SOON closes funding round for Solana-based layer 2
Backers hail from Solana Labs, Coinbase Ventures and Celestia, among others.
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Tax Agencies Step Up Efforts to Hone in on Crypto Tax Evasion
The year 2019, for a short while, raised expectations that stablecoins would bring about mass adoption of cryptocurrencies. 2020, however, seems to be dousing those hopes with ever-tightening regulation that is putting pressure on investors and companies alike.The first complication came only 10 days into the year. In early January, the European Union’s landmark Fifth…

Bitcoin bull Tim Draper reveals the secrets of his altcoin portfolio
Tech billionaire, Tim Draper, has revealed he owns a myriad of altcoins in addition to his 30,000 BTC. Tim Draper, the prominent venture capitalist and tech billionaire who purchased nearly 30,000 Bitcoins (BTC) that were seized from the Silk Road, has revealed his digital currency holdings span at least half a dozen different crypto assets. …

South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains
The South Korean government plans to tax capital gains on cryptocurrency transactions. A Dec. 9 report from The Korea Times reveals that a revised bill to introduce the measure will be drawn up by the country’s Ministry of Economy and Finance by the first half of 2020.In parallel, the Korean National Assembly is in the…

Circle’s Fed payment rail goal could be crushed by NY Fed’s policy change
Updated rules by the New York Fed could deem stablecoin issuer Circle “ineligible” for access to the Fed's money market. 192 Total views 2 Total shares Own this piece of history Collect this article as an NFTThe New York Federal Reserve has published new rules for counterparties looking to use its money market balancer, casting…

UK city minister pushes blockchain gilts despite gov’t concerns
Despite resistance from the UK’s Debt Management Office, City Minister Tulip Siddiq pushes for blockchain-based bonds to modernize financial markets.

CFTC declares Ether as a commodity again in court filing
The community is hopeful that the assertion by the CFTC will put to bed claims that staked coins are securities according to the Howey Test. 1691 Total views 15 Total shares Own this piece of crypto history Collect this article as NFTThe Commodity Futures Trading Commission (CFTC) has again labeled Ether (ETH) as a commodity…

McDonald’s metaverse in Singapore, South Korea classifies NFTs as virtual assets: Nifty Newsletter
NFT sales surge volumes across various platforms and blockchains, with Bitcoin-based digital collectibles leading the charge.

Port Authority of Valencia Joins Maersk, IBM Blockchain Project for Shipping
The Port Authority of Valencia (PAV), Spain, has integrated into the TradeLens platform, a blockchain ecosystem jointly developed by IBM and shipping giant Maersk, according to an official announcement published Nov. 5.Launched in August 2018, the TradeLens platform applies blockchain technology to global supply chains. The product aims to improve trade efficiency and security, wherein…