Binance suspends deposits for bridged tokens, seeks clarity from Multichain team
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Crypto tax startup TaxBit reportedly in talks for unicorn-level funding
The possible new funding would bring the Utah-based crypto tax automation provider to a valuation of $1 billion or above. 67 Total views 1 Total shares The United States-based cryptocurrency tax software developer TaxBit is reportedly looking for new funding at a valuation of $1 billion or more, which would make it a unicorn startup.According…
IRS Crypto Reporting Letter: A Wake-Up Call No Matter Who Gets One
The IRS has begun sending letters to people with digital currency transactions who may have failed to report income and pay taxes, or who did not report their transactions properly. By the end of August, more than 10,000 taxpayers will receive the letters, targets the IRS says it obtained through various ongoing IRS-compliance efforts. According to the…
Crypto is the next step toward a cashless society
From QR code payments to mobile banking apps, consumers worldwide are increasingly reliant on digital payment solutions, especially as mobile technology becomes more ubiquitous. Government-led efforts in driving cashless economies have been a key factor, with countries such as Singapore or the Philippines seeing their central banks driving the adoption of contactless payments during the…
Swiss state-owned bank Postfinance to offer Bitcoin trading
PostFinance’s parent firm Swiss Post is known for its pro-crypto stance, working on its own crypto custody services and issuing crypto stamp collectibles. 727 Total views 16 Total shares Own this piece of history Collect this article as an NFTPostFinance, a retail bank fully owned by the Swiss government, is preparing to offer cryptocurrency trading…
Top 5 cryptocurrencies to watch this week: BTC, NEO, XMR, ADA, LINK
The total crypto market capitalization has recovered from the Sep. 6 lows near $314 billion but it is struggling to sustain above the $350 billion mark, which shows that higher levels continue to attract sellers.Bitcoin’s (BTC) dominance fell from above 68% in mid-May to about 56% in the first half of this month as DeFi…
Terra co-founder Do Kwon reportedly indicted for document forgery
While Terraforms’ Do Kwon and Han Chang-jun are facing charges in Montenegro, the other co-founder, Shin Hyun-seung, still walks free in South Korea.
Iota releases Smart Contracts Protocol alpha ahead of Coordicide rollout
Developers can now try out the upcoming WebAssembly smart contract platform. 1751 Total views 14 Total shares The Iota protocol (MIOTA) is continuing its pivot toward implementing smart contracts with an alpha release of IOTA Smart Contracts Protocol, or ISCP.As announced on Thursday, the project has released a more stable iteration of its smart contracts…
Central Bank of Jordan reveals CBDC plans
CBJ governor also predicted that cryptocurrency trading might eventually be permitted in Jordan once the appropriate legislation is in place. 29 Total views 1 Total shares Central Bank of Jordan (CBJ) has revealed that it is researching issuing a digital currency. The central bank digital currency (CBDC) would be linked to the Jordanian dinar and…