Investment Companies

In 2014, the IRS initiated cryptocurrency taxation guidelines, marking the onset of regulatory oversight. Notably, it wasn’t until 2019 that the IRS mandated the reporting of cryptocurrency investments on income tax returns. Since 2014, a core principle has endured: cryptocurrencies and blockchain-based digital assets are considered property, not currency, for U.S. tax purposes...

Legal & General Group Plc, a bidding asset management company (LSE:LGEN), has been rising and falling below the resistance line of 240 over time, keeping bearish channels to some reasonable extent. The market gapped down around the May trading session from the 250 resistance position, indicating the high line where the bearish channels had formed. […]

Inaugurated in 2018 by distinguished professors from Columbia and Yale, CertiK stands as a trailblazer in the realm of blockchain security. Leveraging state-of-the-art Formal Verification and AI technology, the platform is dedicated to fortifying and overseeing blockchains, smart contracts, and Web3 applications. What Is CertiK? CertiK is a platform that is dedicated to ensuring the […]

The initiation of snapshot voting marks a pivotal moment in the evolution of Arbitrum’s ecosystem, as it introduces the ‘Short-term Incentive Program’ proposal. This program seeks to allocate a substantial 75 million ARB rewards from the DAO treasury to further fortify the already active Arbitrum protocol. Notably, the highest-voted option, which advocates the allocation of...

In the 1970s, SWIFT revolutionized global payments, but its speed hasn’t kept up. International transactions still take days. Now, SWIFT is making a major move into crypto. Partnering with Chainlink, they’re experimenting with transferring tokenized assets across multiple blockchains and financial institutions. Swift is gearing up for a crypto future, aiming to create a unified...

Asia, led by the proactive initiatives of Singapore and Hong Kong, is swiftly becoming a hub for well-defined cryptocurrency regulations. Ong Chengyi, the Head of APAC Policy at Chainalysis, emphasized the similarity in both jurisdictions’ commitment to upholding rigorous regulatory standards and fostering a conducive atmosphere for digital asset enterprises. In sharp contrast, the...

In an exclusive announcement, OKX Group’s Commercial Director, Jimmy Lai, discloses that the company stands on the brink of securing a coveted cryptocurrency license in Hong Kong. With ambitious plans in mind, OKX Group is poised to draw a substantial wave of retail investors, targeting a range of 100,000 to 200,000 individuals in Hong Kong. […]

Welcome to the world of decentralized finance (DeFi), where financial services and tools, such as investments, lending, borrowing, trading, tokenized real estate, and insurance, are made available through decentralized websites. In contrast to traditional centralized finance, where banks and financial institutions typically act as intermediaries, DeFi operates on a peer-to-peer basis...

PayPal’s entry into the world of cryptocurrencies highlights two key points. Firstly, it underscores the urgency for major financial firms to embrace the crypto revolution. By introducing its own stablecoin, PayPal now provides over 400 million users with seamless access to digital assets, enhancing their ability to invest. Unlike opting for established stablecoins like Tether […]

A new social application based on cryptocurrency was launched on August 10, and since then it has gained rapid traction within the crypto Twitter community. The social application was named ‘Friend.Tech’, and it is exclusively available on mobile devices. It is built on or established on the recently introduced Layer 2 blockchain, known as Base. […]