Multinational professional services firm and one of the ‘Big Four’ auditors, PwC, praises Singapore’s move to exempt cryptocurrencies and digital tokens from sales tax when used to pay for goods and services.
The US Capital Global Securities (USCGS) has joined other institutional cryptocurrency and blockchain investors by adding holdings in Nomics, Bakkt, Coinbase, and Tagomi in its investment portfolio.
According to Viber’s CEO, the company is going to work on the promotion of its native Rakuten coin that is being developed in cooperation with Rakuten.
A number of new players in the industry are creating an alternative option by drafting specific rules and regulations for cryptocurrency. Malta, Bahrain, and Gibraltar have been among the first to do such, now Belarus and Singapore join the club.
Just recently, in a medium blog post, PundiX team has revealed that they have successfully integrated Samsung Blockchain Wallet into their payment app.
Just recently, LinkToken (LTK) has been used to carry out the transaction that is now viewed as the world’s largest digital asset transaction in history.
In recent days, UK investors have been stunned to learn that Coinbase, an institution in crypto and investing communities, has decided to pull the plug on the service it offers to UK retail investors.
With increasing cases of cryptocurrency-related thefts, scams, and frauds, there’s an immediate demand for reliable storage solutions. The Austrian State Printing House has invented a cold wallet solution, Chainlock to secure and protect assets.
On 25th July, FinCEN, an agency within the US treasury department, levied a fine on both Vinnik and BTC-e to the amount of $88,596,314 and $12,000,000, plus interest as provided by law for the involvement in certain monetary related criminal activities.
As part of its efforts to ensure compliance, the IRS has commenced sending out letters to erring crypto users. More than 10,000 people will receive one of three letters, advising them to report earnings and pay required taxes.
Crypto analysts and experts expect a bright show for Bitcoin price in the future amidst the growing uncertainty in the global economy and several other factors.
Bill Miller’s Hedge Fund gained 46% with many attributing the success to the recent surges by Amazon and Bitcoin, as well as strategic investments in other high-performing stocks like Avon Products and ADT.
Bitcoin futures contracts platform Bakkt is determined to launch its services in the third quarter of this year and gaining approval from the NYDFS would allow it to operate as a limited-purpose firm.
TomoChain, the scalable public blockchain platform, becomes one of the most recent entities to donate to Binance Charity joining hands in the Binance Charity Lunch For Children (BCLC) initiative.
Ripple sent an open letter to the U.S. Congress intending to explain the differences between various blockchains and digital currencies. In the letteer the company stressed the willingness to cooperate with the authorities.