Crypto

The Key to Taxing Digital Assets Is Finding the Right Cubbyhole
The government may write special rules regarding the treatment of the new asset within the cubbyhole, but there will be an existing tax bucket for every new idea, says KPMG's Tony Tuths.

Let’s Actually Commit to Proofs of Reserve This Time, OK?
Requiring exchanges to show they have assets to match their liabilities would improve transparency and help to win back public trust in crypto, says Nic Carter.

Hong Kong Crypto Platform Hbit's $18.1M Stuck in FTX
In an announcement to shareholders on Monday, New Huo Technology Holdings Limited, said regarding its subsidiary, that $13.2 million of the money belonged to clients, while, $4.9 million were Hbit assets.

Crypto Investment Firm DCG Gives $140M Equity Infusion to Trading Firm Genesis
Genesis reported earlier that its derivatives business has about $175 million in locked funds in its FTX trading account.

JPMorgan Sees Wave of Crypto Deleveraging From FTX’s Woes
JPMorgan strategists said bitcoin's production cost could be an indicator of the market bottom.



