Taiwan to trial crypto custody services through local banks in 2025

Microsoft is building a decentralized identity (DID) network atop of the bitcoin blockchain, the tech giant announced on May 13.In a blog post, the company said the infrastructure, known as the Identity Overlay Network (ION,) is based on an evolving set of open standards developed in conjunction with the Decentralized Identity Foundation.Microsoft claims its approach addresses throughput issues…

Crypto-based emergency app Guardian Circle has seen a huge surge in monthly downloads due to the coronavirus crisis.According to figures supplied by the project to Cointelegraph, more than 5150 new users downloaded the app in March. That represents monthly growth of 2582% for the three year old app, which had struggled to attract attention in…

A former economic adviser to United States President Donald Trump has expressed support for Facebook’s stablecoin Libra, Yahoo Finance reported on June 24.In an interview with Yahoo Finance, conservative economist and fellow at The Heritage Foundation Stephen Moore said that he thinks “on balance it is a good thing [Libra].” Moore stated:“It’s interesting, because this…

The thinktank looked at the interplay of performance, security and privacy in possible CBDC designs and made recommendations for optimizing it. 70 Total views 1 Total shares The U.S. thinktank Atlantic Council released a report Wednesday on cybersecurity issues related to central bank digital currencies (CBDC). The authors provide a generalized discussion of CBDC security,…

The company confirmed its bet on the crypto space with its latest investment partners. 173 Total views 10 Total shares Citadel Securities announced that VC firms Sequoia and Paradigm made a $1.15 billion combined minority investment in the market maker, bringing its valuation to $22 billion. The partnership with Paradigm, a Web3-focused investor, signaled Citadel…

Gary Gensler will reportedly ensure a smooth transition with the Federal Reserve in addition to banking and securities regulators. 1548 Total views 20 Total shares Less than four days after his official acceptance speech, Joe Biden has already begun assembling a team including the former chairman of the Commodity Futures Trading Commission as part of…

The Swiss wCBDC pilot project will be hosted on SDX and use the infrastructure of Swiss Interbank Clearing. 865 Total views 4 Total shares The Swiss National Bank (SNB), six commercial banks and the SIX Swiss Exchange will work together to pilot the issuance of wholesale central bank digital currencies (CBDCs) in the nation, officially

Lately, in the crypto scene, everything related to decentralized finance is being considered a gold mine. While DeFi has brought solid projects to the industry, there’s also a hot new craze, and it’s related to food. Everything from yams to burgers is now being converted to a coin and sold like a tasty meal at…

Calculating the cost basis of cryptocurrency for tax purposes involves considering purchase prices, transaction fees and events such as hard forks or staking rewards.