Search Results for "transactions"
US Treasury Department Proposes New KYC Requirements for Cryptocurrency Transactions
The U.S Treasury Department has released a notice concerning a new rule that would require money services businesses and banks to verify identities, keep records, and submit reports of users holding crypto assets in unhosted wallets.
Alameda Research's FTX Tokens worth millions transferred
Many think the latest money transfer is part of the bankruptcy process, with officials liquidating funds to repay creditors.
Australian Government Explores the Viability of Blockchain For Land and Property Conveyancing Transactions
The Australian government is piloting a blockchain database to find out its viability on conveyancing transactions.
Luxembourg: The FinTech Hub For Cross Border Asset Management
Luxembourg for Finance (LFF) is a public-private partnership that acts as the agency for the development of the financial center of the small nation.
CoinsPaid Total Transaction YTD Tops €16B despite Crypto Winter
Cryptocurrency processing platform CoinsPaid has shared an update on its performance in Q3, revealing it saw a two times growth in its transaction volume when compared to the same period of last year.
Fantom Foundation Lowers Staking Threshold to 50,000 FTM
Fantom Foundation has reduced its validator staking requirement from 500,000 FTM to 50,000 FTM, aiming to boost network security and accessibility, following a June 2023 governance vote.
Bitcoin Network Transacts a Whopping $8.9 Billion in a Single Hour
The Bitcoin network has reached an unprecedented level in terms of chain volume as it transacted 8.9 billion in one hour. Rafael Schultze-Kraft, Glassnode’s co-founder, ascertained that this movement made history because it was the highest hourly volume of Bitcoin to be recorded in its 11-year existence.
IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions
The US IRS has introduced Form 1099-DA for cryptocurrency brokers to report digital asset transactions, aiming to improve compliance and ensure accurate tax reporting from digital assets starting January 1, 2025.
Australian Banks Ordered to Report Crypto Transactions
The Australian Prudential Regulation Authority (APRA) has ordered local banks to report on cryptocurrency transactions amid concerns over the contagion of recent banking collapses, including that of Silicon Valley Bank (SVB). The regulator is seeking more information and insight into banking exposures to crypto assets and associated risks.
European Central Bank Considers Rolling Out Blockchain-Powered Bank Transactions
The European Central Bank (ECB) seeks to be ahead of the game by studying how blockchain-based bank transactions will enable more money control even if lenders change to distributed ledgers.
On-Chain Transactions Above $10 Million Skyrocket on the Bitcoin Network
More large accounts or organizations are taking part in the Bitcoin network as on-chain transactions above $10 million have gone through the roof.
Uniswap Expands Mobile Footprint with Android Wallet Launch
Uniswap has launched a beta version of its mobile wallet for Android on October 12, following the successful iOS app release in April. The Android wallet facilitates easier swaps on various chains without manual network switching, offers robust swap protection against frontrunning, and ensures a transparent fee structure for its users. The launch, part of a broader trend among decentralized exchanges, signifies the growing emphasis on mobile platforms in DeFi.