Cryptocurrency

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

Source: en.wikipedia.org

Coinbase Argues Token Buyers Don’t Acquire Any Rights
Coinbase Argues Token Buyers Don’t Acquire Any Rights
January 17, 2024  |  Cryptocurrency

In a Wednesday (Jan. 17) court hearing, cryptocurrency exchange Coinbase Global made a comparison between buying cryptocurrency and collecting Beanie Babies. The comparison was presented as part of...

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IRS Delays Requirement to Report Certain Transactions Involving Digital Assets
IRS Delays Requirement to Report Certain Transactions Involving Digital Assets
January 17, 2024  |  Taxes

Businesses do not have to report certain transactions involving digital assets until the Treasury Department and the Internal Revenue Service (IRS) issue regulations. The agencies...

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Bankman-Fried’s Parents Seek to Quash FTX Lawsuit
Bankman-Fried’s Parents Seek to Quash FTX Lawsuit
January 17, 2024  |  Legal

Sam Bankman-Fried’s parents say they can’t be held accountable for their son’s actions at FTX. Joseph Bankman and Barbara Fried were sued last year by FTX, with the...

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Coinbase and SEC Prepare for Courtroom Crypto Showdown
Coinbase and SEC Prepare for Courtroom Crypto Showdown
January 17, 2024  |  Cryptocurrency

America’s largest cryptocurrency exchange is scheduled to face the country’s securities regulator in court. And at Coinbase’s hearing on Wednesday (Jan. 17), the company will reportedly argue...

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PTPShopy Debuts Crypto Payment Platform for Businesses
PTPShopy Debuts Crypto Payment Platform for Businesses
January 15, 2024  |  Cryptocurrency

Business-focused cryptocurrency payment gateway PTPShopy announced it had begun operations Monday (Jan. 15). “For software or hosting providers, PTPShopy presents a superior SaaS crypto payment solution, enabling easy integration...

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JPMorgan Dubious Bitcoin ETFs Will Draw New Capital
JPMorgan Dubious Bitcoin ETFs Will Draw New Capital
January 15, 2024  |  Cryptocurrency

J.P. Morgan analysts are doubtful about the promise of bitcoin exchange-traded funds (ETFs). The banking giant thinks bitcoin ETFs will draw substantial funds from other...

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OpenSea Wants NFTs to Evolve as Market Plunges 63%
OpenSea Wants NFTs to Evolve as Market Plunges 63%
January 14, 2024  |  NFTs

Last year was not a good one for non-fungible tokens (NFTs). Sales for the blockchain-based digital assets fell 63% to $8.7 billion in 2023, even with volume...

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Google Follows Apple in Yanking Crypto Apps in India
Google Follows Apple in Yanking Crypto Apps in India
January 14, 2024  |  Cryptocurrency

Google has removed several cryptocurrency platforms from its Indian Play store. The removal, as reported Saturday (Jan. 13) by TechCrunch, involves crypto giants including Binance and Kraken, and follows...

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Genesis Global Trading to Pay $8 Million Penalty, Surrender BitLicense
Genesis Global Trading to Pay $8 Million Penalty, Surrender BitLicense
January 12, 2024  |  Legal

The New York State Department of Financial Services (DFS) has announced that Genesis Global Trading will pay an $8 million penalty to the state and surrender its BitLicense.  These...

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