Crypto.com licensed in Dubai ✅, Korea's disclosure of digital assets 🇰🇷, Crypto's popularity in France 🇫🇷
Daily Crypto, Blockchain & Web3 Update 2023-11-14
CRYPTOCURRENCY
Crypto.com granted Dubai crypto license (2 min read)
Crypto exchange Crypto.com’s Dubai entity was granted a Virtual Assets Service Provider (VASP) license by the city’s regulator, pending operational approval.
Australia to impose capital gains tax on wrapped cryptocurrency tokens (2 min read)
The ATO has given guidance on how capital gains tax applies to DeFi and wrapping crypto tokens for individuals. They have made it clear that Australians will still be taxed on capital gains when wrapping and unwrapping tokens.
Democratic Party of South Korea mandates parliamentary candidates disclose crypto holdings (2 min read)
In South Korea, the Democratic Party of Korea, with 167 out of 300 seats in the National Assembly, has decided that candidates must reveal their digital assets before the 2024 general election.
Crypto is second most popular investment asset in France: Survey (2 min read)
According to a survey by the OECD, cryptocurrencies are the second most popular investment asset in France among adults. The survey was published by France's main financial regulator, the Autorité des Marchés Financiers, on November 13th.
Elon Musk AI project-inspired memecoin ‘Grok’ falls 74% on creator scam claim (3 min read)
The price of a memecoin drawing its namesake from Elon Musk’s artificial intelligence project “Grok” plummeted over 70% after blockchain sleuth ZachXBT alleged the token’s social media account was recycled from a scam token project.
Taiwanese crypto exchange and VASP member Bitgin under investigation for money laundering (2 min read)
Taiwanese cryptocurrency exchange Bitgin is under investigation by the country’s police force for money laundering. According to local news reports early this week, Yuting Zhang, the firm’s chief operating officer, was arrested by Taiwanese police for his alleged role in the “Eighty-Eight Guild Hall” mon.
QUICK LINKS
XRP jumps then dumps on faked BlackRock XRP trust filing (2 min read)
BlackRock's filing about creating an XRP exchange-traded product caused XRP to rise by 12%, but the increase was reversed when the filing was confirmed to be fake.
Owner of Hong Kong crypto exchange OSL secures $90M investment (1 min read)
BC Technology Group, the operator of OSL, a crypto exchange listed in Hong Kong, has raised $90 million by selling new shares to BGX.
APEC finance ministers to share perspectives on crypto at meeting in San Francisco (2 min read)
The weeklong Asia-Pacific Economic Cooperation (APEC) summit began on Nov. 11 in San Francisco. The main attraction of the event will be when the Presidents of the United States and China meet on November 15th. The finance ministers' meeting is very important because the organization's focus is on the regional economy.
Swan Bitcoin to terminate customer accounts that use crypto-mixing services (2 min read)
Swan Bitcoin, a platform for Bitcoin services, informed its customers that it will have to close accounts if they are found using crypto-mixing. This is because its partner banks have regulatory obligations.
New figures show hardly anyone is using ERC-4337 smart accounts (3 min read)
Ethereum account abstraction advocate John Rising has shared some “sobering” numbers showing overall ERC-4437 adoption has been far from ideal.
Animoca eyes SportFi ecosystem, becomes Chiliz Chain validator (3 min read)
Venture capital firm Animoca Brands will put its weight behind fan token blockchain Chiliz Chain as it joins the network as a validator within its proof-of-stake authority protocol.
Goldman Sachs leads $95M funding round for blockchain payment firm Fnality: Report (3 min read)
Global investment bank Goldman Sachs and French universal bank BNP Paribas have reportedly led a new funding round for Fnality, a blockchain-based wholesale payments firm backed by Nomura Group.
FTX Foundation staffer fights for $275K bonus promised by SBF (3 min read)
An employee of FTX’s charity wing recruited by FTX co-founder Sam Bankman-Fried is trying to get paid $275,000, the remainder of his claimed 2022 salary bonus.