The Block Portugal considering capital gains tax for cryptocurrency The minister of finance confirmed on Friday during a working session that crypto assets will be subject to taxation in the near future. Read Full Story May 16, 2022, 2:13PM UTC
Institutional Japan’s largest investment bank Nomura to launch crypto arm, FT reports Nomura plans to have around 100 people working for the new company by the end of 2023. Read Full Story May 16, 2022, 1:31PM UTC
Markets Celsius announces plans for an IPO of its bitcoin mining subsidiary The crypto lending platform has revealed plans to list its mining subsidiary on the stock market. Read Full Story May 16, 2022, 12:56PM UTC
NFTs Spotify starts trialing NFTs on its platform, Music Ally reports The streaming giant is trialing NFT promotions but won't be selling NFTs directly on its platform. Read Full Story May 16, 2022, 12:36PM UTC
Blockchain Polygon, Juno and Fantom blockchains try to lure Terra's projects Other blockchains are advertising themselves to developers closing their shops on Terra after its collapse. Read Full Story May 16, 2022, 12:16PM UTC
Stablecoins DeFi lender left with $35 million bad debt after quoting depegged stablecoins at $1 The DeFi platform Scream has racked up a significant amount of bad debt after hardcoding the price of depegged stablecoins to $1. Read Full Story May 16, 2022, 11:49AM UTC
Companies Binance's LUNA investment, which peaked at $1.6 billion, now worth just $3,000 Even though Binance lost nearly all of its initial investment, it still turned a profit from its staking yield. Read Full Story May 16, 2022, 10:34AM UTC
Stablecoins Luna Foundation Guard depleted its $3 billion reserves to try to save UST, it reveals LFG said it would look to compensate users for losses suffered due to the breakdown of its algorithmic stablecoin. Read Full Story May 16, 2022, 9:33AM UTC
Exchanges Grayscale set to roll out first European ETF It will list on the London Stock Exchange, Borsa Italiana and Deutsche Börse Xetra and be passported for sale across Europe. Read Full Story May 16, 2022, 7:57AM UTC
Bitcoin Nayib Bukele says 44 countries to meet in El Salvador to discuss bitcoin Numerous developing countries are set to meet in El Salvador on Monday to discuss bitcoin, among other things, says President Nayib Bukele. Read Full Story May 16, 2022, 6:00AM UTC