Crypto adoption is poised on a knife-edge, with regulation and laws prepared to push it either way in a moment’s notice. So far, we have seen countries around the world take a rather tolerant stance towards the crypto world, allowing exchanges and payment providers to operate freely.
Her Majesty’s Revenue & Customs (HMRC), the UK’s tax, payments and customs authority, is reportedly asking crypto exchanges to provide the names and transaction histories of their customers in order to track down unpaid taxes.
Coindesk reported that the HMRC has sent letters requesting the information to at least three exchanges active in the UK,
Crypto lending platform BlockFi has raised $18.3 million in Series A funding round led by FinTech-focused VC firm Valar Venture. The round also saw participation from Winklevoss Capital, Galaxy Digital, ConsenSys Ventures, Akuna Capital, Avon Ventures, Susquehanna, CMT Digital, Morgan Creek and PJC.
Who is the persistently elusive Satoshi Nakamoto, the creator of bitcoin — the cryptocurrency which has taken the world by storm with a current market cap of $221 billion?
While there have been many potential candidates including Nick Szabo, the father of smart contracts;
Brazilian cryptocurrency traders are now obligated to report their transactions to the country’s tax authority.
The Department of Federal Revenue of Brazil published a guideline stating that crypto transactions, including purchase, sale, donation, transfer, withdrawal, and issuance, that exceed $30,000 Brazilian real ($7,600 USD) must be reported to the National Collection via the Virtual Service Center (e-CAC) every last working day of the month.
Blockchain platform Ondiflo, in collaboration with BPX Energy, has successfully completed a Proof of Value (PoV) project of fluid hauling in East Texas.
Ondiflo, developed by Software development company Amalto and blockchain firm ConsenSys, provides blockchain-based applications to the oil and gas industry.
Dapper Labs, creator of the popular blockchain game CryptoKitties, has teamed with the National Basketball Association (NBA) and its affiliated union the National Basketball Players Association (NBPA) to develop a new digital platform for basketball fans.
The platform, dubbed NBA Top Shot,
Smartphone manufacturer Samsung has integrated Pundi X’s its crypto wallet solution into its Samsung Blockchain Wallet.
In a blog post, Pundi X, a multi-cryptocurrency point-of-sale (POS) solutions provider for retail stores seeking to accept cryptocurrencies, said that Samsung Galaxy S10 users will now be able to integrate the XWallet app to their Samsung Blockchain Wallet.
Crypto exchange Huobi has joined Global Digital Finance (GDF) to develop best practices and standards within the digital assets community.
GDF is an industry membership body that promotes the adoption of best practices for crypto and digital assets and digital finance technologies,
Launched in 2018, Coinbase Custody offers clients access to the secure, institutional-grade offline storage solution that has been used by Coinbase’s exchange business since 2012.