Genesis Block News

14.11 / 08:30

Adoption regulation Tokens Taxes Australia to impose capital gains tax on wrapped cryptocurrency tokens

The Australian Taxation Office (ATO) has issued guidance on capital gains tax (CGT) treatment of decentralized finance (DeFi) and wrapping crypto tokens for individuals, clarifying its intent to continue taxing Australians on capital gains when wrapping and unwrapping tokens.

07.11 / 06:43

Blockchain Ethereum wallet Lost LHV Bank founder has $470M worth of Ether, but lost his private key

The founder of Estonia-based LHV Bank, Rain Lõhmus, has been revealed as the owner of a massive 250,000 Ether (ETH) stash bought during the Ethereum ICO, which is now worth an eye-watering $470 million.

19.11 / 01:13

business Blockchain Investments Bankruptcy Nickel Digital, Metaplex, and others continue to feel the impact of FTX collapse

Nickel Digital Asset Management is not the only company feeling the effects of FTX’s collapse and bankruptcy. NFT protocol Metaplex also laid off, “several members of the Metaplex Studios team” due to the "indirect impact" from the collapse of crypto exchange FTX. The co-founder and CEO of Metaplex Studios Stephen Hess shared in athread on Twitter that:

19.11 / 00:07

markets FTX Bitcoin Bitcoin Price Bitcoin traders increase leverage longs even as crypto critics say BTC is a “pure Ponzi”

Bitcoin (BTC) price has tested the $16,000 resistance multiple times since the 25% crash that occurred between Nov. 7 and Nov. 9, and some critics will justify their bearish bias by incorrectly assuming that the failure of FTX exchange should trigger a much broader correction.

18.11 / 19:13

Blockchain Stablecoin Binance FINRA News Summary: FINRA Launches Crypto Comms Probe, Genesis Block Stops OTC Trading, Thodex Founder to Be Extradited to Turkey

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

18.11 / 16:03

business FTX FTX market aftershock reportedly causes Genesis Block to cease trading in Hong Kong

In the wake of the recent FTX scandal, another crypto business is feeling the market effects. Genesis Block, a frontrunner for providing cryptocurrency retail services in Hong Kong, announced it will cease trading and shutter operations, according to reports.

08.04 / 09:27

Adoption Blockstream Bitcoin Samson Mow’s new company JAN3 helping build Bitcoin City in El Salvador

Samson Mow, former chief strategy officer of Blockstream and founder of Pixelmatic, said on Thursday that he has started a new company called JAN3 which will focus on accelerating Bitcoin adoption.

19.01 / 20:55

Government Law SEC Agency committee open SEC Advisory Committee member calls agency to open for public comment on crypto regulation

Associate law professor and member of the Securities and Exchange Commission’s Investor Advisory Committee J.W. Verret is calling for the government agency to open for public comment in regards to digital asset regulation.

04.01 / 13:55

Blockchain Adoption Bitcoin Third-largest whale celebrates Bitcoin's birthday with 456 BTC buy

It is now 13 years since the genesis block of the Bitcoin (BTC) blockchain was created, which marked the beginning of the chain. To commemorate the occasion, the third-largest Bitcoin whale appears to be back after the new year holidays, and he or she has just completed the first sizable purchase of 2022.

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