digital assets

FTX Amasses $4.4 Billion Stockpile as Customers Await Repayment
FTX Amasses $4.4 Billion Stockpile as Customers Await Repayment
January 28, 2024  |  Cryptocurrency

FTX has reportedly been selling crypto assets and stockpiling cash as it looks to repay customers. Those customers’ accounts have been in limbo since the cryptocurrency...

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Terraform Labs Files for Bankruptcy
Terraform Labs Files for Bankruptcy
January 22, 2024  |  Cryptocurrency

Terraform Labs, whose collapse triggered a wider cryptocurrency market earthquake, has filed for bankruptcy. The Singapore-based digital asset company filed for Chapter 11 in Delaware Sunday (Jan....

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GameStop to Wind Down NFT Marketplace Amid ‘Continuing Regulatory Uncertainty’
GameStop to Wind Down NFT Marketplace Amid ‘Continuing Regulatory Uncertainty’
January 18, 2024  |  NFTs

GameStop is getting out of the non-fungible token (NFT) arena. In an update posted on its GameStop NFT website, the company said it has decided to wind down...

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IRS Delays Requirement to Report Certain Transactions Involving Digital Assets
IRS Delays Requirement to Report Certain Transactions Involving Digital Assets
January 17, 2024  |  Taxes

Businesses do not have to report certain transactions involving digital assets until the Treasury Department and the Internal Revenue Service (IRS) issue regulations. The agencies...

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OpenSea Wants NFTs to Evolve as Market Plunges 63%
OpenSea Wants NFTs to Evolve as Market Plunges 63%
January 14, 2024  |  NFTs

Last year was not a good one for non-fungible tokens (NFTs). Sales for the blockchain-based digital assets fell 63% to $8.7 billion in 2023, even with volume...

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NetCents and Worldpay Partner to Promote Adoption of Digital Assets
NetCents and Worldpay Partner to Promote Adoption of Digital Assets
January 03, 2024  |  Cryptocurrency

NetCents Technology and Worldpay from FIS have partnered to promote the adoption of digital assets like bitcoin, ethereum and stablecoins. The partnership will leverage NetCents Technology’s cryptocurrency...

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Central Bank of Nigeria Lifts Ban on Transacting in Crypto
Central Bank of Nigeria Lifts Ban on Transacting in Crypto
December 27, 2023  |  Cryptocurrency

The Central Bank of Nigeria (CBN) has lifted a ban on transacting in cryptocurrencies. At the same time, the bank said there is a need to...

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Solana Token Make Gains as Crypto Market Recovers 
Solana Token Make Gains as Crypto Market Recovers 
December 21, 2023  |  Cryptocurrency

Solana’s cryptocurrency, SOL, which experienced a 94% decline in 2022, has reportedly made a comeback, attracting the attention of digital asset investors.  The SOL token...

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Circle Receives Asset Service Provider License in France
Circle Receives Asset Service Provider License in France
December 21, 2023  |  Cryptocurrency

USDC stablecoin issuer Circle was named a digital asset service provider (DASP) in France. The company announced the conditional approval of its new designation with...

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