Crypto Market Highlights News Of The Day
US Treasury’s Janet Yellen Compares FTX Collapse Like A Lehman Moment
Following the collapse of the crypto exchange FTX, US Treasury Secretary Janet Yellen spoke on the need for sufficient crypto regulation at an event held by the New York Times Dealbook on Wednesday. Yellen compared the FTX collapse to the failure of Lehman Brothers. In 2008, the investment bank filed for Chapter 11 bankruptcy, resulting in a massive stock market slump and a $700 billion bailout from the US government. For more specific information, you can read the article below:
Crypto Community Slams SBF Over Controversial Interview
The former FTX CEO Sam Bankman-Fried’s (SBF) highly contentious interview has not been well received by the cryptocurrency community. For more specific information, you can read the article below:
Canada’s Manitoba Province Suspends New Crypto Operations For 18 Months
Canada’s Manitoba province has imposed an 18-month embargo on new crypto-mining operations, citing the risk of overloading the local grid with new projects. For more specific information, you can read the article below:
Ripple And SEC Started Filing Replies To The Oppositions To Motions
The U.S. Securities and Exchange Commission and Ripple have begun submitting their responses to the oppositions to the requests for summary judgment in sealed documents. For more specific information, you can read the article below:
Italy Will Begin Collecting 26% Crypto Gains Tax In 2023
Beginning in 2023, Italy will levy a 26% capital gains tax on cryptocurrency profits. Holders of cryptocurrencies will be obligated by the new law to pay 14% interest on their holdings and reveal them. For more specific information, you can read the article below:
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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