#crypto

The bankrupt crypto company Celsius has announced the conclusion of its bankruptcy proceedings. They are set to begin distributing over $3 billion in both crypto and fiat currency to their creditors.

The legal firm MANIMAMA has released a report analyzing cryptocurrency tax systems worldwide, including the EU, Switzerland, the UAE, and more. Notably, the UAE, particularly Dubai, emerges as one of the most favorable locations for crypto trading and earnings, as it imposes no capital gains or income tax.

The X account of the Spanish Embassy in Bosnia and Herzegovina has been actively engaging in discussions about cryptocurrencies, particularly regarding potential airdrops or updates. The embassy's account commented on various cryptocurrency projects, including Beam, Phantom, and SatoshiVM.

Investment company Uncorrelated Ventures secured $315 Million in recent funding to finance software infrastructure and crypto startups.

European Securities and Markets Authority (ESMA) published drafted regulatory guidelines under the MICA framework.

The gaming-focused crypto project Immutable has launched its L2 network, Immutable zkEVM, on mainnet. This network functions independently from the existing StarkEx-based solution.

Joe Lonsdale, the co-founder of analytics company Palantir, views the expansion of artificial intelligence as a potential driving force for the cryptocurrency market. He foresees a future where many AI-focused companies will embrace cryptocurrencies for payments.

Inter Miami, the American football club featuring star player Lionel Messi, has shifted its sponsorship allegiance from the cryptocurrency investment firm XBTO Group to the cruise operator Royal Caribbean International. This decision is widely viewed as the club's move to distance itself from the crypto industry.

Thailand's Securities and Exchange Commission (SEC) has revised its crypto industry regulations, creating a more business-friendly and user-oriented environment. One significant adjustment is the removal of the previous limit on investment volumes in tokens backed by tangible assets.

Ethereum's founder, Vitalik Buterin, recently published an article titled "The promise and challenges of crypto + AI applications." He delves into the convergence of blockchain and AI technologies, highlighting key areas like data management, transparency, monetization, and cost reduction.

The NFT marketplace, Magic Eden, has unveiled its own crypto wallet, created in partnership with Exodus. Presently, it is available as a downloadable extension for the Chrome browser.