Coinbase Expands in Brazil, Allows Crypto Purchases With Brazilian Reals

The U.S. Department of the Treasury's Internal Revenue Service will require crypto brokers to file 1099 forms like their traditional investment-firm cousins, but decentralized finance (DeFi) operations and non-hosted wallet providers will have to wait for their own rule later in the year. The rule released Friday will go into effect for transactions starting in

In the many months and years that the Securities and Exchange Commission (SEC) has been mulling whether to approve a spot bitcoin ETF in the U.S., it has frequently cited the risk of market manipulation as a reason to be cautious. So, it was highly ironic yesterday that the SEC was itself the victim of

Crypto consortium Fahrenheit has won a bid to acquire insolvent lender Celsius Network, whose assets were previously valued at around $2 billion, according to court filings made early in the hours of Thursday morning.The group will acquire Celsius’s institutional loan portfolio, staked cryptocurrencies, mining unit and additional alternative investments, and must pay a deposit of…

news Smart contracts could soon get a boost in bitcoin as prominent programmer Pieter Wuille has unveiled a new coding language designed specifically for their use. Posted to the bitcoin developer mailing list Monday, the ‘Miniscript’ language aims to make it easier for programmers to write up “smart contracts” or conditions for spending bitcoins. Programmers Wuille,…

Bitcoin (BTC) edged higher Wednesday, gaining 1.3% over the past 24 hours as headwinds in traditional markets alleviated and crypto markets calmed after Monday’s sharp rally.The largest cryptocurrency by market capitalization was changing hands at around $27,700 during U.S. afternoon hours. Earlier this week, BTC briefly rose above $28,000 then pared some of its gains.Crypto

Aug 28, 2020 at 09:03 UTCUpdated Aug 28, 2020 at 09:04 UTC(Svetlana Lukienko/Shutterstock)Framework Labs – a new “fintech studio” that incubates and supports projects in the decentralized finance (DeFi) space – has stepped out of the shadows with the announcement of a successful seed funding round. Announced Thursday, the $8 million dollar investment was led…

Sam Bankman-Fried is being relocated to a new prison, likely in California, as he works on an appeal to overturn charges.The transfer process is expected to be slow, and the exact location of the new prison is undisclosed.Convicted crypto fraudster Sam Bankman-Fried is being moved to a new prison away from New York as he

Trusts for aave, cosmos and polkadot, as well as privacy coin monero and cardano, have been registered in Delaware.Grayscale CEO Michael Sonnenshein(CoinDesk archives)Jan 28, 2021 at 11:38 a.m. UTCUpdated Jan 28, 2021 at 11:55 a.m. UTCDigital Asset Manager Grayscale Eyes DeFi Space With New Trust FilingsGrayscale Investments, the world’s largest digital asset manager, has filed…

The head of Singapore's central bank has been one of the most influential policymakers in Asia, arguably the most vibrant region currently for crypto development. As Managing Director of the Monetary Authority of Singapore (MAS), Ravi Menon, 59, has steered the institution toward a middle path between Hong Kong's favorable crypto regulations and the just-ban-crypto