Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, has launched cryptocurrency trading. Starting with bitcoin and ether, the bank explained that its 54 million customers can “buy, hold and sell cryptocurrency all from the same app, with no need to open new accounts or transfer money.” Nubank...
Townsquare Media, a New York based digital marketing and radio station company is the latest business to back the original cryptocurrency with its addition of $5 million worth of Bitcoin (BTC) to its balance sheet. A filing with the Securities and Exchange Commission (SEC) disclosing Townsquare’s purchase of Bitcoin was...
The PayBito CEO believes crypto’s true potential can be harnessed through a balance between divergent views and promoting diversity at all levels. PALO ALTO, Calif., May 7, 2022 /PRNewswire-PRWeb/ — PayBito Chief Raj Chowdhury expressed his views on the existing diversity patterns across the global crypto-sphere, stressing on the need...
On March 31, the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin No. 121 (Bulletin), noting that a company safeguarding or exerting custody over cryptocurrency on behalf of its platform users must clearly report the users’ assets as liabilities on the company’s financial statement, along with the risks consumers...
