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IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

A preview of the new Form 1099-DA, a tax form that will be used by cryptocurrency brokers to record transactions involving digital assets, has been made available by the Internal Revenue Service (IRS) of the United States of America. As part of the continuous efforts of the Internal Revenue Service (IRS) to enhance compliance and … Continue reading IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

DWF Labs Renews Collaboration with DMCC to Propel MENA Blockchain Ecosystem Forward

DWF Labs is committed to investing in 50 startups operating in the web3 space, with a significant investment of USD $500,000 reserved for the most promising business. The partnership builds upon the foundation laid by the previous agreement, which included the establishment of a $5 million growth platform for Web3 businesses at the DMCC Crypto … Continue reading DWF Labs Renews Collaboration with DMCC to Propel MENA Blockchain Ecosystem Forward

Blockchain.News Interview with Managing Partner of HEX Alessio Quaglini on Digital Asset Custody

We conducted an interview with Alessio Quaglini, the Managing Partner of HEX Trust who has extensive experience in Investment Banking, Financial Services, and regulation. He shared with us his views on the digital asset custody sector. What is the difference between custody of traditional vs digital assets? To answer this question, we can look at the … Continue reading Blockchain.News Interview with Managing Partner of HEX Alessio Quaglini on Digital Asset Custody

Blockchain.News Interview with Co-founder and CIO of CryptAM, David Demmer on Digital Asset Management

Since the launch of the Bitcoin in 2008, interest in cryptocurrencies continue to increase exponentially over the years. As the space matures, investors are increasingly eager to add cryptocurrencies into their portfolios for more diversification, whether it is for long-term value investing or short-term profit maximization. Investors can no longer afford to ignore the impact … Continue reading Blockchain.News Interview with Co-founder and CIO of CryptAM, David Demmer on Digital Asset Management

Malaysia’s Prime Minister Seeking a New Gold Standard

Reportedly Malaysia’s Prime Minister Dr Mahathir Mohamad indicated that he is agreeable to a single currency for the East Asian region backed by gold but critically it would not become the national cash of any current nation. Speaking recently in Tokyo at the 25th International Conference on The Future of Asia he stressed that the … Continue reading Malaysia’s Prime Minister Seeking a New Gold Standard

New York State Trust License – Fidelity’s Step Towards Mass Crypto Adoption?

Fidelity’s cryptocurrency investment arm, Fidelity Digital Assets (FDAS) has filed for a trust license in the state of New York according to several sources. An approved application with the New York Department of Financial Services (NYFDS) will mean that FDAS will be able to offer custodial services for digital assets in the state of New … Continue reading New York State Trust License – Fidelity’s Step Towards Mass Crypto Adoption?

New York Times Experiments with Blockchain to Combat Fake News

The New York Times made an announcement regarding their new project by their research and development team focused on experiments using blockchain. They are finding a solution to combat misinformation, adulterated media issues that harm publishers. This solution can be used by the media industry globally in the future. Their News Provenance Project plans to … Continue reading New York Times Experiments with Blockchain to Combat Fake News

Bitfinex and Tether's Appeal Rejected by New York Judge

Earlier this year, the New York Attorney General’s office has made allegations against Bitfinex of using up Tether’s cash reserves in April 2019. The accusations were made regarding the cryptocurrency exchange of losing $850 million, and thereafter taking funds from Tether’s reserves to cover the loss.  The NYAG office started to investigate iFinex Inc, the … Continue reading Bitfinex and Tether's Appeal Rejected by New York Judge

New Zealand Permits Cryptocurrency Remunerations

New Zealand has set the precedent of being one of the initial nations to allow cryptocurrency salaries. Workers will receive their payments in the form of digital assets. This information was availed by the New Zealand Inland Revenue Department, the nation’s tax regulator.  Realistically, cryptocurrency regulation has faced stringent measures in numerous jurisdictions. This has … Continue reading New Zealand Permits Cryptocurrency Remunerations

New York Supreme Court Declares NYAG has Jurisdiction over Bitfinex

The New York State Supreme Court ruled that the New York Attorney General (NYAG) has jurisdiction over the case with cryptocurrency exchange Bitfinex, regarding fraud allegations.   The New York State Supreme Court ruled that the New York Attorney General (NYAG) has jurisdiction over the case with cryptocurrency exchange Bitfinex, regarding the fraud allegations.    IFinex, the … Continue reading New York Supreme Court Declares NYAG has Jurisdiction over Bitfinex

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