Gate io has announced Trading Fair for BXB?, and announced a prize pool of $50k in BXN token. is native token of Blackfort, a decentralised Layer 1 blockchain.
CRYPTO & POLITICS
Australian Crypto Industry in tax trouble
The Australian Tax Office is demanding personal information and transaction details from crypto exchanges in order to examine tax payments.
This has put the Australian crypto business in jeopardy. If they follow the government, their users will switch to DEX or other more secure platforms; if not they may face political sanctions.
Legal & Business
FTX is set to sell assets for 2.0
John Ray III is focusing on raising money by selling assets in an effort to make FTX 2.0 a reality.
According to a recent reports, FTX is expected to pay majority of its creditors within 2 months.
There is no telling how accurate this expectation will be, but it could lead to the possibility of FTX 2.0 gaining recognition in the US.
Banks & Crypto
Revolut X by Revolut
RevolutApp, a UK-based digital bank, has created a crypto exchange called "Revolut X". It's a standalone platform.
Revolut allows its users worldwide to buy and sell crypto; its aim was to create an exchange in February 2024, but it has now introduced a standalone exchange.
Revolut X competes with lower fees: no maker fees and only a 0.09% taker fee.
