The IRS Gathers User Information to Crackdown on Crypto Tax
M.Y. is required to sign the summons. M.Y. Safra Bank will provide information on taxpayers who have failed to pay crypto taxes and report them to the bank.
UK Law Enforcement Given More Powers Over Crypto in New Bill
A new UK bill gives financial authorities greater power to “seize and freeze” cryptocurrencies. This bill will increase anti-money laundering measures such as verification of company ownership.
Web3 Security Firm Immunefi Raises $24 Million
Framework Ventures led a Series A round to raise $24 million for Immunefi, a bug bounty security platform. Immunefi is a crypto-focused bug bounty program.
After a $400m Raise in Jan, Crypto Exchange FTX Looks to Raise a Further $1B
A potential $1 billion round of funding would be in addition to the $400 million raised by FTX in January. The firm is said to be looking for additional capital to
Chiru Labs, Creators of Azuki NFT Project Raise $30 Million
Chiru Labs is close to a $30 million Series A round of funding. This round follows a $54 million investment by venture capitalists last week for Doodles, another NFT project.
Changpeng “CZ” Zhao, CEO of Binance Says The Bear Market is Good For The Crypto Industry
Changpeng Zhao, Binance CEO, believes that the Bitcoin bear market will be good for crypto. Changpeng Zhao “CZ” Zhao instructed the Mainnet crowd to “ride out winter.”
Jamie Dimon JP Morgan CEO Says Stablecoins Should be Regulated
Jamie Dimon, CEO of JP Morgan Chase, said Wednesday in a congressional hearing that he is open to stablecoins “properly regulated”, he added.
Fed Increase Interest Rates by .75 After Rumours of a Full Point Hike
The U.S. Federal Reserve raised interest rates by 75 basis point, increasing the Fed funds rate to 3.25%.
Digital Banking Giant FV Bank adds USDC Stablecoin Support
FV Bank, a global digital bank, is the latest financial platform that allows deposits in Circle-backed USD Coin ( USDC). FV Bank plans to launch a custody program in Q4 2022.
Opensea to Start Giving Creators Option to Create Drop Pages
Marketplace will allow NFT creators to create customizable drop pages, share photos, videos, and other content.
