KuCoin VAT charge raises concerns among Nigerian crypto community

The Biden team looks to Janet Yellen to lead the next administration's economic policy, which will have to navigate the wreckage left in the wake of the coronavirus. 4859 Total views 23 Total shares As President-Elect Biden continues to round out his roster of appointees, he has tapped an Obama-era chair of the Federal Reserve…

Not your keys, not your coins. Crypto CeFi lender Vauld has suspended “all withdrawals, trading and deposits.” 1372 Total views 39 Total shares Crypto contagion claims another casualty. In a statement, Singapore-based crypto exchange Vauld has made the “difficult decision to suspend all withdrawals, trading and deposits on the Vauld platform with immediate effect.”In what appears…

Co-founder and CEO of Twitter Jack Dorsey declared again that he believes Bitcoin (BTC) will be the internet’s native currency. Dorsey made his comments during an interview with American comedian and podcast host Joe Rogan published on Feb. 2.During the interview, Dorsey stated:“[Bitcoin] was something that was born on the internet, that was developed on…

In the past year, three major financial oversight bodies have voiced concerns about threats to financial stability purported to be posed by stablecoins. While acknowledging the potential for enhanced payments efficiency, reports from the Bank for International Settlements, the United States Federal Reserve and, most recently, from the Financial Stability Board all emphasize numerous risks…

Blockchain and cryptocurrency investment firm Multicoin Capital hired a former Google product manager as one of its new investment Principals.In a blog post published on Oct. 1, managing partner Kyle Samani said that Tony Sheng would help secure new deals for the firm while also working with existing portfolio members.Crypto market offers “tremendous alpha”“The crypto…

Major cryptocurrency exchange Kraken made its WebSockets private Application Program Interface (API) available for all Kraken clients.On Oct. 24, Kraken reported on its blog that the first two messages of the private API have gone live to all of its clients after being in beta mode since the beginning of October.The new functionalitiesThe crypto exchange advertises…

South Korea’s Financial Services Commission has moved to ban cross trading on crypto exchanges in the country.The move is part of a raft of amendments to the country’s Act on the Reporting and Use of Certain Financial Transaction Information. Cross trading, an illegal practice in many jurisdictions, involves offsetting buy and sell orders for the…

Financial services giant American Express (Amex) has filed a patent for a blockchain-based system to capture and transmit the image of a receipt, according to a U.S. Patent and Trademark Office (USPTO) patent filing published Nov. 13.The patent applicant is listed as American Express Travel Related Services Co., Inc., the company’s travel subsidiary. The new…