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Blockchain

FinCEN Wants US Citizens to Disclose Offshore Crypto Holdings of $10K+

The Financial Crimes Enforcement Network (FinCEN), the U.S. Treasury Department wing tasked with monitoring potential legal violations of domestic financial laws, wants Americans to report if they have more than $10,000 in cryptocurrencies with foreign financial or virtual asset service providers. FinCEN announced its intention to amend the Bank Secrecy Act’s Foreign Bank and Financial […]

Number of People Holding Lots of Bitcoin Surges in Rare ‘Whale-Spawning Season’

Large investors continue to accumulate bitcoin, possibly putting upward pressure on the cryptocurrency’s price. The number of whale entities – clusters of crypto wallet addresses held by a single network participant holding at least 1,000 bitcoin – rose to a new record high of 1,994 on Wednesday. The previous peak of 1,969 reached in 2016 […]

Valid Points: A Year in Review by Your Eth 2.0 Staking Experts

In less than 48 hours, 2020 will be behind us.  It almost seems too big a task to recount all that has happened in this world, in this industry and in our own personal lives but our colleague Brad Keoun, editor of CoinDesk’s daily cryptocurrency markets newsletter, First Mover, offers an excellent start to summarizing  […]

Spanish City Lebrija Launches Local Virtual Currency ‘Elio’ as Form of Stimulus

The city council of Lebrija has created a virtual currency ‘Elio’ that can only be used for payments made to small and medium businesses, according to a report by Diario de Sevilla. Read more: Spain’s Second-Largest Bank Will Soon Launch Crypto Services: Sources Source link

Crypto Long & Short: The Christmas Poem Edition

In a departure from our usual Crypto Long & Short format, in honor of the holiday season, I’ve written a poem that reviews the year and reflects some of the progress made in our industry. It’s not rigorous analysis, but I hope the change in rhythm lightens the festive period. Go ahead and laugh, but […]

Bitcoin Soars Past $27K, Has Risen More Than $2.5K in a Little Over a Day; Market Cap Now Tops $500B

Year to date bitcoin is up more than 270%. Source link

Evan Weiss: Now Is the Time for Enterprises to Look at ETH 2.0

Despite the excitement and enthusiasm in the Ethereum community, many people don’t yet fully understand the significance – and the opportunity – of the second-largest blockchain for large institutions and enterprises.  The nature of network participation is changing dramatically as well as the incentive mechanisms for securing open permissionless protocols, demonstrated by Ethereum’s shift to […]

DeFi Christmas: DEX Aggregator 1inch Launches Governance Token to Take On Uniswap

Decentralized exchange (DEX) aggregator 1inch has issued its own governance token.  Users of 1inch and the Mooniswap DEX, founded by the same execs, will get rewarded with a Christmas gift of sorts and have a say on matters like fees, referral rewards and other governance issues. The token, named 1INCH and running on the Ethereum […]

Crypto Exchange Binance Terminates Korea Operations Due To Low Usage

Cryptocurrency exchange Binance announced Thursday it is closing its Korea operations after eight months of operating due to low usage and volume. Source link

Kadena Onboards Celo’s Dollar Stablecoin, Plots January Launch for Decentralized Exchange

Hybrid blockchain maker Kadena said Tuesday it is collaborating with fintech firm Celo to put its U.S. dollar stablecoin, cUSD, on Kadena’s platform using a trustless bridge. Kadena said that in addition to the bridge, the blockchain platform will wrap its native KDA token on Celo’s platform. This will allow both Celo’s cUSD stablecoin and […]

Crypto Bank Sygnum Tokenizes Shares, Eyes Public Offering

The regulated Swiss firm is now eyeing a dual listing of shares in Switzerland and Singapore in partnership with the SIX Digital Exchange. Source link

Bank of France’s Deputy Governor Discusses CBDC Progress, Regulatory Changes

Bank of France Deputy Governor Denis Beau, speaking Thursday at the Paris Blockchain Summit, discussed the progress being made with the central bank digital currency (CBDC) and touched upon possible regulatory changes and the legal framework. Beau said there has been a “hands-on approach” with the bank’s experiment to launch a digital euro for the […]