The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Bitcoin mining firm Compute North files for bankruptcy, CEO resigns
The firm reportedly owes $500 million to about 200 creditors and has assets that are valued between $100 million and $500 million.
Cardano up 3% following completion of Vasil hard fork
The upgrade's full functionality will not be available to developers until Sept. 27.
UK should lower crypto tax rate to encourage growth – MP Matt Hancock
Matt Hancock announced during Zebu Live that HMRC needs to take a growth-maximizing mindset by lowering taxes to foster innovation within crypto
CryptoSlate Daily wMarket Update – Sept. 22: XRP lead gains as crypto market prints green candle
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.
CryptoSlate Wrapped Daily: Lebanon turns to crypto amid bank closures; FTX seeks to raise $1B; Zilliqa launches web3 gaming console
Binance launches Global Advisory Board to support responsible regulation of crypto, Russia's regulators agree to allow crypto use in international payments and much more in this edition of CryptoSlate Wrapped Daily.
UK’s new bill aims to help law enforcement seize, freeze crypto
The bill will strengthen the country's image as a place for legitimate businesses to thrive while driving out dirty money.
Russia’s financial regulators agrees on crypto use for international payments
Russia apex bank and its finance ministry had previously held opposing views on the use of crypto.
Research: Decade old whales selling Bitcoin hoard again; last time was during LUNA collapse
Whales are considered smart money within the Bitcoin ecosystem since they have managed to hold through almost every bear market cycle.
Coinbase denies The Wall Street Journal’s proprietary trading allegations
Wall Street Journal reported that Coinbase created a trading group that used $100 million of its funds to trade cryptocurrencies.
FTX looking to raise $1B in funding at $32B valuation
Temasek, SoftBank, and Tiger Global are among existing investors who have agreed to fund FTX in the upcoming round.
India considering GST on crypto transactions amid evaluation of sector’s legality
The Indian government is working on levying an 18% to 28% GST tax on crypto as they work on determining the asset's legal status in the country.
Zilliqa launches web3 gaming console with in-built miner and crypto wallet
A web3 gaming console with mining capabilities will be released in early 2023 to onboard new users into the blockchain gaming space
Binance sets up global advisory board to drive responsible regulation of crypto
CZ said that the GAB reflects Binance’s commitment to build trust with regulators as they work towards responsible regulation of the crypto industry.
Helium community votes to migrate to Solana, scores new T-Mobile partnership
The Helium Mobile project would be targeted at dead 5G spots in the U.S. for the wireless network users.
Korean tax authorities seize $185M worth of crypto from tax evaders since 2021
In 2020, North Korea implemented a system where authorities started seizing assets of delinquents and selling them if taxes remained unpaid.