Facebook, now Meta, was one of the first large technology companies to support and enforce crypto, although its previous attempts of introducing the Libra cryptocurrency ended in failure, today, Facebook-owned Instagram has announced the rollout of anNFT feature to over 100 more countries. Facebook has historically faced a great deal of criticism for the way they…
Coinbase, the largest U.S. based crypto exchange, is slowly losing its appeal to customers as failures, data breaches, and expensive transaction fees all affect efficient trading on the platform. In a recent Twitter poll by a crypto analyst, Josh Rager, 66% of the 5000 votes+ cast said they would be willing to…
If you are a long-term cryptocurrency user, chances are that you are aware of the previous Visa-based digital currency cards that allowed holders to spend their crypto at POS card terminals, or to easily withdraw cash at any ATM. After a few years of activity, Visa decided to cancel all crypto-based cards. Now, recent reports indicate…
Cryptocurrency is rapidly moving into the mainstream financial space, and many of the largest crypto exchanges are seeking greater legitimacy and trust from regulators and politicians. Increasingly, these exchanges are enacting know-your-customer (KYC) protocols on their platforms, ostensibly to please these leaders. This move is fueling a heated debate among crypto advocates over the future…
The Internal Revenue Service (IRS) has sent communication to several market participants discussing backdated tax settlements in the digital asset trade. The IRS posted on its website that investors' federal returns differ from the information provided by cryptocurrency exchanges. As such, the agency is seeking traders' contribution on amended tax returns using profits from digital…
Crypto advocates have long asserted that anonymity is one of the most promising elements of distributed ledger technology. This issue is becoming far more significant as governments and regulators are now beginning to give serious examination to the blockchain space. What some see as one of the greatest strengths of cryptocurrency others consider both a…
Although impressive development has taken place across the blockchain space during the past few years, the ability to purchase crypto with fiat remains challenging. Despite growing interest from the public, purchase options are limited, as the process tends to be long, inconvenient, and expensive. More fiat onramps are opening, but regulatory hurdles continue to be…
Cryptocurrency adoption in India continues to accelerate, yet the nation’s central bank, the Reserve Bank of India (RBI), is holding firm on its stance against it. Recently the RBI issued a “Regulatory Sandbox” of promising fintech developments that it considers worthy of testing and exploration. The document expressly puts cryptocurrencies on a “negative list” of…
While being a relatively new player in the crypto ecosystem, Fidelity is going full steam ahead with overtaking this emerging market. Industry sources leaked this on March 29th, but now it's official, according to a press release issued by Fidelity Digital Assets on the 10th of April. Sandler is named Head of Sales and Marketing…
Crypto-related businesses continue to emerge across the globe, with entrepreneurs seeking to capitalize on the enormous development of the blockchain space. Despite their potential for success, access to banking and professional financial services remains one of the greatest challenges faced by these upstart companies. Most banks continue to be wary of working with cryptocurrency startups,…