Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive
Grupo XP, the largest independent brokerage in Brazil, has publicly released its plans to launch a Bitcoin and Ethereum trading platform by the end of 2018. Guilherme Benchimol, the chief executive officer of Grupo XP and XP Investimentos SA, stated that the business will integrate Bitcoin and Ethereum into the existing infrastructure of the brokerage, […]
Brazil’s Biggest Brokerage is Entering the Crypto Market, Despite Reluctance From CEO
The CEO of Grupo XP, the largest independent brokerage in Brazil, said the firm is going to launch a Bitcoin and Ethereum trading exchange in the next few months. CEO Guilherme Benchimol made the remarks at a recent event in Sao Paulo. He mentioned how the decision by the firm hinged on the fact that about 3 […]
Content Creators on YouTube, Twitch, and Wikipedia Can Now Accept Ripple (XRP)
Content creators on the internet will now be able to accept payments in XRP tokens directly from their users. The tipping-for-content has become possible because of Coil, the brainchild of Stefan Thomas, the former CTO of Ripple Labs. The San Francisco company has launched the beta version of its browser extension app of the same […]
Billionaire Novogratz: Impossible For Bitcoin Not to Hit $10,000 by This Year
After a single day in the green, with many cryptocurrencies pushing monthly-highs, many advocates of this space have claimed that this market is on the verge of its next exponential growth cycle. While many wouldn’t classify these overly-bullish claims as crimes, so to speak, no one is as guilty to doing this as Mike Novogratz, the […]
Point72 Exec Leaves the Firm to Launch Crypto Hedge Fund in October
Former equities portfolio manager Travis Kling has left billionaire Steven Cohen’s Point72 Asset Management to launch his own digital assets fund, Bloomberg reported September 21. Point72 is an asset management firm founded in 2014 as the successor of investment company SAC Capital Advisors. The latter pleaded guilty to federal insider trading charges and paid a $1.8 billion fine. Point […]
US Congressman Drafts Bills to Aid Blockchain Development
U.S. Representative Tom Emmer wants to support the development and use of blockchain technology and cryptocurrencies. To that end, the lawmaker announced a trio of blockchain-focused bills Friday, saying he intends to introduce them into Congress in the coming weeks. The bills tackle a range of issues around the blockchain space, including development, miners and cryptocurrency-related taxes. […]
Litecoin (LTC) Remains Bullish Despite Concerns Over Value Proposition
Litecoin (LTC) has been the subject of heated debates in the crypto community regarding its value proposition. The number of people who used to believe in Litecoin (LTC)’s value as a project that contributes something of value to the crypto industry is on the decline. This is to be expected as Bitcoin (BTC) sets out […]
Which Of These Ethereum Killers Will Take The Top Spot?
We’re not suggesting that Ethereum will be crushed by it’s rivals, however it is worth thinking about. In a market that allows it, it’s not unrealistic to imagine Ethereum being knocked off it’s podium by one of it’s many competitors. This isn’t a bad thing of course, competition is healthy after all. The reason Ethereum […]
Major Russian Banks Highly Interested in ‘Working With Crypto,’ Local Sources Say
Several large Russian banks have expressed their strong interest in working with the industry of cryptocurrency and blockchain during a closed-door meeting held at the Moscow Exchange, sources told Russian news site RBC September 19. As an unnamed source familiar with the matter told RBC, the demand for cryptocurrencies in Russia is very high, but the banks are not […]
US Lawmakers ‘Strongly Urge’ IRS to Update Crypto Tax Guidance
A group of U.S. lawmakers has called on the nation’s Internal Revenue Service (IRS) to release comprehensive guidance for taxpayers earning gains on cryptocurrency investments or transactions. In an open letter sent to acting IRS commissioner David Kautter, representatives Kevin Brady, Lynn Jenkins, David Schweikert, Darin LaHood and Brad Wenstrup write that the agency has had “more […]