Hello, ApolloXplorer!Have you seen today’s key headlines yet?<h2 id="header-0">#1. Binance exec says firm’s CEX may not be around in 10 years</h2>Patrick Hillman, chief strategy officer of Binance, said the company's CEX may not exist in 10 years because the crypto market is moving toward DeFi.For now, the exchange is implementing its Merkle Tree proof-of-reserves analysis to let users verify their assets on the platform.Binance is also leading an "industry recovery initiative" for Web3 to help fund startups in the industry.Source: <a href="https://www.coindesk.com/business/2022/12/01/binance-exec-says-company-may-not-be-around-in-10-years/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-1">#2. Italy plans to impose 26% capital gains tax</h2>Italy is planning to impose a 26% levy for crypto trading, on profits larger than 2,000 euros.If the proposed bill is signed into law, taxpayers will have the option to declare the value of their digital asset holdings as of January 1 and pay a 14% tax.This is intended to incentivize Italians to declare their digital assets on their tax returns.Source: <a href="https://cointelegraph.com/news/italy-to-impose-26-capital-gains-tax-on-crypto-profits" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-2">#3. Ankr suffers exploit</h2>DeFi protocol Ankr has confirmed it has been hit by a multi-million dollar exploit on December 1.Ankr confirmed on Twitter that the aBNB token has been exploited and that they’re working with exchanges to immediately halt trading of the compromised token.Blockchain security firm Beosin suggested the exploit was likely the result of vulnerabilities in the smart contract code combined with compromised private keys.Source: <a href="https://cointelegraph.com/news/ankr-confirms-exploit-asks-for-immediate-trading-halt" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-3">#4. Coinbase Wallet disables NFT transfers</h2>Coinbase’s Wallet iOS application has disabled support for NFT transactions.The exchange cited Apple’s strict new policies on NFTs, where Apple seeks to claim a 30% tax on every transaction.If developers aren’t able to implement that requirement, their app will be blocked from the store.Source: <a href="https://decrypt.co/116230/apple-coinbase-wallet-nft-transfers" rel="noopener noreferrer nofollow">Decrypt</a><h2 id="header-4">#5. South Korean conglomerate builds US$84M metaverse fund</h2>South Korea’s city gas and energy group Daesung’s venture capital subsidiary, Daesung Private Equity, recently established a fund worth 110 billion Korean won (about US$84.5 million).The Daesung Metaverse Scale-up Fund will focus on investments into startups in the metaverse industry.Specialisations include artificial intelligence (AI), extended reality (XR), blockchain and digital twin technologies.Source: <a href="https://forkast.news/headlines/skorea-energy-giant-us84m-metaverse-fund/" rel="noopener noreferrer nofollow">Forkast News</a>--The ApolloX app is available on Apple Store or Google Play <a href="https://apollox.onelink.me/rf4R/newscryptowndl" rel="noopener noreferrer nofollow">here</a>.Stay up to date with ApolloX!<a href="https://t.me/apollox_com" rel="noopener noreferrer nofollow">Telegram</a> |<a href="https://twitter.com/ApolloX_com" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://www.facebook.com/ApolloXcom" rel="noopener noreferrer nofollow"> Facebook</a> |<a href="https://www.instagram.com/apollox_com/" rel="noopener noreferrer nofollow"> Instagram</a> | <a href="https://apollox.link/blog-discord" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://apollox.link/blog-APXNewsStation" rel="noopener noreferrer nofollow">ApolloX News Station</a> | <a href="https://coinmarketcap.com/community/profile/ApolloX" rel="noopener noreferrer nofollow">CMC</a>

Crypto News of the Day: Binance exec says firm’s CEX may not exist in 10 years, Ankr suffers exploit

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