Wall Street’s Guggenheim Treasury tokenizes $20M paper on Ethereum
According to Guggenheim Treasury Services, the product is the first digital version of commercial paper on the Ethereum network.
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South Korea financial authority rules that NFTs are taxable
Korean lawmakers plan to impose taxes on NFTs after classifying them as virtual assets. 194 Total views 2 Total shares South Korea’s Financial Services Commission, or FSC, announced Tuesday that nonfungible tokens, or NFTs, will be taxed starting next year. According to The Korea Herald, this tax law amendment would impose a 20% tax on…
MoneyGram Reports ‘Quiet Quarter’ For Ripple Partnership
During an earnings call for Q1 2020, MoneyGram chairman and chief executive, Alexander Holmes, revealed that it was a “quiet quarter” regarding the firm’s partnership with blockchain payments company Ripple (XRP).Ripple first announced its “strategic partnership” with the Nasdaq-listed money transfer company during June 2019. The partnership’s initial term was set at two years, with…
EU AI rules stifle innovation, Meta and Spotify CEOs warn
Zuckerberg and Ek’s concerns highlight the need for balanced regulation of emerging technologies.
Grayscale’s spot Ether ETFs launch on New York Stock Exchange
A Grayscale executive said the products will provide traditional investors with exposure to an asset that has the potential to transform the entire financial system.
Individual ETH miner hits jackpot with $540K block reward
An individual miner defied the odds and managed to collect 168 ETH from a solo mining pool this week worth 42 times the average block reward. 1340 Total views 15 Total shares An individual Ether (ETH) miner struck it big by mining a block on their own and receiving a reward valued at about $540,000. The…
Nexo agrees to $45M settlement with SEC and NASAA over earn product
The crypto lender didn't categorically admit or deny the findings from the SEC's investigation despite agreeing to the settlement. Own this piece of history Collect this article as an NFTCrypto lender Nexo Capital has agreed to pay $45 million in penalties to the United States Securities Exchange Commission (SEC) and The North American Securities Administrators…
Auditors reveal USDC backing as Jim Cramer sounds alarm over Tether’s mad money
Auditors working for Circle have disclosed the reserves backing the firm’s USDC stablecoin, while Mad Money’s Jim Cramer has questioned Tether’s lack of transparency with its USDT reserves. Multi-national tax advisory firm Grant Horton conducted the audit, and a reserve attestation report was published on July 20 which showed that 61% of USDC’s reserves were…
Nifty News: Winamp adds NFT support, Atari gets physical and more
NFT music on WinampOld school classic PC-friendly media player Winamp has rolled out support for Ethereum and Polygon-based music nonfungible tokens (NFTs) in the latest update of its desktop player. Winamp has been around since 1997 and was one of the most popular media players for PC users but has since been overtaken by Windows…