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US Senate confirms Philip Jefferson as Federal Reserve vice chair

Philip Jefferson, who has been serving as a Fed governor since 2022, will take on the No. 2 role under chair Jerome Powell at the central bank until 2036.

Alex Mashinsky's assets frozen by US court as part of criminal case

The former Celsius CEO was arrested on July 13 and faces criminal and civil charges stemming from his involvement in the now-defunct platform.

NFT collapse and monster egos feature in new Murakami exhibition

Famed Japanese artist Takashi Murakami’s new exhibition comments on digital ego and the shaky status of the NFT industry.

Here’s why Bitcoin will hit $22K soon

This week, The Market Report discusses why $22,000 is the next logical step for Bitcoin and why BitMEX co-founder Arthur Hayes claims the bull market started back in March.

Coinbase launches crypto lending platform for US institutions

Coinbase’s new institutional lending service has the same operating entity as Coinbase Borrow, which halted issuance of new loans in May.

Sam Bankman-Fried appeal against bail revocation 'meritless': Prosecutors

The New York South District court revoked former FTX CEO Sam Bankman-Fried’s bail on Aug. 11 after an appeal from the prosecution in July citing multiple instances of violation of bail conditions.

CBDCs will gradually displace private banks, says Russian lawmaker

Some Russian banks have been increasingly concerned about the potential implications of the digital ruble after the first pilots started in August.

India G20 confirms 'active discussions' around global crypto framework

Sitharaman said crypto was a “threat as well as an opportunity” while confirming that the G20 members are working toward this vision of establishing a global crypto framework.

How to handle crypto trading gains and losses on your balance sheet

Cryptocurrency taxation and reporting transactions on your balance sheet differ. Here’s how to treat cryptocurrency on your balance sheet.

Grayscale asks SEC to meet on 'way forward' for Bitcoin ETF conversion

“We believe the Trust’s nearly one million investors deserve this fair playing field as quickly as possible,” Grayscale's lawyers wrote to the regulator.

Computer science experts say US should create new fed agency for AI: Survey

According to the 215 computer science professors surveyed, AI might not be as big of a displacer as the C-suite claims.

80 Chinese crypto influencer accounts shut down in latest crackdown

The accounts had over 8 million in combined followers before they were removed.

40% of crypto trading platforms are decentralized: World Federation of Exchanges

The World Federation of Exchanges noted that retail demand is higher for crypto products, but there’s a lack of awareness around investor protection.

Crypto lawyer Irina Heaver on death threats, lawsuit predictions: Hall of Flame

Irina Heaver moved to crypto after she could no longer “sit in the boardroom listening to that corporate bullshit.“

MetaMask scammers take over government websites to target crypto investors

Official government websites from India, Nigeria, Egypt, Colombia, Brazil, Vietnam and other jurisdictions have been found redirecting to fake MetaMask websites.

Japanese regulator seeks to scrap “unrealized gains” tax on crypto

The Japanese Financial Services Agency has proposed changing the tax code around digital assets to free domestic firms from the end-of-the-year “unrealized gains” tax on crypto.

Digital euro can ward off a host of private payment service ills: ECB official

Private payment services can gain a monopoly over services with no benefit to other market players or economic stability, ECB board member Fabio Panetta said.

Grayscale victory, SEC delays decision on Bitcoin ETFs: Law Decoded

Grayscale victory doesn't help Bitocoin spot ETF approval on first deadline as SEC postpones decison to next deadline.

Failure to tax the metaverse ‘will create a tax haven’ — Harvard legal expert

Harvard scholar Christine Kim writes that income and wealth in the metaverse should be subject to immediate taxation.

Former MAS chair who called crypto 'highly risky' wins Singapore's presidential race

Tharman Shanmugaratnam has served as Singapore's finance minister and the head of the country's financial regulator during his time in government.

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