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This Week in the News - December 12th

  1. Venture Funding Down but Not Out– A handful of crypto startups received funding in the $4 million to $15 million range from VCs this past week. (source)

  2. Coinbase Pushes Use of ‘Trusted’ USDC Over Tether’s USDT– The exchange is urging users to make the jump to USDC, what it considers to be a reputable asset amid uncertain times. (source)

  3. UK Extends Crypto Tax Break for Investment Managers in Financial Reforms– Rishi Sunak’s government has already legislated to use stablecoins as a means of payment as he seeks to make the country a crypto hub. (source)

  4. Reddit Users Have Minted More Than 5 Million NFT Avatars on Polygon– Reddit’s NFT program is onboarding users into Web3, with more than 4.25 million unique wallets holding the Polygon assets. (source)

  5. US Justice Dept Mulling Criminal Charges Against Binance Founder CZ–Discussions between Binance attorneys and Department of Justice officials have reportedly included potential plea deals. (source)

  6. EU to Make Crypto Companies Report Tax Details to Authorities– New OECD-inspired tax evasion plans take a step further than the MiCA but haven’t settled how to deal with foreign providers. (source)

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