Binance founder Changpeng “CZ" Zhao must stay in the United States until he is sentenced in February as he's unlikely to return to the country if allowed to travel to the United Arab Emirates, a federal judge has ruled.Continue Reading
Judge Richard Jones has approved Changpeng Zhao, ex-CEO of Binance, admitting guilt to charges of money laundering. However, the decision regarding his departure from the U.S. before the February sentencing is pending.Continue Reading
Hashdex, among the 13 asset managers competing for a spot in the Bitcoin exchange-traded fund arena, foresees the inaugural spot Bitcoin ETF arriving in the United States by the second quarter of 2024. A spot Ethereum ETF is expected to follow suit.Continue Reading
BlackRock, the massive asset management firm, submitted a revised S-1 filing to the Securities and Exchange Commission on Monday for its intended spot bitcoin ETF, mirroring Bitwise's similar action.Continue Reading
An Australian law firm has criticized the clarity and controversial nature of Australia’s cryptocurrency taxation guidelines, likening them to “toilet paper.” The Australian Tax Office (ATO) released guidance on Nov. 9, outlining potential tax implications for decentralized finance (DeFi) activities. However, in a Nov. 27 blog post, Cadena Legal highlighted the non-binding nature of the guidance, arguing that it should not be considered a binding public ruling but rather equated to “toilet paper.” We covered the ATO’s DeFi...Continue Reading
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