Business It’s the first outside investment for the electronic trading giant, which is now valued at roughly $22 billion. By Tanzeel Akhtar Jan 11, 2022 at 2:36 p.m. UTC Updated Jan 11, 2022 at 2:36 p.m. UTC Citadel Securities chairman Ken Griffin (Michael Kovac/Getty Images) Source
Digital currencies had a phenomenal year, and a great deal of the crypto assets in existence reached all-time high (ATH) prices against the world’s fiat currencies. However, the same digital currencies that tapped ATHs last year are currently down a great deal in value, as numerous cryptocurrencies have lost 30% or more since 2021’s price highs. Crypto Values Are Lower Than Last Year’s Price Highs 2021 was a good year for crypto assets as numerous blockchain networks swelled in fiat value as billions upon billions were added to the alternative…
Sam Bankman-Fried, the founder and CEO of crypto exchange FTX, reportedly called out regulators to create a single framework for digital assets in the Asian Financial Forum, an event organized by Hong Kong’s government to highlight new opportunities within the region’s economic landscape. The businessman pointed out that instead of focusing on determining whether assets are securities or not, regulators must focus on consolidating the regulations and creating a rule book on crypto. Bankman-Fried also noted that a framework that focuses on disclosure and the prevention of fraud may be more…
It seems as though the potential benefits of cryptocurrency are often overshadowed by the technology’s inherent vulnerability to exploitation. And it’s true, crypto adoption does come with risks. Over the past year, governments from around the world have raised concerns that crypto could be used to finance terrorism or other illicit activity like money laundering. There have been prohibitive measures everywhere from China to Nigeria, with many crypto exchanges forced into a legislative chokehold. While crypto has its challenges, it has also become a tool for policymakers and activists wanting…
press release PRESS RELEASE. Tortola, BVI, 10 Jan 2022: Anyone who has been paying attention to the world of NFTs (non-fungible tokens) will know that people love investing in cartoon-themed initiatives. Whether it be the immensely popular canine-oriented cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB), or perhaps even well-known NFT collections like The Bored Ape Yacht Club (TBAYC), the fact remains that as far as investing is concerned nowadays, toons continue to play an important role. With that being said, ‘TooNFT’, a blockchain-oriented webtoon platform, recently made it known…
Crypto tax compliance firm TaxBit is working to unite major industry companies like Coinbase and Binance.US within one network to enable free 2021 tax forms for users. The crypto tax software provider on Tuesday launched the TaxBit Network, a certified network aiming to democratize crypto tax calculations and tax forms by providing necessary tax reporting data to all network users for free. The TaxBit Network at launch includes about 20 major crypto-related businesses in the United States, including firms like PayPal, Binance.US, Coinbase, FTX.US, Gemini, Celsius Network, Blockchain.com, Venmo, Paxos,…
The e-commerce space is large and within it, crypto has been slowly finding a home. All around the world, merchants are integrating ways for customers to pay with cryptocurrencies on their websites to meet growing demand. This is why Uquid, a large e-commerce website, has partnered with Binance Pay to enable its customers to pay with crypto. Uquid hosts a range of products from electronics to games to apparel, etc. The website is an all-in-one marketplace similar to Amazon where shoppers are able to get all of their shopping needs…
The idea of a digital U.S. dollar had an early behind-the-scenes advocate inside the Trump administration in the president’s son-in-law, newly unearthed documents show. On May 28, 2019, Jared Kushner, special adviser to the president and Ivanka Trump’s husband, emailed Treasury Secretary Steven Mnuchin. The message included a link to a blog post by Sam Altman, former head of Y Combinator, the Silicon Valley startup incubator. The title of the post: “U.S. Digital Currency.” “Steven – Would you be open to me bringing a small group of people to have…
Binance, the world’s largest cryptocurrency exchange, is putting more effort into increasing compliance in the Commonwealth of Independent States (CIS), Russia and Ukraine. Binance is planning to extend its operations in the region and boost local cryptocurrency compliance and education, Gleb Kostarev, Binance’s head of operations for Russia and the CIS, told Cointelegraph on Tuesday. The company additionally expects to focus on the local Binance Smart Chain (BSC) development and community, he noted. As part of the effort, Binance announced several local hires, including Olga Goncharova, Binance’s new director of…
Fintechs account for nearly two-thirds of the $4.9 billion that was raised by African technology firms during the past year. Fintech groups also dominate in terms of funding that exceeds $50 million, with a 40% share of the total number of tech firms. The Covid-19 Factor Out of the $4.9 billion in funding that was raised by African technology companies in 2021, almost two-thirds of this went to fintech companies, data from a new report has shown. In terms of deals wherein the capital raised exceeded $40 million, fintechs accounted…