IRS Focusing on Potential Illicit Activities Facilitated by Bitcoin ATMs: Official

First Mover: Pie Anyone? DeFi Pushes ETF-Style Investing Toward DecentralizationEntrepreneurs in the white-hot arena of decentralized finance have used cryptocurrency technologies to build automatic systems that might someday challenge or even supplant traditional banks and exchanges. Now, DeFi is taking on the asset-management industry, and already launching a range of new investment products designed to…

Aug 31, 2020 at 12:01 UTCThe Torus team in Singapore (Torus)Meet Torus, the One-Click Blockchain Wallet Trying to Make Web3 as Easy as ChromePeople may like the idea of blockchains and web 3.0, but they tend to hit an immediate obstacle in the form of private cryptographic keys and mnemonic seed phrases that cannot be…

The Philippines is likely to issue a wholesale central bank digital currency within two years, the Inquirer reported.The country does not plan on issuing a retail CBDC on concerns this is more likely to cause bank runs.The Philippines is likely to issue a wholesale central bank digital currency (CBDC) within two years, central bank Governor

Majority Leader Ian Calderon has proposed a framework for determining whether digital assets are investment contracts, and therefore securities. (Credit: Lerna Shirinian)California Assembly Considers Exempting Some Digital Assets From State Securities LawA key lawmaker in the California Assembly has proposed exempting a narrow set of digital assets from the state’s definition of corporate securities. The proposal,…

Dec 9, 2020 at 8:23 p.m. UTCUpdated Dec 9, 2020 at 8:24 p.m. UTCFinance Minister Bruno Le Maire called the actions necessary in light of terrorist crypto usage.(Pier Marco Tacca/Getty)France Declares War on Crypto Anonymity, Cites ‘Terrorism’ in KYC MandateThe French Ministry of Finance unveiled sweeping know-your-customer requirements on all cryptocurrency companies operating in and…

Oct 16, 2020 at 17:52 UTCUpdated Oct 16, 2020 at 18:01 UTCRussian Metal Giant’s Tokenization Firm Expands to AmericaAtomyze, a tokenization startup by Russian mining and smelting giant Nornickel, is setting up shop in Greenwich, Conn., to sell tokenized metals in the U.S.The company, whose legal name is Atomyze LLC, will become the second foothold…

Dogecoin is a parody cryptocurrency created by Australian entrepreneur Jackson Palmer and software engineer Billy Markus in 2013. In an interview, Palmer said the idea for the project came from two internet tabs he had open on his computer at the time: one with a viral internet meme of a Japanese Shiba Inu “doge,” and…

Centralized stablecoins dominate cryptocurrency trading, but recent turbulence has showcased that markets heavily rely on stablecoins that lack transparency of their reserves with TrueUSD posing the biggest risk, digital asset market research firm Kaiko said in a report.As of Thursday, 74% of all transactions on centralized crypto exchanges involved stablecoins, while only 23% incorporated fiat…

Jul 23, 2020 at 20:31 UTCUpdated Jul 23, 2020 at 20:32 UTCSource: CoinDesk 20 Bitcoin Price IndexMarket Wrap: Bitcoin Hits 1-Month High; DeFi Value Locked Hits $3.3BThursday was an up day for both bitcoin and ether prices. Bitcoin (BTC) trading around $9,590 as of 20:00 UTC (4 p.m. EDT). Gaining 2% over the previous 24…