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On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Industry Recovery Initiative fund into three different cryptocurrencies. Zhao noted that significant onchain movements would be noticeable following the announcement. CZ’s Decision to Convert $1 Billion BUSD Comes Amidst Troubles … Read more
After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with a market cap of around $11.12 billion, compared to the meme … Read more
Bradesco, one of the largest banks in Brazil and the third biggest in all of Latam, has entered the cryptocurrency world by issuing its first tokenized credit notes. The operation, carried out in partnership with Bolsa OTC, tokenized almost $2 million in bank credit notes, which were also distributed by Bradesco. Bradesco Launches Asset Tokenization … Read more
The Iranian tax agency has called for establishing a legal framework for crypto trading platforms so they can be taxed properly. Go to Source Powered by WPeMatico
A new study found that institutional investors’ appetite for digital assets, including cryptocurrencies, is growing. Go to Source Powered by WPeMatico
Banks and other financial institutions have never been close friends of Bitcoin and other cryptocurrencies. Goldman Sachs is a good example, albeit it seems that the bank has some other problems to deal with as well. This week, the people at Goldman Sachs had an interesting discussion on Bitcoin, inflation, and so forth. Bitcoin is … Read more
Australian tax agents have set out to close a gap they say costs the state several billion dollars. Taxpayers who file various work-related claims and investment property deductions or declare income from sharing economy platforms such as Uber and Airbnb may be asked for explanations and receipts. Investors and traders earning income from cryptocurrencies are … Read more
It is always good to see more transparency in the world of cryptocurrency, tokens, and digital assets. While Ripple might not be the most popular company in this space, its XRP asset is still performing in line with expectations. According to the company’s Q2 2019 report, things are still going according to plan across the … Read more
Gold and bitcoin enjoy a curious relationship. On the one hand, there is a significant crossover between investors in both, particularly from libertarians who don’t trust the U.S. dollar. But on the other hand, initiatives such as #DropGold have sought to position bitcoin as a more portable, divisible and scarcer form of gold. Can bitcoin … Read more
It has been a very interesting day for all cryptocurrencies, tokens, and assets. Although the big gains are literally spread out across the board, the XRP price has noted some incredibly bullish momentum. It even surpassed $0.42 at one point, although the trend has calmed down a bit. The ongoing mirroring of Bitcoin’s price trend … Read more
