The IRS has invited cryptocurrency groups to meet for a regulatory summit March 3 to discuss how the two can work together going forward, published reports said Tuesday (Feb. 18). The overall theme will be balancing taxpayer services with the IRS’ regulatory needs. The summit,...
FCoin has stopped all trading and withdrawal after it was revealed that the crypto exchange had a shortage of $130 million worth in crypto assets, CoinDesk reported Monday (Feb. 17). Zhang Jian, who launched FCoin, wrote a post about the issue Monday, explaining that the...
Binance Holdings has applied for an operating license in Singapore under the country’s new payments legislation, which aims to be a comprehensive regulatory agency for digital currencies. Binance o-founder and CEO “CZ” Zhao Changpeng said they applied “pretty fast” and that the local Singaporean authorities they...
U.S. Secretary of the Treasury Steven Mnuchin said Wednesday (Feb. 12) that the federal government would be rolling out new regulations regarding cryptocurrency at the Financial Crimes Enforcement Network (FCEN). He said that there had to be a balancing act — the tech should be allowed...
Circle Invest will be sold to Canada-based Voyager Digital by its current owner Circle Internet Financial, with Circle Invest gaining an equity stake in Voyager as a result. Common shares of 4 percent will be issued by Voyager to Circle Invest, and it will reimburse...
JPMorgan Chase’s marquee blockchain unit, Quorum, will merge with Brooklyn-based startup ConsenSys, according to sources familiar with the inner workings of the deal. The deal will be announced sometime within the first half of 2020, and financial terms were still unclear on Tuesday. There are...
In the U.S., President Trump’s Fiscal Year 2021 budget, sitting at $4.8 trillion as of this week, proposes expanding the Treasury Department’s oversight of cryptocurrency. The budget, released Monday (Feb. 10) seeks to do so by returning the U.S. Secret Service under its umbrella, rather...
SEC Commissioner Hester Peirce has proposed a three year “safe harbor” for digital token projects that would let them develop networks and build communities before they’re considered securities that need to be enforced, according to a report Thursday (Feb.6) by Coindesk. The proposed rule would...
Clear, a startup that wants to build blockchain for huge-volume transaction systems like telecommunications companies, has announced a $13 million Series A funding round, according to reports. The funding round was spearheaded by Eight Roads, with participation from Telefónica Innovation Ventures, Deutsche Telekom’s Telekom Innovation Pool,...
