Monthly Archives: April 2019

BitPay Partners With Refundo to Enable Taxpayers to Receive Refunds in Bitcoin

Crypto payment services firm BitPay has partnered with tax-related financial products company Refundo to enable people to get a portion of their tax refund back in bitcoin. Cryptocurrency payment services firm BitPay has partnered with tax-related financial products company Refundo to enable people to get a portion of their tax refund back in bitcoin (BTC). The development was announced in a press release shared with Cointelegraph on April 30. Refundo’s new product dubbed CoinRT allows taxpayers to receive all or a portion of the federal and state […]

More info

UK Watchdog Allows Three Blockchain Firms to Join Regulatory Sandbox

Three blockchain-focused firms are among the latest 29 companies accepted into the U.K. financial watchdog’s regulatory sandbox. The United Kingdom’s Financial Conduct Authority (FCA) has allowed three blockchain-based businesses to join the latest cohort of its regulatory sandbox, the organization announced on April 29. Diro Labs is one of the blockchain-driven companies accepted by the FCA for performing tests on a “short-term and small-scale basis.” According to the regulator, the startup uses a “central blockchain-based store of information” to verify identities and documents online from original sources. Meanwhile, Fintech Delivery […]

More info

Stablecoins, Explained

Volatility in crypto prices have been regarded as a big hurdle for mainstream adoption. Stablecoins could be a way of eliminating such erratic fluctuations. Can stablecoins achieve true decentralization? Certain providers believe they have struck a compromise. Some stablecoin advocates are concerned that pegging a cryptocurrency directly to the U.S. dollar means that it must inevitably have ties to the U.S. banking system. This means that they have to rely on a centralized infrastructure — something Satoshi Nakamoto wanted to avoid when he set out his vision […]

More info

11% of Americans Own Bitcoin, Major Awareness Increased Since 2017

American population has become more aware of bitcoin in terms of six key aspects, such as familiarity, conviction, and others. 11% of the American population owns the major cryptocurrency bitcoin (BTC), according to a new survey published by Spencer Bogart of venture capital firm Blockchain Capital on April 30. Blockchain Capital partner Bogart today posted the results of a new survey conducted by Harris Poll in order to provide analytics data on bitcoin’s demographic trends. Conducted between April 23, 2019 and April 25, 2019, the survey included […]

More info

Fractional Reserve Stablecoin Tether Only 74% Backed by Fiat Currency, Say Lawyers

The news follows removal of suggestions Tether had full fiat backing, while a fresh legal case rumbles on. The company behind USD stablecoin Tether (USDT) only has enough cash to back three-quarters of its increasing supply, its lawyers confirmed in documents released on April 30. As part of an ongoing legal process involving the New York Attorney General, Zoe Phillips of law firm Morgan Lewis said that at the time of writing, 74% of Tether’s reserves had USD and equivalent backing. The figure falls short of previous […]

More info

Bitpay and Refundo Now Provide Tax Return Payouts in BTC

On April 30, the global cryptocurrency payment processing firm Bitpay announced its partnership with the tax-related financial products and services provider Refundo. The collaboration will give U.S. residents the ability to receive all or a portion of their federal and state tax refunds in crypto. Also read: How to Create a Bitcoin Cash Wallet With Cashaddress Federal and State Tax Refunds Using Blockchain Payments U.S. taxpayers now have the ability to get all or a portion of their federal and state tax refunds back in bitcoin core […]

More info

Self-Styled Satoshi Accused of PGP Forgery in Kleiman vs Wright Lawsuit

The Southern District Court of Florida case, Kleiman v. Wright, continues to be one of the 10 most monitored court dockets in the state. On April 28, the Kleiman estate’s legal team responded to Wright’s most recent motion to dismiss the case by claiming that Wright submitted a forgery as evidence and allege the fraudulent imitation was created one year after David Kleiman’s death. Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged ‘Satoshi Affair’ Kleiman Estate Believes Wright Took Over $11 Billion Worth […]

More info

UK Central Bank Deputy Governor Dave Ramsden: Crypto Is Not a Store of Value

Dave Ramsden said that crypto assets are too volatile to be a store of value. Dave Ramsden, deputy governor of the United Kingdom’s central bank, has said that crypto assets are too volatile to be a store of value. Ramsden made his comments in an interview with CNBC published on April 30. Bank of England (BOE) deputy governor Ramsden noted that over a year ago, the U.K.’s Financial Policy Committee (FPC) had concluded that cryptocurrencies’ volatility meant that they could not be a store of value. Furthermore, […]

More info

JPMorgan Chase Senior Executive Becomes CEO of Blockchain Precious Metals Firm

Michael Albanese takes over the day-to-day running of Tradewind as of Tuesday, as the company seeks expansion. Blockchain-powered precious metals platform Tradewind has appointed an ex-JPMorgan Chase executive as its new CEO, the company confirmed in a press release on April 30. Michael Albanese, who previously worked as the bank’s Global Head of Agency Collateral Management and Global Head of Securities Clearance, will take over Tradewind’s operations immediately. Those currently include the management of the company’s flagship metals market, which employs blockchain to streamline custody, trade and […]

More info

“Publicly Traded Crypto Exchange” Bitcoin Generation Hit by SEC Sanctions

An official announcement published on April 29, 2019, has revealed that the United States Securities and Exchange Commission (SEC) has temporarily suspended the trading of shares in Bitcoin Generation (BTGN), a blockchain-based company out of Oklahoma. The company also operates a crypto exchange platform that supports popular cryptocurrencies, and it bills itself as the “first publicly traded cryptocurrency exchange.” Specifically, the regulator pointed out inaccuracies with information relating to a bond purchased by BTGN from a U.K.-based entity, as well as its stock valuation and the status […]

More info
1 2 3 4 89