Day: February 6, 2023

Visa Seeking to Build ‘Muscle Memory’ to Stablecoin Settlements

Recently, the payment giant has been testing different ways to get over the existing obstacles and check if it will be able to accept settlement payments made using stablecoins on the Ethereum (ETH) blockchain. American multinational financial services company Visa Inc (NYSE: V) is planning to keep its focus on the crypto industry, paying more attention to stablecoin settlements. At the Starkware Sessions 2023, Visa’s Vice President and Head of Crypto Cuy Sheffield shared the company’s crypto vision. According to Sheffield, Visa’s ultimate goal is to enable its customers to convert digital assets…

Binance Exchange Floats New Tax Return Reporting Tool

The launch of the Binance Tax product in France has tagged a stepping stone for the service that will soon be made available in other countries around the world. The Binance exchange, the world’s largest crypto brokerage firm by trading volume, has announced the launch of its Binance Tax product to help simplify the process of filing tax returns for its customers. Per a Press Release shared with Coinspeaker, the Binance Tax tool will first be available to customers in France before it is eventually rolled out to other customers…

Interpol wants to police metaverse crimes, reveals secretary general

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The International Criminal Police Organization (ICPO), or Interpol, is investigating how it could police crimes in the metaverse. However, a top Interpol executive believes there are issues with defining a metaverse crime. According to BBC, Interpol Secretary General Jurgen Stock revealed the agency’s intent to oversee criminal activities on the metaverse. Stock highlighted the ability of “sophisticated and professional” criminals to adapt to new technological tools for committing crimes. The move to police the metaverse comes nearly four months after Interpol launched its own metaverse in October 2022 at the 90th Interpol…

Is BTC price about to retest $20K? 5 things to know in Bitcoin this week

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Bitcoin (BTC) starts the second week of February in a newly bearish mood as multimonth highs fail to hold. In what may yet bring vindication to those predicting a major BTC price come down, BTC/USD is back under $23,000 and making lower lows on hourly timeframes. Feb. 6 trading may not yet be underway in Europe or the United States, but Asian markets are already falling and the U.S. dollar is gaining — potential further hurdles for Bitcoin bulls to overcome. With some macroeconomic data to come from the Federal…

South Korean regulator provides guidance on security tokens

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South Korea established guidance that specifies which types of digital assets will be considered and regulated as securities in the country. In a press release, the Financial Services Commission (FSC) highlighted that digital assets that fit the characteristics laid out in the country’s Capital Markets Act will be treated as securities. This law considers securities as financial investments where investors are not required to make additional payments after their original investments. In addition, the FSC also provided examples of which digital assets will most likely be classified as securities. According…

Binance Tax launched to prepare crypto users for the tax season

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For many countries, the tax season is right around the corner, which means companies in the crypto industry will need to be ready to help their users comply with local regulations. On Feb. 6,  crypto exchange Binance announced it is launching a tax reporting tool to help users stay on track of their crypto transactions for tax reporting purposes. According to the announcement, Binance Tax lets its users download a tax summary report which includes any gains or losses which have occurred throughout the year in their Binance account. This…

Starkware Plans to Open Source Key Tech Linked to Starknet Prover – Bitcoin News

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At the Starkware Sessions 2023 event, held at the Cameri Theatre in Tel Aviv, Israel, Starkware co-founder Eli Ben-Sasson informed the audience that the company intends to open source “key tech” linked to the Starknet Prover. During the event, the co-founder of the Ethereum scaling project stated that this marks a “significant step for scaling Ethereum and cryptography.” Starkware to Open Source Key Component of Ethereum Scaling Project The Ethereum scaling project, Starkware, has declared that the team intends to open source the component of Starknet known as the Starknet…

NAB Introduces Stablecoin on Ethereum (ETH), Bitcoin (BTC) Gains Traction and Orbeon Protocol (ORBN) Continues Presale

Place/Date: – February 6th, 2023 at 5:28 am UTC · 3 min read Source: Orbeon Protocol National Australia Bank (NAB) has announced the launch of a stablecoin on the Ethereum (ETH) blockchain. This move comes as Bitcoin (BTC) continues to gain mainstream acceptance and Orbeon Protocol (ORBN) continues its presale, moving into phase 5 with a token price of $0.06. Ethereum (ETH) Created in 2015 by Vitalik Buterin, Ethereum (ETH) is an open-source blockchain platform that allows developers to create and deploy decentralized applications (Dapps). Ethereum (ETH) stands out amongst…

Altcoin Daily To Produce And Star In New ‘Shark Tank Of Crypto’ TV Show, Killer Whales

Aaron and Austin Arnold, better known as “Altcoin Daily”, have partnered up with HELLO Labs to produce and star in the upcoming crypto TV show, Killer Whales. Scheduled for release later this year, the show sees founders from across the globe travel to Hollywood to pitch their crypto and NFT projects in front of the Killer Whale judges in hopes of bathing in the green light of success. Boasting a combined social media reach of 2.6 million and a vast network of industry contacts including Mark Cuban, Michael Saylor, and…