The call for reducing Tax Deduction at Source (TDS) on crypto transactions is intensifying among the crypto ecosystem players in India. A TDS of 1% on virtual digital assets has been approved by the Union budget 2022-23. Terming this too high as it can drive traders away from the market and hurt volumes, industry representatives...Read More
Earlier this week, a pull request was submitted by an Ethereum DevOps engineer for the Ropsten testnet Merge configuration code that can be seen in the GitHub repository. For the uninitiated, the Ropsten testnet was created by Ethereum Foundation nearly five years ago and is considered one of the best replicas for the Ethereum blockchain....Read More
TL;DR: Coinbase is announcing its partnership and investment in the WNBA ecosystem. Today, Coinbase is excited to announce our expanded investment within the Women’s National Basketball Association (WNBA) ecosystem. In addition to the League, our new partners include the Women’s National Basketball Players Association (“WNBPA” — the union which represents all players), two team partners,...Read More
Tether’s USDT stablecoin is beyond fully backed, according to the latest assurance report provided by accounting firm MHA Cayman. The firm found that Tether’s total assets are worth at least $82,424,821,101, while its total liabilities (including issued stablecoins) amount to $82,262,430,079. The State of Tether’s Reserves The report’s figures match those in Tether’s unaudited Consolidated...Read More
By Paul Grewal, Chief Legal Officer Tl;dr: At Coinbase, we take our responsibility to build a more open, accessible financial system very seriously. We’re deeply committed to our asset listing policies and processes, and we’ll continue to innovate as our dynamic space evolves. A few weeks ago, we shared concerns about purchases of certain assets...Read More
South Korea’s National Tax Service has reportedly ordered Terraform Labs, its co-founder Do Kwon, and other executives to pay a 100 billion won ($78 million) fine for tax evasion penalties. The Genesis According to local reports, the tax agency first launched an investigation into Terraform Labs and its subsidiaries in June last year on suspicion...Read More
More than 10 million people have now bought Bitcoin using Jack Dorsey’s CashApp, according to Block’s Q1 2022 shareholder letter. The app generated $624 million in gross profit for the company over that time, $43 million of which came from Bitcoin sales. Expanding Bitcoin Access The company states that it is focused on expanding awareness...Read More
The 1INCH crypto is the centralization and utility token of 1Inch Exchange, a decentralized exchange aggregator. The aggregator enables consumers to swap Ethereum and its tokens via liquidity pools, pricing and percentage optimization protocols. 1inch Exchange aims to provide better bargains to consumers by identifying the far more efficient DEX service provider swap routes. 1INCH...Read More
The US arm of the cryptocurrency exchange, FTX, is going old school with the launch of its new stock-trading service for a limited number of users in the country. The new offering is being released through FTX Capital Markets, which happens to be a FINRA member broker-dealer. Push for Stock Trading According to the official...Read More
The past several weeks have been quite the negative turmoil for the cryptocurrency market, as it all started at the end of March. Interestingly, this coincides with a similar drop for the largest US-based stock market indexes, which led to a multi-month high in terms of correlations between Wall Street and crypto. The Market Meltdowns...Read More
[PRESS RELEASE – Please Read Disclaimer] In April 2022 GoPlus Security Engine, a leading Web3 Security Infrastructure provider, raised a multi-million dollar private funding round. This round was co-invested by several public chain entities including Crypto.com Capital, Huobi incubator, KuCoin Ventures, Arweave, Harmony, Avatar (Avalanche Asia Star Fund), and Neo, with participation from numerous parties...Read More
As global regulators are ramping up forces targeting digital asset firms, Coinbase announced the launch of a global crypto-native think tank that aims to accelerate research on the industry and hold constructive discussions with policymakers. Coinbase Institute The blog post by the largest US-based crypto exchange stated that the newly established think tank, Coinbase Institute,...Read More
[PRESS RELEASE – Paris, France, 18th May 2022] French startup Sneakmart will bring its Metakicks sneaker NFTs to the Metaverse in 2022. With these NFTs, users can customize their virtual avatars and unlock various benefits in the digital world. Sneakmart has a vision for the Metaverse, which involves tokenizing real-world sneakers on the blockchain. It...Read More
Tether’s USDT market valuation has decreased by nearly $9 billion after Terra’s UST meltdown. The market saw a dramatic sell-off last week as a result of the collapse of Terra’s UST stablecoin, with USDT trading as low as $0.95. Tether’s “implosion” was approaching, according to the crypto analyst known for his opposing viewpoints. This is...Read More
On Block’s Investor Day, the outspoken CEO Jack Dorsey revealed his ambition of expanding the payment company into a digital giant with footprints across multiple dimensions and reiterated its unshaken faith in the future of blockchain technology and Bitcoin. He argued that BTC is the only candidate for the money of the Internet. Block Ecosystem...Read More
Reports are suggesting that all may not be well at the Celsius crypto lending platform. Some customers claim they have been unfairly wiped out, while company CEO Alex Mashinsky asserts that malicious actors are trying to collapse the system. Celsius is one of the crypto industry’s largest lenders, with $11.8 billion worth of assets. The...Read More
New week, new listings. Users can now trade our new XBT- and USDT-margined Project Galaxy (GAL) and Tron (TRX) listings, and XBT-margined ApeCoin (APE) perpetual contracts – all with up to 33x leverage. GALUSD, GALUSDT, TRXUSD, TRXUSDT, and APEUSD went live on 19 May 2022 at 04:00 UTC. Read on to learn more about our...Read More
By Kate Rouch, Chief Marketing Officer This week Coinbase celebrated a milestone of 10 years in business by doing what we do best — building! Just this week: Coinbase unveiled our web3 mobile dapp and DeFi wallet and browser, announced our Primer Commerce integration and introduced Coinbase Institute. CMO Kate Rouch explains how Coinbase used...Read More
Ripple has announced a partnership with Lithuania’s FINCI to provide retail remittances and B2B payments through RippleNet’s On-Demand Liquidity (ODL). Thanks to this partnership, FINCI’s customers can make seamless payments between Europe and Mexico, a PR from Ripple said. Ripple-FINCI Partnership FINCI is an online cross-border money transfer provider, while RippleNet’s ODL provides crypto-enabled international...Read More
