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“# Decentralization is the final frontier for CBDCs ” As central bank digital currencies, or CBDCs, continue to garner mainstream traction across the global financial landscape in recent years, almost all central banks are actively researching the benefits and risks of offering a digital currency to the public. In its most basic sense, a CBDC…
“# NFTs and US taxes: What you should know ” Seems like we now all have stories starting with, “What I did during the pandemic…” Most begin with cleaning out the closet and, hey, guess what? That’s where my story starts, but I bet you can’t guess where it ends! Let’s start with what I…
“# Tether gets Coinbase’s seal of approval, will list on pro offering ” The United States’ largest cryptocurrency exchange, Coinbase, is listing Tether (USDT) on its professional trading platform. According to a Thursday announcement, Coinbase Pro has enabled USDT deposits ahead of the trading launch scheduled for Monday. The company said that trading will begin…
“# Jackson, Tennessee follows Miami’s lead to adopt Bitcoin operations ” Jackson, Tennessee is the latest city in the United States moving to adopt Bitcoin (BTC) payments and mining, following recent crypto developments in Florida. Jackson Mayor Scott Conger announced Wednesday that the city is actively exploring the option to pay its employees in cryptocurrency…
“# Coinbase hires former Google Pay exec to lead India operations ” Coinbase, a major cryptocurrency exchange that went public on Nasdaq earlier this month, continues to actively expand in India with a new hire. The cryptocurrency exchange has hired Pankaj Gupta, a former Google Pay engineering lead in India and Asia Pacific, as the…
“# Expert explains why Britain needs a digital pound ” The United Kingdom Chancellor of the Exchequer announced the launch of a CBDC task force this week, bringing together the Bank of England and Her Majesty’s Treasury to coordinate the exploration of a potential central bank digital currency. Depending on the feedback received from various areas…
“# Ohio senator wants clarity for crypto tax reporting in proposed bill ” A Republican lawmaker from Ohio is preparing legislation that would reportedly be aimed at preventing U.S. citizens from evading taxes on their crypto earnings. In an interview with CNBC’s Squawk Box today, Senator Rob Portman said he hoped to introduce a bill…
“# Governments can stop Bitcoin by shutting down mining, says Electric Capital exec ” Electric Capital co-founder and partner Curtis Spencer implied that the Bitcoin network may owe its continued existence to the grace of world governments. In a panel at the Collision web summit on Tuesday, Spencer said lawmakers are the ones giving Bitcoin…
“# UAE employs blockchain tech for remote litigation services ” The government of the United Arab Emirates will employ blockchain technology for use in its judicial notarization and authentication services, it announced on April 19, according to the Emirates News Agency. The adoption of blockchain tech is expected to cut down on the time, effort…
“# Bahamas ranked first for retail CBDC development, according to PwC ” A new ranking of global central bank digital currencies, or CBDCs, places the Bahamas at the top of the leaderboard in terms of retail applications – offering an important glimpse in the race to issue government-backed cryptocurrencies. In its 2021 CBDC Index, global…