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Sotheby’s Reports Close to $35 Million in Digital Art Sales for 2023, Declares It ‘One of the Most Exciting Years’

Sotheby's, the renowned auction house with a rich history spanning 279 years, has made a significant impact on the digital art market in the current year. Fine arts auction house Sotheby's reported making "close to $35 million" in digital art sales in 2023, marking it as a standout year for the...

, by Hassan Shittu

ZA Bank Supports Over 80 Web3 Companies with Commercial Banking Services

Hong Kong-based ZA Bank announced that it has been providing support for over 80 web3 companies since early this year. This is in line with its vision for "Banking for Web3," which it introduced in April. Among these companies is OKX Hong Kong, and ZA Bank serves as the banking partner for...

, by Hassan Shittu

MEXC Quells Fears Over Possible Issues After CEO Account Deactivation

Digital asset exchange, MEXC has addressed user fears over a deleted social media account believed to be its CEO, stating that the firm has no official connection with the account. In a Dec 24 post on X (formerly Twitter), the exchange watered down community fears addressing all issues...

, by David Pokima

Biggest Crypto Gainers Today on Uniswap – METIS, MIND, BEAM

As the broader crypto market slows down after weeks of price surges, a number of tokens on Uniswap (UNI) continue to remain key performers, drawing the focus of both investors and traders. One of these top performs is METIS, which has seen its value reach $50, increasing by more than 32% in...

, by Ruholamin Haqshanas

Balancing Act: Cryptocurrency, Data Mining, and Sustainability – Navigating the Right Path

Data mining plays a crucial role in the cryptocurrency space as it is integral in providing market analysis, risk management, and ensuring security and integrity of transactions is in place. Traders and investors use data mining techniques to analyze market trends and identify new patterns...

, by Tanzeel Akhtar

Crypto Expert Chosen by Erdogan for Turkey’s Central Bank Board

Turkey President Recep Tayyip Erdoğan has appointed professor Fatma Ozkul, an expert in crypto assets and blockchain technology, to the central bank’s rate-setting committee. According to a recent report from Bloomberg, the nomination of Ozkul was announced in a decree on December...

, by Ruholamin Haqshanas

Storm Thwarts Suspected South Korean Crypto Price Fixer’s Flight to China

South Korean coast guards – and rough sea weather – appear to have thwarted a high-profile suspected crypto price fixer’s daring effort to flee the country for China. Per Joongang Ilbo, coast guards in South Jeolla Province arrested the man, surnamed Park and nicknamed Jon...

, by Tim Alper

SEC Meets with Seven Bitcoin ETF Applicants as 29 December Deadline Approaches: Reuters

Representatives from at least seven companies seeking to launch exchange-traded funds (ETFs) linked to spot Bitcoin (BTC) have met with officials from the Securities and Exchange Commission (SEC). According to a report by Reuters, the discussions, based on public memos and insights from...

, by Ruholamin Haqshanas

Crypto Exchange Yellow Card Financial Set to Apply for Nigerian License Following Cryptocurrency Ban Lift

Pan-African cryptocurrency exchange Yellow Card Financial has announced plans to apply for a license in Nigeria following the recent lifting of the country's cryptocurrency ban. The ban, which was imposed in 2021, prohibited financial institutions from transacting or operating cryptocurrency...

, by Ruholamin Haqshanas

Verida to Transform Digital Privacy Through Partnerships and Technology: Interview with Chris Were

Decentralized digital identity provider, Verida has rolled out several products and features including its recent partnership with zkPass, a private data protocol to secure user identity while verifying their identities on websites. In an exclusive interview with Cryptonews, Chris Were, the...

, by David Pokima

Japan’s Government Abolishes Crypto Tax on Unrealized Corporate Gains

Japan's cabinet has recently approved a key change in the fiscal 2024 tax policy, removing the tax on unrealized gains for corporate-held crypto assets, according to Nikkei. In the fiscal 2024 tax reform approved by the Japanese cabinet, the tax on unrealized gains from crypto assets held by...

, by Hongji Feng

Interview: Bitget’s Gracy Chen on 2024 Crypto Market Trends and Potential Supercycle

As we bid adieu to 2023, the crypto industry stands at a pivotal juncture, having witnessed a myriad of events that have reshaped the landscape. In an exclusive conversation with Gracy Chen, the Managing Director of Bitget, we explore the highs and lows of the crypto industry in the past year,...

, by Jai Pratap

BlackRock to Inject $10 Million Into Seed Fund for Upcoming Spot Bitcoin ETF

BlackRock plans to invest $10 million into a seed fund for its proposed spot Bitcoin exchange-traded fund (ETF). This financial commitment is part of the firm's preparations for the ETF's anticipated launch, pending regulatory approval from the Securities and Exchange Commission...

, by Hongji Feng

Terra Founder Do Kwon Appeals Against Extradition to South Korea and US

Terraform Labs co-founder, Do Kwon, has officially filed an appeal against the extradition decision of the High Court in Montenegro. On December 6, the Montenegrin Court of Appeal confirmed that Kwon Do-hyung submitted an appeal, expressing his refusal to accept the court's decision to...

, by Jai Pratap

Turkish Banking Titans Move into Crypto Space, Anticipating Upcoming Legislation

As Turkey prepares for new legislation in the crypto sector, major banking institutions in the country are making moves to secure their positions in the digital asset space. Despite uncertainties about the potential strictness of the impending laws, institutional adoption of crypto is on the...

, by Fredrik Vold

IRS Deals Devastating Blow to FTX With $24 Billion Tax Claim, Crypto Exchange Pushes Back

According to a November 30 filing by FTX debtors, the IRS tax claims of $24 billion filed in early November are "completely unsubstantiated" and FTX has now requested that the claims be dismissed by the bankruptcy court. Sam Bankman-Fried's FTX was hit with a major setback in its bankruptcy...

, by Trent Alan

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