Zodia Custody gets FCA approval
The Financial Conduct Authority (FCA) has approved Zodia Custody to provide commercial services in the UK, the platform can now deliver commercial services as a crypto asset business. Standard Chartered’s SC Ventures and Northern Trust, a leading asset servicing provider , have teamed up to create Zodia Custody. It meets the needs of institutional investors […]
Compass mining partners with IRAs to create a new tax evasion strategy
Compass Mining a mining and hosting company based in North America has introduced a new tax evasion strategy for savvy crypto miners that register in the United States. Compass Mining announced on Thursday that it had teamed up with IRA provider Choice by Kingdom Trust to allow Bitcoin users to mine directly into their IRAs […]
Greenidge to use profits from Bitcoin mining to build a solar farm
Greenidge generator plans to expand the number of renewable energy sources available in New York by using profits from its Bitcoin mining procedure. Greenidge Generation, a bitcoin mining startup, plans to expand the number of renewable energy sources available in New York. Greenidge announced on Thursday that it would use the revenues from its Bitcoin […]
IMF intends to intensify digital currency monitoring
The fund will greatly expand to cover all aspects of digital currency and payments will become simpler, faster, less expensive, and more accessible, and they will transcend borders quickly. According to Reuters, the International Monetary Fund (IMF) intends to “step up” its oversight of digital currencies. This statement of intent, which was released in an […]
Russia’s NTI is developing digital inheritance tool
Russia’s National Technological Initiative (NTI), has announced that it is developing a digital inheritance tool, the tool enable secure storage of inherited digital possessions like Bitcoin using a cloud-based service. A group of Russian professionals is developing a new blockchain-based service that will allow users to pass on their bitcoin holdings or digital rights to […]