Disclose crypto transactions above $10K says US Treasury
The paper emphasized the possibility to disguise the government revenue from virtual currency and cash. The American Treasury department calls on companies to disclose to the Internal Revenue Service, who accept transactions of over $10,000 in cryptography. The transactions in US currency are equivalent to $10,000 and more. Virtual currencies and cash were identified as […]
Hybrid DEX/CEX exchange Cryptocurrencies AI raises $8 million, taps Binance liquidity
A feature-rich DEX hopes to lure traders in with new tools and liquidity via Binance. . Alameda Research’s latest investment is aiming to build some tricky bridges between decentralized and centralized systems. This morning, Cryptocurrencies.AI (‘CCAI’) announced an $8 million raise led by Alameda Research, DFG, Rarestone Capital, and half a dozen other funds. The […]
Top mining, metals firms test blockchain to trace cobalt for electric cars
Miners Glencore, CMOC, and Eurasian Resources Group, together with battery material supplier Umicore, are looking for ways to ensure the cobalt used for electric vehicles is traceable. Establishing responsible cobalt sourcing practices has become a major focus of attention for human rights groups, environmental researchers and others in recent years. In the Democratic Republic of […]
Bitcoin Creeps Back to $40,000 After Crypto Market Collapse
Bitcoin drifted close to the $40,000 mark and Ether bounced back in the early U.S. exchanging as financial backers attempted to sort out the accident that cleaned away billions and broke the idea of crypto as a developing resource class. Crypto markets are giving indications of recuperation after Wednesday’s sensational selloff. “You can’t hold a […]
Two More Binance Smart Chain Projects Report Incidents, Prices Plummet
Binance Smart Chain (BSC), ran by the crypto exchange giant Binance, has landed in hot water due to the incidents suffered by its projects – yet again. Yesterday it was Venus Protocol (XVS), and today Pancake Bunny (BUNNY). Venus is a project built by Binance, while Binance Labs backed MOUND, the team behind yield platform Pancake Bunny – both built on BSC. On May 19, […]