Market
Adoption
Economist Nouriel Roubini backtracks on anti-crypto stance with digital dollar plans
Atlas Capital, co-founded by Roubini, will work with web3 developer Mysten Labs to develop the “United Sovereign Governance Gold Optimized Dollar.”
Taxes
Indians to face additional 28% tax on crypto
India’s Goods and Service Tax (GST) Council considers bracketing crypto investments in the same category as lottery, casinos, racecourses, and betting.
Analysis
Terra’s LFG to lend OTC traders $1.5B in BTC, UST to support stablecoin peg
Do Kwon, the co-founder of Terra, has said that the move is not an attempt to sell its Bitcoin holdings.
Crime
UK thieves targeting phones to steal crypto
One victim of the attack revealed that a mugger forced him to open his phone with a fingerprint, changed his security settings, and stole £28,700, including cryptocurrency.
Regulation
Senator Warren challenges Fidelity over its Bitcoin 401(k) plans
Fidelity had urged the Department of Labor to issue guidance and not opinion on Bitcoin investments for retirement funds.
Technology
Cardano plans 2 developer events before next hardfork
Retail investors interest in Cardano has risen by around 190% within the last 30 days.
Regulation
California set to create comprehensive crypto regulatory framework as Governor signs Executive Order
A top government official mentioned how blockchain tech could help to revolutionize other industries operating in the state.
Legal
BitMEX’s Arthur Hayes pleads for leniency
The defense counsel is arguing that the conviction of Arthur Hayes has set enough precedence within the crypto space.
Banking
Largest private bank LGT to offer direct Bitcoin and Ethereum investments
The crypto investment option would first be open to LGT clients in Liechtenstein and Switzerland.
NFTs
Coinbase’s NFT marketplace is not getting the entry it expected
Coinbase NFT marketplace has recorded a slow start to life when compared with its competitors.
Mining
Kazakhstan imposes strict energy consumption reporting requirements on crypto miners
Kazakhstan requires every crypto-miner in the country to provide detailed information about their operations 30 days before commencing operations.
NFTs
Otherside virtual land value falls as interest recedes
Yuga Labs has begun refunding gas fees for users who had failed transactions during the minting process of its new Otherdeeds NFTs.