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IRS to Require 150 Million Tax Filers to Disclose Crypto Dealings
12.10.2019
The U.S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies...
Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky
12.10.2019
The new administration in Kiev, headed by the young president Volodymyr Zelensky, has brought renewed interest in cryptocurrencies. Fresh energy is now being injected into efforts to legalize decentralized digital money and regulate related economic activities. New draft laws have been proposed...
Lending Protocol Founders to Launch ‘Neo-Bank’ Offering Interest on USDC
10.10.2019
The founders of Nuo are launching Juno, which will offer a smart-contract wallet with 5.5 percent interest on USDC in a bid to attract retail users
Grayscale: Institutional Interest in Crypto Doubles in Q2
9.10.2019
Institutions are investing in altcoins again, says Grayscale
Major German Coop Bank Passes Negative Interest Rates to Customers
9.10.2019
One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about...
Data Shows Institutional Interest in Bitcoin Has Diminished
5.10.2019
Last spring and the beginning of summer 2019 saw digital asset markets spike considerably in value, and many speculators assumed the rise was due to institutional investors. However, BTC and a variety of other popular digital asset prices started plummeting in August. Reports now detail that...
The Exchange for the New Generation — Bitsoda.com Launches Globally
4.10.2019
The Singapore-based exchange, Bitsoda.com, is the newest force in digital asset trading platforms. Invested by Digital Finance Group with Ledger X, Circle and other well-known blockchain projects in the portfolio, Bitsoda.com stands out with adequate resource and enters global market fast with...
Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet
2.10.2019
U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed...
Coinbase to Pay US Users Interest for Holding USDC Stablecoin
2.10.2019
Coinbase has enabled 1.25% interest rewards for USDC holders, the service is not available to clients in New York State
Coinbase to Pay Users 1.25% Interest on USDC Stablecoin Holdings
2.10.2019
Starting today, Coinbase users get 1.25% returns on their USDC holdings
Bank of Japan Eyes Lower Rates for Halloween as Negative Global Trend Continues
1.10.2019
In a recent rate review meeting of the Bank of Japan (BoJ), bank governor Haruhiko Kuroda and others on the nine-member board urged leaving all options on the table, where further cuts to the country’s negative interest rate are concerned. The talk of further stimulus reflects an ever-growing...
Central Banks in Panic Mode – Extreme Tactics Like Helicopter Money Discussed
30.9.2019
Central banks worldwide continue to inject more stimulus into the economy as they predict the onset of a new financial crisis. In the face of a sluggish economy, monetary easing, negative interest rates, and ‘normalizing’ the balance sheet is the name of the game these days. Now central...
Interest Rate in Australia to Be Cut According to Financial Market Predictions
30.9.2019
Interest rates are being cut by most central banks all over the world in order to recharge economies. If the predictions from the financial markets are to be believed, the Reserve Bank of Australia is all set to cut interest rates as well. The Reserve Bank is going to convene its board meeting...
Bankers Start to Recognize Bitcoin’s Role in Financial Evolution
29.9.2019
Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that...
New Interest in DAOs Prompts Old Question: Are They Legal?
29.9.2019
New tools have made DAOs all the rage in the ethereum community. Now one startup is trying to make them work within U.S. legal frameworks
Swiss Bitcoin Bank: UBS, Credit Suisse Interest ‘Clearly Picked Up’
23.9.2019
“I don’t see a bubble right now. I see more serious business planning and solutions addressing client needs,” says UBS ex-CEO Peter Wuffli of the crypto sector
What Billions in Fed Repo Injections Reveal About the Promise of Bitcoin
23.9.2019
The Fed Reserve has injected $278 billion injection into the securities repurchase market. Mike J. Casey Looks at what it means for crypto
Central Banker: CBDCs Are a Flexible Tool for Zero-Interest Rate World
19.9.2019
Central banks can benefit from digital currencies but they don’t necessarily need a blockchain, says Chile’s top central banker
Looming Economic Slowdown Likely to Force FED to Cut Interest Rates
18.9.2019
Over the course of the year, the global economy has given even indications that a slowdown might be looming and naturally, central banks have been urged to cut interests in order to stimulate growth. Many central banks across the world have cut interest rates. Last time around, the United States...
Here’s How Europeans Can Deal With Negative Interest Rates
17.9.2019
Low and negative interest rates have been a burden for account holders across Europe for some time. And it’s only getting worse, as the European Central Bank just announced a new rate cut to a record low of -0.5%. Private and corporate customers in many countries on the continent don’t...