The Monetary Authority of Singapore exempted a number of crypto payment services from holding a financial license under the Payment Services Act. While Singapore recently adopted specific cryptocurrency legislation — the Payment Services Act (PSA) — in January 2020, it turns out that some crypto firms like Ripple, Coinbase and Binance have been exempt from […]
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The Series A funding round led by Highland Capital Partners brought in $6 million to crypto analytics firm Coin Metrics. Cryptocurrency analytics firm Coin Metrics has closed a Series A funding round worth $6 million. In a blog post on March 26, Coin Metrics said the round was led by Highland Capital Partners and the […]
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Brazil’s banking chief argues that crypto is a failure as a currency — but in neighbouring Venezuela it has already ‘changed the destiny of an entire country’. The President of the Brazilian Banking Federation, Murilo Portugal, has argued that cryptocurrencies are not really currencies at all. Portugal was speaking in a debate about the ‘Impact […]
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Coinbase Wallet integrates support for DeFi protocols Compound and dYdX allowing users to lend crypto. Leading U.S.-based cryptocurrency exchange, Coinbase, has integrated support for decentralized finance (DeFi) protocols on its wallet app. Per a March 26 announcement, Coinbase Wallet will now allow users to earn interest on cryptocurrencies through the DeFi apps, Compound, and dYdX. […]
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Tax primer for retailers and e-tailers who want to use crypto. During 2019 alone, thousands of merchants worldwide were accepting Bitcoin (BTC) as a payment method. Despite this, a lot of current and would-be merchants are confused about how to pay taxes on their cryptocurrency sales. This guide was created by a United States business […]
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With many now working remotely, blockchain conferences have also been either postponed, canceled or moved online to avoid the coronavirus. The number of coronavirus cases worldwide is rapidly getting close to 400,000, with many industries and businesses affected around the world. The crypto market has been no exception. Bitcoin’s (BTC) price initially reacted with a […]
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ZenGo has identified a major security flaw prevalent among DApp wallets whereby users grant complete access to their tokens by authorizing a single transaction. Cryptocurrency wallet provider ZenGo has built a testnet to demonstrate a major security flaw prevalent among decentralized application (DApp) wallets. On March 23, ZenGo published an article highlighting that, when authorizing […]
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Contributions for US politicians may soon be friendlier for crypto holders thanks to the Gemini, Coinbase, and Polychain-backed HODLpac. One of the hot button issues for elections in the United States is separating money and politics. At the center of this topic is political action committees (PACs), organizations that can support candidates or legislation with […]
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A report has found that equity fundraising has dramatically overtaken ICOs as the leading for leading source of capital for blockchain companies. A report published by research firm CB Insights has found that equity funding has dramatically overtaken initial coin offerings (ICOs) as the dominant means of finance in the blockchain space. While the largely […]
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According to CEO Alan Lane, clients of the crypto-friendly firm have reported issues transferring money to the platform since Friday. A cryptocurrency-friendly firm is having problems receiving money transfers. According to sources available to Cointelegraph, clients at Silvergate Bank have been experiencing issues with certain types of wire transfers since Friday. The firm has stated […]
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