Search Results for: Business

EY Launches Crypto Tax Reporting App to Assist Businesses with US Tax Filings

Ernst & Young (EY) is launching a crypto Software as a Service (SaaS) to offer step-by-step guidance that assists with US cryptocurrency tax filings. The cryptocurrency application is a web-based enterprise-grade tax engine and is fully automated to support the crypto tax process. The SaaS, EY CryptoPrep supports a number of major cryptocurrencies and exchanges … Continue reading EY Launches Crypto Tax Reporting App to Assist Businesses with US Tax Filings

Permissionless Blockchains fit the Business World's Needs

R3 CTO Richard Brown recently published an interesting article. Among other issues, the story states explicitly permissionless blockchains have probabilistic confirmation of transactions. We want to clarify several parts of this problematic statement by describing how Concordium solves some of the challenges for Permissionless Blockchains. Transactions confirmation are not probabilistic Richard Brown claims that permissionless … Continue reading Permissionless Blockchains fit the Business World's Needs

Microsoft Takes Down COVID-19 Cyber Criminals to Eliminate "Business Email Compromise" Attacks

Scammers have been taking advantage of the confusion caused by COVID-19 pandemic and the subsequent worldwide economic crisis in order to retrieve sensitive information and phish personal data from Microsoft users. It was reported by Corporate Vice President of Microsoft, Tom Burt, that Microsoft users from at least 62 countries around the world have been … Continue reading Microsoft Takes Down COVID-19 Cyber Criminals to Eliminate "Business Email Compromise" Attacks

Texas Man Charged for Using COVID-19 Small Business Relief Funds to Buy Crypto

A Texas resident named Joshua Thomas Argires has been charged by US authorities for using funds from a COVID-19 relief program to trade cryptocurrencies. The criminal charge was announced by Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division. Argires was taken into custody for fraudulently securing more than $1.1 million … Continue reading Texas Man Charged for Using COVID-19 Small Business Relief Funds to Buy Crypto

Bank of Thailand Tests its Central Bank Digital Currency with Large Businesses Before Official Debut

The Bank of Thailand (BoT), Thai’s central bank, is already utilizing its central bank digital currency (CBDC) for financial transactions with various big businesses. As reported by a local news outlet on July 16, this development ushers in the third development phase of the nation’s CBDC before a public debut.  Hong Kong Monetary Authority Involvement … Continue reading Bank of Thailand Tests its Central Bank Digital Currency with Large Businesses Before Official Debut

MAS Proposes New Regulations to Tighten Crypto Business Activities

The Monetary Authority of Singapore (MAS) has published a consultation paper proposing a new set of regulations that may stiffen the emergence and activities of crypto industries in the country. Despite the proactive strides of the MAS towards the development of the country’s central bank digital currency (CBDC), the apex bank is set to reinforce … Continue reading MAS Proposes New Regulations to Tighten Crypto Business Activities

Bitmain Business Booming Despite Public Feud Between Co-Founders Jihan Wu and Micree Ketuan Zhan

Mining giant Bitmain continues to accelerate—signing a new $23 million Antminer S19 Pro Contract with Marathon Patent Group—despite the public feud between its co-founders Jihan Wu and Micree Ketuan Zhan dominating the news over the last year. Global leader in cryptocurrency and Bitcoin mining equipment, Bitmain has continued to expand its business with an announcement today that … Continue reading Bitmain Business Booming Despite Public Feud Between Co-Founders Jihan Wu and Micree Ketuan Zhan

Bitmain Partners With Digital Currency Group's Foundry to Fuel Crypto Mining Business in North America

Crypto mining giant Bitmain has announced that it will be partnering with crypto mining firm Foundry to extend its services to North America. The announcement was made on September 10, and through the partnership, Chinese Bitcoin mining firm Bitmain hopes to enhance its financial services to North American customers. Bitmain has announced that it has … Continue reading Bitmain Partners With Digital Currency Group's Foundry to Fuel Crypto Mining Business in North America

Coinbase Refuses to Mix Politics With Business, Offers Unsatisfied Staff Severance Packages

Coinbase CEO Brian Armstrong has announced a generous severance package to staff who may find it difficult to focus on the company’s missions. The severance package offer was contained in a letter Armstrong sent to the Coinbase team members following his extensive statement highlighting the company’s missions on Sept. 27. In his statement, Armstrong had … Continue reading Coinbase Refuses to Mix Politics With Business, Offers Unsatisfied Staff Severance Packages

Hacked Crypto Exchange KuCoin Back In Business With Crypto Deposit and Withdrawals

Cryptocurrency exchange KuCoin is back in business as the exchange revealed that it has completed its wallet security upgrade following its recently suffered hack. According to the update posted by the Singapore-based exchange, the KuCoin wallet security strategy upgrade was conducted for three major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). Per the … Continue reading Hacked Crypto Exchange KuCoin Back In Business With Crypto Deposit and Withdrawals

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