Tag Archives: cryptocurrency

What’s Next in the Securities Case Against Ripple Over XRP

What’s Next in the Securities Case Against Ripple Over XRP

Monday will bring the next chapter of a long-running and closely watched lawsuit against Ripple. The plaintiff, Bradley Sostack, has until the end of the day to file a response to the startup’s Sept. 20 motion to dismiss. Assuming it isn’t dismissed in its entirety, the case, which seeks class action status, may move into discovery next […]

Fidelity Makes It Easy for No-Coiners to Invest in Crypto

Fidelity Makes It Easy for No-Coiners to Invest in Crypto

Following a limited launch last autumn, Fidelity Digital Assets is going all out in the hunt for institutional investors looking into cryptocurrency trading and custody solutions. Up until now, the platform was available only to select few investors on a trial basis. Among other perks, Fidelity’s cryptocurrency-focused services are expected to make it easier for […]

UAE Royal Family Acquires Stake In CPA200 Crypto Price Index

UAE Royal Family Acquires Stake In CPA200 Crypto Price Index

The Emirati royal family has taken a stake in the Crypto Price Index (CPI) project, a cryptocurrency analog of the Dow Jones Industrial Average that operates on the blockchain. The development comes as the royal family believes that volatile and uncertain digital asset markets need solutions which gauge industry-wide performance, CPI said in a Wednesday press release. “I am […]

Crypto Portfolio Will Analyze Twitter to Gauge Trader Sentiment

Crypto Portfolio Will Analyze Twitter to Gauge Trader Sentiment

The crypto market, known as one of the most rabid topics for discussion on Twitter, is getting a new tool to help gauge investor sentiment — using tweets. On Tuesday, the trading platform eToro launched a sentiment-based portfolio that uses AI tools to analyze Twitter for the latest positive or negative perceptions of digital assets. […]

Bermuda Now Accepts USDC Crypto for Taxes and Government Services

Bermuda Now Accepts USDC Crypto for Taxes and Government Services

Residents of Bermuda can now pay their taxes in cryptocurrency. The Government of Bermuda announced Wednesday it will accept payments in USD Coin (USDC) “for taxes, fees and other government services,” according to a press release by crypto finance startup Circle. USDC is a stablecoin pegged to the U.S. dollar launched a year ago by […]

The IRS Will Now Ask If You Own Crypto in the Most Widely Used US Tax Form

The IRS Will Now Ask If You Own Crypto in the Most Widely Used US Tax Form

The Internal Revenue Service (IRS) has updated the main form individual U.S. taxpayers use to report their income to include a question about cryptocurrencies. Following the release earlier this week of the IRS’s long-awaited guidance for reporting crypto-related income, the IRS on Friday circulated a draft of the new Form 1040, Schedule 1, Additional Income and Adjustments to […]

Bank of England Sets Out Rules for Libra Launch in the UK

Bank of England Sets Out Rules for Libra Launch in the UK

The Bank of England has finalized a set of principles the Facebook-led Libra cryptocurrency project must adopt before going live in the UK. Calling the payment network a potentially “systemically important payment system,” the BoE’s Financial Policy Committee released the October Financial Policy and Summary report this week. “The FPC judges that such a system would need […]

Bitcoin Price Sheds $500 Over Day, Drops Below $8,000

Bitcoin Price Sheds $500 Over Day, Drops Below $8,000

Bitcoin bears continue to be firmly in control as the first cryptocurrency’s price tumbled below $8,000 per coin for the second time this week. Beginning at 15:50 UTC, the Bitcoin Price Index capitulated at $8,095, shedding near $200 within a few minutes. Support at $7,900 lasted about one-half-hour before another downward price action sent the BPI around […]

Facebook’s Libra Pushes Back at Claims Project Is Threat to Financial Stability

Facebook’s Libra Pushes Back at Claims Project Is Threat to Financial Stability

The head of the Facebook-led Libra Association has responded to claims that the cryptocurrency project threatens nations’ financial stability. In interview with French daily Les Echos on Thursday, Bertrand Perez, the association’s managing director and COO, played down concerns over potential disruption to the monetary policies of central banks with currencies included in the Libra reserve – a […]