New Zealand’s IRD Legalizes Crypto Payments; which are also taxable

There is no denying that cryptocurrencies are here to stay, and as surprising as it may sound, there are still numerous things for them to achieve. One of them is getting more people to receive their monthly salaries or payments in crypto assets instead of fiat currencies, and there are good news coming from Oceania […]

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Galaxy Digital Announces Investment in the Digital Asset Lending Firm DrawBridge

Galaxy Digital has spotted growing potential in several crypto-related projects in its existence. The crypto commercial bank’s latest beneficiary is DrawBridge Lending (known as DBL,) a digital asset lender that announced this week that it was on the receiving end of funds that came from the previously mentioned company. The information came to prominence in […]

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Avast Warns about Malware that Steals Bitcoins and Replaces Credentials

The malicious file can recover data such as victim’s wallets, WordPress credentials or install a miner to infect the computer. Avast.io’s group of researchers, decoded, discovered and denounced a new malicious file that threatens the mining community. The name of this malware is Clipsa, which seeks to replace Bitcoin addresses and install undercover miners on […]

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FATF Proposes Crypto-Transaction Tracking System to Avoid Money Laundering

The new system will collect personal data about those who conduct transactions with cryptocurrencies, in order to know where the funds of the users would be sent. About 15 countries, including those belonging to the G7, seek to develop a system that allows tracking transactions with cryptocurrencies; the purpose is to prevent the illicit use […]

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Standard Chartered Completes First International Letter of Credit on Oil Blockchain Platform

Prominent financial institutions keep taking advantage of the blockchain industry in several ways. The latest case involves the Standard Chartered bank, which announced this week that it successfully completed its first international letter of credit (LC) transaction on Voltron. Voltron is a blockchain ecosystem that shifts its focus on the ever-important oil sector. According to […]

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