While tZERO’s net revenues have nearly doubled year-over-year, Overstock’s fledgling security token exchange is still far from profitable. Despite explosive third-quarter growth in the security token sector, Overstock’s Q3 2020 earnings report reveals that its tZERO alternative trading system (ATS) has continued to lose money. The ATS specializes in security tokens, consistently hosting more than […]
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The Uniswap community is voting on its second-ever governance proposal to distribute 5 million governance tokens to users who interacted with the DEX via a third-party platform. The second-ever governance proposal for the Uniswap decentralized exchange (DEX) is more than halfway to reaching a quorum with a little over 30 hours to go. If passed, […]
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Despite $40 million in Ethereum options expiring on Friday, multiple indicators favor bulls as ETH 2.0 approaches. In the last few days Bitcoin (BTC) price rallied within a hair of the $14,000 level and Ether (ETH) followed with a similarly strong performance but the altcoin failed to hold above the $400 physiological support. Bitcoin and […]
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Tax season is confusing, especially when it comes to crypto. Wendy Walker, solution principal at the tax compliance company Sovos, described reporting as the most important aspect of tax filing that people in the blockchain industry should know about. “Even if you don’t owe income taxes, you still have to report details of the transactions,” […]
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“Binance has always operated within the boundaries of the law,” said CZ. Changpeng Zhao, CEO of Binance, is pushing back hard against allegations that the crypto exchange set up its U.S. arm to circumvent regulations and surreptitiously profit from investors. According to an Oct. 29 article from Forbes writer Michael Del Castillo, the news outlet […]
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Steadily declining DEX trading volumes and disintegrating DeFi token prices suggest investors have shifted their focus back to Bitcoin. All eyes are set on Bitcoin (BTC) as the digital asset continues to trek to a new 2020 high. Meanwhile, the hype around decentralized finance projects continues to die down, especially as token prices plummet. Data […]
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Bitcoin price rallied from $12,920 to $13,600 in the hours following the European Central Bank statement and optimistic job data from the U.S. The price of Bitcoin (BTC) increased from $12,920 to $13,600 in four hours, recording a 5% rally. The uptrend coincides with positive developments from the European Central Bank, or ECB, and optimistic […]
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Over 200 firms in Simplex’s network can enable euro cashouts from Tether. Simplex, a major crypto-to-fiat payments provider, is adding another fiat offramp to enable its partner exchanges like Binance and Huob to sell major stablecoin Tether (USDT) to the euro. According to an Oct. 29 announcement, Simplex has rolled out new Tether (USDT) offramps […]
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Asian Bitcoin investors now have a new custody option. Fidelity Investments — one of the largest asset managers in the world — continues to expand its global reach in the cryptocurrency industry through its dedicated crypto subsidiary. According to an Oct. 29 Bloomberg report, Fidelity Investments’s crypto branch Fidelity Digital Asset Services has partnered with […]
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U.S. regulator’s growing distrust in tech companies is not stopping them from extending their services into the crypto industry. As technology titans in the United States capture a larger part of their industries and beyond, regulators and governments have become increasingly concerned about their extensive power and influence. Indeed, Facebook, Twitter and Google’s parent company […]
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