Cryptocurrency Analysis and News Portal
Ripple has invested over $50 million in remittance firm MoneyGram over the course of the firms’ working relationship. Forbes published an investigation detailing the byzantine corporate structure Binance may have created to avoid U.S. regulations. Ether grew as a share of Genesis Capital’s total loan book. Top shelfNo offensesInvestors who say
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FTX is now offering a tokenized way to trade fractions of stocks. Coinbase predicts its consumer-directed debit card to hit shelves next year. Caitlin Long’s Avanti bank is in line to become the second “crypto bank.”Top shelfFractional offeringYou can now trade high-demand stocks like Tesla, Apple and Amazon, represented by tokens, on
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Bitcoin’s hashrate is soaring. Ethereum incubator ConsenSys has signed on to another CBDC pilot. JPMorgan unveiled a revamped interbank transfer blockchain network that could challenge SWIFT.Top shelfLower profitsBitcoin mining profitability is at all-time lows in 2020, spurred in part by new ASIC mining machinery driving up the network’s hashrate. While bitcoin‘s hashrate
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JPM Coin will see its first commercial use, banking executives said. Southeast Asia’s largest bank by assets, DBS, is eyeing a digital assets exchange. And bitcoin’s recent rise shows a decoupling from traditional markets, like the S&P 500.Top shelfJPM CoinJPM Coin, the enterprise-minded digital asset stewarded by the titular global
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The IRS has clarified some questions around crypto disclosures for the upcoming tax season. A popular DeFi application appears to have been attacked. JPMorgan analysts see “considerable” upsides to bitcoin.Top shelfCrypto guidanceThe U.S. Internal Revenue Service has clarified that simply holding cryptocurrencies does not need to be disclosed. A published set
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Chinese officials are cracking down on tether trades. The CME bitcoin futures exchange is heating up, signalling institutional interest. And Kik’s kin token will continue development following a $5 million SEC settlement. Top shelfRipple, across the pondRipple CEO Brad Garlinghouse has given more insight on the company’s possible move away from the
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Hodl Hodl announced a P2P lending service, with no KYC requirements. Ant Group is continuing to research and release blockchain-based services. And what people are saying following PayPal’s crypto market entrance.Top shelfBitcoin buysFollowing a wave of institutional bitcoin buys, crypto custodian Hex Trust and multinational payments gateway Sia have partnered to provide an
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PayPal merchants will soon accept crypto payments as part of a major push into the “virtual currency marketplace.” The Bahamian central bank unveiled the world’s first CBDC. Kik and the SEC are nearing an end to a yearlong court battle over its $100 million initial coin offering (ICO). Here’s everything
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Signature Bank’s deposits grew by over $4 billion. Non-profits have rejected bitcoin donations made from hackers. And a FinCEN investigation raises questions about bitcoin mixers and the Bank Secrecy Act. Here’s all the news people are talking about in crypto today.Top shelfCorporate DeFi?R3’s open-source variation of its enterprise blockchain, Corda
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Top shelfToken protestFive of the largest Filecoin miners, which secure that data storage network, have gone on strike, bringing attention to the project’s “unfair” economic model. According to a report by 8btc.com, miners are required to stake a significant amount of FIL tokens to start mining operations. But there’s a
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