Government agencies, sports franchises and mainstream exchanges are first real-world adopters of the popular “pure proof-of-stake” Algorand blockchain. Algorand officially unveiled a suite of new features to its pure-proof-of-stake network at the end of November, dubbed Algorand 2.0. The latest suite of technical innovation by the emerging “frictionless finance” network, the upgrade encompasses the official […]
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Cryptocurrency exchange Bittrex obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage. Cryptocurrency exchange Bittrex obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage. Bittrex announced in a blog post on Jan. 29 that the […]
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Major United States-based cryptocurrency exchange Coinbase established a second Irish firm to expand its crypto custody services to European institutions. Major United States-based cryptocurrency exchange Coinbase has established an entity in Ireland to expand its crypto custody services to European institutions. According to a Coinbase announcement published on Jan. 30, the new entity is called […]
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All you need to know for Crypto Tax Season 2020: new guidance, rules, nuances. Be ready to inform the IRS about your crypto. It’s here! The United States tax season officially started on Jan. 27, and this time, crypto tax is in the spotlight. Following developments that culminated in the Internal Revenue Service publishing new […]
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BCB Group, a British crypto firm that provides services to exchanges like Coinbase and Bitstamp, is now officially approved by U.K. financial watchdog, the FCA. BCB Group, a European crypto-focused payment processor for the likes of major global crypto firms like Coinbase, has secured a license from British regulators. The United Kingdom’s Financial Conduct Authority […]
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Gemini Europe, — the U.K. and EU affiliate of the Winklevoss twins’ crypto exchange Gemini — has appointed a new chief compliance and money laundering reporting officer. Gemini Europe — the United Kingdom and EU affiliate of the Winklevoss twins’ United States-based crypto exchange Gemini — has appointed a new chief compliance and money laundering […]
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Two executives at Coinbase and Ripple are leading a drive for smart regulations and transparency in the crypto-sphere, which would drive mainstream adoption. Two executives at Coinbase and Ripple are leading a push for smart regulations and transparency in the crypto-sphere that would arguably drive adoption and take blockchain technology mainstream. Market integrity must improve […]
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Cross-border payments platform Currencycloud has raised $80 million in funding from SBI Group, Visa and other investors. Cross-border payments platform Currencycloud has raised $80 million in funding from SBI Group, Visa and other investors. Per a Jan. 27 press release, London-based Currencycloud secured $80 million from SBI Group, Visa, International Finance Corporation, BNP Paribas and […]
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There is more talk about stablecoins in the crypto universe and big-time financial institutions, govs and startups are launching their own digital assets. Could 2020 be the year of stablecoins? For most people, the word “stablecoin” brings to mind cryptocurrencies like Tether or Libra. However, there are many versions of stablecoins — ranging from those […]
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The U.K.’s tax agency is stepping up its blockchain analytics operations. If other countries follow, will it spell the end for anonymity in crypto? The year 2019, for a short while, raised expectations that stablecoins would bring about mass adoption of cryptocurrencies. 2020, however, seems to be dousing those hopes with ever-tightening regulation that is […]
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