Crypto Biz: Crypto fever hits wealth managers

Iconiq Funds, the asset management arm of Germany-based Iconiq Holding — the team behind the ICO and token sale accelerator program Iconiq Lab — is launching a series of digital asset index funds beginning in Q4 2018, the company announced on Aug. 17, 2018. Investment into crypto assets will become available through traditional and regulated…

The United States Internal Revenue Service and Treasury Department have published minimal guidance on the tax treatment of virtual currency and no guidance on Simple Agreement for Future Tokens or secondary forward contracts on SAFTs. Accordingly, it is difficult to determine the appropriate U.S. federal income tax treatment of a secondary forward contract on a…

A new enterprise-focused blockchain is trying to carve a spot in this competitive market by focusing on an integrated digital identity system.Called Concordium, the blockchain is among the first to use identity proofs as an integral part of its protocol. Cointelegraph spoke with Concordium’s chief marketing officer, Beni Issembart, to learn more about this system.Issembart…

The complainants called the matter "urgent," but it remains unclear if the SEC will open an investigation.

Amir Bruno Elmaani, the 31-year-old founder of the now-defunct cryptocurrency scheme Oyster Protocol has been handed the maximum sentence of four years in prison for tax evasion.The United States Attorney’s Office said on Oct. 31 that Elmaani — also known by the alias “Bruno Block” — was sentenced to prison following his April 6 guilty

Cryptocurrency exchange OKEx has launched Bitcoin (BTC) futures contracts that are margined with the Tether (USDT) stablecoin. OKEx announced the new offering in a press release on Nov. 14.OKEx first announced its intention to launch USDT-settled futures trading with up to 100x leverage at the end of October. Now, after conducting a simulation that began…

The gaming hardware confiscated by the Ukrainian police was being used to create in-game currency and not for farming cryptocurrency. 466 Total views 3 Total shares Last week, Cointelegraph reported on the seizure of 3,800 PlayStation consoles allegedly being used to mine cryptocurrency. The confiscated gaming units were among a stash of hardware discovered by…

Nexo, a crypto lending institution, announced that it has lowered the interest rates on its instant crypto credit lines.Lowest rates in the blockchain ecosystemIn a press release published Oct. 22, Nexo announced that it was lowering interest rates on its credit line service after securing long-term cost-efficient financing. The instant lending platform claims that they…

Despite Bitcoin (BTC) slipping back below $50,000, more and more investors are likely to move their capital into Bitcoin and gold markets in the second half of 2021 (H2), asserted to Mike McGlone on Aug. 23, the senior commodity strategist at Bloomberg Intelligence.The financial analyst cited the consistently lower yields offered by the 30-year US Treasury…