US Bitcoin reserve has pundits in tailspin as Trump inauguration looms

The global cryptocurrency exchange cites limited demand for institutional-grade services under current market conditions. 1198 Total views 9 Total shares Crypto.com will no longer serve institutional clients in the United States after announcing the suspension of the service from June 21.The Singapore-based cryptocurrency exchange cited limited demand from institutional customers as a primary reason for…

BlockShow 2020 at Singapore FinTech Festival to reflect on achievements of blockchain and how the mainstream finance industry is starting to accept blockchain and digital currency tech. 993 Total views 7 Total shares BlockShow has unveiled the speakers for the upcoming cryptocurrency-related event taking place in Singapore in December. As previously announced, the Singapore FinTech Festival,…

After Sam Bankman-Fried, Ryan Salame is one of the first individuals connected to FTX and Alameda Research to receive prison time.

A pilot program is underway in Hainan’s province that aims to strengthen cross-border payments via blockchain technology. Another Chinese province, Hainan, joins the blockchain ecosystem with the announcement of a cross-border financial services platform. News of the platform’s pilot was announced on May 8.According to the local newspaper, Hainan Daily, the central government approved the…

Researchers at Indiana University and the University of Maine recently published a study examining the current state of cryptocurrency tax law in the United States. The research concludes with recommendations for the Internal Revenue Service (IRS) that, if adopted, would prevent taxpayers from weighing crypto losses against other capital gains.The paper, dubbed simply “Crypto Losses,”…

In the summer of 2021, the Chinese government banned Bitcoin (BTC) mining and cited the typical concerns of harmful environmental effects and money laundering. Now, the Chinese government is working toward establishing its own digital yuan currency. This raises the question as to whether the original reasoning was merely a Trojan horse.This ban could easily…

Chiliz has announced that it has begun working on a blockchain-based solution to allow soccer fans to gradually return to the stadiums — provided that they hold a government-issued “immunity pass.”According to its blog post dated April 13, the proposed Socios Pass could be a solution to mitigate some of the damage to the sports…

Technology is changing fast, but the role of the central bank stays the same, Williams tells an audience of officials, scholars and financial industry leaders. 604 Total views 6 Total shares Get ready for a fundamental change in money and payments, John Williams, president and CEO of the Federal Reserve Bank of New York, told…