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This Week in the News- December 19th

  1. Sam Bankman-Fried Is Set for Extradition to U.S.-- The FTX founder agreed to be transferred from the Bahamas to face federal charges of fraud. (source)

  2. UK includes crypto investments under the Investment Manager Exemption–The measure should help British funds dealing with foreign investors adopt digital assets in their portfolios. (source)

  3. DeFi Protocol Ankr Says Ex-Employee Caused $5M Exploit– The company is working with law enforcement to prosecute the attacker. (source)

  4. Bitcoin Miner Core Scientific Files for Chapter 11 Bankruptcy– Nasdaq-listed Bitcoin mining company Core Scientific has filed for Chapter 11 bankruptcy, citing low Bitcoin prices and high costs. (source)

  5. Binance US to Acquire Bankrupt Voyager's Assets for $1 Billion–Voyager announced that Binance.US has emerged "as the highest and best bid" for the now-bankrupt firm's assets. (source)

  6. Italy Will Impose Crypto Gains Tax at 26% Starting in 2023– The country’s lawmakers are proposing the tax levy in its 2023 budget plans. The tax will only apply to profits greater than 2,000 Euros. (source)

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