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US Government Has Seized Cryptocurrencies Worth $1.2 Billion So Far This Year
5.8.2021
The U.S. government has seized cryptocurrencies worth $1.2 billion so far this year, according to an Internal Revenue Service director. This is a significant increase from $137 million in crypto seized the previous year. $1.2 Billion in Cryptocurrencies Seized Jarod Koopman, director of cybercrime...
Bitcoin and Submarine Sandwiches: Quiznos Restaurant to Pilot Payments via the Bakkt App
3.8.2021
On Tuesday, Bakkt Holdings revealed a partnership between the national quick-service restaurant (QSR) Quiznos. The company Quiznos is a brand based in Denver, Colorado, and the restaurants specialize in offering submarine sandwiches. According to the announcement, Bakkt and a Quiznos location...
Wells Fargo Starts Offering Crypto Investments to Clients
3.8.2021
Wells Fargo, one of the largest wealth managers in the U.S., has reportedly started offering crypto investments to its wealth management clients. Wells Fargo Offers Crypto Exposure A spokesperson for American financial services company Wells Fargo reportedly confirmed to Business Insider Friday...
Ukrainian President Signs Law Opening Door for Digital Hryvnia, Regulatory Sandbox
1.8.2021
President Volodymyr Zelensky has signed a law that will allow the National Bank of Ukraine to issue its own digital currency. The new legislation, which aligns Ukrainian regulations with EU rules, will also stiffen authentication requirements for clients of payment service providers....
Automated Investment Service Firm Wealthfront Adds Support for Grayscale’s BTC, ETH Trusts
31.7.2021
On Thursday, the Palo Alto-based automated investment service firm, Wealthfront Inc., announced that customers can now get exposure to crypto assets via the company’s platform. The firm revealed that clients can choose from two Grayscale investment trusts, as the company now offers...
GitHub Explains the Open Graph Images
29.7.2021
An explanation of those new GitHub social media images:
[…] our custom Open Graph image service is a little Node.js app that uses the GitHub GraphQL API to collect data, generates some HTML from a template, and pipes it to 
…
The post GitHub Explains the Open Graph Images...
US Marshals Service Hires Custodian for Seized Cryptocurrencies — Over 185K BTC Confiscated, Sold so Far
29.7.2021
The U.S. Marshals Service, a primary law enforcement agency of the Department of Justice (DOJ), has hired a new custodian for its seized cryptocurrencies. The agency has seized and auctioned off over 185K bitcoins so far. The United States Marshals Service (USMS) has selected Anchorage Digital...
Bitcoin inheritance tool to use cloud service by Russian Sberbank
29.7.2021
A new project in Russia aims to enable secure storage of inherited digital possessions like Bitcoin using a cloud-based service of state-owned Sberbank
Russian ‘Time Capsule’ to Facilitate Inheritance of Crypto Assets
29.7.2021
Researchers in Moscow are developing a new service that will allow users to transfer digital data to their heirs, including crypto keys. The Russian “time capsule” will be capable of storing and relaying other private information as well such as a record of the whereabouts of valuable...
Ripple and SBI Collaborate to Launch On-Demand Liquidity in Japan — XRP Surges
29.7.2021
Ripple has launched its first On-Demand Liquidity (ODL) service implementation in Japan in partnership with SBI Remit, a large Japanese money transfer provider, and Philippine crypto exchange Coins.ph. Ripple, SBI, Coins.ph Collaborate to Launch Ripplenet’s On-Demand Liquidity Ripple Labs...
Japan to test Ripple’s ODL service for money transfers to Philippines
28.7.2021
Japan’s first On-Demand Liquidity (ODL) service implementation helps Ripple to drive the adoption of crypto-enabled services
SWIFT Ups Competition with Crypto, Launches 'Fast, Transparent Payments' Service
27.7.2021
Global banking payments network SWIFT seems to be aiming to build itself as a stronger competition to cryptocurrencies - it has just launched a new service which they say allows businesses and consumers to send payments quickly, securely, and transparently directly from bank accounts.
SWIFT...
Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges
27.7.2021
Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association. The service should allow Kazakhs to legally invest in cryptocurrencies and cash out their profits. Crypto...
IRS Modifies Crypto Question on Tax Form — Now Focusing on Taxable Cryptocurrency Transactions
24.7.2021
The U.S. Internal Revenue Service (IRS) has modified the crypto question asked on the main U.S. tax form. Reducing the scope of the question, the IRS now focuses on taxable cryptocurrency transactions. New Crypto Question on Tax Form 1040 The IRS published a draft Form 1040 for the tax year 2021...
‘Buy now pay later’ firm Zip plans to offer crypto trading in Australia and the US
23.7.2021
“We know our younger generation of customers seek additional products and services that are relevant to them,” said Zip co-founder Peter Gray
BNY Mellon joins State Street to service new crypto exchange
21.7.2021
Traditional financial institutions like State Street and BNY Mellon continue to get involved in the fast evolving cryptocurrency space
UK Based Startup Scallop Is Leading Crypto-Focused Banking-As-A-Service
21.7.2021
Hundreds of millions of people all around the globe have no checking or savings account! Financial exclusion undermines the quality of life and also delays economic success. The unbanked population has no access to any financial products whatsoever, which is likely to remain if they do not change....
Netflix's Video Game Service Is Saying All The Right Things
21.7.2021
As part of the company’s latest earnings report, Netflix CEO Reed Hastings and Chief Product Officer Greg Peters jumped on an investor phone call to talk about loads of things related to the future of the company. While discussing one of those things, their impending detour into video games, things...
Robinhood Aims for $35 Billion Market Valuation in Upcoming IPO
20.7.2021
An amended prospectus filed yesterday by Robinhood indicates the company is aiming to get a valuation of up to $35 billion in its upcoming IPO. The fee-free options, cryptocurrency, and stock trading service is expecting to sell up to 55 million shares and raise more than $2 billion when the...
Zimbabwe Proposes Inclusion of VASPs in Its Securities Law — Move Applauded as ‘Step in Right Direction’
20.7.2021
The Zimbabwean government recently revealed its intention to widen the definition of securities to include virtual asset service providers (VASPs). According to a document released by the cabinet, the proposed inclusion of VASPs into the category of defined securities will be made possible via...