US Banks Grapple with $684 Billion in Unrealized Losses as Fed Reports Surge in Underwater Assets”

by Александр Пирогов | Dec 3, 2023 | Blog News

According to a Federal Deposit Insurance Corporation (FDIC) report, US banks are contending with an astounding $684 billion in unrealized losses on securities as of the end of Q3. The report indicates a significant uptick of $126 billion, marking a 22.5% increase in...

Hounax Crypto Exchange Vanishes, Leaving 131 Investors in Alleged $15.4 Million Scam”

by Александр Пирогов | Dec 3, 2023 | Blog News

Approximately 131 investors, ranging from 19 to 78 years old, report falling victim to an alleged cryptocurrency scam orchestrated by Hounax. The Hong Kong police receive 88 complaints on Nov. 25, with an additional 15 filed with the Securities and Futures Commission...

SEC’s Legal Battle Against Kraken Faces Setback

by Александр Пирогов | Dec 3, 2023 | Blog News

The Securities and Exchange Commission (SEC) encounters a potential setback in its lawsuit against Kraken, a prominent cryptocurrency exchange. The legal dispute revolves around the SEC accusing Kraken of functioning as an unregistered securities exchange. Critics...

Australia’s confusing new crypto tax guidance. Is it any good?

by Александр Пирогов | Dec 3, 2023 | Blog News

Australia’s recent and controversial cryptocurrency taxation guidelines, released by the Australian Tax Office (ATO), are criticized by a law firm, Cadena Legal. The firm deems the guidance as unclear and non-binding, suggesting it should be treated as...

Colombian President Joins Bitcoin Community

by Александр Пирогов | Dec 3, 2023 | Blog News

The president of Colombia has entered the world of Bitcoin, receiving a gift from prominent Bitcoin figure Samson Mow—a wallet containing 100,000 satoshis, equivalent to approximately $39. This symbolic gesture signifies the growing acceptance of Bitcoin among global...

Amidst Republican Disputes US Crypto Legislation Postponed to Early 2024

by Александр Пирогов | Dec 3, 2023 | Blog News

Proposed crypto bills in the United States are set to face a delay in approval, with the legislative timeline pushed to early 2024. The delay is attributed to recent disagreements among House Republicans, specifically in selecting a new speaker. Rep. Patrick...