Facebook has been quietly building out its cryptocurrency for over a year, and it looks like that time has been well spent, enlisting the support of some of the most prominent companies across payments, retail, and technology.
Cryptocurrency prime dealer SFOX is partnering with M.Y. Safra Bank of New York to offer traders and investors deposit accounts backed by the Federal Deposit Insurance Corp. (FDIC).
some of the largest retailers in the United States such as, Starbucks, Nordstrom, Office Depot, Bed, Bath & Beyond, Crate & Barrel, Baskin Robbins, GameStop, Jamba Juice, Barnes and Noble and Amazon-owned Whole Foods, are now accepting cryptocurrency payments.
Footwear and sports apparel giant Nike secured a trademark for “CRYPTOKICKS” and alluded to its intent to pursue a wide array of blockchain-related services.On Apr. 19th Nike filed a trademark for the word mark “CRYPTOKICKS” with the US Patent and Trademark Office (USPTO) for use in a wide array of cryptocurrency-related goods and services. The registration is currently live.
Cryptocurrency exchange Coinbase is now offering cross-border payments service to enable customers to transfer funds using Ripple (XRP) and the stablecoin USDCoin (USDC).
California Bill Would Legalize Cryptocurrency for Tax Payments via Cannabis/Marijuana-Related Businesses
Lawmakers in the United States state of California have introduced a bill to allow cannabis-related business to pay fees and taxes in cryptocurrency stablecoins. The bill was introduced by the California State Assembly on Feb. 21.
Jamie Dimon may have hated Bitcoin, however they have seemingly been interested in blockchain for quite some time. Now JPMorgan announcing that JP Morgan will be launching it’s own cryptocurrency/stable-coin, which will be backed by the U.S. dollar, on a 1:1 ratio.
Major Philippines bank (Union Bank) is launching the country’s first two-way cryptocurrency ATM.
When the tokens are not being sold as investment contracts, however, they are not securities at all. Tokens sold for use in a functioning network, rather than as investment contracts, fall outside the definition of securities”..
Coinbase customers who need to file taxes in the U.S. this year can get a boost from TurboTax, the tax-filing software offered by Intuit Consumer Tax Group.