Category: Cryptocurrency

Sequoia Holdings to pay employees in cryptocurrency

January 22, 2021

The software development firm now allows its employees to choose between crypto and fiat Sequoia Holdings, a software development and engineering firm, wants to get involved in the cryptocurrency universe after disclosing a proposal to partner with a third-party payroll processing firm. The partnership will allow employees to be paid, in part, in crypto and, […]

Tether, Bitfinex stall as they still face litigation in New York

January 21, 2021

The two ask for more time to pull together documents to fight the NY Attorney General The New York Supreme Court has recently received a request from iFinex Inc, the parent company of stablecoin issuer Tether (USDT) cryptocurrency exchange Bitfinex, asking to push back a court date even further. This 30-day extra period requested by […]

Scam app on Google Play has Trezor users confused

January 20, 2021

The Trezor cryptocurrency wallet has a Google Play doppelganger that is causing problems As it usually is with scams, one modus operandi is to create fake websites or even apps to cheat people and illegally take their money and/or personal information. Trezor, a major hardware cryptocurrency wallet supplier, isn’t immune to these scams. It has […]

CoinShares launches bitcoin exchange traded product in Switzerland

January 19, 2021

CoinShares, the leading digital asset management company, launched its crypto ETP (exchange traded product) today. The development gives investors an easy way to gain cryptocurrency exposure through a regulated asset class. The ETP, which is officially known as CoinShares Physical Bitcoin, now trades on the Swiss stock exchange SIX and is fully backed by bitcoin. […]

Biden’s choice to lead the SEC has a strong background in cryptocurrency

January 19, 2021

Gary Gensler is formerly of the CFTC and has extensive knowledge of digital currency President-elect Joe Biden has now disclosed some names to be nominated for different positions after tomorrow’s inauguration. According to a statement from Biden’s transition team on Monday, the position of Chairman of the Securities and Exchange Commission (SEC) will now be […]

NYPD explains how it uses cryptocurrency data analysis to fight crime

January 18, 2021

Cryptocurrency isn’t anonymous and law enforcement has figured out how to track it Cryptocurrency has now taken importance in the New York Police Department (NYPD), as it recently published a six-page document that drafts its use policy for every single transaction analysis. The goal was to explain how exactly the department is handling its investigations […]

Gemini to launch credit card that offers cryptocurrency rewards

January 15, 2021

The crypto exchange has acquired a company that will be able to facilitate its rewards program Cryptocurrency exchange and custody services company Gemini is going to introduce a Gemini Credit Card. The company expects to be able to draw a lot of attention to its new product, especially since it will offer a crypto-based rewards […]

Cryptocurrency platform Anchorage gets a federal bank charter

January 14, 2021

The Visa-backed firm is ready to help bring crypto to mainstream banking The cryptocurrency industry is slowly folding itself into mainstream banking. It’s not an easy task and isn’t going to happen overnight, but repeated and heightened interest in digital currency’s abilities is helping to shape the future of money. The latest example of the […]

Bitcoin owner about to lose $220 million

January 13, 2021

A crypto gift from ten years ago has turned into a nightmare for one computer programmer A little more than ten years ago, computer programmer Stefan Thomas was asked to make a video about cryptocurrency. In return, he was offered 7,002 Bitcoin (BTC), which, at that time, was only worth around $560. That was also […]

Bakkt becomes the latest to turn its back on Ripple

January 12, 2021

The cryptocurrency platform is set to go public soon, but won’t support XRP The Bakkt cryptocurrency platform is finally getting what it wants and is about to become a publicly-traded company. It has worked out a deal with VPC Impact Acquisition Holdings that will see it become available on public stock markets, and the recent […]

New York City bars set to make history being sold for cryptocurrency

January 11, 2021

A bar owner is calling it quits and is offering his two venues in exchange for Bitcoin or Ethereum One New Yorker has had enough of the issues caused by COVID-19 and is ready to throw in the towel. Patrick Hughes owns Hellcat Annie’s and Scruffy Duffy’s, two adjoining bars in the area known as […]

Coinbase cryptocurrency exchange snaps up Routefire

January 11, 2021

Coinbase announced today that it has reached a deal to buy Routefire, the leading trade execution infrastructure provider in the world of crypto. Coinbase is currently the biggest cryptocurrency exchange in the United States, although the company now serves customers in 32 countries. The acquisition isn’t without precedence as Coinbase has been plagued by outages […]

Coinbase users frustrated over frozen cryptocurrency funds

January 8, 2021

As BTC sees its highest price ever, some Coinbase users aren’t able to take advantage of the jumps Cryptocurrency trading platform Coinbase has had its share of customer-related issues over the years and seems to not yet fully grasp the concept of customer satisfaction. The latest embarrassment couldn’t come at a worse time, as a […]

IRS plans major crackdown on cryptocurrency tax evaders this year

January 7, 2021

The taxman is going to get tough on crypto holders who don’t report their assets The once-held belief that cryptocurrency wallets are virtually untraceable has already been proven a myth and no one is happier than the IRS. The taxman has more tools at its disposal to track and identify crypto wallet holders, with entire […]

New attack threatens cryptocurrency wallet holders

January 6, 2021

“ElectroRAT” is reportedly making its rounds and stealing crypto holdings Cryptocurrency enthusiasts have a new reason to be extra cautious with their wallets, especially as the top coins are seeing some of the best price increases ever. With Bitcoin hitting a new record, many wallets are fatter than ever, proving to be too enticing for […]

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