The US Internal Revenue Service (IRS), the tax authority of the US, has received a Court Order to be able to summons records pertaining to US taxpayers who may have failed to report and pay taxes on crypto transactions. According to the Department of Justice… Read More
SFOX, the independent crypto-assets prime broker offering institutional traders and investors with access to international digital assets markets via a single account, have revealed that former Goldman Sachs exec John Mannino has decided to join the firm as its Director of Compliance. Mannino has joined… Read More
The San Francisco Open Exchange (SFOX), an organization that aims to help traders and funds invest in digital assets at “the best price,” notes that its multi-factor market index, which was neutral a month back, has now been updated to “mildly bearish” as of April… Read More
Recently the Office of the Comptroller of the Currency (OCC), issued what is believed to be the first enforcement action against a bank dealing in digital assets. The target of the consent order was M.Y. Safra Bank. According to the Order, the bank was a… Read More
B2C2, a UK-based cryptocurrency liquidity platform, announced on Wednesday it has teamed up with SFOX, a cryptocurrency prime dealer for large-scale investors, to provide asset managers, hedge funds, family offices and high net worth individuals with a new source of liquidity. The duo reported that… Read More
SFOX, a digital asset prime dealer and trade platform, has inked an agreement with M.Y. Safra Bank to provide its traders with access to FDIC-insured deposit accounts to securely hold their funds, according to a release from SFOX. SFOX reports over $11 billion in transaction… Read More
It’s the end of the year and that means its time for predictions. More specifically, some crypto predictions! 2018 was a tumultuous year in regards to the digital asset sector as regulatory clarity became a hot topic of debate and discussion. While some national jurisdictions… Read More
SFOX, a cryptocurrency prime dealer for high-volume traders and institutional investors, announced this week it has added trading support for cryptocurrency Litecoin (LTC) as part of its plans to become a premier institutional crypto asset management platform. Founded in 2014, SFOX is a platform that provides professional… Read More
SFOX, has a substantial $22.7 million in Series A funding led by Tribe Capital and Social Capital. The funding round also garnered the support of other well known VCs including Khosla Ventures, Blockchain Capital, Y Combinator, DHVC, Upside Partnership, SV Angel, DCG, Mark Britto, and Airbnb Co-Founder… Read More
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