Announcements, Stories, Opinions And Ideas

A weekly digest of relevant news about digital assets and crypto, outlining crucial blockchain industry updates that you may have missed.

Binance CEO Says He Fully Expects DeFi to Cannibalize His Crypto Exchange - CoinDesk
Binance CEO Changpeng “CZ” Zhao acknowledges the contradictions inherent in trying to tap into the fast-growing business of decentralized finance, or DeFi, while trying to defend his company’s reign as the world’s largest cryptocurrency exchange.
Gemini crypto exchange adds shielded withdrawals for privacy coin Zcash
“Regulators can get comfortable with privacy-enabling cryptos,” Gemini says.
IRS may put cryptocurrency question at the top of 1040 to catch cheaters
Virtual currency profits are taxable under US law.
Crypto regulations in the United Kingdom: Are we there yet?
For the U.K. to remain attractive to the crypto industry, it should strive to provide more clarity and certainty around compliance.
Indian Police Probe Crypto Exchange and Founders Allegedly Running a Scam | Bitcoin News
Delhi police are reportedly investigating a cryptocurrency exchange and its executives allegedly duping Indian investors after receiving multiple complaints. The complainants further say the company has moved office overseas without returning their investments.
China State Media Make Rare Reports Calling Crypto 2020′s Best Performing Asset - CoinDesk
Several Chinese state-owned media have made unusual coordinated reports describing cryptocurrencies as the year’s top performing investment.
Major Indian exchange proposes new regulatory framework to avoid crypto ban
A blanket ban would likely result in illegal trade of cryptocurrencies
Most crypto exchanges are vulnerable by design, says Bybit CEO
He isn’t surprised attacks happen
California Governor Signs Law Bringing State ‘New Tools’ to Regulate Crypto - CoinDesk
The California department responsible for financial regulation will soon have more powers to supervise the cryptocurrency industry.
New Zealand’s tax authority grills companies for info on crypto users
If it’s a taxable event, authorities want to know.