The bearer nature of digital assets presents challenges to institutions getting into crypto. The need for greater security will likely impact the whole industry.
After getting in hot water with U.S. regulators last year, the exchange has rolled out mandatory verification for all users.
PayPal’s venture arm is among a group of new investors of TaxBit, a tax compliance automation startup.
The post PayPal, Coinbase among firms to invest in crypto tax automation startup TaxBit appeared first on The Block.
Bitfarms announced the placement Sunday.
It took just a few months for cryptocurrencies’ market cap to double to $1 trillion. That compares with eight years for U.S. junk loans.
With the sudden rise, XRP has replaced litecoin as the fourth-largest cryptocurrency by market cap.
Finland’s customs authority, Tulli, is looking to sell 1,981 bitcoins seized in 2016. Finnish public broadcaster Yle reported the news on Thursday.
The post Finland’s customs authority is looking to sell bitcoin seized in 2016, now worth more than $75 million appeared first on The Block.
Oasis Labs, creator of Oasis Protocol, appears to be looking to build an institution-friendly version of Ethereum’s DeFi ecosystem.
PayPal Ventures, Coinbase Ventures and Winklevoss Capital invested an undisclosed amount in the firm.
The cryptocurrency tax was originally planned to be implemented in late 2021.
