Square Sees Profits from Bitcoin Sales Double in Q2

Crypto equities in the U.S. are up more than 10% across the board as bitcoin climbs above $82,000 to a new record. Semler Scientific is leading the pack, with a 25% gain in pre-market trading. MicroStrategy shares climbed above $300. 01:01 Bitcoin Breaks $64K While Gold Soars 00:56 ETH/BTC Ratio Slid to Lowest Since April

feature Facebook published plans for the Libra cryptocurrency in seven languages, including Indonesia’s Bahasa – a move that offers perhaps the clearest glimpse of what Facebook’s fintech ascent might look like. “Indonesia has the fourth-highest number of Facebook users in the world,” Pang Xue Kai, co-founder of the Indonesian crypto exchange Tokocrypto, told CoinDesk. “If…

Nov. 30: RARI Foundation, focused on NFT infrastructure, announced that it has used Arbitrum Orbit technology to create a new layer-2 chain, RARI Chain, and has just unveiled the test network. The project helps to guarantee creator royalties, taking a step further to build NFT infrastructure, according to the team: "Designed with creators and collectors

Bitcoin tech is suddenly in the spotlight after the publication by ZeroSync’s Robin Linus of his “BitVM” paper, which outlines a plan to easily add smart contracts to the original blockchain. The announcement has generated enthusiasm in Bitcoin circles, since smart contracts are the key innovation behind the second-biggest blockchain, Ethereum, not to mention its

NEWS A Canadian court is taking charge of $26 million CAD claimed by crypto exchange QuadrigaCX due to a dispute over the funds’ provenance. Judge Glenn Hainey of the Ontario Superior Court of Justice granted the Canadian Imperial Bank of Commerce (CIBC) an interpleader order on Nov. 9, allowing the court to take control of the funds…

news U.S.-based cryptocurrency exchange Coinbase has hired a new U.K. head of compliance with three decades of experience in the industry. The new hire, Mark Kelly, joins the prominent crypto startup after almost five years as a director at London-based regulatory reporting firm Abide Financial. According to his LinkedIn profile, Kelly joined the exchange this month. While at…

Blockchain protocols are increasingly offering "point" incentives to users, which are score-counts attached to the vague prospect of future airdrops.Points are fueling a speculative frenzy on Ethereum that's already driven billions of dollars into "retasking" juggernaut EigenLayer and its points-granting spin-offs.Some platforms are letting users directly trade points and bet on leverage, even though points

Zebec Protocol, which enables real-time, continuous payments to employees, has launched on Solana. The company also  announced a $5.5 million funding round co-led by Republic Capital.Zebec Protocol’s first application is Zebec Payroll, a tax compliant on-chain processing system that allows workers to be paid by the second based on their pay rate in USDC or…

The U.S. Department of the Treasury's Internal Revenue Service will require crypto brokers to file 1099 forms like their traditional investment-firm cousins, but decentralized finance (DeFi) operations and non-hosted wallet providers will have to wait for their own rule later in the year. The rule released Friday will go into effect for transactions starting in