Crypto
Crypto Winter Led to 91% Plunge in VC and Other Investments for January
A CoinDesk analysis shows crypto startups only raised $548 million last month. The FTX failure’s full impact on industry fundraising likely remains to be seen.
UK Crypto Industry Celebrates Government’s Planned Exemptions for Crypto Ad Approvals
But the country’s financial watchdog says it will “take a consistent approach to that taken for other high-risk investments,” when the time comes to set up enforcement rules.
Banking Startup LevelField Aims to Become First FDIC-Insured Institution to Offer Crypto Services
LevelField inched closer to its goal of offering both traditional and crypto banking services following its acquisition of the FDIC-insured Burling Bank.
My Big Coin Founder Gets 8-Year Jail Sentence for Fraud
Randall Crater, 52, was convicted in July of defrauding investors of more than $6 million.
India's Crypto Tax Amendment Could Punish Evaders With Jail Time, Attorneys Say
In 2022 India instituted a 30% tax on profits and a 1% tax deducted at source (TDS) on all transactions for the crypto sector.
UK Finance Ministry to Propose Broad Rules for Crypto, Invites Industry Feedback
The Treasury also gave crypto companies a time limited exemption to approve their own crypto promotions until more regulation comes.
Kazakhstan Looks to Tighten Rules for Crypto Exchanges After FTX Collapse
The Astana Financial Services Authority is seeking market feedback on new rules targeting operational resilience and separation of customer assets.
Coinbase Exec Says Institutional Investors Still Into Crypto Post-FTX
David Duong, head of institutional research at the exchange, says the collapse of Sam Bankman Fried's platform didn’t lead to a pullback.
