WeChat Eyes Blockchain for Faster Refunds of Company Expenses

markets Bitcoin (BTC) could be in for a stronger recovery rally ahead of New Year as the recent major sell-off looks to be fading. The leading cryptocurrency by market value had been trading near $3,200 early yesterday, representing an 83 percent drop from the record high of $20,000 reached the same date in 2017. However,…

Feb 13, 2020 at 23:45 UTCUpdated Feb 13, 2020 at 23:58 UTCLarry Harmon image via GoFundMeUS DOJ Calls Bitcoin Mixing ‘a Crime’ in Arrest of Software DeveloperLarry Harmon was arrested earlier this week for allegedly participating in a money-laundering conspiracy worth more than $300 million in cryptocurrency involving darknet marketplace AlphaBay. However, the family of…

It’s been a long journey for Alan Lane since the Silvergate Bank CEO bought his first bitcoin in 2013. That was around the time his small, deposit-hungry bank, based in La Jolla, California, took on its first crypto exchange as a client. It was a gutsy move for a financial institution, since at the time…

The team of investigators requested past data and transaction details from Korea Digital Exchange. Jan 26, 2021 at 11:56 a.m. UTCSouth Korean Tax Agency Carries out Irregular Audit on Crypto Exchange OperatorSouth Korea’s National Tax Service has conducted a special tax audit of Korea Digital Exchange, which operates the local cryptocurrency exchange Flybit.On Tuesday, the…

Feb 12, 2020 at 15:30 UTCUpdated Feb 12, 2020 at 15:31 UTCIqbal Gandham (center), eToro's UK managing director. Image courtesy of eToroRetail Investors Aren’t Interested in Crypto Derivatives, Says eToro ExecutiveDespite being one of the largest crypto derivatives platforms, an eToro executive said he isn't losing sleep over the U.K.'s proposed retail ban. Over breakfast…

Sep 24, 2020 at 19:00 UTC((z_wei/iStock via Getty Images Plus))Did Corporate Insiders Perfectly Predict the Market Top?In August, the volume of personally owned stock sold by corporate executives reached its highest level since 2015, followed by a 10% decline in the S&P500 in September. For more episodes and free early access before our regular 3 p.m. Eastern time…

Project Infinity, launched in May 2017 by NEX Group (formerly ICAP), could be the biggest bloodletting the distributed ledger sector has seen to date, having cost roughly $31.7 million and hemorrhaged dozens of jobs, former employees say. Spearheaded by Jenny Knott, former head of NEX Optimisation, the project had a grand vision of bringing the…

This article originally appeared in First Mover, CoinDesk's daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Latest PricesCrypto prices. (CoinDesk Indices) (CoinDesk Indices)Top StoriesThe bitcoin bull is back, and so is price volatility. BTC traded 6.8% higher at $62,992 at press time, having printed

Although MiCA is set to start taking effect at year-end, it has yet to lead to an increase in crypto-euro transactions, the European Securities and Markets Authority said.The level of euro-denominated crypto transactions has held steady at about 10% since the regulation became law last year.The European Union's crypto asset regulation, which became law in