Crypto news

Jamestown – a global real estate investment and management firm – has partnered with leading digital currency payment enterprise Bit Pay to accept rent payments in bitcoin and assorted digital currencies. Jamestown and Bit Pay Work Together in the Name of Crypto At the time of writing, the plan extends only to properties based in the United States, though Jamestown is hoping to expand its crypto abilities to properties in Europe as well. The move is pushing the goals of...

Terra co-founder Do Kwon has unveiled a detailed plan to hard fork Terra and revive the network’s ecosystem. It will involve abandoning its algorithmic stablecoin, and launching a new cryptocurrency to replace its old governance token, LUNA. The proposal is a follow-up to Kwon’s informal plan he posted last week, in which he admitted that UST was a failed stablecoin, and that the blockchain needed a fresh restart. It roughly reflects his original plan to distribute...

Stable Corp – a leading Canadian fintech firm and a partner in the development of Canada’s first digital dollar (known as Digital Deposit Receipts or DDR) – has earned more than $1.5 million in growth capital from equity partners like Circle Ventures, Genesis, and the Stellar Development Foundation. Stable Corp Gets a Lot of New Funding In an interview, Alex McDougall – president and chief operating officer Stable Corp – announced: We are thrilled to welcome Circle...

The catastrophic failure of Terra’s algorithmic stablecoin, TerraUSD (UST), last week exacerbated the chaos in the crypto industry and accelerated plans to regulate the stablecoins market. Following the market meltdown, global financial regulators started proposing different legislations to regulate stablecoins better and prevent similar incidents from occurring in the future. UK to Legalize and Regulate Stablecoins Over the weekend, the United Kingdom Treasury revealed plans...

Last week, Ripple closed a red candle of a whopping 42%. The bulls managed to fight back, pushing the price up at the end of the week. Will this be the end of the bearish sentiment in the short term, though? Technical Analysis By Grizzly The Daily Chart On the daily chart, XRP is moving downward in a descending channel (in yellow). Currently, the support zone (in green) at $0.33 has prevented any further price declines. To dominate the market, bulls must be able to keep the...

Jamie Warder – executive vice president and head of digital banking at KeyCorp’s – said in a recent interview that in the future, as all banking becomes digital, cryptocurrencies are going to play large roles in how people engage with money. Warder Is Confident in Crypto In a recent survey that his company conducted, it was revealed that roughly 80 percent of all Americans choose to do their banking online or through other digital means. Warder believes this has...

The Australian Taxation Office (ATO) announced Monday that it will focus on digital assets this year as it expects to see more Aussies report capital gains or losses in their tax returns. Aussies Are Engaging With Crypto The tax regulator treats crypto assets as digital property, hence Aussies who sell their digital assets, including non-fungible tokens (NFTs), are expected to calculate and record their capital gains or losses in their tax returns. For clarity, capital gain...

Portugal’s Finance Minister Fernando Medina has confirmed plans to apply capital gains taxes on cryptocurrency profits. Though he has not committed to a specific date, he stressed that there can no longer be gaps within the tax system around transactions involving digital assets. Ending the Tax Haven? Cryptocurrencies are currently subject to very few tax rules in Portugal, making the country something of a crypto hub. However, the government finally committed to creating a...

After buying the dip and adding 500 BTCs to the state coffer, El Salvador President Nayib Bukele has another surprise up his sleeves. The country is organizing an international conference of central bank representatives today, Bukele announced less than 24 hours before the event.  El Salvador’s Conference of Central Banks El Salvador will host an international bitcoin event on Monday where 44 central banks and key financial institutions have been invited, El Salvador...

Crypto Finance: Stefan Schwitter Joins as new Head Asset Management Stefan Schwitter has been appointed Head Asset Management of Crypto Finance (Asset Management) AG, a FINMA regulated subsidiary of Crypto Finance AG, positioning itself for further growth and impact on the rapidly growing crypto ecosystem. Effective as of May 9, 2022, Stefan Schwitter is the Head Asset Management of Crypto Finance (Asset Management) AG. He will be responsible for...