US Treasury Department Mulls Exempting Crypto Miners, Wallet Operators from Reporting Rules
The United States Treasury Department is looking into exempting crypto miners and wallet operators from tax reporting regulations, CoinTelegraph reported. The Treasury Department told lawmakers plan to exempt crypto miners,...
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One River Taps Coinbase to Provide Crypto Exposure to Wealth Clients
One River is collaborating with Coinbase to provide a platform to allow wealth managers to provide crypto exposure to their clients, according to a blog post by Coinbase on Friday....
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Tatum Launches NFT Minting Feature Without Coding
Blockchain development platform Tatum has rolled out a new feature that allows developers to mint non-fungible tokens without coding, CoinTelegraph reported. Dubbed as NFT Express, Tatum’s new feature is available...
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Korea’s Wealth Fund Banks on Metaverse, AI for Growth
Korea Investment Corp. is eyes an expansion in alternative assets particularly in the metaverse and artificial intelligence, Bloomberg reported. Chief Executive Seoungho Jin said he sees alternative assets making up...
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Visa Competes With Digital Yuan in Beijing Winter Olympics
The digital yuan is proving itself as a competitor of payments giant Visa Inc. in the Beijing Winter Olympics, WSJ reported. Visa has continued to be the exclusive electronic payments...
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Why Higher Interest Rates Are Unlikely to Translate to Higher Gains for Deposits
The anticipated increase in interest rates will not necessarily reflect higher gains for depositors, WSJ reported. Banks do not have a lot of motive to increase the interest paid on...
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Cryptocurrencies to Pave Way for Future Generation of Billionaires
Cryptocurrencies will open doors for a new generation of billionaires, according to a Be In Crypto report. Studies suggest that cryptocurrency users will grow at a faster pace than the...
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Twilio Tops Earnings Expectations, Records Further Revenue Growth in Q4
Twilio Inc, a San-Francisco-based cloud communications platform, saw its shares soar 20% after Q4 results topped estimates, according to a news release by Twilio on Wednesday. Q4 revenue expanded 54%...
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FLOW Tokens Jumped 11% After Getting Olympics Winter Games License
Flow’s FLOW tokens soared as a new, licensed mobile game about the ongoing Olympics Winter games was unveiled on the network, according to a report by CoinDesk on Thursday. nWayPlay’s...
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MSCI to Include Grab and Other 20 Securities to Primary Global Index
MSCI set to add Singaporean rider hailer Grab and 20 other stocks to its primary global index in a quarterly review, according to a report by MSCI on Wednesday. Eleven...
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SEC Eyes Stricter Reporting Rules for Private Equity, Hedge Funds
The US Securities and Exchange Commission is looking to mandate hedge funds and private equity firms to report their quarterly performance and fees implemented on investors, FT reported. The SEC...
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KFC, Taco Bell Operator Bottom Line Soars 74% in 2021
KFC and Taco Bell operator Yum! Brands Inc. posted a 74% increase in its net income for 2021 despite a decline in the last quarter of the year, the company...
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