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Customers Bank has agreed to tackle the regulator's concerns that it's strayed from proper compliance with its digital assets clients.

When computer scientist and Bitcoin pioneer Hal Finney died in 2014 from complications from ALS, his body was cryopreserved by the Scottsdale, Ariz.-based Alcor Life Extension Foundation. For many in the life extension and transhumanist community, the idea of cryopreserving one’s body offers the hope of a kind of immortality, with the possibility of being revived in the future when a cure for their cause of death is found. Also known as cryo-freezing, the service has several practical applicatio...

U.S. tax authorities have unveiled a revised form for crypto investors, with the aim of simplifying digital asset holders’ taxes.  The 1099-DA, released as a draft on Friday, offers more “ease and clarity” to tax filers with crypto investments, the IRS said Friday in a statement. The revamped form omits requirements from its previous iteration, including questions that some digital asset proponents considered intrusive to crypto holders’ privacy.  Most notably, the latest version of the form no...

After Bitcoin and Ethereum spot ETFs were approved for trading in the United States, multiple fund providers identified Solana as the next big target and filed to offer such crypto ETFs. Following this week's approval of a Solana ETF in Brazil, experts suggest that a U.S. counterpart is sure to come—but when, exactly, remains unclear. While Brazil has emerged as a trailblazer in the realm of crypto ETFs, the United States—a traditional financial powerhouse—is grappling with a more cautious appro...

Bitcoin has gained 6% in the past day and climbed past $62,000 for the first time since last week the day after the U.S. initial jobless claims came in lower than expected and calmed fears of a global recession. At the time of writing, Bitcoin's price has retraced slightly to around $60,270, up 4.2% on the day according to CoinGecko data. Earlier this morning it surged as high as $62,490.53. The world's oldest and largest cryptocurrency by market cap has also seen $91 billion traded in the past...

Indian cryptocurrency exchange WazirX announced plans to restore all user account balances to their state as of July 18, 2024, at 1 PM IST, when the exchange lost $230 million to attackers. According to the Aug. 8 announcement, this measure is in response to a severe cyberattack that occurred that day, causing significant disruptions to the platform's operations and user activities. WazirX lost over $230 million to the attackers, who some believe to be North Korean state-sponsored actors. Respon...

Fintech firm Ripple today announced that it had started testing its new stablecoin on its own blockchain and Ethereum.  The San Francisco-based company said Friday that Ripple USD (RLUSD) would help meet worldwide demand for stablecoins and be used for cross-border payments. But its testing is only the first step. “RLUSD has not yet received regulatory approval and therefore is not available for purchase or trading—please be cautious of scammers who claim they have or can distribute Ripple USD,”...