MetaMask co-founder: Memecoins reveal Web3 and AI consent flaws
MetaMask co-founder Dan Finlay’s memecoin experiment highlights Web3’s struggles with consent, trust and investor expectations.
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Portugal to lose crypto tax haven status as state announces gains duties
The small Iberian nation is set to reverse a long-standing tax law that excluded crypto gains on the grounds that they are not legal tender. 233 Total views 20 Total shares To the chagrin of many Golden Visa seekers, Portuguese Finance Minister Fernando Medina has confirmed that his country will begin taxing cryptocurrency but has…
SoFi Technologies to cease crypto services by Dec. 19
“You can agree to have your account migrated to Blockchain.com or close your account instead,” the company wrote. 214 Total views 1 Total shares United States personal finance company SoFi Technologies will end crypto trading services for its users by Dec. 19.According to the Nov. 29 announcement, new crypto account openings on SoFi are suspended
FTX’s Sam Bankman-Fried pleads not guilty to fraud charges: Report
Sam Bankman-Fried, the former CEO and founder of now-defunct crypto exchange FTX, reportedly pleaded not guilty to fraud and money laundering charges in a court hearing on Aug. 22. 343 Total views 8 Total shares Sam “SBF” Bankman-Fried, the former CEO and co-founder of crypto exchange FTX, has pleaded not guilty to fraud and money…
HSBC Reports 25% Savings in Forex Trade Settlement Using Blockchain
London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for foreign exchange (forex) trade settlement by a quarter, Reuters reported on Feb. 14.According to Mark Williamson — chief operating officer of forex cash trading and risk management at HSBC — the bank processes anywhere between 3,500 and 5,000 trades a day using its…
Bitcoin Hovers Near $7,000, While Altcoins Show Marked Signs of Recovery
August 5: After yesterday’s market nosedive, Bitcoin (BTC) is up just slightly, hovering around the $7,000 mark. All major altcoins are however showing marked signs of recovery, up between one and seven percent, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,040 to press time, holding ground on the…
R3 explores strategic options amid blockchain industry challenges
R3 started out as a consortium and grew fast. Now it is reportedly waiting to see where fate takes it next.
The Mt. Gox Redemption: Heading Toward a Happy Ending?
The story of the infamous cryptocurrency exchange Mt. Gox seems to be taking a twist that could bring a relatively happy resolution to one of the most dramatic episodes in the short history of digital money. As the gates are now open for the Japan-based exchange’s creditors to file rehabilitation claims, chances are that most…
Macroeconomic data points toward intensifying pain for crypto investors in 2023
Undoubtedly, 2022 was one of the worst years for Bitcoin (BTC) buyers, primarily because the asset’s price dropped by 65%. While there were some explicit reasons for the drop, such as the LUNA-UST crash in May and the FTX implosion in November, the most important reason was the U.S. Federal Reserve policy of tapering and…