Mic Drop
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https://www.tiktok.com/t/ZTRgenvyV/ -
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@Isabella
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And now they are embracing "crypto"..... in an awkward way....
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According to data from CoinATMRadar, Australia deployed 99 crypto ATMs in the last three months of 2022. As a result, Australia now has 219 operational crypto ATMs, 7 more than El Salvador at the time of writing, effectively displacing El Salvador as the fourth-largest crypto ATM hub. At this rate, Australia will soon surpass Asia's 312 crypto ATMs. The total number of crypto ATMs worldwide is 38,602, out of which 6,071 ATMs were installed in 2022 alone. https://cointelegraph.com/news/australia-overtakes-el-salvador-to-become-4th-largest-crypto-atm-hub
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According to a report by CoinDesk, the U.K. will be enforcing a tax exemption for foreign investors purchasing crypto through local investment managers or brokers from Sunday. The tax exemption is part of U.K Prime Minister Rishi Sunak’s plan to turn the country into a crypto hub. In an email to CoinDesk, the government's tax arm, the HM Revenue and Customs, stated “This exemption is an important factor in attracting global investors, meaning foreign investors won’t be brought into U.K. tax simply by appointing U.K.-based investment managers. To build upon the U.K.’s position as an investment management hub, this exemption has been extended to include crypto assets, so that funds which include them aren’t put off from appointing U.K. managers.” https://www.coindesk.com/policy/2023/01/01/uk-enforces-crypto-tax-break-for-foreigners-using-local-brokers/
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According to reports, FTX founder Sam Bankman-Fried will likely plead not guilty to the alleged FTX and Alameda-related financial frauds at his arraignment on Jan 3rd before U.S. District Judge Lewis Kaplan in Manhattan. The reports cite an unnamed source familiar with the matter. However, even if SBF pleads not guilty during initial court hearings, he is allowed to change his plea in due time. https://www.wsj.com/articles/sam-bankman-fried-likely-to-enter-plea-of-not-guilty-11672431309
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Metaverse and gaming-focused firm Animoca Brands has reportedly been allowed an extension to file its audited financial report for 2020, which was originally due to Australian regulators by the end of 2022. The new deadline is set to the end of the first quarter with subsequent years' accounts to be filed later in 2023. Animoca's chief communications officer, Ibrahim El Mouelhy, stated “We do not expect to miss our filing deadlines — as of right now we are on track for the schedule agreed upon with ASIC, our regulator with whom we are working closely.” https://www.theblock.co/post/198445/animoca-brands-allowed-deadline-extension-for-filing-results
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In his first tweet since being arrested, former FTX CEO Sam Bankman-Fried (SBF) has denied any involvement in the recent movement of funds in wallets linked to Alameda Research. Over $684,000 in crypto has been cashed out of the Alameda-linked wallets via. an exchange in Seychelles, according to an on-chain investigation conducted by DeFi educator BowTiedIguana. SBF tweeted, "None of these are me. I'm not and couldn't be moving any of those funds; I don't have access to them anymore." https://decrypt.co/118193/sam-bankman-fried-denies-moving-alameda-linked-funds
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In a letter posted on its website, crypto asset manager Valkyrie Investments has revealed that it wants to become the sponsor and manager of the Grayscale Bitcoin Trust (GBTC), a product introduced by its rival firm Grayscale Investments. It included a set of proposals on how it intends to manage the product, which includes allowing investors to redeem GBTC at net-asset value via a Regulation M filing. Parts of the letter posted on the firm’s website reads as follows, “We are well-equipped to handle the unique challenges and opportunities presented by GBTC. Our combination of technical and regulatory knowledge and hands-on experience makes us the ideal choice to take on this role […] We understand that Grayscale has played an important role in the development and growth of the bitcoin ecosystem with the launch of GBTC, and we respect the team and the work that they have done. However, in light of recent events involving Grayscale and its family of affiliated companies, it is time for a change. Valkyrie is the best company to manage GBTC to ensure its investors are treated fairly.” https://www.bloomberg.com/news/articles/2022-12-30/valkyrie-unveils-proposal-for-grayscale-s-troubled-bitcoin-trust-gbtc
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According to reports, Mr Park Mo, the vice president of Vidente, the biggest shareholder of the South Korean cryptocurrency exchange Bithumb, was discovered dead in front of his house around 4 am on December 30. Shortly before his death, Mr Mo had been identified as the primary suspect in a case involving stock price manipulation and money embezzlement at businesses connected to Bithumb. Authorities suspect that Mr Mo may have taken his own life due to the nature of the criminal allegations that had been brought against him. https://cointelegraph.com/news/bithumb-s-largest-shareholder-executive-found-dead-following-allegations-of-embezzlement
