Elon Musk is facing allegations of insider trading over Dogecoin.
The Markets in Crypto-Assets (MiCA) legislation has officially been signed into law by officials in the European Union.
Bittrex has officially filed for Chapter 11 bankruptcy. This filing has come just a month after announcing its plans to close the US version of its exchange.
Cryptocurrency exchange Bittrex has decided to cease its operations in the United States. All funds must be removed by April 30th. This does not impact Bittrex Global.
Starting March 23, 2023 eligible users can claim the Arbitrum (ARB) airdrop by going to the official Arbitrum website and connecting an ETH wallet like MetaMask.
Many of us will get to lower our tax bill this year due to taking losses in crypto in 2022. Just keep in mind you can’t technically take your FTX, Blockfolio, etc., losses until bankruptcy proceedings are finalized.
Most people have losses going into 2023 in cryptocurrency. One advantage of this is taking advantage of tax loss harvesting for crypto.
Coinbase, the largest cryptocurrency exchange, has cut 950 employees (20% of its workforce). This was announced on January 10th, 2023, as part of a 25% reduction in operating expenses.
In the wake of 3AC, FTX, Block-Fi, Celsius, etc, many crypto lenders and exchanges are in trouble. Given this, let’s quickly cover GBTC, ETHE, WETH, Genesis, Gemini Earn, FTX, Block-Fi, and other matters (like if Coinbase is in trouble; HINT: all official signs and documents say it’s fine).
FTX halted withdrawals. Then on Friday, Nov 11th FTX was hacked. Currently, neither FTX nor FTX.US are safe to use. Withdrawals aren’t active on either platform and neither app is safe to use at the moment.