Crypto Tax Delay Approved in Illinois
Illinois postpones its 0.2% crypto tax for six months after negotiations with the Digital Chamber and Illinois Blockchain Association, pending court approval to address legal disputes. #Update #Legal $BTC
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RedotPay Completes Audit Ahead of U.S. IPO
@RedotPay has completed a financial audit and compliance review as part of its preparations for a U.S. IPO, aiming to enhance trust in its operations. #Update #Crypto
Kraken Invests Billions in Financial Infrastructure
@Payward is investing billions to expand into financial infrastructure, acquiring NinjaTrader for $1.5B and Bitnomial for $550M, while planning to buy a European bank. #Update #Crypto $BTC
Ondo Finance Faces Sale After Founder’s Death
Tokenization platform @OndoFinance was offered for sale following the death of founder Nathan Allman, sparking legal disputes over control and his estate’s ONDO tokens. #Update #Crypto
Crypto Firm RockawayX Bets $150M on Yield
@RockawayX is investing $150 million in onchain yield opportunities, targeting assets with returns over 12% uncorrelated to crypto, focusing on trade finance and real estate. #Update #Crypto $BTC
Crypto Crime Gathering Reveals Hidden Tactics
The FBI’s 2024 virtual currency symposium in Austin focused on crypto threats like money laundering and ransomware, emphasizing collaboration with industry experts to combat emerging attack methods. #Update #Crypto
Crypto Provider Haruko Hit by Cyberattack Losing Funds
@Haruko suffered a cyberattack affecting 15 clients, resulting in a small amount of stolen funds and trading data; vulnerabilities in their infrastructure were exploited. #Breaking #Crypto
Zcash Miner Fortitude Launches Nasdaq Deal with Jaime Leverton
@Fortitude has appointed Jaime Leverton as CEO, expanding its focus on $ZEC mining. The company mined 72,696 ZEC in six months and reported $20.9M in Q2 revenue. #Update #Crypto $ZEC
Hamas Urges Donors to Ditch Binance
Hamas’ military wing advised donors to avoid @Binance, citing compliance issues, while investigations into $165M in crypto transactions linked to financing Hamas are ongoing. @OKX stated it flagged illicit activity. #Update #Crypto $BTC
Blockchain Platform Theo Launches $40M Tokenized Silver
@Theo launches tokenized silver with over $40 million in leases, targeting institutions and whitelisted investors. The tokenized commodities market now totals $4.9 billion across 130 products. #Update #Crypto $SLVR
Avalanche Powers LatAm Telecom Financial Shift
@Iris expands into Latin America, leveraging mobile operators to enhance financial app distribution. VIVA’s super-app reduced churn by 33% and increased customer value by 35%. #Update #Crypto $AVAX
Bitcoin Dominates 70% of Billionaire’s Portfolio
Mexican billionaire Ricardo Salinas claims that with 70% of his portfolio in $BTC, it outperforms real estate, citing historical price comparisons and advocating for home equity conversion into bitcoin exposure. #Update #Crypto $BTC
Crypto CEO Advocates Centralization Benefits
@LMAX CEO Mercer emphasizes the need for improved collateral movement between traditional and digital finance, citing market volatility as a challenge. #Update #Crypto $BTC $ETH
Ethereum Launches New Onchain Investment Products
@OndoFinance has appointed John Hoffman, former Invesco ETF executive, to lead its expansion into onchain investment products, aiming to build a trusted platform for managed portfolios. #Update #Crypto $USDT