By Wayne Duggan, The boom in initial public offerings that started in 2020 has accelerated in 2021, thanks in part to record stock prices. Traditional IPOs have raised $96.3 billion as of mid-August, up 155.3% compared with a year ago. There have been 277 IPOs so far in 2021, blowing past 2020’s full-year total of[…]
By Krill Bryanov The three officials tapped by the Biden administration for CFTC roles come with promising crypto credentials, but can they live up to the promise? On Sept. 14, United States President Joe Biden revealed his picks to fill two vacant seats at the United States Commodity Futures Trading Commission (CFTC). In addition, the president nominated[…]
By Gregory Bilecki One of the biggest recent developments – and currently flying under most people’s radar — is the new regulations from the inter-governmental Financial Action Task Force (FATF) that have been imposed upon crypto exchanges globally. The new regulations require relinquishing certain customer data on any transaction involving 1,000 USD/EUR or more. These[…]
By MARCY GORDON, A lot right now in the U.S. Congress. One way lawmakers propose to pay for the $1 trillion infrastructure bill the Senate approved Tuesday is by imposing tax-reporting requirements for cryptocurrency brokers, the way stockbrokers report their customers’ sales to the IRS. It could open the way for tighter regulation of cryptocurrency[…]
By Claire D. What Makes NFTs So Popular? NFTs were created way back in 2015 as people wanted to trade assets and later on collectibles different from bitcoin. But, the main wave of popularity came when cryptopunks and cryptokitties emerged in late 2017. After the introduction of cryptokitties, NFTs started making the headlines. It became immensely popular and stopped[…]
From Zero Hedge Update (2023ET): The Crew Dragon capsule separated from the second stage, and the Inspiration4 mission is now circling Earth with the first-ever private space crew. Inspiration4 is expected to orbit around Earth for three days at an altitude of 360 miles, or about 150 miles higher than the International Space Station. Here are some[…]
By MacKenzie Sigalos The U.S. government regularly holds auctions for its stockpile of bitcoin, ethereum, litecoin and other cryptocurrencies it seizes and then holds in crypto wallets. It really kicked off with the 2013 takedown of Silk Road, a dark web marketplace trading in illegal goods, where bitcoin was often used for payment. Interviews with[…]
By Anthony Cuthbertson PayPal has announced that UK customers will be able to trade bitcoin and other cryptocurrencies from this week.The online payments giant will allow users to buy, sell and hold bitcoin, bitcoin cash, Ethereum (ether) and litecoin, as well as track prices and access educational content about the crypto space.The announcement has helped boost an already-resurgent cryptocurrency market,[…]
By Vildana Hajric No financial market wants scammers breaching the walls. But now is a particularly bad time for cryptocurrencies to be showing vulnerability to mischief. A significant spike in Litecoin followed quickly-debunked headlines that Walmart Inc., the world’s largest retailer, had agreed to accept the cryptocurrency as a payment mechanism at its stores.[…]
By LUKE CONWAY What Are Cryptocurrencies? Before we take a closer look at some of these alternatives to Bitcoin, let’s step back and briefly examine what we mean by terms like cryptocurrency and altcoin. A cryptocurrency, broadly defined, is virtual or digital money that takes the form of tokens or “coins.” While some cryptocurrencies have ventured[…]