FTX acquires Japan’s FCA-licensed crypto exchange Liquid

American billionaire and CEO of crypto change FTX Sam Bankman-Fried introduced that his firm acquired Japanese crypto agency Liquid Group and its subsidiaries.  As part of the deal, FTX will purchase Quoine Company, a Monetary Companies Company (FSA)-approved crypto change. As Cointelegraph beforehand reported, Quoine acquired a Kind I Monetary Devices Enterprise license underneath the …

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Why did WazirX token (WRX) jump 30% after India announced its big crypto tax?

WazirX trade’s native token, WRX, benefited probably the most from India’s newest U-turn on crypto this week. WRX’s worth jumps on India tax information WRX’s worth surged almost 30% to over $1, hitting a three-week excessive after the Indian authorities had introduced a new tax regime for the regional crypto sector, reversing completely from its earlier strict stance …

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US Treasury targets NFTs for potential high-value art money laundering

The U.S. Division of the Treasury launched a examine on the high-value artwork market, highlighting the potential within the nonfungible tokens (NFT) house to conduct illicit cash laundering or terror financing operations. The treasury’s “Examine of the facilitation of cash laundering and terror finance by the commerce in artistic endeavors” advised that the growing use …

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IRS may not tax staking rewards until sold

A Nashville couple’s lawsuit over taxes they paid on unclaimed and unsold Tezos staking rewards is coming to an finish with the Inner Income Service (IRS) agreeing to situation them a refund. The choice could set a precedent for future steerage on how crypto rewards earned by staking are taxed. At current proof-of-stake staking rewards …

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Immutable X (IMX) price soars after GameStop partnership and new project launches

Nonfungible tokens (NFTs) proceed to be one of many hottest sectors of the cryptocurrency market in 2022 regardless of the general multi-month weak point seen in Bitcoin (BTC) and different large-cap crypto property. One mission that has benefited from the persistent bullishness within the NFT area is ImmutableX (IMX), a layer-2 scaling resolution for NFTs …

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All eyes on Asia — Crypto’s new chapter post-China

A basic trait of crypto is as an asset class that transcends jurisdictions. But, one of many key hubs driving adoption and innovation is Asia. Because the heady days of Korea’s Kimchi premium and Bitcoin (BTC) arbitrage alternatives, the area is taking part in a task in defining crypto’s growth pathways and anchoring its future. …

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