The United States Federal Bureau of Investigation (FBI) has issued a warning against the rise in romance scams involving cryptocurrencies. Just a few days ahead of Valentine’s day, the FBI San Francisco field office alerted the public about the rise in romance scams based on the complaints filed with the FBI’s Internet Crime Complaint Center […]

The Argentinian Tax Authority (AFIP) will now be able to confiscate the assets that taxpayers have in digital wallets if they have debts with the organization. The recommendation for attorneys of this institution to include these digital accounts was made last year, but the execution of debt collection was suspended during the Covid-19 pandemic period. […]

Nonfungible tokens can power another paradigm shift via the experience-to-earn model, which welcomes anyone into the NFTs space.

BEIJING–(BUSINESS WIRE)–HARMAY, the new retail beauty brand, has concluded its Series C and D rounds of financing, raising a combined $200 million. The Series C was led by General Atlantic and the Series D by QY Capital, with Eastern Bell Capital, N5 Capital, Ocean Link, Hillhouse Venture, and BA Capital among the co-investors; Rothschild & […]

The post HARMAY Raises $200 Million in Series C and D Funding appeared first on Fintech News.

PORTLAND, Ore.–(BUSINESS WIRE)–#freight–DAT Freight & Analytics announced an expanded partnership with Parade through a minority investment that will enable a deeper integration between Parade and North America’s largest freight marketplace. The expanded partnership will build on an existing agreement to enable mutual broker customers to select and price loads on DAT’s load board using Parade’s […]

The post DAT Expands Digital Freight Match Partnership With Parade appeared first on Fintech News.

IRA company Alto Solutions is partnering with P2P marketplace Prosper. Under the agreement, Alto’s clients can now invest IRA funds in Prosper’s consumer loans. Prosper has facilitated more than $20 billion in P2P loans to nearly 1.2 million people across America. Peer-to-peer (P2P) investment marketplace Prosper may likely see a new slough of investors in Read more...

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An expert has claimed that crypto is trading like risk assets and looking like growth equities, and as the traditional market is likely to continue to see high volatility over the next months, the institutional adoption of crypto is slowing down until global equity markets find stability. Crypto Institutional Adoption The institutional adoption of digital assets is believed to be key to the future maturity and consolidation of the cryptocurrency market. The landscape of cryptocurrencies will likely keep on changing as a response to the ways worldwide regulations, macro environment, and mass adoption develops in the following years. Although many important corporations have started to gradually approach digital coins like bitcoin, there might be still a long way to go for institutional money to massively enter the market. Recently,  Bloomberg reported a JPMorgan strategists’ note in which they claim that “The biggest challenge for bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional adoption.” Similarly, Alex Kuptsikevich, a senior financial analyst at FxPro, explained to Forbes that Bitcoin’s price “is determined not so much by volatility as by crowd interest. Without investor interest, it quickly goes sour, and with it, it picks up just as fast. In bitcoin’s favor is the reduced supply growth rate and its finiteness.” “We should also note that the entry of institutional investors, the increasing acceptance of bitcoin as an asset for portfolio diversification, and the increased trading turnover in cryptocurrencies make the price less volatile over time.” Related Reading | Goldman Sachs: Mainstream Adoption Won’t Boost Bitcoin Price Why Growth Stocks Can Drive Investors In In a Bloomberg Television interview with Adam Levinson, chief investment officer at Graticule Asset Management Asia, the expert noted that the current volatility of growth stocks and the traders’ fear over the Federal Reserve (FED) raising interest rates is slowing down the pace at which institutions decide to invest. Levinson claims that many traditional institutions have already decided to allocate in crypto, but the current volatility has kept them away from investing. “They don’t want their first foray into the space to be a money-losing proposition quickly.[…] Institutional allocations will wait until the global equity markets, particularly growth equities, have stabilized.” The U.S. inflation has increased significantly and consequently so did the Vix ‘fear’ index, which measures the expectation of volatility for the stock market based on S&P 500 index. High inflation numbers create more pressure for the FED to increase rate-hikes and many investors believe the traditional markets are potentially set for a big sell-off. Since bitcoin has been trading more like a stock, this directly affects the crypto market. The total capitalization has been recovering in the past week, but might see more volatility soon. As Levinson noted, “What has happened this year is that you move to an environment where the Fed is being forced to raise rates, as are other central banks, and you are seeing a change in the extremely abundant liquidity environment.” As a result, “Crypto suffered. Crypto is basically traded as a risk asset, looking like a growth equity,” he added. However, Lenson thinks that over the middle of the year there will be a situation “where crypto trades better than growth equities,” which could result in more institutional investors going forward and investing in crypto. Related Reading | Could Crypto Adoption Represent a Compliance Opportunity for Banks?

Seven V Global executives have been found guilty of misappropriating 2 trillion KRW ($1.9 billion) in the latest verdict on Friday, as per reports. While the six of them will serve varying jail-time of up to 14 years, former CEO Lee Byung-gul has been sentenced to 22 years in prison. The development comes as prosecutors […]

Key Points:  Ethereum and Binance coin are among the safest altcoins in the market.…

The post Ethereum v Binance Coin: Why ETH could outperform BNB in 2022 appeared first on Coin Journal.

Alchemy Pay (ACH) has surged by over 70% after the token was listed on…

The post Alchemy Pay (ACH) surges by over 70% after listing on AscendEX and other exchanges appeared first on Coin Journal.

"Persons who are just validating transactions through a consensus mechanism are not likely to know whether a transaction is part of a sale," according to the Treasury.

The post US Treasury reiterates that the IRS won’t consider crypto miners, stakers or coders to be brokers appeared first on The Block.

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