Category: United States

More IRS summonses for crypto exchange account holders

April 18, 2021

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The United States Internal Revenue Service has been hunting crypto vigorously for more than five years now, and the pace is getting faster. A couple of decades ago, the IRS was after offshore accounts, and that effort was among the most successful in the IRS’ history. Now, it’s crypto the IRS is after, and there’s […]

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SEC loses a battle to win the war? Ripple dissociates from pumping XRP

April 18, 2021

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When the United States Securities and Exchange Commission filed legal action against Ripple Labs and its top-two executives in December, alleging that its XRP coin was in fact a security and that the firm had raised over $1.38 billion through an unregistered securities offering in 2013, many wondered if XRP would even survive.  Some exchanges […]

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The crypto FBAR: Implications beyond

April 17, 2021

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The United States Department of Treasury is again sharpening its sword upon crypto. In January 2021, the Department of Treasury’s Financial Crimes Enforcement Network issued Notice 2020-2. The Notice states that FinCEN intends to amend its regulations concerning the reporting of foreign financial accounts to include digital currency as a type of reportable account.  In […]

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Cathie Woods’ Ark buys a further $110M worth of Coinbase shares

April 16, 2021

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Three exchange-traded funds offered by Cathie Wood’s Ark Invest added a total of 341,186 shares in Coinbase, worth a combined $110 million, on Thursday. 9476 Total views 28 Total shares Three exchange-traded funds offered by Cathie Wood’s Ark Invest, including the flagship Ark Innovation ETF, all added further shares in Coinbase (COIN) to their positions […]

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Canadian Bitcoin ETFs quickly hit $1.3B in AUM while US acceptance lags

April 14, 2021

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In less than two months, one Canadian Bitcoin ETF attracted $1.1 billion in assets under management, while two more funds are also growing their AUMs. 14108 Total views 34 Total shares The Purpose Investments ETF, the first Bitcoin (BTC) exchange-traded fund to launch in North America, has seen its assets under management soar to $1.1 […]

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Linux Foundation launches blockchain-based platform for insurance

April 13, 2021

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The Linux Foundation and the American Association of Insurance Services are co-launching a blockchain-based platform to help the insurance industry. 11161 Total views 33 Total shares The Linux Foundation, the nonprofit technology consortium that supports the Linux operating system, is backing a new blockchain-based project for the insurance industry. On Monday, the foundation announced the launch of […]

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Galaxy Digital submits Bitcoin ETF application with SEC

April 12, 2021

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Mike Novogratz’s Galaxy Digital is the latest Bitcoin exchange-traded fund applicant in the United States. 4608 Total views 32 Total shares Galaxy Digital has submitted a Bitcoin (BTC) exchange-traded fund filing with the United States Securities and Exchange Commission. According to the form S-1 published by the SEC on Monday, the Galaxy Bitcoin ETF — […]

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You don’t own me: XRP price surge defies SEC’s clamp-down on crypto

April 9, 2021

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After the United States Securities and Exchange Commission initiated a lawsuit against Ripple alleging that the firm had been indulging in the sale of securities worth $1.3 billion, a number of prominent exchanges across the globe (including Coinbase, Kraken, OKCoin) proceeded to delist Ripple’s native cryptocurrency, XRP, from their platforms.  As a result, many across […]

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US must embrace Bitcoin to counter Chinese ‘financial attack’ — Pomp

April 8, 2021

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Bitcoin, like the internet, can be used in ways which could compromise U.S. prowess without suitable allowances from lawmakers. 1953 Total views 22 Total shares Bitcoin (BTC) can undermine the U.S. dollar if the United States does not take a lead role in accepting it, argues Anthony Pompliano. Speaking to CNBC on April 8, the […]

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State Street to provide tech for institutional Bitcoin trading platform

April 8, 2021

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Currenex, a State Street-owned FX platform, will provide its infrastructure for the Pure Digital cryptocurrency exchange. 6130 Total views 27 Total shares State Street, the second-oldest operating bank in the United States, is moving into the cryptocurrency industry by agreeing to provide its technology for a new crypto trading platform. Currenex, a foreign exchange technology […]

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