Ireland Becomes Coinbase’s European Crypto Hub
The US-based cryptocurrency exchange Coinbase is expanding its presence in Europe and has formally designated Ireland as its preferred operational and regulatory European crypto hub. Coinbase has chosen Ireland as the location for its European Union subsidiary to comply with the Markets in Crypto-Assets Regulation (MiCA), the company announced on Oct. 19. With MiCA, which […]
India’s HPCL to Use Blockchain for Purchase Orders Verification
One of India’s largest oil and gas companies, Hindustan Petroleum (HPCL), is launching a blockchain system to facilitate automated verification of purchase orders (POs). The companies announced in a joint statement that the blockchain software company Zupple Labs and HPCL have partnered to incorporate HPCL’s blockchain-based digital credentialing technology into the purchase order system. LegitDoc […]
IRS Crypto Tax Reporting Rules Threaten Industry – Coinbase Legal Chief
Paul Singh Grewal, the chief legal officer of the crypto exchange Coinbase, urged the crypto community to join the movement against the proposed crypto tax reporting regulations by the IRS as it threatens the industry in general. Grewal urged the community to oppose the proposed regulations, which could set a hazardous precedent for surveillance because […]
Aptos Resumes Operations Following Network Outage
Layer-1 blockchain Aptos Network has resumed normal operations following a five-hour disruption that “impacted” network transactions. According to the AptoScan network tracker, on-chain transactions on the Move-based blockchain ceased at 23:11 UTC on October 18 at block 104621314. Aptos appeared to corroborate the outage on X (previously Twitter), stating: “Your energy for Aptos One was […]
Coinbase Introduces Perpetual Futures for non-US Clients
Coinbase Exchange has launched perpetual futures trading for its non-US consumers on Coinbase Advanced, with 5X Leverage and Regulatory Approval from the Bermuda Monetary Authority (BMA). Effective immediately, Coinbase Advanced consumers in non-US jurisdictions can trade four perpetual contracts: bitcoin (BTC), ether (ETH), litecoin (LTC), and ripple (XRP). These contracts are settled in USDC, which […]