LATEST: Binance CEO Changpeng “CZ” Zhao warned his staff to expect turbulent times ahead as the exchange faces mass withdrawals and intense manipulation rumours. Whether it’s fact or FUD, it definitely spells trouble for the crypto space.
The UK pushed ahead with plans to transform the country into a global crypto hub by including digital assets in its financial services reform package.
Binance acquired Sakura Exchange BitCoin (SEBC).
Tron’s Justin Sun deployed capital to re-establish USDD’s $1 peg.
Over $3 billion worth of crypto were withdrawn from Binance in 24 hours amid rumours of problems.
Animoca Brands to launch a billion-dollar fund to support metaverse-focused startups.
FTX founder Sam Bankman-Fried was arrested in the Bahamas.
We’ve hand-picked some of the most relevant emerging stories in the crypto space to help you stay ahead of the curve.
Government announcements and regulations
1 Dec: Commodity Futures Trading Commission (CFTC) commissioner proposed a 2-tier crypto regulatory system for retail investors and high-net-worth individuals.
1 Dec: TP ICAP, the world’s largest interdealer-broker, obtained a UK crypto licence.
1 Dec: Italy planned to impose a 26% tax on capital gains from crypto trading.
2 Dec: Several US politicians are returning donations they’ve received from disgraced FTX founder Sam Bankman-Fried.
2 Dec: Ukraine collaborated with international consultants such as Ernst & Young and the USAID to update its crypto framework.
5 Dec: Pakistan signed new laws to ensure the timely issuance of a central bank digital currency (CBDC) by 2025.
8 Dec: Spain’s central bank intended to test wholesale CBDCs and is seeking collaboration proposals from financial institutions and tech providers.
9 Dec: The UK pushed for more investment in crypto businesses by including digital assets in its financial services reform package.
13 Dec: Canada to ban crypto firms from offering margin or leveraged trading to citizens.
14 Dec: Australia to introduce a new crypto licensing regime in 2023 to modernise the country’s financial system.
NFTs, GameFi and metaverses
2 Dec: Magic Eden released a Solana NFT tool that allows creators to enforce royalties on their collections.
2 Dec: Apple forced Coinbase Wallet iOS to disable its NFT transfer feature.
2 Dec: Animoca Brands planned to launch a billion-dollar fund to support metaverse-focused startups.
14 Dec: Binance faced over $3 billion in withdrawals within 24 hours amid alleged problems.
Blockchain and tokens
1 Dec:Blockchain protocol Komodo debuted AtomicDEX Web, a 3-in-1 offering that features a wallet, cross-chain bridge and DEX.
3 Dec:Avalanche partnered with Alibaba Cloud to power infrastructure services in Asia.
5 Dec: USDC issuer Circle called off public listing plans.
8 Dec:Ethereum developers target March 2023 for Shanghai hard fork that will enable users to withdraw their staked ETH and applicable rewards after the upgrade goes live.
12 Dec:Tron‘s Justin Sun injected roughly $773,000 capital to re-establish USDD’s $1 peg.
14 Dec:Algorand selected as the public blockchain to support digital guarantees platform in Italy.
Images: Getty Images
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service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and
involve significant risks – they are highly volatile and sensitive to secondary activity. Performance
is unpredictable and past performance is no guarantee of future performance. Consider your own
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Zyane Tan is an editor at Finder. An experienced copywriter and content creator, Zyane enjoys writing on a wide array of subjects. When she’s not busy typing away, she’s reading and musing over a pint.
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