In 2022, euro-denominated digital assets have gained in popularity and many experts believe that the formation of this new sector will against all odds become a cornerstone for the future economy. The stablecoin economy is worth roughly $150+ billion today, with euro-backed stablecoin issuance experiencing a drastic increase of 1,683%
The Company’s Focus on Cryptocurrency Mining Aligns Closely With the Chamber of Digital Commerce’s Priorities LAS VEGAS–(BUSINESS WIRE)–$AP #BITF—BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), today announced that it has joined the Chamber of Digital Commerce (the “Chamber”), a leading blockchain and cryptocurrency
Taxpayers will need to disclose any and all transfers of digital assets. The year 2022 is the first year when the phrase “digital asset” may be used on tax returns. The Internal Revenue Service (IRS) is extending its mandate for citizens to disclose cryptocurrency transactions. A new draught of Form
Tether enables 24,000 ATMs around Brazil country to provide Tether USDT. As of 2021, around 34 million eligible population in Brazil are still unbanked. Tether USDT, the stablecoin functioning over the Tether blockchain platform has partnered with SmartPay. This partnership will enable 24,000 ATMs around Brazil country to provide Tether
CEO Kristina Walcker-Mayer of the German firm announced the shutdown. The company first debuted in 2015 under the name Bitwala. As the CEO said, the trade will be possible on the platform until November 30th, 2022. Following a temporary insolvency filing by Nuri in August, the company has now made
The corporation is hiring 100 tech personnel to develop new blockchain services. It has also released a Bitcoin spot ETF in Canada. For quite some time now, Fidelity has been showing enthusiasm for cryptocurrency. The asset manager said that many investors are starting to see Ethereum “through a new lens”
BJ Kang was named the exchange’s first Head of Investigations. Kang has participated in a number of investigations involving financial crime. As the number of reported cases of cryptocurrency-related fraud continues to rise. Leading exchange Binance has appointed a new head of investigations for its American branch. Recently, BJ Kang,
The current crypto bear market also had a negative impact on SEN. Silvergate Exchange Network (SEN) volumes were lower than the industry average. The stock price of Silvergate Capital Corp (NYSE: SI) has dropped 19.5% over the last five days after the cryptocurrency-focused bank announced a dismal third quarter. Silvergate
Despite CEO Jamie Dimon’s criticism of Bitcoin and other cryptocurrencies as “decentralized Ponzi schemes,” the biggest investment bank in the world, JPMorgan has hired a new head of the digital assets regulatory policy division. According to Bloomberg Law, Aaron Iovine, who formerly worked in a similar role at the insolvent
At least 3 million people have joined the crypto community in a mad dash to get a Collectible Avatar NFT on Reddit. Since the introduction of the series in July, more than 3 million Reddit Vault wallets have been established so that users may purchase and sell NFT avatars based
