Vodafone, Chainlink to Support Global Trade Processes
According to an announcement, Vodafone’s Digital Asset Broker (DAB) has demonstrated blockchain can be used for trade. In partnership with Chainlink Labs and other partners, Vodafone’s Digital Asset Broker (DAB) has presented a proof of concept that addresses the intricacies of the $32 trillion global trade environment. In order to solve inefficiencies in the $32 […]
Ripple Partners with Uphold to Enhance Cross-Border Payments
The blockchain-based digital payment network Ripple announced its collaboration with Uphold in a news statement on October 24. According to reports, the cooperation will give Ripple better crypto liquidity capabilities. In the news release, uphold CEO Simon McLoughlin stated that he is excited to play a significant role in supporting Ripple’s cross-border payment service for […]
FTX in Talks With Three Bidders to Restart Crypto Exchange
Three bidders are back in negotiations with FTX Trading Ltd. to restart the defunct cryptocurrency exchange. Bloomberg reports that a decision on the exchange’s revival will be made by mid-December. Investment banker Kevin M. Cofsky of Perella Weinberg Partners, representing FTX, stated in a Wilmington, Delaware court proceeding that the company is discussing specifics of […]
IRS Extends Period for Comments on Tax Framework
The Internal Revenue Service (IRS) has said that it would accept comments until January 25, 2024, regarding the rules for crypto tax reporting. Published on October 19, the proposed rule seeks to put into effect the terms of the American Families Plan Act of 2023, which President Joe Biden signed into law in August. According […]
BlockFi Emerges From Bankruptcy, Opens Wallet Withdrawals
BlockFi announced on Oct. 24 that it has emerged from bankruptcy and can now enact the various parts of its bankruptcy plan, including a wind-down. BlockFi, a troubled Bitcoin lending platform forced to cease withdrawals when FTX failed, has announced that it will emerge from bankruptcy faster than planned and that its bankruptcy plan will […]