Cyprus calls for collective crackdown against crypto terror financing
The alert serves as a reminder of the critical role financial professionals play as gatekeepers in the fight against financial crime.
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Bitcoin Payments 6x Cheaper for Municipalities, Says Canadian Exchange
Evan Kuhn, Toronto-based cryptocurrency exchange Coinberry’s co-founder, stated that accepting Bitcoin (BTC) for taxes is more efficient than using bank card payments.As real estate news outlet Mansion Global reported on Aug. 22, Kuhn claims that his company takes much lower fees than the ones that card institutions impose on their clients, noting: “A credit card company…

UK tax agency cracks down on rules around DeFi lending and staking
“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK," said the executive director of CryptoUK Ian Taylor 25 Total views 2 Total shares Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax agency, on Wednesday, has…

Digital Art Trading Platform ‘SuperRare’ Sees Volume Increase 365%
The digital art scene is becoming a hotbed of activity for non-fungible tokens. Digital art marketplace ‘SuperRare’ has surpassed $1.6 million in cumulative trade volume as buyers become more comfortable with the concept of art sold as non-fungible tokens.The marketplace started the year with $344,000 in platform sales volume, but has seen that figure almost…

SVB contagion: Australia reportedly asks banks to report on crypto
Australia’s prudential regulator has reportedly told banks to improve reporting on crypto assets and provide daily updates. 499 Total views 11 Total shares Own this piece of history Collect this article as an NFTAustralia’s prudential regulator has reportedly asked local banks to report on cryptocurrency transactions amid the ongoing contagion of Silicon Valley Bank’s (SVB)…

LayerZero partners with Immunefi to launch $15M bug bounty
The program offers a maximum reward of $15 million for anyone who identifies vulnerabilities classified as high severity. 441 Total views 1 Total shares Cross-chain messaging protocol LayerZero and security platform Immunefi have teamed up to launch a $15 million bug bounty program. The program offers a maximum reward of $15 million for anyone identifying a…

FOMO will drive crypto adoption in 2022, says BlockFi co-founder
BlockFi’s co-founder expects upward price action, new talent and regulatory clarity will create a bubbling FOMO atmosphere for crypto adoption in 2022. 682 Total views 27 Total shares Flori Marquez, the co-founder of cryptocurrency custodian BlockFi, said that upward price action, new talent and regulatory clarity will combine to create a bubbling FOMO atmosphere for…

Billionaire Ray Dalio recommends ‘reasonable’ 1%–2% Bitcoin allocation
Newly minted Bitcoin supporter Ray Dalio agrees that Bitcoin should make up a small percentage of investors’ portfolios in 2022. 642 Total views 22 Total shares Hedge fund manager Ray Dalio remains bullish on Bitcoin (BTC) in 2022, listing three primary reasons why Bitcoin is “impressive.” In a recent interview with The Investors Podcast, he talked…

Tether has 'redistributed' $108.8M USDT from illicit activity since 2014
The most recent seizure of $5 million USDT from pig-butchering scams marks a "significant victory" in the ongoing fight against cyber fraud, according to Tether.