The root of the issue wasn’t just the volatility of crypto, it was also tax timing. Mann received the ETH in January 2022, just before the broader crypto market began to plummet amid the Terra ecosystem collapse.
Bitcoin Lending Could Unlock a $130 Trillion Market: Research
The research also revisits the failures of the 2022 crypto lending crisis. Platforms collapsed after operating with high loan-to-value (LTV) ratios, opaque rehypothecation practices, and platform-controlled custody.
Expert Insights
Startups
How KoinBX is Democratizing Crypto Access to Everyone
KoinBX aims to provide equal opportunities in the emerging decentralized crypto-economy, focusing on quality, security, and accessibility.
Press Release
Web3 Gaming
Immutable Launches Mobile Gaming Division to Tap $121B Market
“A specialist taskforce, hell bent on breaking games into the $121bn mobile market,” Ferguson wrote on X (formerly Twitter). “Since April, we’ve already taken three games to the No. 1 rank on mobile stores. Now we want the charts to be dominated by Immutable.”
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Artificial Intelligence
Prosperr.io Raises $4 Million Seed Funding Led by Jungle Ventures to Build AI-Powered Tax Infrastructure
Prosperr.io builds AI powered tax management infrastructure aimed at simplifying compliance for individuals and enterprises operating across increasingly complex financial and regulatory environments.
The Department of Justice (DOJ) did not disclose the exact value or type of cryptocurrencies seized but confirmed that the funds were used to collect illicit proceeds from transactions on the BidenCash platform.
At one level, CoinDCX is doubling down on its “Made in India” compliance narrative just as a rival quietly exits Indian jurisdiction. At another level, it’s a company restructuring leadership while increasingly focusing on markets where crypto regulation is actually functional.
In a strategic move to expand non-speculative reward strategies within decentralized finance (DeFi), STON.fi has announced the integration of Ethena Labs’ synthetic dollar USDe into its ecosystem on The Open
Other participants in the round include Symbolic Capital, SALT Fund, and Flowdesk. Although the round closed in mid-2024, Avantis waited until now to announce it publicly to match its platform’s recent growth milestones, according to Harsehaj Singh, CEO of Lumena Labs, the team behind Avantis.
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