Tag Archives: virtual currencies

Crypto trading and lending platforms should offer customers similar protections to exchanges, warns SEC Chairman Gary Gensler

Posted: July 28, 2022 1:03 PM ET Crypto trading and lending platforms should offer customers similar protections to exchanges, warned Gary Gensler, chairman of the U.S. Securities and Exchange Commission. Gensler made the comments after several major crypto companies crashed as the price of digital assets plummeted. Earlier this month, digital asset broker Voyager Digital… Read More »

The Crypto Market Looks Like the Nasdaq in the Early 2000s. Here’s Why

Good morning! Welcome to Distributed Ledger, our weekly crypto newsletter that hits your inbox every Thursday. I’m Frances Yue, a crypto reporter at MarketWatch, and I’m going to walk you through the latest in this bear market. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover.… Read More »

Tax Free Crypto Payments? Senators propose bill for transactions under $50

A new bill proposed by two US senators would make cryptocurrency transactions for less than $50 tax-exempt. The Virtual Currency Tax Fairness Act of 2022, which was proposed by Republican Senator from Pennsylvania Pat Toomey and Democratic Senator from Arizona Kyrsten Sinema, has the stated goal of “simplifying the use of digital assets for everyday… Read More »

Tax Free Crypto Payments? Senators propose bill for transactions under $50

A new bill proposed by two US senators would make cryptocurrency transactions for less than $50 tax-exempt. The Virtual Currency Tax Fairness Act of 2022, which was proposed by Republican Senator from Pennsylvania Pat Toomey and Democratic Senator from Arizona Kyrsten Sinema, has the stated goal of “simplifying the use of digital assets for everyday… Read More »

The Fintech Files: Moelis bites on blockchain, UK crypto cops grow teeth

Ken Moelis, the billionaire former chairman of UBS, is no stranger to the turbulent world of crypto. He has a personal investment in Paxos, a blockchain company, and last year likened the industry to the California Gold Rush of 1848. Now he has likened the digital asset industry to another formative moment in business –… Read More »

Crypto miner Bitzero to buy former North Dakota missile site for data center

BISMARCK, ND — A crypto mining company plans to redevelop an anti-ballistic missile site in northeastern North Dakota abandoned in the 1970s into a data center that could be used for bitcoin mining and other digital currencies, Governor Doug Burgum announced on Monday. Bitzero Blockchain Inc., which is backed by strategic investor and “Shark Tank”… Read More »

Crypto miner Bitzero to buy former North Dakota missile site for data center

Posted: July 25, 2022 6:38 PM ET BISMARCK, ND — A crypto mining company plans to redevelop an anti-ballistic missile site in northeastern North Dakota abandoned in the 1970s into a data center that could be used for bitcoin mining and other digital currencies, Governor Doug Burgum announced on Monday. Bitzero Blockchain Inc., which is… Read More »

Celsius clients write pleas to bankruptcy court to get the crypto back: “It’s an emergency, just to keep a roof over my family and food on their table.”

Some clients of the Celsius Network crypto lender, which filed for bankruptcy earlier this month, wrote to the bankruptcy court for the Southern District of New York, hoping to get their funds back. As digital assets plummeted, Celsius, which said it had more than 1.7 million users in June, has halted withdrawals since June 12.… Read More »