The U.S. Treasury Department has finally unveiled its definition of a “broker” for the crypto industry, defining how crypto companies and investors will need to meet tax reporting obligations and answering a years-old question over whether decentralized finance platforms and miners will need to gather their users’ personal data.Source
A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets.Source
The latest price moves in bitcoin (BTC) and crypto markets in context for August 25, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
A separate 2021 wallet bungle by the crypto custodian, taken into receivership in July, cost it $76 million, the CEO said in a court filing.Source
News that Elon Musk’s SpaceX had liquidated its bitcoin holding in the previous quarter acted as an additional catalyst for the correction in crypto markets in August, the report said.Source
The crypto exchange is conducting a “risk management initiative” targeting some crypto projects with a relatively small market capitalization or whose tokens form lower-liquidity trading pairs.Source
A ‘cybersecurity incident’ affected Kroll, which gathers customer claim data on behalf of bankrupt companies.Source
Num Finance already issues stablecoins pegged to the Argentine and Peruvian local currencies.Source