Technology
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Italy's parliament approves a 26% tax on gains of €2,000+ from crypto trading per tax period and offers incentives for declaring crypto profits for tax purposes (Sandali Handagama/CoinDesk)
Sandali Handagama / CoinDesk: Italy’s parliament approves a 26% tax on gains of €2,000+ from crypto trading per tax period…
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Google changes its appeals process for accounts flagged as containing CSAM; the content deemed exploitative will still be removed from Google and reported (Kashmir Hill/New York Times)
Kashmir Hill / New York Times: Google changes its appeals process for accounts flagged as containing CSAM; the content deemed…
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Source: FTX founder Sam Bankman-Fried is likely to plead not guilty to eight counts of fraud at a hearing next week (Wall Street Journal)
Wall Street Journal: Source: FTX founder Sam Bankman-Fried is likely to plead not guilty to eight counts of fraud at…
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Crypto has built a toy financial system and had a toy financial crisis; in order to work in the long run it has to prove its real usefulness outside of finance (Matt Levine/Bloomberg)
Matt Levine / Bloomberg: Crypto has built a toy financial system and had a toy financial crisis; in order to…
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Accounting software maker Sage threatens to turn off UK customers' long-term licenses, citing security issues to push them to buy costly monthly subscriptions (Ian Johnston/Financial Times)
Ian Johnston / Financial Times: Accounting software maker Sage threatens to turn off UK customers’ long-term licenses, citing security issues…
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Tim Wu, who helped shape Biden's antitrust agenda, will leave his role as an adviser on January 4 to return to teaching antitrust law at Columbia Law School (Emily Birnbaum/Bloomberg)
Emily Birnbaum / Bloomberg: Tim Wu, who helped shape Biden’s antitrust agenda, will leave his role as an adviser on…
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FTX Japan says it is developing a system to resume withdrawals through the website of Liquid Japan, a crypto exchange it acquired in 2022, by mid-February (Ryan Browne/CNBC)
Ryan Browne / CNBC: FTX Japan says it is developing a system to resume withdrawals through the website of Liquid…
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China-based Freetech Intelligent Systems, which creates software and hardware for autonomous vehicles, raised a ~$100B Series B led by Chaos Investment (Shadine Taufik/Tech in Asia)
Shadine Taufik / Tech in Asia: China-based Freetech Intelligent Systems, which creates software and hardware for autonomous vehicles, raised a…
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Huawei has exited "crisis mode" following US restrictions and expects ~$91.5B in 2022 revenue, unchanged from 2021, due to growing telco infrastructure sales (Dan Strumpf/Wall Street Journal)
Dan Strumpf / Wall Street Journal: Huawei has exited “crisis mode” following US restrictions and expects ~$91.5B in 2022 revenue,…
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Bahamas' Securities Commission says it is holding FTX assets worth $3.5B on a temporary basis and plans to deliver them to customers and creditors who own them (Reuters)
Reuters: Bahamas’ Securities Commission says it is holding FTX assets worth $3.5B on a temporary basis and plans to deliver…
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