One of the foremost providers of virtual reality experiences, NexTech AR Solutions has made an announcement today, saying it made its initial investment in Bitcoin worth $2 Million. The company might also add more Bitcoin to its reserve in the coming years, following the statement. Evan Gappelberg, the CEO of NexTech, which also involves augmented…
Coinbase, one of the world’s largest crypto trading platform has declared its plan to quit trading of XRP on its platform. Coinbase Joins the Train This makes Coinbase the latest exchange firm to suspend trading of Ripple’s XRP. The negative downslide came for Ripple when US Securities and Exchange Commission accused the blockchain company of…
A report in Israel has stated that the Israeli Tax Authority has given a new order. It has ordered all Isreali residents to start disclosing all their crypto assets for proper taxation. Many Israelis who own digital currency have recently gotten warning from the ITA compelling them to completely disclose their crypto assets for taxation…
A Russia-based cryptocurrency exchange has become the latest firm to be hacked. LiveCoin has declared this week that it has been hacked and has lost hold over its services. The news first broke out via a recent report. Some cybercriminals distorted the firm’s order books and changed the rates to 10-15 times their real values. Livecoin’s…
Binance Korea, the South Korean arm of the crypto trading firm Binance has disclosed plans to shut down its operations. The announcement was made via its blogs this week. It mentioned that the decision was because of the declining liquidity and low trading volume of its BKRW trading pairs. The BKRW trading pair stablecoin is…
Crypto exchange firm FTX has declared that it has launched Coinbase Pre-IPO tokens (CBSE). The recent launch was a feature of its Tokenized Stocks product offering. The tokens have seen over $2 million participation and us currently being traded for $231. The tokens were promptly rounded up by brokers hoping to wager on a high…
Popular crypto exchange Huobi Group is making plans to return to the U.S. after its sudden exit more than a year ago. Huobi Tech, a Hong Kong-based publicly traded company obtained by Huobi Group CEO Leon Li has made an announcement. The crypto exchange has received a trust permit by the Nevada Financial Institutions Division…
The US Treasury Department has introduced new crypto KYC requirements. This is in a bid to help the nation to battle the likely inclusion of crypto assets in criminal operations. The crypto exchanges are needed to check the personality of the wallet owner if funds surpasses $3,000. As indicated by the official public release by…
Hardware wallet provider Ledger has reportedly suffered from another breach. The new data breach involved leaking of customer details on public domains. A client on crypto Twitter with the handle ‘Jimmy McShill’ (@JimmyMcShill) posted screen captures of documents that have been transferred to forums purportedly containing the full information of Ledger client’s messages, telephone numbers,…
Paxos, the first regulated blockchain framework platform, reported it has made $142 million in its Series C round of funding. The funding round was driven by the lead financial investor Declaration Partners, RIT Capital Partners, PayPal Ventures, and Investor Banker Ken Moelis. Past Paxos speculators additionally partook in the round. Some of them include; RRE…