Sizeable Portion of Tether’s $4.5B Growth Comes From Exchange Fiat
Tether rose quickly to $9.1 billion in 2020 as supply doubled since March, but some of that is old money being repurposed into USDT. Go to Source Powered by WPeMatico
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Crypto Tax Disclosures Can Help With Internal Revenue Service
Disclosure sounds like it exposes you to extra IRS audit risk, but if it’s done properly, disclosure can actually reduce your risk. Go to Source Powered by WPeMatico
Copper Becomes Latest Crypto Firm to Use Signature Bank’s Signet
The integration of Signature Bank’s Signet will allow Copper’s customers to instantly pay and settle transactions in U.S. dollars and other fiat currencies. Go to Source Powered by WPeMatico
Robinhood Postpones UK Launch ‘Indefinitely,’ Freezes Global Expansion Plans
The popular stock and crypto trading app has put its global expansion plans on hold. Go to Source Powered by WPeMatico
Wirecard Exec Reportedly Used Bitcoin to Move Funds to Russia
Russian media reported that Marsalek is hiding in Russia with funds that he was able to transfer there with Bitcoin. Go to Source Powered by WPeMatico
Tether CTO: ‘USDT Will Continue to Exist Alongside CBDCs’
With a market cap over $10B, Tether isn’t likely to be displaced by any central bank digital currency according to Paolo Ardoino. Go to Source Powered by WPeMatico
Grayscale Receives FINRA Approval for BCH and LTC to Trade Publicly
Financial regulators in the US approved shares of Grayscale Investments’ Bitcoin Cash and Litecoin trusts for trading on OTC Markets. Go to Source Powered by WPeMatico
Latest DeFi Craze Involves a One-Man Project With a ‘Worthless’ Token
The weekend saw the biggest yield farming craze develop as a new governance token gained over 4,000% in a day. Go to Source Powered by WPeMatico
Mastercard Expands Cryptocurrency Program for Crypto Card Issuers
Mastercard is reaching out to cryptocurrency firms and encouraging them to apply to become partners as part of its newly-expanded cryptocurrency card program. Go to Source Powered by WPeMatico
Binance CEO CZ: ‘Bitcoin Has Been Really Stable’
Changpeng Zhao, CEO of Binanace, says that Bitcoin will eventually break out of this $9,000–9,500 corridor but the token is “really stable” now. Go to Source Powered by WPeMatico