Search Results for: US treasury

Ether Capital Announces Leadership Transition: Brian Mosoff to Step Down as CEO, Som Seif Appointed as Interim CEO, Update on Corporate Treasury and NCIB

TORONTO–(BUSINESS WIRE)–Ether Capital Corporation (“Ether Capital” or “the Company”) (NEO: ETHC), a company dedicated to providing access to the Ethereum ecosystem, today announced a transition in its executive leadership. Brian Mosoff, who has served as the CEO for over five years, will be stepping down from his role, effective January

December 12, 2023 4 mins read

Terra Classic Tokens LUNC and USTC Surge Rapidly, What Sparked the Rally?

TerraClassicUSD (USTC) stablecoin has displayed a striking upswing, surging over 276% in the last 24 hours, triggering renewed optimism within the Terra Classic (LUNC) community and marking a significant moment for the digital asset. This unexpected rally follows a quiet pullback period, with both USTC and LUNC prices witnessing significant

November 27, 2023 2 mins read

Unchained Partners with Bakkt to Expand its Collaborative Custody Network for Bitcoin

Bakkt will help Unchained secure over $3 billion in clients’ bitcoin via collaborative custody AUSTIN, Texas–(BUSINESS WIRE)–Unchained, the leading financial services provider for bitcoin holders, today announced that Bakkt has agreed to join its network of collaborative custody partners. Bakkt joins Coincover and Kingdom Trust as members of the network,

November 15, 2023 3 mins read

Ant International Unveils Web3 Technology-Powered Next-Generation Treasury Solutions

SINGAPORE–(BUSINESS WIRE)–Ant International today unveiled its next-generation treasury management solutions powered by Web3 technologies during Singapore Fintech Festival. The solutions utilize Web3 technology innovations including advanced encryption and tokenization, zero-knowledge proof, artificial intelligence and decentralized finance to improve the efficiency and transparency of global fund clearing and settlement, and enable

November 15, 2023 3 mins read

Solana's New Memecoin COOLCoin Dump Raises Concerns

Justin Sun Offers 5% Bounty for Returning Poloniex Stolen Funds

Justin Sun, who recently acquired crypto exchange Poloniex offered a 5% reward to the hackers who looted over $126 million in assets. Justin sent an update on Twitter on November 10 after suffering a devastating loss, pleading with the attackers for a refund within seven days. Moreover, Justin Sun offered

November 10, 2023 1 min read

PayPal's PYUSD Stablecoin Reaches Market Cap of $290 Million

U.S SEC Issues Subpoena to PayPal Over PYUSD Stablecoin

The U.S SEC has issued a subpoena against payment processing behemoth PayPal in relation to its stablecoin pegged to the U.S. dollar. On November 2nd, PayPal publicly stated in its Q3 financial report with the SEC that it had received a subpoena from the SEC’s Enforcement division over its PYUSD

November 2, 2023 2 mins read

Australia Proposes Regulatory Framework for Crypto Exchanges

Recently, the Australian government announced its intention to license cryptocurrency exchanges as a means of regulating the digital asset market. The policy shift has consumer protection and innovation in the crypto sector as its stated goals. Concerns have been raised by certain exchanges, however. On October 16, the Australian Treasury

October 16, 2023 1 min read

Real USD (USDR) Stablecoin De-Pegs; Plummets to $0.51

After its reserves of DAI were depleted, the value of the polygon-based stablecoin Real USD (USDR), which is backed by real estate holdings, plummeted to almost $0.51 within a few hours yesterday. On-chain data revealed by USDR’s creator, Tangible DAO, shows that the treasury has no DAI and that the

October 12, 2023 2 mins read

US Crypto Community Divided Over Biden’s New Tax Reporting Rules

The US Internal Revenue Service (IRS) recently unveiled a set of new tax reporting guidelines. Endorsed by President Joe Biden, these rules aim to tighten the noose on tax evasion in the digital asset space. However, the proposal has been met with a mix of skepticism and outright opposition from

August 28, 2023 2 mins read

Prosus N.V.: Results of Annual General Meeting

AMSTERDAM–(BUSINESS WIRE)–Prosus N.V. (Prosus) (AEX and JSE: PRX) The annual general meeting (AGM) of the shareholders of Prosus was held today. Shareholders are advised that all resolutions set out in the notice of the AGM were passed by the requisite majority of shareholders represented at the AGM and adopted, including

August 23, 2023 12 mins read