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U.S. Tax Crackdown on Bitcoin and Cryptocurrency Hits Delay
U.S. Tax Crackdown on Bitcoin and Cryptocurrency Hits Delay
News  -  Bitcoin  -  Jun 29, 2022 by Philipe F

The Treasury Department and Internal Revenue Service are likely to delay a January date for the firms to begin tracking data such as customers’ capital gains and losses, according to people familiar with the matter and who asked not to be named at this time. The move would mean that

A Closer Look at Circle’s USDC Operation and Possible Failure
A Closer Look at Circle’s USDC Operation and Possible Failure
News  -  Markets  -  Jun 29, 2022 by Deniz Saat

Twitter user @CryptoInsider23 posted a thread claiming that Circle’s USDC stablecoin “is on the brink of collapse.” The account explains that they were able to come to this conclusion by looking into Circle’s SPAC IPO filings. From the provided tweet and infographic, Circle is currently paying Signature Bank

Twitter Feud With Nic Carter Over Identity-based Wallet
Twitter Feud With Nic Carter Over Identity-based Wallet

On June 28th, 2022 Venture Capitalist Nic Carter announced he was “Excited to be backing” identity-based wallet company, Dynamic.  Dynamic XYZ’s goal is to usher in “the adoption of wallet-based authentication and identity.” The company announced that they raised $7.4 million during a seed round of funding led

News  -  Bitcoin  -  Jun 30, 2022
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Twitter Feud With Nic Carter Over Identity-based Wallet
Twitter Feud With Nic Carter Over Identity-based Wallet

On June 28th, 2022 Venture Capitalist Nic Carter announced he was “Excited to be backing” identity-based wallet company, Dynamic.  Dynamic XYZ’s goal is to usher in “the adoption of wallet-based authentication and identity.” The company announced that they raised $7.4 million during a seed round of funding led

News  -  Bitcoin  -  Jun 30, 2022
U.S. Tax Crackdown on Bitcoin and Cryptocurrency Hits Delay
U.S. Tax Crackdown on Bitcoin and Cryptocurrency Hits Delay

The Treasury Department and Internal Revenue Service are likely to delay a January date for the firms to begin tracking data such as customers’ capital gains and losses, according to people familiar with the matter and who asked not to be named at this time. The move would mean that

News  -  Bitcoin  -  Jun 29, 2022
A Closer Look at Circle’s USDC Operation and Possible Failure
A Closer Look at Circle’s USDC Operation and Possible Failure

Twitter user @CryptoInsider23 posted a thread claiming that Circle’s USDC stablecoin “is on the brink of collapse.” The account explains that they were able to come to this conclusion by looking into Circle’s SPAC IPO filings. From the provided tweet and infographic, Circle is currently paying Signature Bank

News  -  Markets  -  Jun 29, 2022
Luxury Watchmaker Breitling Accepts Bitcoin for Purchases
Luxury Watchmaker Breitling Accepts Bitcoin for Purchases

One of the world’s oldest luxury watch brands has decided to join the bandwagon of recent luxury watchmakers to accept Bitcoin.  Breitling has partnered with BitPay as their Bitcoin and cryptocurrency payment service provider. This allows customers the option to pay with Bitcoin or other cryptocurrencies at checkout.  The

News  -  Bitcoin  -  Jun 29, 2022
CoinFLEX CEO Claims Roger Ver Owes Millions to Derivatives Exchange
CoinFLEX CEO Claims Roger Ver Owes Millions to Derivatives Exchange

On June 27th, 2022 a Twitter account by the name of @FatManTerra revealed that an insider within CoinFLEX was allowed to borrow $47 million of uncollateralized USDC as a loan. CoinFLEX stated on June 23rd that their platform would be halting all withdrawals due to the current market volatility. Almost

News  -  Bitcoin  -  Jun 28, 2022
Swiss Mining Company Opens Operations in Texas
Swiss Mining Company Opens Operations in Texas

White Rock Management, a Swiss mining company has announced that they will deploy its first Bitcoin mining operation in the U.S. The facility will be located north of Houston at Brazos Valley and will be powered through by-product natural gas from active oil wells. Serhiy Tron, Founder of White

News  -  Bitcoin  -  Jun 28, 2022
Hedge Funds are Shorting Tether After Terra Implosion
Hedge Funds are Shorting Tether After Terra Implosion

The Wall Street Journal released a report on Monday (June 27th, 2022) stating that hedge funds are ramping up efforts to short Tether (USDT), the stablecoin pegged to the U.S. dollar. Subsequently, Tether Chief Technology Officer (CTO), Paolo Ardoino, voiced his thoughts on Twitter in a 12-part thread. He

News  -  Business  -  Jun 28, 2022
Grayscale Prepares for Spot Bitcoin ETF Ahead of SEC Approval
Grayscale Prepares for Spot Bitcoin ETF Ahead of SEC Approval

Grayscale Investments said Monday (June 27th, 2022) that it is gearing up to work with heavyweight market makers Jane Street and Virtu Financial if the SEC approves their Grayscale Bitcoin Trust (GBTC) to be converted into a spot ETF. GBTC is currently trading at nearly a 30% discount to net

News  -  Bitcoin  -  Jun 28, 2022
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