Web3 Co-Working Hub EmpireDAO Closes Amid Bear Market Woes
The hopeful “WeWork of Web3” is closing its doors and looking for a new home just months after it opened at 190 Bowery in Manhattan.
Read MoreTwitch Streamer and NFT Founder DNP3 Admits to Gambling Away Investor Funds
His projects, including The Goobers NFT and charity-focused cryptocurrency CluCoin, were down following the announcement. It’s unclear how much money was lost.
Read MoreGenesis-DCG Loan Leads to Class Action Arbitration Case from Gemini Clients
Claimants allege in a filing that Genesis breached its Master Agreement when it became insolvent in the summer of 2022, while hiding its insolvency from lenders like Gemini.
Read MoreFirst Mover Asia: Bitcoin Celebrates the New Year With Old Pricing, Holds Steady at $16.7K
ALSO: CoinDesk’s Sam Reynolds explains why crypto exchange token prices continue to respond to news events and not what the SEC and other regulators might do.
Read MoreGemini Co-Founder Accuses DCG’s Silbert of ‘Bad Faith’ Stalling in $900M Locked Funds Dispute
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Read MoreUK Enforces Crypto Tax Break for Foreigners Using Local Brokers
The measures now in effect are part of the government’s plans to turn the country into a crypto hub.
Read MoreWhat Will It Take for Bitcoin Mining Companies to Survive in 2023?
Some miners have held onto the bitcoin they mined, opting instead to finance operations with debt and other capital, which works really well – until it doesn’t.
Read MoreTax-Loss Harvesting Platform Unsellable is Building ‘The World’s Largest Collection of Worthless NFTs
The platform has so far purchased over 7,700 no-longer valuable NFTs that previous owners can count as losses to reduce taxable capital gains.
Read MoreItalian Parliament Approves 26% Crypto-Gains Tax in 2023 Budget
Italian Prime Minister Giorgia Meloni’s new bill also includes an incentive for those declaring crypto for tax purposes.
Read MoreFTX’s International Customers Lawyer Up, Ask Judge to Rule That Customer Assets Aren’t Property of FTX Estate
Lawyers representing FTX.com’s non-US customers have joined the bankruptcy fray, filing a motion on Wednesday asking a Delaware judge to rule that customer assets locked in the collapsed exchange are
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