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“# Investment app Betterment still not ready to offer crypto services, says CEO ” Betterment, a major financial advisory company providing robo-advising and cash management services, has not yet decided whether it will introduce cryptocurrencies to its platform. Betterment is still researching a potential expansion of its services to inclue digital assets like Bitcoin (BTC),…
“# Former US treasurer joins Ripple board ” Rosa Gumataotao Rios, the 43rd treasurer of the United States, will be joining Ripple’s board of directors. In an announcement from Ripple today, the company said Rios, who served as the U.S. treasurer from 2009 to 2016 under President Barack Obama, will be the newest member of…
“# Bitstamp announces US expansion after 570% increase in customers ” One of the oldest exchanges in the crypto space recently announced that it would be ramping up efforts to reach more users in the United States. In an announcement from Bitstamp today, the crypto exchange said it would be launching a marketing campaign in…
“# Blockcap plans to have 50K Bitcoin miners operational by 2023 ” One of the largest crypto mining firms in North America said that it has acquired an additional 8,000 rigs and begun mining other cryptocurrencies. In an announcement from Blockcap today, the mining firm said it planned to have more than 50,000 mining rigs…
“# Employer paid worker in crypto, then demanded it back when price rose ” A United States-based business development specialist has claimed that a company that paid them for contract work using cryptocurrency now wants them to return the tokens following a significant rally in the asset’s price. According to a letter sent to Quentin…
“# Biden’s capital gains tax plan to pull crypto down to earth from the moon? ” There are often multiple causes for an asset’s sharp decline, but Bitcoin’s (BTC) 10% “nosedive,” which took place on April 22, may be blamed on the Biden Administration’s reported plan to tax capital gains at double the current rate…
“# SEC enforcement chief steps down just days after appointment ” The United States Securities and Exchange Commission new enforcement chief, Alex Oh, has resigned from her position with the Securities and Exchange Commission just days after taking the role. According to an official SEC announcement, Oh stepped down for personal reasons. However, in Oh’s…
“# PayPal crypto partner Paxos raises $300M ” Paxos, a major cryptocurrency company and PayPal’s crypto collaborator, has completed a massive fundraising round shortly after receiving preliminary approval to form a national trust bank. On Thursday, the firm announced a new $300-million Series D funding round bringing Paxos’ valuation to $2.4 billion. The new funding round…
“# County in New Jersey makes 250% profit from crypto seized in 2018 ” A county in the state of New Jersey has announced the liquidation of cryptocurrency assets seized in 2018. On Monday, the prosecutor’s office in Monmouth County announced that the confiscated crypto —initially valued at $57,000 at the time it was seized —…
“# Ransomware task force calls for aggressive Bitcoin transaction tracing measures ” Government and industry have teamed up to fight a major increase in ransomware, with a newly formed ransomware task force calling for new measures to more aggressively trace Bitcoin and crypto capital flows. The task force includes law enforcement including FBI and U.S….