India’s finance minister says punitive crypto taxes will remain in force

Local media outlet Financial Express reported that the Indian government has no plans to reduce taxation on crypto transactions. On April 1, India implemented a 30% tax on income gained from cryptocurrency... Read more »

FBI detects fake crypto apps that scammed $42.7M from 244 victims

The U.S. Federal Bureau of Investigation (FBI) detected three fake crypto apps that stole around $42.7 million from 244 victims between October 4, 2021, and May 13, 2022, and recently issued a... Read more »

Japan’s crypto self-regulatory system reportedly falling apart

In 2018, Japan established the Japan Virtual Currency Exchange Association (JVCEA) and tasked the body with self-regulating the crypto industry. The government hoped that the industry body would be able to come... Read more »

Michael Novogratz predicts BTC could hit $500K by 2027

Galaxy Digital CEO Michael Novogratz believes the current bear market is just a rough patch, and global economics and crypto adoption rates will push Bitcoin up to $500,000 within five years. Novogratz... Read more »

Crypto.com, Coinbase secure approval from Italian regulator

Crypto.com and Coinbase have been approved by Italia’s Organismo Agenti e Mediatori (OAM) to offer crypto trading, custody services, and other products in Italy. The US-based companies have been making moves to... Read more »

SkyBridge Capital’s fund suspends withdrawals because of stocks, crypto decline

Former White House Communication Director Anthony Scaramucci’s fund management firm SkyBridge Capital suspended withdrawals in one of its funds with exposure to crypto assets like Bitcoin (BTC) and Ethereum (ETH), Bloomberg News... Read more »

Samsung’s new mining chips will be 45% more efficient

Tech giant Samsung said it is currently working on new 3-nanometer(nm) mining chips that will be 45% more energy efficient. The new chips are estimated to have 23% higher performance and are... Read more »

Bankruptcy lawyers believe Celsius customers may have to wait years for settlement

Lawyers commenting on Celsius’s recent bankruptcy filing told Reuters that users could face a long, drawn-out process in the path to recover their funds. “Customers should now buckle up for a bumpy... Read more »

Mixer usage sees all-time high thanks to nation-affiliated cybercriminals

Crypto mixer usage reached an all-time high in 2022 with a significant contribution from sanctioned entities and cybercriminals with known state affiliations, according to Chainalysis‘ recent report. The numbers show that the... Read more »

GameFi sector down, but not out

While the Web3 GameFi sector continued to bleed users in June and see funding rounds slashed, several popular games have kept their token prices and user numbers relatively stable. Additionally, game platform... Read more »