Search Results for: Deli

Fortex Launches Crypto Non-Deliverable Forwards

Fortex Technologies, a globally recognized multi-asset trading provider, has announced the expansion of its crypto services to include crypto non-deliverable forwards (NDFs), as well as an institutional platform for cryptocurrencies and digital assets. NDFs are forward contracts that are settled through cash and are often presented on a short-term basis as the name suggests. Notably, … Continue reading Fortex Launches Crypto Non-Deliverable Forwards

Fidelity’s Crypto Arm Given the Green Light by the New York State Department of Financial Services

Fidelity Digital Assets Service (FDAS), the cryptocurrency arm of Fidelity Investments has been granted a license by the New York State Department of Financial Services (NYDFS), allowing the company to offer cryptocurrency trading and custody services.  According to the press release on Nov. 19, the NYDFS authorized FDAS to act as a limited liability trust … Continue reading Fidelity’s Crypto Arm Given the Green Light by the New York State Department of Financial Services

Galaxy Digital Capital Management Launches Bitcoin Funds While Making Bakkt and Fidelity Custodians

Galaxy Digital Capital Management LP, an affiliate of Galaxy Digital Holdings Ltd, issued two Bitcoin funds with Bakkt and Fidelity Digital Assets as custodians for the funds, while Bloomberg L.P will be the pricing agent. These funds, the Galaxy Bitcoin Fund and the Galaxy Institutional Bitcoin Fund, offer low-fee to both institutional and accredited investors. … Continue reading Galaxy Digital Capital Management Launches Bitcoin Funds While Making Bakkt and Fidelity Custodians

Fidelity Investments Experiments With Crypto Salary Payments

Cryptocurrency adoption is at the forefront of all blockchain ambition, with multiple countries, businesses, and individuals pushing for more in the fin-tech industry.  Fiat is seen by many as a dying currency, which should ask the question, why are staff and businesses in crypto-related fields, not paying workers in token form? Fidelity Investments, have begun … Continue reading Fidelity Investments Experiments With Crypto Salary Payments

Paraguay Begins to Audit Local Crypto Industry to Comply with FATF Guidelines

Paraguay is looking to take its cryptocurrency industry mainstream, in light of the Financial Action Task Force’s (FATF) guidance on virtual asset service providers (VASPs) released earlier this year.   The Secretary for Preventing Money and Property Laundering, and the country’s anti-money laundering (AML) chief announced a crypto survey in the nation. The VASPs were asked to open … Continue reading Paraguay Begins to Audit Local Crypto Industry to Comply with FATF Guidelines

IRS Refuses Watchdog Request to Clarify 2019 Crypto Tax Guidelines

The Internal Revenue Service will not clarify how taxes work with cryptocurrencies and digital asset transactions according to a US congressional watchdog’s report released on Wednesday. Following Rep. Ken Brady’s (R-TX) request for clarity on how taxes are levied against cryptocurrency, the Government Accountability Office (GAO) published a report evaluating the IRS’ current approach and public … Continue reading IRS Refuses Watchdog Request to Clarify 2019 Crypto Tax Guidelines

US CFTC Reaches Clarity on Interpretive Guidance on the Physical Delivery of Traded Cryptocurrency

The US Commodity Futures Trading Commission (CFTC) announced that the Commission has voted unanimously and has clarified the guidance on the question of the physical delivery of digital assets.  This move comes as CFTC Chairman Heath P. Tarbert said, “providing clarity to market participants is one of the CFTC’s core values. Tarbert believes that new … Continue reading US CFTC Reaches Clarity on Interpretive Guidance on the Physical Delivery of Traded Cryptocurrency

Binance Delists FTX Tokens Due to Crypto Users' Lack of Understanding

Binance, the world’s largest crypto exchange by trading volume, has made a tough decision to delist all FTX leveraged tokens, citing that customers did not understand how the tokens work. The exchange intends to shut off withdrawals and deposits for the assets on March 31 at 8 a.m. UTC and to stop trading at 10 a.m. … Continue reading Binance Delists FTX Tokens Due to Crypto Users' Lack of Understanding

Blockchain and AI: The Delicate Balance Between Two Cyber Titans

‘The Skynet Funding Bill is passed. The system goes online on August 4th, 1997. Human decisions are removed from strategic defense. Skynet begins to learn at a geometric rate. It becomes self-aware at 2:14 AM, Eastern time, August 29th. In a panic, they try to pull the plug.‘ -The Terminator, Terminator 2: Judgment Day Back … Continue reading Blockchain and AI: The Delicate Balance Between Two Cyber Titans

Crypto Miners Allege Chinese Bitcoin Mining Giant Delivered "Defective" Product

Ahead of Bitcoin’s much-awaited halving event on May 12, a group of miners alleged Bitmain’s latest “Antminer” deliveries were defective and led to losses for investors.  Bitmain runs into trouble Arseniy Grusha, head of US-based mining firm Wattum, noted multiple issues with the February batch of purchased Antminers, as per a LinkedIn post on May … Continue reading Crypto Miners Allege Chinese Bitcoin Mining Giant Delivered "Defective" Product

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