Ten31, a FinTech arm of Germany-based WEG Bank, has partnered with Singaporean technology incubator Anquan Capital, with an eye towards working with blockchain for banking and financial purposes. No stated intent was finalized at press time, though Ten31 chief executive Matthias von Hauff said, “we...
Ledn Inc. has unveiled the rollout of a USD Coin (USDC) savings account with the help of Genesis, according to an announcement. Customers of Ledn will now have the ability to save and accrue interest in both bitcoin and USDC. Matt Ballensweig, vice president of...
The IRS is seeking to have contractors assist in auditing digital currency tax returns, according to a post on CryptoTrader.Tax‘s website. The agency reportedly wrote in an email sent to the platform that is is “engaging outside contractors to assist our Revenue Agents in calculating...
The Bank of Mauritius is progressing toward providing a central bank digital currency (CBDC) per its governor, CoinDesk reported. Harvesh Seegolam, bank governor, said at a virtual conference, “At the level of the Bank of Mauritius, we’re currently working on a project and very shortly...
U.S. Office of the Comptroller of the Currency (OCC) Chief Operating Officer Brian Brooks said he thinks digital currency firms could go under a federal licensing program in the event they offer what could be called payment services, CoinDesk reported. Brooks said at virtual conference,...
California lawmakers have introduced a bill that would attempt to more clearly define how cryptocurrency is meant to be treated, and definitively determine if it is an investment contract. According to the law, digital securities “presumptively not an investment contract” would not be subjected to...
Seattle-based digital currency ATM company Coinme has brought in a $5.5 million investment as it experiences rising interest in its network, GeekWire reported. The company was started in 2014 and has 28 staffers and over 3,500 locations throughout 27 states. Neil Bergquist, the company’s CEO,...
Irish bitcoin ATM operator Boinnex found itself facing roadblocks from Allied Irish Banks (AIB), which shut down its account and said it didn’t want to deal with an unregulated form like cryptocurrency, according to CoinDesk. That forced the entire operation to shut down for six...
TokenAnalyst is shuttering its operations, according to a Medium post. The TokenAnalyst team said it will no longer support the company’s application programming interfaces (APIs) and platform. The team said it would not “actively” work on TokenAnalyst any longer, but it noted that some of...
