• Wall STreet
    Cryptocurrencies,  Regulation

    Coinbase completes two security audits to woo institutional investors

    Grant Thornton conducted rigorous evaluations for the crypto exchange’s custody solution, certifying it SOC1 and SOC2 compliant

    In a move to lure more institutional money into the space, U.S. crypto exchange Coinbase just completed two major security audits for its custody solution. 

  • Regulation

    Gemini launches captive insurance firm

    The Winklevoss-owned crypto trading platform has launched its own in-house insurance unit, which will allow it to transfer some risk to reinsurance companies

    Winklevoss-owned Gemini Trust Company has launched its own in-house insurance unit to protect client’s funds against loss.

  • Respectable crypto leaders or mugshot array? Don't ask Rep. Brad Sherman... (via Nakamoto)
    Bitcoin,  People

    Bitcoin journal Nakamoto’s rocky start

    Growing pains and hints of dissent have given the star-studded ‘pro-Bitcoin’ project more drama and attention than it hoped for

    Touted as a general interest journal for the crypto community, Nakamoto launched on Jan. 4—the 11th anniversary of Bitcoin’s genesis block. And it had enough cryptocurrency star power to garner immediate attention, with list of nearly 60 contributors that reads like a “Who’s Who” in crypto. But cracks have already started forming...

  • Bittax VP Or Lokay Cohen at the Ethereal conference in Tel Aviv on September 15, 2019 (photo by Molly Jane Zuckerman for Modern Consensus).
    Technology

    How the IRS is cracking down on crypto taxes: A conversation with Bittax’s Or Lokay Cohen

    At this weekend’s Ethereal Summit, Modern Consensus delved into the murky waters of cryptocurrency taxation and its various pitfalls

    Or Lokay Cohen has been at crypto tax calculation service Bittax since 2016, which means that she may know more about how to file crypto taxes than any other person alive. Lokay Cohen told Modern Consensus that she came to the Ethereal conference in Tel Aviv on September 15 to meet other like-minded crypto people, as she was toying with the idea of using Ethereum-based smart contracts to pay your taxes automatically for the IRS.