If approved, cryptocurrency donations and contributions will need to be reported as in-kind contributions or as investments, not currency. The proposal was filed with the Texas Secretary of State, which sought to address and clarify the reporting requirements of political contributions made with cryptocurrencies. According to the filing:“The new rule permits candidates, officeholders, and political…
Nexo Financial confirms to be one of the two crypto lending firms to receive the cease and desist order from Attorney General James’ office. Cryptocurrency lending firm Nexo Financial denies the allegations of offering unregistered services to New Yorkers put forth by Attorney General Letitia James.Attorney General James directed two unnamed crypto lending companies to…
JP Morgan calls Bitcoin the new inflation hedge, the SEC approves the closest thing to a Bitcoin ETF, and a rehab clinic can help you if you are addicted to crypto. These stories and more this week in crypto. JPMorgan sent a note to its clients observing that institutional investors appear to be returning to…
Until cryptocurrency is accessible to people for non-investment purposes, the market’s growth runs the risk of stagnating. With success comes a survivor bias ― the logical error of concentrating on people or things that made it past a selection process while overlooking those that did not ― as well as, potentially, a superiority complex ingrained…
DeFi blog Rekt claims that FTX failed to adhere to its own terms and conditions by imposing the fee. A crypto hodler is outraged after allegedly copping a $954,135 fee from centralized exchange FTX. The trader claims the fee was charged over a mistaken deposit they believe was the exchange’s fault.On Oct. 6, the Rekt…
China sinks the crypto market, Twitter launches Bitcoin payments, and online dating could be hazardous to your crypto stash. These stories and more this week in crypto. The crypto market took multiple hits this week reacting to news coming from China. The first came following news that Evergrande—China’s second largest property developer is on the…
Upon understanding it, Bitcoin fundamentally changes the way people see the future of money.For millions, bitcoin equates to hope — for others, it’s an end to centralized control of people’s money — and for some it’s both. I was introduced to Bitcoin in 2017 by a work colleague who stated this technology would be the…
The proposed TAT Coin will enable tourism operators to cash in on the popularity of cryptocurrencies. The Tourism Authority of Thailand (TAT) is considering creating its own utility token to capitalize on the growing popularity of cryptocurrencies.Named after the agency’s acronym, the plan to launch TAT coin will have to navigate through Thailand’s complex legal…
Genesis has introduced a trading method allowing institutional investors to trade Bitcoin futures contracts based on their end-of-day closing price. Cryptocurrency brokerage firm Genesis Global Capital has announced the completion of a first-of-a-kind trade that will pave the way for new institutional crypto futures products.Genesis has executed the first-ever over-the-counter (OTC) block trade of a…
A surprisingly large proportion of crypto owners report they would purchase a crypo asset because it is endorsed by a celebrity or influencer. A new survey has revealed bleak insights into the apparent willingness of retail investors to follow digital asset advice from the social media accounts of celebrities and influencers.According to a Morning Consultant…
The Solana Foundation says bots spammed the Grape Protocol IDO on Raydium with 400,000 transactions per second, bringing the network to its knees. Solana has attributed the 17-hour outage it suffered last week to a denial-of-service attack aimed at Grape Protocol’s Sept. 14 initial DEX offering (IDO). In a Sept. 21 blog post, the Solana…
Billions are liquidated on the crypto market, El Salvador’s BTC wallet goes down and if you don’t understand Bitcoin, are you too old? These stories and more this week in crypto. In a sudden crash this week, Bitcoin’s price lost over $7,000 in minutes, continuing downward until trading at about $10,000 less than it had…
Apple has barred Gnosis Safe from applying an app update unless the firm provides access to NFTs as an in-app purchase. The Apple App Store reportedly blocked a Gnosis Safe crypto wallet app update due to it hosting NFTs that weren’t purchased inside the app. Lukas Schor —a product developer at Ethereum-based crypto wallet provider…
MicroStrategy buys more bitcoin, Cuba recognizes cryptocurrencies and free BTC for everybody in town…but which town? These stories and more this week in crypto. NASDAQ-listed business intelligence company MicroStrategy announced yet another substantial purchase of Bitcoin, this time worth nearly $200 million. The firm added 3,907 bitcoin to its stash, at an average price of…
DeFi already offers innovative financial products, but what’s needed for it to go mainstream is to bring more real-world assets on-chain. In a business school lecture hall at the Massachusetts Institute of Technology (MIT), a senior executive for Safaricom gave a prediction of decentralized finance and the future of commerce to a room of keen…
The biggest DeFi hack in history takes an unexpected turn, Venmo introduces crypto cashback and can you guess where the Bitcoin Family hides their BTC? These stories and more this week in crypto. The Poly Network was the victim of a cyberattack from which $600 million in digital assets was stolen, making it the biggest…
Get in touch with us... ↲
