Paxos acquires Membrane Finance for EU stablecoin expansion
Membrane Finance is the issuer of US dollar and euro stablecoins and has a passportable Finnish license.
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Report: Nvidia to See Q3 Strong Earnings, Crypto-Related GPU Sales Remain in Downtrend
Experts from analytical firm Trefis have forecasted increased sales of Nvidia’s graphics processing units (GPUs) at the end of the third quarter (Q3) of this year, Forbes reported Nov. 13. Trefis notes that, while overall GPU sales will be up, sales from cryptocurrency-related activities will remain in a downtrend.American GPU manufacturer Nvidia is purportedly set…
Upside capped at $980B total crypto market, according to derivatives metrics
It is becoming increasingly challenging to support a bullish short-term view for cryptocurrencies as the total crypto market capitalization has been below $1.4 trillion for the past 146 days. Furthermore, a descending channel initiated in late July has limited the upside after two strong rejections.Total crypto market cap, USD. Source: TradingViewThe 1% weekly negative performance…
‘Sinister’ debanking of crypto traders is often anti-competitive says Senator Bragg
Australian banks have been dressing up anti-competitive behavior as regulatory compliance when de-banking crypto customers, Senator Andrew Bragg said. “I believe many banks have been dressing up de-banking as a regulatory necessity. In fact it is often anti-competitive behavior and far more sinister and threatening than it appears on the surface,” the Liberal Senator for…
Understanding staking pools: The pros and cons of staking cryptocurrency
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Taiwan central bank completes wholesale CBDC study, plans next steps
A central bank official spoke about ongoing CBDC research and other payment modernization Taiwan is exploring. 901 Total views 6 Total shares Taiwan’s central bank has completed a feasibility study of wholesale central bank digital currency (CBDC) and is continuing to consider its introduction. The central bank is seeking feedback from business and academics and
Crypto Tax Software CryptoTrader.Tax Integrates With TurboTax
Cryptocurrency-focused tax software CryptoTrader.Tax has integrated with leading American tax software Intuit TurboTax, according to a press release on April 4.The integration will purportedly allow users to export tax calculations from CryptoTrader.Tax to the TurboTax filing software, which will supposedly make the filing process easier. CryptoTrader.Tax co-founder David Kemmerer said:“You simply import your cryptocurrency trades…
The Curious Case of AT&T, Seth Shapiro’s SIM Card and a Stolen $1.8M
Over the past week, the global crypto community bore witness to a unique case wherein California resident and blockchain entrepreneur Seth Shapiro filed a lawsuit against American telecom giant AT&T — alleging that a couple of the firm’s employees had perpetrated a nefarious SIM-swap scheme that resulted in the former losing $1.8 million in various…
Report Claims Over 80 Percent of Top 25 BTC Trading Pair Volumes on CMC Are Wash Traded
A new report from data researchers at the Blockchain Transparency Institute (BTI) claims that the majority of the top 25 Bitcoin (BTC) trading pairs listed on CoinMarketCap (CMC) are based upon “grossly” inflated false volumes. The researchers’ findings for December were published in BTI’s “Exchange Volumes Report” on Dec. 13.BTI presents its report as “a…