Fintech News Stories
Choice and Compass Mining unveil tax-free Bitcoin mining solution
/IRA provider Choice and Compass Mining have rolled out a solution whereby clients can buy Bitcoin mining machines through individual retirement accounts (IRAs).
Read MoreTether execs face criminal probe over bank fraud: report
/Tether, a prominent stablecoin operator, is reportedly under criminal investigation over prior actions from its early days, including whether or not the company concealed from banks that transactions were linked to crypto.
Read MoreEthereum co-founder Anthony Di Iorio bids adieu to crypto
/Anthony Di Iorio, a co-founder of the Ethereum network, says he’s leaving the crypto world out of concern for his personal safety.
Read MoreBitcoin slides toward $31,000 amid Fed Chair Powell remarks on stablecoins
/Bitcoin slid toward $31,000 on Thursday, July 15 – its lowest level in around three weeks.
Read MoreCryptocurrency startup Circle to go public in $4.5B SPAC deal
/Circle, a cryptocurrency infrastructure company that claims to allow “businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications,”
Read MoreIron titanium token falls to near zero amid panic-induced selling
/The value of the iron titanium token, the share token of a decentralized finance protocol, fell from $60 to near zero in a day. The token was part of an algorithmic stablecoin project called Iron Finance.
Read MoreGoldman Sachs expands crypto foray beyond Bitcoin with plans to offer Ether options
/Three months after relaunching its cryptocurrency trading desk, Goldman Sachs is expanding its cryptocurrency reach beyond Bitcoin and into Ether.
Read MoreICYMI: State Street sets up crypto-focused business unit
/State Street is launching a new business unit called State Street Digital, covering cryptocurrency, central bank digital currency, blockchain, and tokenization.
Read MoreStartup retirement provider ForUsAll to launch crypto-linked ‘Alt 401(k)’
/Starting in July, some retirement savers will have the option to put some of their funds in crypto. Startup 401(k) provider ForUsAll, which works with small businesses, is partnering with cryptocurrency exchange Coinbase to allow users to allocate up to 5% of their holdings in cryptocurrencies.
Read MoreSquare is considering creating a non-custodial hardware wallet for bitcoin
/At a bitcoin conference in Miami last week, Square CEO Jack Dorsey said the company was considering creating a non-custodial hardware wallet for bitcoin, a move Dorsey said could help “take it to the next level and get to 100 more million people.”
Read MorePayPal and Venmo users will soon be able to send crypto to each other and to external wallets
/PayPal’s head of blockchain and crypto, Jose Fernandez da Ponte, announced that Paypal and Venmo users will be able to send bitcoin and other cryptocurrencies to one another and to other apps.
Read MoreHSBC says it won’t offer clients bitcoin, citing volatility and a lack of transparency
/HSBC, a global bank with nearly $3T in assets, has decided not to offer bitcoin-related products and services to clients, bucking the trend of other large banks and traditional financial companies that are warming to digital assets, including JPMorgan Chase and Wells Fargo.
Read MoreBitcoin value drops to lowest price since February, with ripple effect on other coins
/Bitcoin hasn’t been declared dead, but a decline in value is causing some pullback among investors and affecting the value of other digital currencies such as ether, dogecoin, and XRP.
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