Around $4 billion in deposits tied to Signature Bank’s crypto business are set to be returned next week amid growing scrutiny around the Federal Deposit Insurance Corporation (FDIC). During a Financial Services hearing on Wednesday, FDIC chairman Martin Gruenberg fielded questions over his agency’s handling of the recent US banking crisis, including its takeovers of […]
BeInCrypto — La defensa del deshonrado jefe de FTX, Sam Bankman-Fried, se paga con dinero que el exmultimillonario le regaló a su padre en 2021. Según los informes, Bankman-Fried le dio a su padre un regalo libre de impuestos de 10 millones de dólares que el profesor de derecho de Stanford usa para financiar la […]
India disclosed that it made more than $19.2M in tax after new rules subjected income from crypto transfers to a flat tax rate of 30%. According to the Union Finance Ministry, tax collected at source on payments made upon the transfer of virtual digital assets totaled $19.2 million for the fiscal year up to March […]
Revolut, the UK-based digital bank, has irked its own board over the way it handled reports that auditor BDO was unable to verify a significant part of its 2021 revenues. Revolut’s long-delayed accounts showed the startup achieved its first full-year of profit in 2021, but BDO cast some doubt on the numbers. Specifically, it said […]
As Hong Kong is once again opening up to the crypto market, local investors are launching a $100-million fund to finance the digital industry. The new fund, ProDigital Future, will aim at Web3 companies in their early stages, oriented at the regional market. According to a Bloomberg report from March 30, ProDigital Future has finished […]