Upon receiving an email from cryptocurrency exchange Kraken, customers were able to purchase tokenized stock in the company for a minimum of $1,000. Reportedly, the exchange has already been able to raise 70 percent of the $10.2 million mark it set out to reach, but income requirements have stopped some from being able to participate.
In a letter dated 16 May 2019, IRS Commissioner Charles P. Rettig responded to a request from Rep. Tom Emmer by claiming the IRS will soon publish clarificatory tax guidance for virtual currencies. The letter acknowledged continued development since the last time tax guidance was issued by the IRS, back in 2014. New Cryptocurrency Tax […]
MakerDAO token holders have to vote on whether to decrease the stability fee for the network and its decentralized stablecoin called DAI. The information was released by Maker on its blog post on May 17. MakerDAO Could Reduce Its Stability Fee MakerDAO token holders will be voting on whether to reduce the stability fee to […]
After a long month of drama around the exchange, Bitfinex is scheduled to begin trading today and further complete its audit reports on the Unus Sed LEO smart contracts. With the drama unfolding on Bitfinex exchange, we look at the details of the upcoming LEO trading launch and the chain movement to happen this Wednesday. […]
While voting on whether the loan fee should be raised on the Dai stablecoin, Maker token holders failed to stake enough coins in the vote to fulfill the contract, leaving the vote undecided.
Inaugural STO After months of platform development, Smartlands is ready to build off of past successes. This young company has just announced the launch of their inaugural security token offering. Taking place through their Stellar based platform, Smartlands will facilitate the tokenization of shares representing fractionalized ownership of a 124 unit real estate development, purpose […]