With the crypto winter slowing down developments within the space, two digital asset-focused firms will work together to speed up digital asset adoption for institutions. In an announcement sent to Cointelegraph, crypto-focused company SEBA Bank said that it formed a partnership with the financial services firm HashKey Group to accelerate the institutional adoption of digital …
Continue reading “SEBA Bank partners with HashKey for institutional crypto adoption”
From giving encouragement to trying to recruit the laid-off staff, crypto community members posted various responses to recent crypto layoffs. As more crypto companies have cut off their staff to weather the effects of the bear market, crypto community members have posted various reactions from giving encouragement to trying to hire the professionals that were …
Continue reading “Crypto layoffs trigger mixed responses from the community”
Sam Bankman-Fried, the former CEO of now-bankrupt cryptocurrency exchange FTX has declined to testify before the United States Congress until he’s “finished learning and reviewing what happened.” Rep. Waters, and the House Committee on Financial Services: Once I have finished learning and reviewing what happened, I would feel like it was my duty to appear …
Continue reading “Crypto community baffled by SBF dictating terms over congressional hearing”
Crypto exchange KuCoin hired the international accounting firm Mazars for a third-party audit of its proof of reserves (PoR). According to an announcement on Dec. 5, the verification will provide the exchange customers additional transparency and reporting on whether their in-scope assets are collateralized, along with details on main, trade, margin, robot and contract accounts …
Continue reading “Audit firm Mazars to verify KuCoin’s proof of reserves”
The global cryptocurrency market has displayed a positive trend over the weekend as gains continue, with the recent Bitcoin price movement showing a strong recovery. […] Go to Source
KuCoin, the cryptocurrency exchange recently interviewed on the SlateCast, have announced that it will be engaging with the international audit, tax, and advisory firm, the Mazars Group (MG). MG will provide a third-party factual findings report that KuCoin’s existing and prospective customers can review for additional transparency, and to assess the collateralization of in-scope assets …
Continue reading “KuCoin announces third-party PoR verification procedures”
A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report has said. Nigeria is reportedly seeking to join six other countries, including two from Africa, which already levy taxes on digital asset transactions. Extracting More Revenue …
According to the latest reports from the Brazilian tax authority (RFB), institutions have again broken crypto purchasing records in Brazil. The organization registered that almost 42,000 companies purchased some kind of cryptocurrency during October, a new record that overturns the 40,161 that declared having purchased crypto during September. Brazilian Companies Purchase Crypto in Waves More …
Continue reading “Brazilian Companies Break Crypto Purchasing Records Again in October”
A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to date under the current Russian DFA law, covers the issuance of tokens secured by commercial debt. Digital Financial Assets for 58 Million Yuan Issued by Russian Platform …
Continue reading “Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan”
sponsored There’s a silver lining to the crash in the NFT market — millions of dollars of potential tax-savings. To help NFT investors claim their tax-savings before the end of the year, CoinLedger recently launched an NFT tax-loss harvesting tool. Let’s break down how the tool works and how it can help people save money …
Continue reading “Save Thousands In Taxes by Harvesting NFT Losses – CoinLedger Explains How”
There is strong bullish momentum in the Polkadot market DOTUSD Price Analysis – 05 December Should the resistance level of $5.9 not hold, bulls’ pressure […] Go to Source
The privacy of Bitcoin has for long been a mystery. It was believed from the inception of Bitcoin that this tool will provide complete privacy […] Go to Source
Coinbase CEO Brian Armstrong has rejected claims of FTX accounting error, saying the “funds were obviously stolen.” In a Saturday, December 3 commentary, the CEO […] Go to Source
Investing in a stable passive income stream is more than just a good idea—it’s a necessity for future financial stability. Investors in the crypto market […] Go to Source
A widely followed crypto strategist believes that Bitcoin (BTC) is gearing up for a massive rally next year. Analyst Michaël van de Poppe tells his 642,700 Twitter followers that he expects Bitcoin to ignite big rallies toward his targets of $42,313 and $50,324 by June 2023 based on key Fibonacci levels. “Relief rally targets for …
