Crypto data platform Glassnode sells Bitcoin tax software to Blockpit
After acquiring the crypto tax platform Accointing in October 2022, Glassnode is selling the business to focus on DeFi and institutional offerings.
After acquiring the crypto tax platform Accointing in October 2022, Glassnode is selling the business to focus on DeFi and institutional offerings.
The Financial Services and General Government bill proposes to drastically cut funding to the SEC and other government agencies.
According to Cointelegraph: The London Stock Exchange Group (LSEG), the parent company to the London Stock Exchange and multiple fintech firms, seeks a director for digital assets according to its LinkedIn job posting. In its quest for the right candidate, LSEG listed several qualifications, including a “passion for and understanding of digital assets, cryptocurrencies, and distributed ledger technology.” According to the job description, the successful candidate will aid the company in developing and implementing a commercial strategy for new infrastructure solutions. The appointee will also help enhance LSEG's position and reach within digital private markets. However, a representative from LSEG told Cointelegraph that they could not provide additional details about this development at this time. This move follows LSEG's earlier announcement about their plan to utilize blockchain technology for the creation of a traditional asset trading platform. Through this venture, they aim to increase the efficiency of holding, purchasing, and selling these assets. Despite LSEG’s interest in blockchain technology, the group's head of capital markets, Murray Roos, clarified that they would not be venturing into cryptocurrency-related projects. This comes amidst increasing regulation in the UK's crypto environment. In October, the UK passed a bill allowing authorities to confiscate Bitcoin used in criminal activities and announced new stablecoin regulations. Furthermore, the country's financial watchdog issued a warning to crypto companies to comply with marketing regulations by January 2024, tightening its oversight of the rapidly growing industry.
Besides being short on crypto specialists, the SEC OIG noted a litany of problems that are already familiar — lack of legislative clarity, lack of interagency coordination, etc.
It’s not expected to come into force until 2025, but new publications from the FCA and BOE shed light on regulators’ thinking.
Bankman-Fried’s crimes each carry a maximum sentence of five to 20 years in prison.
Despite regulatory clarity, Hong Kong has failed to pick up the pace regarding futures-based cryptocurrency ETFs so far.
The intent behind the tokenization of SFC-authorized investment products is tied to rising market demand and the government’s willingness to facilitate market development.
The $744 million trust asset sale request comes after the judge approved the phased-out sale of nearly $3.4 billion in crypto assets in September.
The new CFTC proposal enhances rules for futures commission merchants and derivative clearing organizations, mandating high liquidity in customer fund investments.