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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
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
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, 2022On 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, 2022The 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, 2022Twitter 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, 2022One 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, 2022On 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, 2022White 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, 2022The 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, 2022Grayscale 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