Binance US Market Share Shrinks Amid Legal Battle With SEC

The market share of the U.S. subsidiary of Binance has declined amid an ongoing crackdown by America’s securities regulator. According to new data, leading U.S. crypto exchange Coinbase, also sued by the Securities and Exchange Commission (SEC), is taking a hit, too. Binance US Market Share Drops to 1.5%, According to Kaiko The litigation with [...]

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Digital Currency Group halts dividends in an effort to preserve liquidity

Digital Currency Group, a venture capital firm that owns a stake in more than 200 crypto projects, announced the dividend halt while one of its subsidiaries is in financial strife.

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Japanese Banking Giant Nomura Opens Swiss Crypto Subsidiary

Nomura named its digital asset business Laser Digital and incorporated a holding vehicle under the name in Switzerland.

Continue reading Japanese Banking Giant Nomura Opens Swiss Crypto Subsidiary at DailyCoin.com.

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FTX Continues Global Expansion, Launches Subsidiary Division in Australia

FTX has continued with its lines of expansion with the latest establishment of a new office in Australia. (Read More)

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Deutsche Telekoms Subsidiary Joins Injective Blockchain as Validator

Telecommunication Giant Deutsche Telekom to Become Validator on Injective Protocol Deutsche Telekom, a major player in the telecommunications industry, has announced its partnership with Injective Protocol, a decentralized finance (DeFi) platform. Through this collaboration, Deutsche Telekom will serve as a validator on the Injective Protocol blockchain network. By joining forces with Injective Protocol, Deutsche Telekom [...]

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UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents

Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos in the banking sector following the collapse of Silicon Valley Bank’s [...]

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Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection

Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals that Banq listed approximately $17.725 million in assets and around $5.4 billion in liabilities. Banq’s Bankruptcy Filing Exposes [...]

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