About Author:
1 Confirmation with Jeff and Dave
A graduate of English, I stumbled on cryptocurrency while trying to proofread an article for a friend back in 2011, and since then, I have been hooked! I play word games when I am less busy (I'm a pro by the way) and I am a tennis aficionado.
The largest cryptocurrency exchange in the United States, Coinbase, has altered its description of the USD Coin (USDC) page on its website, following the latter's revelation of its assets reserves. Coinbase Alters USDC Description According to Bloomberg on Wednesday (August 11, 2021), Coinbase made a change on its website about...
The Commissioner of Japan’s Financial Services Agency (FSA), has stated that the government is wary about easing its tough regulatory policies on cryptocurrency, primarily due to its volatile nature. Japan Wary of Enabling Crypto Exposure to the Public According to Bloomberg on Tuesday (August 10, 2021), Junichi Nakajima, in an...
Cambodia's central bank is working towards widespread adoption of its central bank digital currency (CBDC) with the ultimate aim of eliminating the US dollar hegemony in the country. Project Bakong to Eliminate USD Dependence Speaking to Nikkei Asia, the director-general of the National Bank of Cambodia (NBC) Chea Serey, noted...
The World Economic Forum has become the latest body to comment on the controversial US cryptocurrency tax provision. Expanded Crypto Provision Could Affect Industry Sheila Warren, the WEF’s Head of Blockchain and Digital assets has issued a statement about the expanded crypto tax policy by the US Senate. The WEF...
United States-based investment management firm Invesco has become the latest company to file a Bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Invesco Joins US Bitcoin ETF Queue Invesco submitted its application to the SEC in a Form N-1A filing on Thursday (August 5, 2021). Meanwhile,...
A man from Utah is looking to sell his home for around $400,000 but prefers to receive payment in dogecoin instead of fiat. DOGE Payment for Property Sale According to Fox 13 on Sunday (August 1, 2021), Scott Paul, who is trying to sell his home in Saratoga Springs for...
Institutional funds in Germany would be able to allocate a portion of their portfolio into crypto-assets, following a new law that would take effect in August. Institutional Funds to Hold up to a Fifth of their Assets in Crypto According to Bloomberg on Friday (July 30, 2021), The Fund Allocation...
The second-oldest bank in the U.S. State Street Bank, with close to $4 trillion in assets under management (AUM) and over $40 trillion in assets under custody and administration, is planning to offer cryptocurrency services to its private fund clients. State Street Partners With Lukka to Provide Crypto Services In...
“Big Four” professional services company Ernst and Young (EY) announced the completion of a blockchain-based solution that would help remove the bottlenecks found in the cross-border withholding tax (WHT) process. Blockchain to Improve Cross-Border WHT Tax Process In a press release published by EY on Wednesday (July 28, 2021), the...
Zeno Staub, CEO of pro-crypto Swiss banking giant Vontobel, has revealed that the firm's wealthy clients are showing an appetite for cryptocurrency exposure. Major banks in the United States, Europe, and Asia are beginning to offer structured Bitcoin (BTC) and virtual currency-related investment products to their wealth management clientele. Wealthy...
Some members of the Pennsylvania House of Representatives introduced a bill into the state’s General Assembly, which proposes the establishment of a crypto task force that would examine the use of cryptocurrency and digital assets in the Commonwealth of Pennsylvania. Crypto Task Force Bill Proposed in Pennsylvania The bill which...
The government of Kazakhstan would soon reportedly allow financial institutions to offer banking services to cryptocurrency exchanges in the country to facilitate crypto transactions. Local Banks to Service Crypto Exchanges The report by the Astana Times which mentioned the Data Center Industry and Blockchain Association of Kazakhstan as the source...
E-commerce giant Amazon has denied reports making the rounds that the company was making plans to accept payment in bitcoin by the end of 2021. Amazon not Accepting Bitcoin Payment According to Reuters on Tuesday (July 27, 2021), Amazon stated that there were no plans to support bitcoin payments on...
William Cai, co-founder of the New York-based investment firm Wilshire Phoenix said that investors in the United States may have to wait till 2023 before regulators approve a Bitcoin ETF. US Might not get Bitcoin ETF in 2021 According to Business Insider on Sunday (July 25, 2021), Cai said that...
The state of Maharashtra in India has adopted blockchain technology to issue educational certificates in order to combat issues of certificate forgery. Maharashtra Utilizes Blockchain for Educational Document Registration The Maharashtra State Board of Skill Development (MSBSD) is utilizing LegitDoc, an Ethereum blockchain-powered system developed by Bangalore-based tech company Crossforge...
