Cryptocurrency Analysis and News Portal
Institutions have begun to take crypto seriously and have entered the space in numerous ways. As noted in a previous analysis, this has resulted in banks and fintechs looking at custody products and services for their clients. However, as custodians of clients’ assets, banks must also ensure they are clean assets
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Brazil's Federal Reserve (RFB) has declared that Brazilian investors in the crypto-asset market must pay income tax on transactions that involve the like-kind exchange of cryptocurrencies; for example, Bitcoin (BTC) for Ethereum (ETH).The RFB's declaration was published in the Diário Oficial da União and was the result of a consultation
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The city-state'sTuesday passage of the law means such companies will have to meet anti-money laundering and anti-terrorism measures to which they were not previously subjected. Original Source
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Everyone has slightly different imaginations of what Web 3 will ultimately look like. Regardless of your specific vision, if you believe in the Web 3 thesis of decentralization, open-source, permissionless access to the internet, you believe that eventually hardware workloads will get optimized. Right now, it is definitely not optimized,
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Federal Reserve Chairman Jerome Powell emphasized on Wednesday that technology transformation is here to stay in the financial sector and that new regulations will be required. Powell revealed some insight into how the United States would govern the market during a presentation at the Bank of International Settlements Innovation Summit on
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The decentralized finance (DeFi) ecosystem has grown exponentially during the past few years. Beginning with the launch of Ethereum (ETH) in mid-2015, application developers across the globe began to write smart contracts to support a wide range of decentralized applications (dApps). A few years later, other platforms such as EOS
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Ripple CEO Brad Garlinghouse said performing a single Bitcoin transaction requires burning 75 gallons of gasoline. This shocking statistic gives a degree of the scale of Bitcoin’s possible environmental impact. Bitcoin Gets a Thumbs Down From Environmentalists It emerged recently that Bitcoin’s annual energy consumption currently matches that of a mid-sized country,
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The United States Securities and Exchange Commission (SEC) has reached a settlement with New York-based startup Blockchain of Things Inc. (BCOT) for conducting an unregistered initial coin offering (ICO).On Dec. 18, the SEC announced in a press release that the charges were settled in the form of an order
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Currency is vital to the global economy. It allows us to agree upon the value of something and exchange goods and services quickly. From building bridges to rocketships, currency incentivizes and coordinates people to work on things together by providing a standard global value (SGV). It’s a communication tool!It is
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