Cryptocurrency

Cryptocurrency

Layer1 Secures $50M in Funding to Rebalance the Global Bitcoin Hash Power

Layer1, a cryptocurrency infrastructure platform, has secured $50 million in collection A investment in a bid to revolutionize the bitcoin mining house within the U.S.  Consistent with a Layer1 weblog put up printed on October 15, 2019, the investment (which values the corporate at $200 million) got here from mythical …

Read More »

Sacramento Kings Pro Basketball Team Launches Crypto Collectibles

The Sacramento Kings NBA basketball crew has partnered with CryptoKaiju to release crypto-collectibles. In a press liberate on Oct. 16, the Sacramento Kings introduced a brand new collaboration with the writer of Ethereum-based Kaiju toys, CryptoKaiju. The corporations will give away 100 limited-edition Kaiju collectible toys all over the 2019–2020 …

Read More »

Op Ed: How to Understand Taxable Events for Cryptocurrency

As of late’s reasonable cryptocurrency traders, which quantity within the loads of hundreds, would possibly not even bear in mind that they want to pay taxes on their cryptocurrencies. However there’s no longer any cheap doubt in regards to the want for reporting capital beneficial properties, compliance, auditing, accounting and …

Read More »

Ethereum Caught in Descending Triangle as Analysts Eye Further Losses

Ethereum (ETH) has been dealing with an important inflow of marketing force over the last 24-hours, which has partly been pushed by means of the selloff that Bitcoin skilled previous these days that despatched the embattled cryptocurrency reeling under $eight,000. Analysts at the moment are noting that ETH is stuck …

Read More »

Rare Joint Statement From U.S. Regulators Proves Crypto Centralization Is Here

The U.S. SEC, Fincen and CFTC issued an extraordinary joint observation Friday addressing legislation of “actions involving virtual belongings.” Bringing up crypto’s perceived position in cash laundering and terrorism, the regulatory energy trio prescribed stricter adherence to anti-money laundering (AML) insurance policies and know your buyer (KYC) protocols. The observation …

Read More »

Top Fed Official Says US Central Bank Actively Debating Digital Dollar

A best Federal Reserve professional mentioned Wednesday that the U.S. central financial institution is “actively taking a look at and debating” issuance of a virtual forex, amid rising worries amongst present and previous regulators that the greenback could be susceptible to shedding its standing as the sector’s reserve forex. Talking …

Read More »