Recent Posts From All Categories
Gemini exchange founders Cameron and Tyler Winklevoss have filed suit against Bitinstant founder and convicted felon Charlie Shrem, alleging that Shrem stole 5,000 Bitcoin from them in 2012, the New York Times reported today. The Bitcoin in question have a current value of roughly $32 million.
New Zealand’s innovation agency, Callaghan Innovation, has reportedly provided Auckland-based crypto trading platform Vimba with a $315,000 government grant, according to the Scoop news site. Vimba, which previously operated as MyCryptoSaver prior to its rebranding, has indicated that it will use the money to promote technological innovation and expand its offerings.
Tether Ltd, the company responsible for issuing dollar-backed USDT tokens, confirmed on Thursday via the Tether blog that it had established a $1.8 Billion banking relationship with Bahamas-based Deltec Bank & Trust Ltd.
After Coinbase closed a $300m Series E funding round on Wednesday Oct. 29, COO Asiff Hirji told Bloomberg that the company has no immediate plans to go public, confirming that an IPO would happen, but was “not even close to the top of the list of things we’re worried about right now.”
BitMEX CEO Arthur Hayes recently offered some thoughts about the ongoing cryptocurrency bear market. In remarks to Yahoo Finance UK, Hayes said that the current bearishness could persist for another year and a half:
Cryptocurrency exchange Coinbase is now worth over $8 billion after raising $300 million in Series E funding, according to an October 30 post on the company’s blog.
Today, October 31st, marks the ten-year anniversary since the pseudonymous Satoshi Nakamoto released the Bitcoin whitepaper.
Russia’s Financial Monitor Service (FMS) is calling for international multilateral solutions to control the flow of cryptocurrencies — a decentralized asset class that can be traded pseudonymously, without permission from any central authority, as a value-transfer system that runs parallel to traditional finance.
A new report from the Information Reporting Program Advisory Committee (IRPAC) has recommended that the IRS clarify its tax policies for cryptocurrencies. In its 2018 General Report, the advisory group noted that many taxpayers continue to be confused by the agency’s failure to provide clear guidelines for reporting crypto-related activities.