Japan’s major banks back new stablecoin project for global trade
Project Pax, backed by Japan’s top banks, seeks to streamline cross-border transactions using stablecoins, addressing inefficiencies identified by the G20.
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Ethereum staking services agree to 22% limit of all validators
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Bitcoin Slips in KPMG Rankings, But Cryptocurrency Innovation Has Strong Showing
On Nov. 18, Big Four auditing firm KPMG released its 2019 Fintech100 ranking, which lists the top 100 fintech firms in the world. The list saw a drop in Bitcoin-related companies but reinforced innovation in the payments industry.As was the case in 2018, AntFinancial — owned by Jack Ma of Alibaba — led the ranking.…
Hacker drains $1.08M from Audius following passing of malicious proposal
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Arbitrum DAO takes $56M of unclaimed ARB as airdrop deadline ends
The amount of unclaimed Arbitrum (ARB) tokens accounts for 0.69% of ARB’s total supply of 10 billion. 90 Total views 1 Total shares Arbitrum, a major Layer 2 solution for the Ethereum blockchain, has officially added the unclaimed tokens from the Arbitrum airdrop to its network’s treasury.The Arbitrum Foundation sent 69.4 million unclaimed Arbitrum (ARB)
Cryptocurrency derivatives market shows growth despite regulatory FUD
The cryptocurrency market has successfully rebounded from the two-month slump it had gone into from late May to the end of July. Bitcoin (BTC) and Ethereum (ETH) have been leading the charge, posting impressive gains over the last two weeks. The market is seeing price levels that it had reached back in May of this…
Crypto staking rewards and their unfair taxation in the US
The United States Internal Revenue Service (IRS) stretches the tax rules to fit its cryptocurrency agenda. At no time in tax history has pure creation been a taxable event. Yet, the IRS seeks to tax new tokens as income at the time they are created. This is an infringement on traditional tax principles and problematic…
Bitcoin price hits $62.6K as Fed ‘crisis’ move sparks US stocks warning
Bitcoin price action may have to diverge from stocks if history repeats itself after a bumper Fed rate cut, analysis warns.