s Chairman of the Blockchain Association states that cryptocurrency tax provisions in infrastructure laws have “blindsided” the industry. The statement came nine days ahead of the Senate’s scheduled deadline…[continue reading]
2. VanEck And ProShares Withdrew Their Proposals For An Ethereum ETF
VanEck, an asset management business, made headlines recently after submitting an application to the US Securities and Exchange Commission [SEC] for an Ethereum exchange-traded fund [ETF]. The firm, though, has withdrawn its application. According to the most recent filing by VanEck…[continue reading]
3. Binance Now Requires KYC Verification For All Services
Binance, the world’s largest cryptocurrency exchange by trading volume, has implemented a required KYC verification process for all users. The recent announcement appears to be part of the company’s commitment to healing fences with authorities worldwide…[continue reading]
4. Liquid Exchange Hacked To 80 Million Dollars
Liquid, a Japanese exchange, has been hacked, with around $80 million in digital assets being removed from the platform. In an August 19 tweet, the exchange verified the security vulnerability, with Liquid releasing the wallet addresses affected by the attack. The exchange stated that only its warm wallets were impacted and that it is presently migrating its funds to cold storage…[continue reading]
5. El Salvador Issued A Draft For Bitcoin Banking Legislation
El Salvador’s national bank, the Banco Central de Reserva (BCR), recently announced proposed laws governing how banks should handle Bitcoin. On Aug. 17, two documents advising banks and financial institutions on how to offer Bitcoin-related services to their customers were made available for consultation…[continue reading]
6. The District Court Of China Declared Bitcoin To Be Virtual Property
Bitcoin Exchange Value as a tangible asset that may be converted into a virtual asset Yesterday, china‘s district court published a comprehensive study on the protection of visible and intangible virtual property. The article argued that Bitcoin’s trade value justified its classification as digital property. It contends that the resources, property, and energy that have a sufficient exchange value fall under the category of virtual property…[continue reading]
7. Ethereum’s Vitalik Join Dogecoin Foundation As Advisors
Dogecoin’s core developers have announced the members of the resurrected Dogecoin Foundation. Dogecoin is a meme cryptocurrency that aspires to be a global payment method. According to a statement published today by the organization, its new advisory board comprises Ethereum co-founder Vitalik Buterin and Elon Musk spokesman Jared Birchall…[continue reading]
8. Alibaba Launches The NFT Marketplace
Alibaba Group Holding, a Chinese multinational e-commerce company, has established a new nonfungible token (NFT) platform that would enable trademark owners to sell tokenized rights to their intellectual property. The new NFT market, named “Blockchain Digital Copyright and Asset-Trade,” is accessible through Alibaba’s Auction platform…[continue reading]
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