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Major Crypto Exchanges Lament Outsized Scrutiny From US IRS
Representatives of major crypto exchanges today told the United States Internal Revenue Service that they want to see clear regulations rather than vague suspicion from the tax authority.In a March 3 panel that is a continuation of a broader crypto summit at the IRS building in Washington, D.C., representatives from Coinbase, Kraken, and major accounting…
Binance-backed Bitcoin DeFi protocol Zest launches yield-bearing BTCz token
The Bitcoin halving has catalyzed a wave of interest in creating DeFi capabilities for Bitcoin, the world’s first blockchain network.
Bitcoin funding rates hit YTD lows, bearish trend looms: CryptoQuant
Bitcoin funding rates on Binance turn negative, reflecting a surge in short positions as institutional interest wanes.
Institutional investment flows out of ETH and into competing L1 altcoins
Analysis from CoinShares shows investors favored smaller altcoins last week as capital outflows for Ethereum hit $17 million. 761 Total views 4 Total shares Institutional investors have shifted their attention from Ethereum (ETH) to competing Layer 1 blockchains of late, with capital inflows for altcoin investment products increasing last week whilst Ether products posted outflows…
US Woman Funding ISIS With Bitcoin Gets 13-Year Jail Sentence
A United States federal court has sentenced a U.S. citizen to 13 years in jail for laundering money for ISIS using Bitcoin and other cryptocurrencies.Per a Department of Justice announcement on March 13, Zoobia Shahnaz of Long Island received a 13-year sentence for working to fund the Islamic State of Iraq and al-Sham through cryptocurrency…
IPOs Are ‘Really Not Worth It’ Says Tim Draper
Tim Draper, a famous American venture capitalist and serial cryptocurrency investor, believes that initial public offerings, or IPOs, are not the best source of funding for industry firms.The billionaire investor joined the Unitize conference on July 6 to talk about investing in early stage blockchain startups.Draper’s thoughts on IPOsDuring the Unitize panel, Draper highlighted that…
Bitcoin sees worst monthly close in 2 years as traders watch $16.7K
Bitcoin (BTC) attempted to flip $17,000 to support on Dec. 1 after sealing its lowest monthly close in two years.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin gains inch up as November endData from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $17,100 in a second intraday charge at higher levels. The pair managed to avoid…
Ferrari’s new deal with blockchain firm Velas hints at NFTs
Ferrari will be issuing exclusive digital content for its fans in collaboration with Swiss blockchain startup Velas. 1794 Total views 35 Total shares Italian luxury sports car manufacturer Ferrari is moving into the blockchain industry by inking a partnership with Swiss blockchain startup Velas Network.Ferrari officially announced Monday that it had signed a multi-year agreement…