Business

FTX to Seek $1.5B in New Funding Round at $32B Valuation: Report

The company’s CEO Sam Bankman-Fried will ask investors to purchase shares in its U.S. affiliate, FTX.US, at an $8 billion valua...
December 4, 2021
12

Things to know (and fear) about new IRS crypto tax reporting

The Infrastructure Investment and Jobs Act (H.R. 3684) put crypto in the crosshairs, where Congress and the Internal Revenue Se...

Blockchains need to move toward standards for interoperable asset transfers

Cross-chain asset transfer has been around for several years. The concept developed almost as soon as multiple blockchains were...
December 4, 2021
15

2021 ends with a question: Are NFTs here to stay?

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emergin...

Money at the Speed of Thought: How ‘Fast Money’ Will Shape the Future

Around 2008, an ambitious startup decided to dig a tunnel from Chicago to New York. It would be an arduous and expensive task, ...

Yellen clarifies anti-money-laundering reporting rules for DeFi

In written responses to questions from Sen. Pat Toomey, Treasury Secretary Janet Yellen releases non-custodial service provider...
December 3, 2021
16

Universal Stablecoins, the End of Cash and CBDCs: 5 Predictions for the Future of Money

With the rise of bitcoin, stablecoins and decentralized finance, the last 10 years have been an incredibly crazy time for those...

Kentucky Issues Cease-and-Desist Order Against Celsius Network

Celsius Network has drawn the ire of Kentucky’s securities regulator in the latest legal move by a U.S. state against the crypt...
December 3, 2021
11

CBDCs for the People? Where the Current State of Digital Currency Research Leads

While much attention focuses on the retail central bank digital currency (CBDC) ruminations of China, Europe and the United Sta...

Crypto Lender Celsius Admits Losses in $120M BadgerDAO Hack

Crypto lender Celsius Network confirmed the company has lost money from the latest decentralized finance (DeFi) hack on BadgerD...