Highlights Binance is transitioning NFT management from its exchange to its self-custodial wallet. NFT holders must withdraw their transferable assets by July 3, 2023. The NFT sector's value remains volatile, with many leading collections significantly down from their peak values. The Shift in NFT Management by Binance Binance, one of...
Author: Quinn Taylor
SEC Commissioner Declares Philippines Poised for RWA Tokenization Revolution!
Highlights: - The Philippine SEC is now poised to embrace the tokenization of real-world assets, signifying a pivotal step in financial innovation. - This initiative aims to provide overseas Filipino workers with legitimate investment opportunities and protect them from scams. - The SEC's Strategic Sandbox allows fintech companies to pilot...
Polish President Rejects Crypto Bill Again as MiCA Deadline Approaches: What You Need to Know!
Polish President Karol Nawrocki has vetoed a cryptocurrency regulatory bill for the third time, delaying Poland's adherence to the EU's Markets in Crypto Assets Regulation (MiCA). The latest veto has sparked outrage from government officials, including Prime Minister Donald Tusk, amid concerns over crypto oversight in Poland. With the July...
Upcoming House Hearing: Unpacking the Game-Changing Crypto Tax Proposals
Highlights US House Ways and Means Committee introduces seven drafts aimed at simplifying digital asset taxation. Advocates push for reduced tax burdens on crypto transactions, mining, and staking, including a proposed “de minimis” exception. Illinois moves towards a 0.2% tax on crypto transactions as part of its latest state budget....
Sui Tackles Three Network Outages with Game-Changing Upgrade!
Highlights Major upgrade implemented by the Sui Foundation addresses outages that plagued the Sui Network for over 15 hours. Recent outages were linked to bugs introduced in the software update; however, no user funds were compromised. The SUI token has seen an 11% decline post-outages, reflecting market concerns and volatility....
