A bill filed last year which was seeking to allow government agencies in New Hampshire to accept digital assets for tax payments has been shuttered. However, in November 2019 the General Court’s Executive Departments and Administration Committee voted in favor of ending the bill. The decision was further backed with a verbal vote earlier this month.
A report by analytics company Chainalysis has said that it tracked $2.8 billion in Bitcoin (BTC) that was allegedly transferred by criminal elements to major digital currency exchanges last year. The majority of these transactions reportedly went through Binance and Huobi. 27.5% of the amount went to Binance while another 24.7% went to Huobi, Chainalysis’ report noted.
Switzerland-based SEBA bank is seeking 100m Swiss Francs ($96.5m) in fresh capital ’from new investors, including financial institutions, family offices and individuals.’ The fundraiser comes less than six months after SEBA secured its banking license. In its first round of fundraising, it had secured $103 million back in November 2019.
Binance has announced that it is entering into a strategic partnership discussion with Z Corporation and TaoTao, a Japanese licensed cryptocurrency exchange. As per an official release, through licensing Binance’s technologies, Z Corp and TaoTao will collaborate with the Financial Service Agency to ensure full regulatory compliance in the Japanese market.
Crypto asset manager Grayscale has a record-breaking Q4 2019 garnering $225 million. Grayscale says that 71% of its investments came from institutional players. For the whole year of 2019, the company reported $600 million investments, taking the total assets under management to above $1.17 billion.
Crypto Rating Council, an organization led by Coinbase and seven other platforms, has announced the inclusion of three new members and the publication of five new asset scores. The new members include OKCoin USA, eToro USA, and RADAR. New asset ratings scores have been published for Cosmos, Livepeer, Dash, Ethereum Classic, and Horizen.
Gemini has created its own insurance company ’Nakamoto’ to boost coverage against theft of crypto assets offering a record-breaking $200 million coverage limit. The crypto exchange is owned and operated by virtual currency entrepreneurs Cameron and Tyler Winklevoss.
Liquid Exchange has cancelled the sale of Telegram Open Network’s (TON) Gram tokens and has returned the funds of all investors who participated in the unofficial sale. The sale was cancelled due to the delay in the launch of TON’s mainnet which was impeded by the SEC’s investigation into the original Gram offering.
According to a survey by HSB, about one-third of US-based small and medium-sized enterprises (SMEs) accept cryptocurrency as a payment for their goods and services. The study showed that 36% of SMEs are crypto-friendly, and 59% of these companies had previously purchased cryptocurrency for their own use.