Tagged: cryptocurrency

August 25, 2023 @ 11:19 pm By Tony Zerucha  |  

New rules by the Internal Revenue Service (IRS) may have important implications for those who earn revenue through staking cryptocurrency, one tax lawyer warned this week. According to the Tax Law Offices of David W. Klasing, IRS Revenue Ruling 2023-14 states that staking rewards will now… Read More

March 25, 2022 @ 8:58 am By Tony Zerucha  |  

The United Kingdom’s Financial Conduct Authority (FCA) this week again warned consumers about some of the risks it sees associated with cryptocurrencies. While acknowledging benefits cryptoassets bring, such as the abilities to reduce costs and increase efficiencies, the FCA said they also present risks to… Read More

March 17, 2022 @ 5:25 pm By Tony Zerucha  |  

Singapore Exchange-backed private market platform ADDX recently announced Oi-Yee Choo will be appointed its CEO, subject to the Monetary Authority of Singapore’s (MAS) approval. ADDX was founded in 2017 and began full commercial operations in 2020 after becoming one of the first digital securities exchanges… Read More

March 16, 2022 @ 5:32 pm By Tony Zerucha  |  

Treehouse, a data and analytics company, today announced a US$18 million seed round raise. An undisclosed fintech investor led the round with participation from a group including Mirana Ventures, Lightspeed, MassMutual Ventures, Binance, Global Founders Capital, Jump Capital, Moonvault Capital, Wintermute, GSR, K3 Ventures, LeadBlock… Read More

March 10, 2022 @ 9:28 am By Tony Zerucha  |  

The National Bank of Ukraine has received the first tranche of $1 million raised by Solana enthusiasts from all over the world through a dedicated initiative. The initiative, dubbed Aid for Ukraine, is powered by Everstake, FTX, Solana Labs, the Metaplex Foundation and Ukraine’s Ministry for Digital Transformation via… Read More

March 8, 2022 @ 7:35 pm By Tony Zerucha  |  

Crypto platform Wirex has partnered with DEX aggregator Paraswap, the companies announced today. Using Paraswap’s price algorithm, Wirex Wallet users will now be able to exchange multiple tokens, saving users large amounts of money and effort. The Paraswap integration will enable users to swap their… Read More

March 6, 2022 @ 1:01 pm By Tony Zerucha  |  

Shift4, a provider of integrated payment and technology solutions, this week announced it will acquire both Finaro, a cross-border e-commerce payments provider with a large European presence, and The Giving Block, which specializes in cryptocurrency fundraising for nonprofits. These acquisitions position the company to pursue a multi-trillion-dollar… Read More

February 24, 2022 @ 3:03 pm By Tony Zerucha  |  

Chainalysis, a blockchain data platform, today announced BNY Mellon, the world’s largest asset servicer, will be the first global systemically important bank to utilize its compliance software as part of their risk management program. This integration will form a component of BNY Mellon’s strategy to develop… Read More

February 23, 2022 @ 4:19 pm By Tony Zerucha  |  

PDX Coin, a utility-based cryptocurrency that includes an in-development global crypto-to-fiat mobile payments app, announced this week it will commence trading on both the Uniswap decentralized exchange and on XT.com, beginning today. Currently, PDX trades on p2pb2b.io and Vindax. Uniswap is the world’s biggest decentralized… Read More

February 15, 2022 @ 11:32 pm By Tony Zerucha  |  

Cryptocurrency infrastructure provider Wyre has integrated with the Stellar network to effectively onboard local Brazilian and Argentinian currencies into digital assets. Through the integration, Wyre is growing functionality in Latin America and allowing developers and businesses looking to leverage cryptocurrency transactions to expand into new… Read More

January 20, 2022 @ 11:39 am By Tony Zerucha  |  

Fintech firm Milo this week announced its new crypto mortgage, a move it believes will make it easier for cryptocurrency investors to deploy their digital assets in the purchase of US real estate. They expect it to become available in the coming weeks. Milo clients will… Read More

January 6, 2022 @ 4:42 pm By Tony Zerucha  |  

While cryptocurrency-based crime reached historical highs in 2021, it pales in comparison to overall adoption increases, a draft of Chainalysis’ 2022 Crypto Crime Report shows. Addresses identified as illicit by Chainalysis received $14 billion in 2021, nearly double the $7.8 billion seen in 2020. There… Read More

December 21, 2021 @ 3:14 pm By Tony Zerucha  |  

Futuur, which provides a wide selection of prediction markets available at one URL, has officially launched its real-money markets to forecasters around the world.  Real-money markets have been added alongside Futuur’s already existing play-money markets, with trading available in seven cryptocurrencies: Bitcoin (BTC), Ether (ETH),… Read More

December 15, 2021 @ 2:44 pm By Tony Zerucha  |  

Ledn, a global digital asset savings and credit platform, today announced it successfully raised $70 million in a Series B funding round which brings its valuation to $540 million. 10T Holdings led the round while Golden Tree Asset Management, Raptor Group and FJ Labs were… Read More

November 25, 2021 @ 1:05 pm By Tony Zerucha  |  

Several Indian business leaders spoke out against what they believe is their government’s overly cautious approach to cryptocurrency regulation. They made the comments during the Mumbai Micro Experience of Fintech Festival India 2021-22. Mrutyunjay Mahapatra, a member of the Governing Council of RBI (Reserve Bank… Read More

November 24, 2021 @ 9:21 pm By Tony Zerucha  |  

Sparrow, a Singapore-based digital assets trading platform, now accepts PayNow transfers for institutional customers, the platform announced today. The PayNow transfer service allows Singaporeans to receive money into their bank account through their National Registration Identity Card (NRIC), which is similar to a Social Security… Read More

November 19, 2021 @ 1:08 pm By Tony Zerucha  |  

Cryptocurrency exchange-traded products (ETP) issuer 21Shares this week announced the seed funding of the 21Shares Polygon ETP (Ticker: POLY) on the SIX Swiss Exchange by the Polygon Foundation. The 21Shares Polygon ETP (Ticker: POLY) tracks the investment results of Polygon, an Ethereum scaling platform. Hosting… Read More

November 17, 2021 @ 7:47 pm By Tony Zerucha  |  

RM Sotheby’s, the world’s largest collector car auction house by total sales, today announced the company is accepting cryptocurrency for payment for goods and services from BitPay, a provider of Bitcoin and cryptocurrency payment services. RM Sotheby’s said the ability to accept cryptocurrency enables it… Read More

October 27, 2021 @ 11:15 pm By Tony Zerucha  |  

  Bosonic’s layer 2 blockchain infrastructure will be a clear player in digital asset markets because it addresses the key issues of counterparty credit and settlement risk, founder and CEO Rosario Ingargiola said. The company draws from Ingargiola’s two decades of experience with building algorithmic,… Read More

October 26, 2021 @ 5:53 pm By Tony Zerucha  |  

A new digital asset company was announced at Money2020 today, and based on its executive roster it has a chance to make waves in the industry. Cion Digital has been operating in stealth mode for several months as it quietly introduced the Cion Blockchain Orchestration… Read More