Celsius faces US federal investigation, IRS classifies crypto, NFT and stablecoin as digital assets, HackNotice accepts BTC, XMR

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Get your daily, bite-sized roundup of cryptoasset and blockchain-related news – investigate the stories flying under the radar in today’s crypto news.
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Legal news

• Bankrupt cryptocurrency lender Celsius network faces US “investigations,” according to a filing by attorneys for its unsecured creditors committee. “The number and scope of government investigations of debtors is significant: Celsius appears to be the subject of enforcement proceedings or investigations in at least 40 states, in addition to investigations or investigations in which the federal government is involved,” the filing reads.
• Three people connected OneCoin Founder Ruja Ignatova has been charged in a German court over her alleged role in a multi-billion dollar fraud operation. They are accused of money laundering, fraud and banking crimes, Bloomberg reported.

control messages

• An early draft of the 2022 US Tax office (IRS) tax form has cryptocurrencies, stablecoins and non-fungible tokens (NFT) grouped under a new category, Digital Asset. It states, “If a particular asset exhibits the characteristics of a digital asset, it is treated as a digital asset for federal income tax purposes.” The question must be answered by all taxpayers, not just those involved in a digital content transaction are assets, it added.

payment messages

• Threat Awareness Platform HackNotice said it now accepts cryptocurrency as a payment method, specifically Monero (XMR) and Bitcoin (BTC). “In addition to the increased security of cryptocurrency, HackNotice is introducing digital currencies as a payment method because they are easier for businesses to use,” said CEO Steve Thomas.

Regulatory news

• That Japan Virtual and Crypto Assets Exchange Association (JVCEA) plans to relax token listings for exchanges, allowing exchanges to skip a lengthy screening process, Bloomberg reported. The relaxed rules could go into effect as early as December, while JVCEA vice-chairman Genki Oda said it could scrap pre-screenings for new coins by March 2024, as well as for tokens issued via ICOs.

Blockchain News

• That Israeli Ministry of Finance‘s Office of the Accountant General and Tel Aviv Stock Exchange plan to test the use of digital government bonds, backed by an Israeli startup and blockchain infrastructure company fire blocks and multi-cloud service providers Vmware. The project is called “Eden,” and a joint team will conduct a Proof of Concept (PoC) of clearing Israel’s digital bonds on a new platform for trading and clearing digital assets, based on blockchain smart contracts and tokenization, it says in the announcement.

Career News

• Former Head of Policy and Regulatory Affairs at Celsius network Aaron Iovine has been hired as executive director for digital asset regulatory policy at a US-based banking giant JP Morganwhich is a newly created role, according to a Bloomberg Law report.
• Marie-Anne Barbat-Layani, a former banking lobbyist, has won Parliament’s approval to lead the French financial market supervision (The Autorité des Marchés Financiers (AMF)), reported Market Insider. Her role will include overseeing the registration of crypto firms in France.

NFT News

• NFT gaming platform Balthasar DAO announced that it will be added theses (XTZ) added to its list of supported blockchains to “help build the future of Web3 gaming through Balthazar’s newly released Babylon infrastructure product,” according to an announcement. This follows recent funding from the Tezos Foundation.

investment news

• Green Asset Capital is launching four investment funds focused on sustainable early-stage and growth-stage investments in the FinTech, Crypto, Blockchain, DeFi, NFT, Web3 and Metaverse industries, the press release reads. Green Asset Capital is a global digital asset investment group managing 40,000 BTC and 200,000 ETH, totaling over $1 billion at today’s exchange rates, she added.
• kora announced an investment from the Tezos Foundation, as well as using the Tezos blockchain to power its app. The Kora app rewards climate-friendly actions and helps individuals, companies and organizations to measure and reduce their carbon footprint, the press release says. Users earn koras for actions that reduce their carbon footprint, such as B. cycling, switching to renewable energies or the use of public transport.
• Shardeuman Ethereum Virtual Machine (EVM)-based sharded blockchain, announced $18.2 million in the blockchain’s first seed funding round, which was attended by over 50 investors including: Jane street, hit crypto, The Spartan Group, Big brain stocks, DFG, Ghaf Capital Partnersand forward-thinking ventures. According to an announcement, the funds will go toward intensifying the company’s research and marketing efforts, as well as expanding the development team to enhance its sharding technology and ecosystem, with a particular focus on product and design development.

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