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‘Not an Audit’: IRS Notice Could Spell Trouble for Crypto Traders


The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency....

The New Bitcoin Banks Are Here


A new age of banking is imminent. Legacy models will be forced to follow suit or become obsolete in the eyes of value holders worldwide, as new bitcoin and crypto services take over, seeking to implement blockchain systems with an eye on convenience and financial inclusion. Announcements...

Coinbase Now Lets You Access DApps on Your Desktop Browsers


As per the official announcement by Coinbase, users will now be able to access their DApps (decentralized applications) on their desktop browsers hassle-freely. It has been made possible through Coinbase Wallet’s WalletLink service. As described in the blog post, WalletLink will act as the secure...

Coinbase Reveals Password Storage Issue Affecting 3420 Customers


Coinbase, the leading crypto exchange, recently disclosed a potential weakness, declaring that a smaller part of its clients’ passwords is stored in plain content on an inner server log. In any case, the data was not mistakenly accessed by outside parties, the exchange further added. Coinbase...

How Coinbase Quietly Became the World’s Biggest Bitcoin Bank


On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with...

Coinbase Custody Acquires Xapo, Sees $7 Billion Growth


Today, Coinbase Custody has announced that it has completed the acquisition of Xapo’s institutional businesses. Coinbase Custody has acquired 55 Million U.S. Dollars, Xapo’s institutional business. The platform was in stiff competition with major investment company- Fidelity, who was also...

Coinbase to ‘Store 5% of all the BTC in the World’ Following Xapo Deal


Brian Armstrong, CEO of Coinbase. Major American cryptocurrency exchange and wallet Coinbase has bought the custody interests of Xapo, a company famous for stashing its rich clients’ crypto holdings in a secret Swiss former military bunker, located underneath a mountain. Coinbase paid USD...

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