Crypto exchange FTX US has applied for a trust charter with the New York Department of Financial Services, or NYDFS, to operate in the state. In a Wednesday announcement, FTX US said it had applied to form a limited purpose trust company with New York’s financial services regulator in an effort to offer its products and services to local users.…
Solana, NEAR and AVAX were all trading over 20% lower on Wednesday, as global crypto markets continued to fall on hump-day. The cryptocurrency market cap is currently down 6.35%, as traders continued to digest the recent crash in the price of LUNA and UST. Solana (SOL) Solana was down by over 20% during Wednesday’s trading session, as the bear market…
It goes without question that there has been an influx of excited investors piling into Web3 and this is despite the decrease in total volume sales in the last 7 days. Since the start of May, the total market capitalization for NFTs rose to over $19.44 billion with the total volume exceeding $1.3 billion in the last 7-days. 7-day NFT…
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging…
Continental Diamond, a St. Louis-based jewelry store, will begin accepting bitcoin as payment. Continental is partnering with BitPay to facilitate bitcoin payments. Earlier this week, the famous fashion-house Gucci also began accepting bitcoin. St. Louis Park-based Continental Diamond is now the first jewelry store in Minnesota to accept bitcoin as payment at its family-owned business, according to a press release. “We are constantly…
Bitcoin (BTC) bounced back from ten-month lows on May 11 as the start of Wall Street trading gave bulls some relief. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView One day, $860 million more crypto liquidations Data from Cointelegraph Markets Pro and TradingView showed BTC/USD erasing the impact of above-expectation United States inflation data, hitting $32,000 on Bitstamp. April’s consumer price index…
Germany’s federal finance ministry (BMF) issued the country’s first guidance on the income tax treatment of cryptocurrencies, as well as other blockchain-based tokens. The 24-page document issued Tuesday covers various aspects of crypto-related issues, which are explained technically and classified in terms of Germany’s income tax law. Most important, the sale of acquired cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH)…
The fallout from extreme volatility in the crypto market hasn’t significantly affected Celsius Network, according to its leadership. Seemingly in response to a now deleted tweet from Twitter user David Belle that claimed the platform had been “completely wiped out,” Celsius CEO Alex Mashinsky posted a message to his more than 172,000 Twitter followers that “all funds [were] safe” and the…
Distributed Ledger Inc and GulfQuest Maritime Museum have partnered to bring sustainable bitcoin mining to the city of Mobile, Alabama. DLI will house 100 miners in a modified, air-cool shipping container. The project seeks to gather further funding and adoption from the government. Distributed Ledger Inc (DLI), a cryptocurrency infrastructure company, and GulfQuest Maritime Museum Board announced a partnership to bring sustainable…
Securities and Exchange Commission chair Gary Gensler leveled sharp criticism at cryptocurrency exchanges and stablecoins during an interview on Tuesday. Gensler took issue with the fact that many of the largest cryptocurrency exchanges run custody, market-making, and trading services without keeping them separate the way traditional exchanges are required to. “Crypto’s got a lot of those challenges—of platforms trading ahead…
