Category: News

FTX considers reboot, Ethereum’s fork goes live and OpenAI news

Cointelegraph By Editorial Staff

Top Stories This Week Ethereum’s Shapella hard fork executed on mainnet The Ethereum blockchain’s mainnet, also referred to as the Beacon Chain, implemented the Shapella hard fork on April 12. The upgrade made fund withdrawals possible for those who have staked the network’s Ether (ETH) asset. Within the first hour of the hard fork, a total of 12,859 Ether were unlocked in 4,333 withdrawals, according to Ethereum block explorer beaconchai.in. Nearly a day after the upgrade, ETH surpassed the $2,000 price point. FTX has recovered $7.3B in assets, will consider…

U.S. House Committee Publishes Draft Stablecoin Bill

Nikhilesh De

The bill, available on the committee’s hearing page, represents the first major piece of crypto legislation to move in 2023, and follows two key incidents over the past year involving stablecoins: the blowup of terraUSD (UST), which was backed by a token called LUNA, and the second-largest one, USD coin (USDC), temporarily becoming unmoored from $1. Author: Nikhilesh De Source link

Arizona governor vetoes bill targeting taxes on blockchain node hosts

Turner Wright

Katie Hobbs, the governor of the state of Arizona, has vetoed legislation that would have largely stopped local authorities from imposing taxes on individuals and businesses running blockchain nodes.  In an April 12 decision, Governor Hobbs issued a veto to Arizona Bill 1236, first introduced in January. The legislation aimed to revise sections of statutes pertaining to blockchain technology, largely reducing or eliminating regulation and taxation of node operators at the state level. “A city or town may not impose a tax or fee on any person or entity for…

Montana ‘right to mine’ crypto bill passes the House

David Attlee

The bill, seeking to enshrine crypto miners’ rights in Montana, United States, successfully passed the third reading in the state’s House of Representatives. Now, the only thing that is required for it to become law is the Governor’s signature.  Bill number 178, prohibiting local authorities from obstructing the crypto mining operations, was voted in during the third reading by 64 votes versus 35 votes on Apr. 12. The legislation has already passed through Senate voting in February. It now will make it to the table of Governor Greg Gianforte. While…

Companies Behind Azuki NFTs and LINE FRIENDS Characters Join Forces For Web3 Expansion

Toby Bochan

“We are excited to collaborate with IPX, who is a global leader in building innovative character IP brands beloved by millions of fans around the world,” Zagabond, the pseudonymous founder and CEO of Chiru Labs, said in a press release. “IP is evolving, and we see the web3 community as an integral part of this next wave. We can’t wait to bring the world of BEANZ together with LINE FRIENDS.” Author: Toby Bochan Source link

Spanish tax agency to send over 328K notices to crypto holders

David Attlee

The Spanish Tax Administration Agency (AEAT) is increasing its efforts to charge the local holders of crypto assets. The AEAT intends to dispatch 328,000 warning notices to those who should pay their taxes on crypto for the 2022 fiscal year. According to the local newspaper El Mundo, the number of notices increased by 40% in a year, with 150,000 warnings in 2022. However, the fiscal authorities appear to be taking the matter seriously only recently, with just 15,000 notifications in 2021. However, such activity isn’t focused solely on crypto, with…

Coinbase wins $470K restitution in insider trading case

Luke Huigsloot

The brother of a former Coinbase employee has agreed to pay the cryptocurrency exchange nearly $470,000 for his role in an insider trading scheme. According to a New York District Court filing signed on April 6 and made public on April 10, Nikhil Wahi — brother of former Coinbase product manager Ishan Wahi — will be required to begin making restitution payments while serving time in prison in what is believed to be the first insider trading case involving crypto. The amount must be paid in full within 20 years…

FTX’s bankruptcy lawyers and advisors pocket $32.5M in February

Martin Young

February’s round of legal expenses for bankrupt crypto exchange FTX has been published and it remains a scary figure for debtors. A series of court filings from April 4 to April 10 detailed the monthly fee statements for February of the law firms involved with FTX’s bankruptcy proceedings which come to a combined total of around $32.5 million. The figure didn’t include the recompense for restructuring chief and CEO John J. Ray III who pocketed $305,000 in February according to a March court filing. Ray’s remuneration for March came in…

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