Category Archives: Cryptocurrency News

SkyBridge acquired 38,400 tons of tokenized carbon credits

Investment firm SkyBridge Capital partnered with carbon provider MOSS Earth to acquire tokens representing 38,436 tonnes of carbon credits. SkyBridge announced the purchase of tokens this week, and company founder Anthony Scaramucci predicts that the BTC mining industry “will be powered by renewable energy by the end of the decade.” Scaramucci believes that offsetting carbon emissions offers an “effective” tool for the sector to reduce its ecological footprint: “Carbon offsetting is an effective way to…

Matrixport received $ 100 million in the next round of funding

The Chinese cryptocurrency platform Matrixport held a Series C funding round, which raised $ 100 million.The company’s capitalization reached $ 1 billion. Matrixport was launched in 2019 as a subsidiary of mining equipment manufacturer Bitmain. The platform quickly gained popularity and now Matrixport has assets of $ 10 billion. The company’s clients have access to a wide range of services, including digital asset trading, lending and fixed income products. In the spring of 2020, Matrixport…

PayPal continues to expand its cryptocurrency team

PayPal is seeking employees for multiple cryptocurrency-related positions in its offices in Ireland, further underscoring the firm’s ambition in the fast-growing digital asset market. Payment giant PayPal has begun assembling a small team in Ireland to support cryptocurrency-related initiatives, according to a local publication Irish Independent. PayPal is looking for employees for offices in Dublin and Dundalk. In particular, the company is interested in hiring specialists in the direction of compliance with regulatory requirements related…

Finnish Customs is holding a tender among brokers for the sale of confiscated BTC

The Finnish Customs Service will select cryptocurrency brokers to sell bitcoins and other cryptocurrencies seized from criminals worth more than $ 78 million. According to a statement from the Finnish Customs, the agency is looking for performers to sell cryptocurrencies confiscated for the benefit of the state from criminals, mainly drug dealers. Registration for participation in the tender for cryptocurrency brokers is open until August 30, 2021. “We ask interested operators to take part in…

US Traders Massively Use VPN to Bypass Cryptocurrency Derivatives Trading Bans

US Traders Massively Use VPN to Bypass Cryptocurrency Derivatives Trading Bans According to a study by Inca Digital, American cryptocurrency traders bypass geo-blocking sites of foreign trading platforms using a VPN. Traders from the United States easily bypass the restrictions of cryptocurrency exchanges that have closed access based on geographic IP subnets. To do this, they use virtual private networks (VPNs) that change their location to the country where digital asset trading is allowed. In…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Owners of cryptocurrencies will be obliged to report to the Tax Service In Israel

The Israeli Ministry of Finance has published a bill requiring investors to report to tax authorities when they own crypto assets worth over $ 61,000. The new bill, presented by the Israeli Ministry of Finance, is included in the draft Law on Regulations, which contains forthcoming amendments to economic policy and is submitted to parliament along with the annual budget. Under the “enhanced oversight” section of the proposed bill for virtual currencies, the reporting requirement…

State Street Bank Launches Cryptocurrency Services For Private Clients

State Street, one of the oldest American banks, has partnered with New York-based Lukka to launch cryptocurrency services for individual clients. Lukka will act as a data and software provider. In addition to the Lukka toolbox, the bank will also use its own solution for managing information about digital assets, as well as data on their rates. Nadine Chakar, Head of Cryptocurrencies at State Street, said the bank is not seeing a decline in the…

US Congress: “the digital dollar should not be a tracking tool for citizens”

US lawmakers discussed the benefits of the digital dollar. They concluded that the state digital currency should not violate the privacy of citizens. At a conference organized by the Subcommittee on National Security Services, International Development and Monetary Policy, Congressmen discussed the risks and opportunities of the digital dollar. Some US lawmakers have called on the US Federal Reserve (FRS) to speed up its development. Despite the fact that countries are at different stages of…

Mastercard Selected Seven Cryptocurrency Firms to Participate in the Start Path Accelerator

Payment giant Mastercard has selected seven cryptocurrency startups to participate in the Mastercard Start Path program. It aims to support cryptocurrency and blockchain firms. Participants in the six-month program will include Uphold trading platform, Israeli crypto custody firm GK8, American investment platform Domain Money, oracle developer SupraOracles, blockchain infrastructure provider STACS, fintech company Taurus, and Mintable, a platform for issuing and trading non-fungible tokens. The management of Mastercard noted that companies working with cryptocurrencies became…