Tagged: infrastructure

Infrastructure Bill with Language Damaging to Crypto Sector Passes the Senate

Earlier today the US Senate voted on a massive bill that, while labeled infrastructure, included a cornucopia of pet projects and unrelated policy goals. Squirreled away in the legislation was language designed to raise revenue by taxing crypto transactions as well as broadly defining the… Read More

White House Aligns with Limited Crypto Amendment. Will Digital Asset Innovation be Doomed?

Following the kerfuffle regarding the infrastructure bill’s inclusion of a broad definition of brokers in regards to digital assets, the blockchain industry joined in roundly criticizing the language as being extreme to the point of undermining crypto innovation. Soon, several Senators partnered to create a… Read More

Senator Lummis Says Amendment to Save Crypto Innovation Facing Major Headwinds as Infrastructure Vote Looms

Infrastructure used to mean roads, airports, bridges, etc. Today, infrastructure, as defined by our elected representatives, means oh so much more. The massive spending bill being foisted upon the populace by Congress is still being dissected but one area that it may impact is digital… Read More

Senators Toomey, Wyden and Lummis Join to Submit Amendment to Infrastructure Bill to Protect Digital Asset Innovation

Three US Senators have joined together to submit an amendment to the infrastructure bill to protect digital asset innovation. Senators Pat Toomey, Ron Wyden, and Cynthia Lummis have filed the change to clarify the definition of a broker in regards to reporting requirements impacting crypto… Read More

Senator Toomey Shoots Down Crypto Tax in Infrastructure Bills as “Unworkable”

Senator Patrick Toomey, the ranking Republican on the Senate Banking Committee, has issued a statement calling proposals for a new cryptocurrency tax to be included in the infrastructure bill as “unworkable.” Toomey issued a brief comment regarding the proposal: “Congress should not rush forward with… Read More

USA: Regional Blockchain Groups Join Blockchain Association in Telling Congress Infrastructure Bill Threatens Emerging Digital Asset Sector

The US Senate worked on Sunday to come to terms on a infrastructure bill that could end up costing trillions of dollars. The super thin margin in the Senate means moderates on both sides of the aisle will play a key role in the decision… Read More

Identity Infrastructure Company Persona Secures $50 Million Through Series B Funding Round Led By Index Ventures

  Persona, a U.S.-based identity infrastructure company offering businesses the building blocks to create a personalized identity verification experience for any use case, announced on Tuesday it secured $50 million through its Series B funding round, which was led by Index Ventures with participation from Coatue…. Read More

U.S. Blockchain Platform Blockdaemon Joins Forces With Voyager Digital For Secure Node Infrastructure 

  Blockdaemon, a U.S.-based blockchain infrastructure platform for node management, announced on Thursday it has teamed up with Voyager Digital (CSE: VYGR; OTCQB: VYGVF; FRA: UCD2), a publicly traded holding company whose subsidiaries operate licensed crypto-asset trading and investing brokerage. Blockdaemon reported that the partnership… Read More

DriveWealth Joins Forces With Plaid For API Integration

Digital brokerage solution provider DriveWealth announced on Tuesday it has joined forces with Plaid to enable mutual customers to simplify online investment account funding through one API integration. DriveWealth reported that mutual customers may authenticate their end users’ bank accounts through Plaid and receive tokens, which then… Read More

U.S. Blockchain Infrastructure Platform Blockdaemon Announces Acquisition of Lunie

  Blockdaemon, a U.S.-based blockchain infrastructure platform for node management, announced on Monday the acquisition of Lunie, a staking and governance platform for the management of Proof-of-Stake (PoS) blockchains. Blockdaemon reported the acquisition will significantly strengthen its existing service offering by enhancing its scope into areas… Read More

Global Fintech Infrastructure Platform Nium Announces Expansion into Africa With New Executive Appointments

Nium, a global financial technology infrastructure platform, announced on Tuesday it is expanding its services into Africa. According to Nium, the expansion will be led by newly appointed executive Dana Nino (Senior Vice President for Global Growth, Customer Success, and Partnerships) and will be supported… Read More

Digital Asset & Blockchain App Infrastructure Service Ledger Announces Integration With DeversiFi

Ledger, a security and infrastructure solutions for critical digital assets and blockchain applications, announced on Friday it has integrated with DeversiFi, a decentralized exchange that offers traders an “edge in fast-moving” decentralized finance (DeFi) markets. According to Ledger, users will be able to connect their… Read More

Columbia-based Fintech Infrastructure Developer Minka Secures $3 Million in Seed Funding via Round Led by Fintech Collective

  Colombia-based Fintech firm Minka has secured $3 million in capital through a funding round led by Fintech Collective. Colle Capital Partners, the Collaborative Fund, multinational firm Carvajal Tecnología y Servicios, and Mastercard also took part in Minka’s latest round. The Fintech company said it… Read More

Fintech Startup Ripple Debuts New Infrastructure Innovation Initiative

Earlier this week, fintech firm Ripple announced it was launching a new infrastructure innovation initiative. This news comes just a couple of months after the company announced more than 100 financial institutions have joined its blockchain network, RippleNet. While sharing details about the initiative, Ripple stated: “Ripple… Read More

Property Partner: Investments in Infrastructure & Technology Inject New Confidence in British Economy

British Chancellor of the Exchequer Philip Hammond delivered the annual autumn statement late last month and underlined the UK’s numerous economic weaknesses that the Brexit vote only enunciated.  As Brexit negotiations continue between now and 2019, Britain will have to tackle its poor productivity record, particularly… Read More

In Hawaii, Proposed Bill Would Establish First-Of-Its-Kind Civic Crowdfunding Program For School Repairs

A bill proposed in Hawaii’s House of Representatives aims to establish a pilot program for civic crowdfunding in the island state. HB 2631 was introduced on January 23rd of 2014 and its five sponsors include members from both sides of the aisle, continuing a trend… Read More

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