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Crypto Blog

Binance has announced the discontinuation of its support for the BUSD stablecoin effective December 15. 
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Presently, Wyoming's Mummolin, Inc., marks the triumph of a $6.2 million seed funding phase, guided by Jack Dorsey. The initiative involves key investors like Accomplice, Barefoot Bitcoin Fund, MoonKite, NewLayer Capital, and the Bitcoin Opportunity Fund. 
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In his inaugural blog post since succeeding Changpeng Zhao, newly appointed Binance CEO Richard Teng shared his vision, emphasising a strong commitment to regulatory cooperation within the crypto exchange.
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Binance founder Changpeng "CZ" Zhao is mandated to stay in the United States temporarily while a federal judge reviews a U.S. Department of Justice request that would compel his presence in the country until his sentencing in the early part of next year. 
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The ATO has encountered difficulties in explaining ambiguous elements of its recent guidance, implying that capital gains tax (CGT) applies to various routine decentralised finance transactions.
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