Binance’s return to India comes with $86M tax demand
While Indian AML agencies have given Binance the green light to resume operations, authorities are still seeking $86 million in tax liabilities from the firm.
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Japan to Check Money Laundering Policies of Crypto Exchanges Ahead of FATF Inspection
Japan’s Financial Services Agency (FSA) is reportedly cracking down on crypto exchanges that offer anonymous transactions or have weak identity verification practices in preparation for inspection by the Financial Action Task Force (FATF) this fall. Nikkei Asian Review reported the development on May 22.The FATF will reportedly send its investigatory arm to review the strength…
Tokenomics not Ponzi-nomics: Influencing behavior, making money
Economics is the study of human behavior involving scarce resources — and the effects those behaviors have on those resources, explains Roderick McKinley. Tokenomics in crypto is a related but different field. Tokens are a way for projects to raise funds and build communities, and designing the way they work can be much more complex…
IBM and Fair Trade Initiative Demo Blockchain-Based Coffee Tracking App
On Jan. 6 at The Consumer Electronics Show in Las Vegas, IBM and Farmer Connect – an organization committed to increasing transparency and sustainability in agriculture supply chains – demoed a blockchain-based app that allows consumers to learn about the coffee beans they purchase.Founder and president of Farmer Connect, David Behrends, told Cointelegraph that the…
Bitcoin Pizza Day rewind: A homage to weird and wonderful BTC purchases
Happy Bitcoin Pizza Day! Before you dial for a Margherita to commemorate the world’s first real-world Bitcoin transaction, here’s a slice of trivia:What do a family holiday to Japan, a 50 Cent album, a steak dinner, and a framed cat photo all have in common? They were all paid for with Bitcoin (BTC) by members of…
Bitcoin Falls Below the $7,900 Mark as US Stock Market Sees a Minor Downturn
Monday, May 20 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) has fallen below the $7.900 mark again.Market visualization courtesy of Coin360Bitcoin is down over 1.7% on the day, trading at $7,883 at press time, according to CoinMarketCap. Looking at its weekly chart,…
Bitcoin Price Touted to End Stagnation in Style, Surging to New High
As the global economic engine continues to reel from the effects of the slowdown induced by the novel coronavirus, it’s still not clear how much devastation the pandemic has actually caused. For example, due to the restrictions imposed by governments all over the world such as border lockdowns, trade limitations and import/export reductions, economic movement…
Portal introduces ‘PortalPay’ interoperability for blockchain gaming
Portal aims to become the “Stripe of crypto” by lowering common barriers to entry for players eyeing blockchain video games.
Farmville co-creator-led company raises $33M to create Web3 games
Proof of Play raised $33 million to create fully on-chain games that “quickly immerse players in fun gameplay.“ 160 Total views 4 Total shares Proof of Play, a company led by Farmville co-creator Amitt Mahajan, raised $33 million to create Web3 games, according to a Sept. 21 announcement. Majahan is the CEO of Proof of