Search Results for: fiat currency

Web3 Innovator, Impossible Cloud, Selects Bob Gold & Associates as Its PR Agency of Record

Industry-Renowned PR & Marketing Agency Will Help Launch Ground-breaking Decentralized Cloud Platform LOS ANGELES–(BUSINESS WIRE)–#BobGoldPR—Impossible Cloud, the revolutionary cloud platform that offers decentralized, multi-service cloud solutions, has selected Bob Gold & Associates, a nationally recognized boutique public relations and marketing agency, as its public relations agency of record. The agency

March 7, 2023 4 mins read

Insolvent Voyager Digital Starts Liquidating Crypto Assets to Coinbase

After declaring bankruptcy in July 2022, Voyager Digital has been looking at numerous options for reviving the firm ever since. At first, there was an agreement with FTX, which was terminated when that company collapsed soon after FTX won the auction for its assets. Ultimately, FTX would file a lawsuit

February 28, 2023 1 min read

Bank of International Settlements Head Backs CBDC Over Crypto

According to Agustin Carstens, the head of the Bank of International Settlements, there is no longer a compelling case for the adoption of digital currency as a replacement for fiat currency. Technology, Carstens claimed in an interview with Bloomberg TV, could not be relied upon as a reliable means of

February 22, 2023 1 min read

Koinbazar Will Experience a New Look Through Its Rebranding as KoinBX

Global crypto exchange Koinbazar plans to rebrand its project as KoinBX on February 19, 2023. The Koinbazar website will soon be completely rebranded to KoinBX providing a better trading experience for users. More so, the official website of KoinBX will always start with “https://” and contain “koinbx.com.” To note, the

February 17, 2023 2 mins read

Crypto Exchange CEX.IO Receives Notice by FDIC Over Insurance Claims

Executives of cryptocurrency exchange CEX.IO have received a letter from the United States Federal Deposit Insurance Corporation (FDIC). Notifying them that they may have broken federal law by making false and misleading claims regarding the exchange’s insurance status. The regulatory body has given the exchange 15 days to make the

February 16, 2023 2 mins read

Bitcoin (BTC) Transactions through Telegram Wallet

Payments Giant Visa Optimistic of Crypto Sector Despite Recent Downturn

At the StarkWare Sessions 2023, Visa’s head of crypto business Cuy Sheffield said that the corporation aims to create a “muscle memory” to settlements by enabling clients to convert digital assets to fiat currency on its platform. In a fireside discussion during the conference, Sheffield said: “We’ve been testing how

February 5, 2023 2 mins read

Prominent Crypto Exchange Kraken Exits Abu Dhabi After Japan

The Abu Dhabi office of Kraken, a renowned cryptocurrency exchange, has shuttered less than a year after being granted a local license. More than a third of the company’s workforce will be laid off as a result of this reduction. In a move that affected around eight positions, Kraken laid

February 3, 2023 1 min read

The Supreme Court of Panama Will Rule on the Crypto Legislation

The disagreement over Panama’s crypto legislation has allowed the Supreme Court of that nation to rule on the future of the nation’s crypto market. The so-called “crypto bill” submitted to the high court for review on January 26 by Panamanian President Laurentino Cortizo. He said it violated the fundamental values

January 30, 2023 2 mins read

IRS Issues Reporting Obligations For Tax Payers Regarding Crypto Dealings

The Internal Revenue Service (IRS), which enforces United States federal tax laws, has issued a list of reporting obligations for the general public concerning cryptocurrencies as the 2022 federal income tax return filing due date approaches. IRS tax forms that formerly referred to “virtual currency” up to 2021 have been

January 29, 2023 1 min read

Tesla Still Owns Bitcoin Despite Dramatic Price Reduction

Tesla still holding onto Bitcoin despite a dramatic reduction in its value since the fourth quarter of 2021. At the start of the year, Tesla (TSLA), invested $1.5 billion to purchase over 43,200 bitcoins for around $30,000 per coin. This move was welcomed by cryptocurrency and bitcoin fans, who saw

January 27, 2023 1 min read