Sun Sets on Offshore Banking as Assets Worth $11 Trillion Uncovered

The three-year old Common Reporting Standard is uncovering offshore assets on a massive scale, highlighting cryptocurrencies as a potential alternative. The Organization for Economic Cooperation and Development, or OECD, reported on Tuesday how automatic reporting in 2019 helped uncover $11 trillion worth of assets in offshore accounts. The result came as the Common Reporting Standard, […]

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Blockchain Exec Says Decentralized Platforms Won’t Necessarily Replace YouTube

While decentralized platforms provide a viable alternative to YouTube, Theta Labs’ Wes Levitt believes there is still a place for centralized platforms. YouTube’s bans on crypto-related content has been problematic for the industry and is spurring demand for decentralized alternatives. However, according to Wes Levitt, head of strategy at Theta Labs — the firm behind […]

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