Author: American Coins & Gold

FTX Can Start Mediation, File Counterclaims in BlockFi Bankruptcy Case, Judge Rules
BlockFi filed for bankruptcy in late November last year, in part because of the ripple effects of the sudden collapse of FTX, which triggered an automatic stay that halted proceedings between the two.

Australia Updates its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi
Australia’s tax authority has clarified that its capital gains tax on crypto products also extends to wrapped tokens or token interaction with decentralized (DeFi) lending protocols.

Reddit Token MOON Rockets 150% Amid Hopes of Revival
MOON supply will be topped at 83 million tokens and moderators say they will continue to develop tools to help value accrual.

Social Network MeWe Heralds Migration of Users to Web3 From Web2
MeWe said at Consensus 2023 in April that it would be adopting the Polkadot parachain Frequency to bring self-sovereign blockchain-based identities to its 20 million users.

UK Cabinet Reshuffle Gives Bim Afolami Responsibility for Crypto, CBDC, Replacing Griffith
His predecessor, Andrew Griffith, will head up the Department for Science, Innovation and Technology.

Bitcoin Spot ETFs Will Introduce Crypto to Broader Investor Base: Coinbase
Spot ETFs are likely to lay the foundation for a more regulated market, with greater inclusion and a significant growth in demand, the report said.

FTX Linked Wallets Shift .5M SOL as Solana Rally Takes a Breather
SOL prices have risen 150% in the past month, making it the top-performing major cryptocurrency.

XRP Futures Traders Nurse M Loss as BlackRock ETF Rumor Causes Wild Price Swings
XRP prices jumped to 73 cents from 65 cents in 25 minutes after a tweet suggested financial behemoth BlackRock had filed for an XRP ETF in the U.S.

Crypto.com Wins Digital Asset License in Dubai
Cryptocurrency exchange Crypto.com has been granted a licence to operate specified virtual asset service activities in Dubai.

Tokenized Cash Fintech Fnality Raises M Led by Goldman and BNP Paribas
DTCC, Euroclear, Nomura and WisdomTree also participated in the Series B funding round.