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DCG Reaches in Principle Deal With Genesis Creditors, Estimates Recoveries of 70%-90%

The plan could result in the recoveries of 70% to 90% in USD equivalent for unsecured creditors and 65% to 90% recovery on an in-kind basis.

By Amitoj Singh

Aug 29, 2023 at 6:15 a.m. UTC

Aug 29, 2023

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Sam Bankman-Fried leaving court on February 16, 2023 (Liz Napolitano/CoinDesk)

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All of Sam Bankman-Fried's Proposed Expert Witnesses Should be Barred From Testifying: DOJ

The defense team moved to bar one of the prosecution's proposed witnesses as well.

By Nikhilesh De

Aug 29, 2023 at 5:56 a.m. UTC

Aug 29, 2023

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Binance’s Belgian Customers to Use Polish Entity in Bid to Escape Regulators’ Ban

National financial authority FSMA told the company in June to cease serving Belgian customers from outside the European bloc

By Jack Schickler

Aug 28, 2023 at 2:36 p.m. UTC

Aug 28, 2023

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Indian billionaire Mukesh Ambani (YouTube

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Indian Billionaire Mukesh Ambani's Firm Will Explore Blockchain Platforms and CBDCs

India has already made significant progress towards a wholesale and retail CBDC even though a full-scale launch is awaited.

By Amitoj Singh

Aug 28, 2023 at 10:52 a.m. UTC

Aug 28, 2023

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Sam Bankman-Fried, middle, walks into court on Aug. 11, 2023. (Victor Chen/CoinDesk)

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Sam Bankman-Fried's Defense Renews Push for 'Temporary Release' Ahead of October Trial

The FTX founder's bond was revoked earlier this month, after a judge found he had violated his bail conditions on at least two occasions.

By Nikhilesh De

Aug 28, 2023 at 3:19 a.m. UTC

Aug 28, 2023

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The new crypto tax proposal from the U.S. Treasury Department has been met with instant objections by some in the industry. (Jesse Hamilton/CoinDesk)

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Sweeping U.S. Tax Proposal Met With Boos From Crypto World

Minutes after the U.S.’s long-awaited proposal for taxing crypto gains went public, objections erupted from those tied to decentralized operations counted as “brokers.”

By Jesse Hamilton Nikhilesh De

Aug 25, 2023 at 3:23 p.m. UTC

Aug 25, 2023

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Celsius is being sold to crypto consortium Fahrenheit (Pixabay)

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Celsius Token Holders Lose Bid to Hike CEL Valuation

Some creditors of the bankrupt crypto lender argue it should be valued at a higher $0.80, the nominal price when the company collapsed, despite allegations of market manipulation

By Jack Schickler

Aug 25, 2023 at 1:51 p.m. UTC

Aug 25, 2023

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The U.S. Treasury Department unveiled its definition of a "broker" for crypto tax reporting purposes in response to a controversial provision in the 2021 Infrastructure Investment and Jobs Act. (Nikhilesh De/CoinDesk)

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U.S. Crypto Tax Proposal Lets Miners Off the Hook, Snares ‘Some’ Decentralized Exchanges

The IRS is finally proposing rules for crypto tax reporting, giving the industry its own 1099 form and declaring digital asset miners safe from the future requirements.

By Jesse Hamilton Nikhilesh De

Aug 25, 2023 at 12:45 p.m. UTC

Aug 25, 2023

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Hong Kong harbor skyline view into Kowloon

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Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says

A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets.

By Sandali Handagama

Aug 25, 2023 at 12:18 p.m. UTC

Aug 25, 2023

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