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“# Tiger King star and convicted animal abuser to launch NFT from prison ” The nonfungible token industry isn’t over yet as “The Tiger King” star Joe Exotic is set to launch his own NFT drop from prison with some external assistance. New York-founded cryptocurrency club More announced Tuesday its foray into the celebrity NFT…
“# Within five years, US hedge funds expect to hold 10.6% of assets in crypto ” A new survey of 100 chief financial officers at hedge funds worldwide has indicated that the sector is planning a significant increase in its exposure to crypto assets in the near term. The survey, conducted by Intertrust, suggests that…
“# ‘Bitcoin is not an asset that is designed to be leveraged’ says Caitlin Long ” All eyes are on Bitcoin (BTC), as the largest cryptocurrency shot up past $40,000 on June 14. Unsurprisingly, the price increase happened shortly after Tesla CEO Elon Musk tweeted that the electric-car company would potentially accept BTC payments once…
“# Ridiculed no longer? US Space Force will launch NFT line ” The United States Space Force, a branch of the armed forces created under the previous administration of Donald Trump, is releasing a series of nonfungible tokens, or NFTs. In an announcement on Monday, the U.S. Space Force (USSF) said it had partnered with…
“# Is there a right way to regulate crypto? Yes, and this is how ” Cryptocurrency is becoming increasingly mainstream. Between the entrance en masse of traditional financial institutions — from investment funds, to banks, to insurance companies — to the multitrillion-dollar market capitalization, crypto is truly unignorable. As such, it is also increasingly on…
“# More IRS crypto reporting, more danger ” The United States Internal Revenue Service classifies crypto as property, meaning you can trigger taxes every time you use crypto to buy something. You might be using it to pay for a Tesla electric vehicle — oh, sorry, that’s not possible anymore — a cup of coffee…
“# Texas regulator allows state-chartered banks to hold Bitcoin ” A Texas state regulator has officially affirmed that Texas state-chartered banks are allowed to store cryptocurrencies like Bitcoin (BTC) for their customers. The Texas Department of Banking, a state regulatory agency chartering state banks and supervising financial services, issued a notice on Thursday stating that local…
“# Multi-trillion asset manager State Street launches digital currency division ” Multi-trillion dollar asset manager, State Street Corporation, has become the latest financial institution to announce the launch of a dedicated digital finance division. State Street, the second-oldest continually operating bank in the United States, announced the move on Thursday, June 10, highlighting the division’s…
“# The global corporate tax rate: crypto savior or killer? ” At a meeting in London earlier this month, the finance ministers from the G7 — the United States, Japan, Britain, Germany, France, Italy and Canada — unanimously agreed to begin creating the framework for a global corporate tax rate. The framework laid out a…
“# The female speakers who made an impact at Bitcoin2021 in Miami ” Dubbed as “the largest Bitcoin event in history,” Bitcoin 2021 consisted of 12,000 attendees from across the globe. Undoubtedly, Bitcoin (BTC) adoption is growing at an impressive rate. Yet judging by the attendance at Bitcoin 2021, men still appear to be the…