Crypto News 2 Dec 2022

Please find below today’s Crypto News 2 Dec Headlines

Crypto News 2 Dec #1 – Crypto User Activity Is Moving On-Chain Following FTX’s Collapse

Crypto user activity is moving on-chain following the collapse of crypto exchange FTX and its affiliated trading arm, Alameda Research, last month as self-custody comes back into vogue, Bernstein said in a research report.

Crypto News #2 – Italy Plans to Introduce 26% Tax on Crypto Gains

A provision in Italy’s 2023 budget plan seeks to levy a staggering 26% tax on capital gains derived from crypto trading. However, this tax slab will be applicable if the crypto profits are larger than 2,000 euros ($2,062.3). Italy’s tax authorities have been seeing cryptocurrencies and tokens as foreign currencies.

Crypto News 2 Dec #3 – Sam Bankman-Fried Explains FTX-Alameda Relationship

Sam Bankman-Fried was frequently asked about the relationship between FTX and Alameda Research, which held many of FTX’s assets. Bankman-Fried said that after the tweet on Nov. 6 raising concerns about FTX’s stability and its ties to Alameda, he saw a “run on the bank start,” which led to about $4 billion a day in withdrawals.

Crypto News #4 – Bitcoin Rises Again on US Fed Chair’s Moderate Remarks

Fed Chair’s Moderate Remarks Send Cryptos Higher By James Rubin U.S. central bank Chair Jerome Powell wasn’t exactly dovish in a speech Wednesday, but his suggestion that the Fed could live with a more moderate interest rate hike at its mid-December meeting sent cryptocurrency prices, not to mention other assets higher.

Crypto News 2 Dec #5 – Coinbase shuffles APAC leadership, appoints new regional policy lead

Crypto exchange operator Coinbase today announced leadership changes in its Asia-Pacific team. The San Francisco-based company said in a blog post that John O’Loghlen, who joined as country director for Australia from Ant Group in July, has taken on the additional role of regional managing director of APAC.

Crypto News #6 – Telegram To Build Decentralized Exchange, Crypto Wallets

Telegram has announced plans to create a decentralized crypto exchange and non-custodial wallet. The company cites the FTX meltdown as the driving factor behind the decision. Telegram has already launched a successful decentralized auction platform.

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Crypto News 2 Dec #7 – ApeCoin Falls Below $4 Again As Its Treasury Sells Its Own Token Holdings

ApeCoin Falls Below $4 Again As Its Treasury Sells Its Own Token Holdings. ApeCoin (APE) seems to be ignoring the push that the broader crypto market is making that enabled many cryptocurrencies to record significant price increases during the previous 24 hours.

Crypto News #8 – EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’

EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’. One of the leading figures convicted of being behind the $100 million crypto “Ponzi” scheme, EmpiresX, has just been handed an over four-year jail sentence by a United States court.

Crypto News 2 Dec #9 – Chainlink Staking Launching on December 6

Chainlink Staking to Go Live on December 6 Staking (v0.1)—a core initiative of Chainlink Economics 2.0., is set to go live on the Ethereum mainnet next week on December 6. After two days, on December 8, the capped staking pool will open to general access.

Crypto News #10 – Kraken Cuts 30% Of Its Workforce To Survive Crypto Winter

Kraken cuts workforce by 30% in an effort to survive crypto winter. Cryptocurrency exchange Kraken announced on Nov 30, that it has made “one of the hardest decisions” to cut down its global workforce by approximately 1,100 people, making up approximately 30% of its total workforce, amid current market conditions.

Crypto News 2 Dec #11 – TradFi Giant TP ICAP Gains UK Crypto License

TP ICAP, the world’s largest interdealer-broker, has registered as a digital-asset provider with the U.K.’s Financial Conduct Authority as it attempts to break into the crypto world with its Fusion Digital Assets marketplace.

Crypto News #12 – National Bank of Ukraine Unveils E-hryvnia Concept

The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for its digital coin, including retail payments and cross-border settlements.

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