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Binance Coin (BNB) Unveiled as ETP on Six Swiss Stock Exchange


Malta-based leading digital asset trading platform, Binance has added one more feather to its credit by entering into a strategic partnership with tech firm Amun AG. The crucial partnership has led to the launch of BNB, the native currency of Binance, as an Exchange Traded Product or ETP on...

G20 Informed Stablecoins Could Pose Financial Stability Risk


The Financial Stability Board has informed the G20 finance ministers and central bank chiefs of the risks stablecoins could pose to financial stability. Unlike crypto assets which do not pose financial stability risk at this time, stablecoins could pose a host of challenges. Also read: Unicef...

Bitcoin’s Smallest Unit ‘Satoshi’ Added to Oxford English Dictionary


Oxford University Press published its recent quarterly report which revealed the term ‘satoshi’ was added to the Oxford English Dictionary (OED) database. The word represents the “smallest monetary unit in the Bitcoin digital payment system,” according to the definition....

Indian Supreme Court Postpones Crypto Case to November


The Supreme Court of India on Tuesday once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case...

Diversified Crypto Fund Receives FINRA Regulatory Approval


Grayscale Investments has received regulatory approval to publicly quote shares of its diversified crypto fund. The product, which is the firm’s only diversified offering, invests in five main cryptocurrencies. In addition, the firm offers nine single-asset investment funds, some of which...

Tax Guide: What Crypto Owners Should Know


With the rise in price and the growing adoption of cryptocurrencies, more governments worldwide have been ramping up efforts to tax them. Some countries are using extreme measures to get their hands on this new source of untapped revenue, but there are also tax-friendly countries that are...

IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR


Virtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD....

Android Tool Lets You Check Crypto Payment Apps for Double-Spends


The risk of double-spending has traditionally been a major obstacle to creating and fully using digital money. A flaw of this kind would be detrimental to the credibility of any system claiming to provide universal solutions to the financial needs of our era. Whoever created Bitcoin elegantly...

Bitcoin Cash Outshines BTC Retail Spending in Australia by a Wide Margin


The BCH-centric web portal Bitcoinbch.com published on October 13 an in-depth report that shows the aggregate of cryptocurrency expenditure for Australian retail businesses. According to the 10-page document, BCH transactions in the country exceed BTC transactions by a wide margin and BCH is...

IRS to Require 150 Million Tax Filers to Disclose Crypto Dealings


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...

Visa, Mastercard, Ebay, Stripe Join Paypal in Leaving Libra


Most payment companies have now pulled out of Facebook’s Libra project. Visa, Mastercard, Ebay, and Stripe have followed Paypal in dropping out of the project amid regulatory concerns. The Libra Association has responded to the exodus of these companies. David Marcus, who is in charge of...

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