Category: PayPal

PayPal crypto partner Paxos raises $300M

PayPal crypto partner Paxos raises $300M

The new funding round included PayPal Ventures, Declaration Partners, Mithril Capital and Senator Investment Group. 8786 Total views 21 Total shares Paxos, a major cryptocurrency company and PayPal’s crypto collaborator, has completed a massive fundraising round shortly after receiving preliminary approval to form a national trust bank. On Thursday, the firm announced a new $300-million Series […]

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US crypto firms invest in tax solutions as IRS updates reporting forms

US crypto firms invest in tax solutions as IRS updates reporting forms

Coinbase Ventures, PayPal Ventures and Winkelvoss Capital have all invested in cryptocurrency tax automation software provider TaxBit. 3064 Total views 17 Total shares United States regulators are continuing to fine-tune their tax reporting requirements for cryptocurrency users. A second draft of Form 1040 from the Internal Revenue Service for the 2020 tax season published online suggests […]

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