NYDIG said Tuesday it raised a stunning $1 billion in a funding round that will value the firm at over $7 billion – and potentially expand bitcoin’s reach into “any industry,” CEO Robert Gutmann said in a statement.The round was led by WestCap and joined by Bessemer Venture Partners, FinTech Collective and existing investors Affirm, FIS, Fiserv, MassMutual, Morgan Stanley and … [Read more...] about Institutional Bitcoin Broker NYDIG Valued at $7B in Whopping $1B Funding Round
Broker
US Lawmakers Ask Janet Yellen to Define ‘Broker’ for Infrastructure Bill
A bipartisan group of U.S. Senators want Treasury Secretary Janet Yellen to specify how the finance ministry will define a “broker” for crypto tax reporting purposes.In an open letter published Tuesday, Senators Rob Portman (R-Ohio), Mark Warner (D-Va.), Mike Crapo (R-Idaho), Kyrsten Sinema (D-Ariz.), Pat Toomey (R-Pa.) and Cynthia Lummis (R-Wyo.) wrote that the crypto industry … [Read more...] about US Lawmakers Ask Janet Yellen to Define ‘Broker’ for Infrastructure Bill
President Biden Signs Infrastructure Bill Containing Crypto Broker Reporting Requirement Into Law
Another provision opposed by the crypto industry essentially requires recipients of transactions over $1,000 to verify the sender’s personal information and record his or her Social Security number, the nature of the transaction and other information, and report the transaction to the government within 15 days. Source link … [Read more...] about President Biden Signs Infrastructure Bill Containing Crypto Broker Reporting Requirement Into Law
Sen. Lummis Mounts Last-Ditch Effort to Modify Crypto Broker Language
“We need to be fostering innovation, not stifling it, if we are going to maintain America’s position as the global financial leader,” Lummis said in a statement. “I’m proud to introduce this bipartisan bill to ensure that our tax system reflects the realities of digital assets and distributed ledger technology.” Source link … [Read more...] about Sen. Lummis Mounts Last-Ditch Effort to Modify Crypto Broker Language
Online Broker TradeStation Going Public Via $1.43B SPAC Merger
“There are numerous reasons why TradeStation is, in our judgment, the most attractive company we looked at in the fintech/financial services sector, and we looked at quite a few,” said John Schaible, chairman and CEO of Quantum FinTech, in a press release. “TradeStation owns its core trading platform technology, and it executes and clears its customer trades across all of the … [Read more...] about Online Broker TradeStation Going Public Via $1.43B SPAC Merger