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NFT holders are on edge following an announcement by the IRS that they're reaching final rules surrounding the taxation of NFT assets.

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The Australian Prudential Regulation Authority (APRA) has reportedly asked local banks to report on cryptocurrency transactions. This ruling occurred in the aftermath of Silicon Valley Bank’s (SVB) collapse.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Eurex is the latest exchange to offer bitcoin index futures as a crisis of confidence in the banking sector sparks renewed interest in digital assets.

During the last bull market, a simple mention of Dogecoin [DOGE] by Elon Musk would have resulted in a quick uptick for the memecoin. However, the reaction seems to have slowed down in recent times even as the Twitter CEO remains a big admirer of the project.

Trading volumes on centralized crypto exchanges (CEX) have seen a significant surge over the past few weeks. Trade volumes of the top 18 exchanges have reached a four-month high of $51 billion, the highest level since the collapse of the Bahamas based crypto exchange FTX. 

CNBC and independent research firm Statista are working together to identify the world's top fintech companies, to be named in a published CNBC report in August.

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Exchanging hands at $27,524 per coin at press time, Bitcoin [BTC] ended last week’s trading session with an impressive 35.8% increase in value, causing it to rally out of the deep bear market territory, Glassnode found in a new report . 

The recent bull run in the crypto space has brought all eyes to Bitcoin [BTC], with its soaring prices generating profits for both long-term and short-term investors.

The United States Securities and Exchanges Commission (SEC) has taken a swing at yet another crypto-entity. This time around the commission has issued a subpoena against SushiSwap – a decentralized exchange. In addition, Jared Gary – the CEO of the DEX – was also served with a subpoena. A subpoena issued by the SEC demands the production of certain documents relating to a case investigated by the commission.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Fight Out ($FGHT) is an emerging play-to-earn gaming project that embeds train-to-earn mechanics to revolutionize the fitness and gaming industry by incentivizing participants to keep fit. 

Since Shiba Inu’s [SHIB] price increased in January, it has gone through a period of fluctuating gains and losses. Despite the ebb and flow of the SHIB pricing, a wallet recently made several withdrawals, totaling a significant amount of the currency.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The collapse of Silicon Valley Bank was a «Lehman moment» for the technology industry, according to a top Goldman Sachs dealmaker.

While the money in SVB and the dollar peg were recovered, USDC's market cap took a hit and Circle is now reiterating its call for regulation that would make it a full reserve federally supervised institution.At a conference held at Warwick Business School, Circle’s Tarleton Watkins said that one long term option for retail stablecoins could involve a wholesale CBDC at the Fed as a backing instrument, but in the meantime holding dollar reserves with the Fed rather than various financial partners would be a logical step in light of SVB’s failure.Watkins told his audience: "In some ways, the events surrounding SVB act as a vindication of what we have been advocating for and that is a full Fed reserve model, where we could have access to risk-free cash."Although it is rare to have cascading bank failures, like in the financial crisis of 2008, this event with SVB put Circle through a very serious stress test, and we have come through it."Meanwhile, Circle has filed applications in France to become both a licensed Electronic Money Institution and a registered Digital Asset Service Provider. The move comes as Circle looks to expand its operations in Europe and push its EUROC stablecoin.Autorité des Marchés Financiers (AMF).

SpankPay, an Ethereum [ETH]-based adult entertainment platform, is closing its crypto payment processor SpankPay after it lost its payment service provider Wyre last month and failed to find another.