Digital asset lender Nexo has introduced a PAX Gold (PAXG) credit line for retail clients. Nexo’s management noted that it will allow all investors to use the PAXG token as a collateral option. This offering was only available for the company’s institutional clients. PAXG is an ERC-20 compliant token developed on the Ethereum (ETH) blockchain. PAXG tokens are reportedly backed by one troy ounce of a 400 troy ounces London Good Delivery gold bar, […]
Press Release: Friday, 20 March 2020, 11:00 CAT | Source: BitBucks The BitBucks app continues to evolve to provide the ideal solution for retail payments with Bitcoin. With the latest update, the payment app now allows all users a transaction export via e-mail. But how exactly does the data transfer work and why is it especially important for merchants? BitBucks enables instant payments with Bitcoin – simply and instantly from anywhere in the world. […]
Zermatt, a ski resort town of 5,400 residents in Switzerland, has decreed that cryptocurrency bitcoin can now be utilized to pay taxes and other government services, Bloomberg reported.
Mayor Romy Biner-Hauser confirmed that her residents can now pay for an array of traditional government services using bitcoin. Broker Bitcoin Suisse will accept the payments through a tablet computer that converts the popular digital currency into francs, then transfers the funds to the municipal government.
Biner-Hauser explained that Zermatt’s plan to accept bitcoin grew from evaluating another Swiss municipality, the canton of Zug, also known as “crypto valley,” which began accepting bitcoin in 2016. She is eager to see how many bitcoin transactions actually occur.
“Everyone is talking about cryptocurrencies and blockchain, and if you don’t try it out, you don’t get smarter,” Biner-Hauser said.
One percent of all bitcoin transactions are criminal in nature, nearly doubling since 2018. Chainalysis’ new Crypto Crime Report details how criminal activity absorbs price fluctuations. Ransomware, tax evasion and money laundering data, however, are more than likely underestimated because of the difficulty in tracking the relevant data.
Donna Redel is the former Chairman of COMEX, a Board Member of New York Angels and an Adjunct Professor of Law at Fordham Law School. Olta Andoni is an Adjunct Professor at Chicago-Kent College of Law. Peirce’s CoinDesk op-ed is here . Further reactions were published here and here . In February, Commissioner Hester Peirce proposed a new safe harbor which, if passed into a formal rule, would radically change the legal terrain for […]
SEC Commissioner Hester Peirce has outlined details of a proposal that would provide crypto projects with a three-year safe harbor within which they could mature their token in order to successfully pass the SEC’s securities evaluation processes. https://t.co/FnquhaVp81
Ferrari F12tdf supercar image via Shutterstock Hankering for a Ferrari? Well, the only licensed stock exchange in Seychelles, an island nation in the Indian Ocean, is listing tokenized collectible cars worth over $200 million for retail and institutional investors. MERJ said Friday it is partnering with CurioInvest, a tokenization platform building on ethereum, to create tokens representing shares in “supercars” like the Ferrari. While the sale is open to institutional and retail investors, purchases […]
Sharelines Did you know that there was a time, not so long ago, when the only way to listen to music was live and in-person? No, I’m not talking about a live stream from your favorite band on Facebook or YouTube, but listening to the music at a venue congregated alongside a small or large group of similarly-minded folks who liked the same kind of music you did. In pre-historic times like the year […]
During the World Economic Forum that is currently taking place in Davos, Switzerland, Brad Garlinghouse announced that Ripple intends to conduct an IPO within the next twelve months. He did not specify the time it is meant to happen, he just said that ‘it’s a natural evolution for our company’ and that he expects Ripple ‘to be on the leading side’. Gradually, various responses started to appear on crypto Twitter, which clearly show that […]
The Blockchain Association commissioned a research report on human capital trends in the digital asset and blockchain space 85% of professionals in the digital assets industry are employed by exchanges, development firms, or mining businesses Huobi is the largest employer, followed by Coinbase and OKEx 67% of the largest employers are domiciled outside of the U.S. Singapore increased its market share and became the jurisdiction of choice for companies with utility tokens with nearly […]
Fashion Blockchain – The issue with fashion is that some get it, and some don’t. But that’s just fine as fashion trends and styles are not for everybody. However, one thing is for sure. Fashionable or not, wearing clothes is required by law. Irrespective of gender, age, political views or religion, we all must wear clothes in public. While the requirement of wearing clothes in public might never change, as the fashion industry develops […]
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A building on the prestigious Banhofstrasse in Zurich, Switzerland was successfully tokenized and sold on the blockchain today. The new owner of the building is Swiss real estate investment company BrickMarket. The company has issued bond-backed crypto tokens that figuratively represent “shares” of ownership in the building,. Those tokens are for sale to individuals who want to cut themselves in on earning some of the building’s rental income and benefit from any rise in […]