Crypto Lender Nexo Pays Token Holders Over $2.4 Million in Dividends

Nexo paid out $2,409,574.87 to token holders and reported an annualized dividend yield of 12.73%. Crypto lending firm Nexo has paid its token holders a total of $2,409,574.87 in dividends. Nexo reportedly has reached an annualized dividend yield of 12.73%. Nexo announced the completion of its dividend payments in a press release on Aug. 16. According to the press release, Nexo has a user base of over 250,000. Moreover, Nexo’s dividend yield is purportedly higher than every dividend-paying stock listed on the S&P 500 market index. Nexo apparently pays out…

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Bitcoin SV Devs to Offer ‘Office Hours’ for Project Assistance, Consulting

A Bitcoin SV developer has announced chatting and consulting services for other Bitcoin SV devs seeking help. Bitcoin SV blockchain developer and blockchain organization service Open Directory creator synfonaut has launched a consulting service called Office Hours. This service connects developers in need of assistance with experienced Bitcoin SV devs, for help on Bitcoin SV projects.  Synfonaut announced the service’s launch in a Twitter post on Aug. 15. As per the platform’s  website, users can reach out to over a dozen professional developers for help on a product or service.…

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US Customs and Border to Trial Blockchain Shipping Proof-of-Concept

A branch of U.S. Customs and Border Protection will test blockchain-based shipping for licensed shipping partners. A United States Customs and Border Protection (CBP) advisory committee, is planning to launch a live test of its blockchain-based intellectual property rights proof of concept. The Commercial Customs Operations Advisory Committee (COAC) will run its tests from late August to late September, per a report published on the CBP’s website. The COAC advises the Secretaries of the Department of the Treasury and Department of Homeland Security.  The announcement specifically comes by way of…

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How Coinbase Quietly Became the World’s Biggest Bitcoin Bank

On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with more than $7 billion under custody. Also Read: Hong Kong Protest Leader Hopes to Incite Run on Chinese Banks Coinbase Acquires Xapo’s Institutional Arm and Now Commands $7 Billion Worth of Digital Assets As early as 2010, Bitcoin supporters such as Hal Finney predicted that someday most BTC transactions…

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FinCEN Director Addresses Casino Compliance With Obligations Regarding Crypto

FinCEN director Kenneth Blanco urged casinos to follow the agency’s guidelines in regards to suspicious convertible virtual currency activity. Kenneth A. Blanco, the director of the Financial Crimes Enforcement Network (FinCEN), has urged casinos to follow the agency’s guidelines in regards to suspicious convertible virtual currency (CVC) activity. During his speech at the 12th Annual Las Vegas Anti-Money Laundering Conference on Aug. 13, Blanco addressed casinos’ compliance with the FinCEN’s guidance released in May. In their guidance, the FinCEN considered certain business models involving CVC financial institutions to help them…

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Biggest Crypto Hedge Funds and What They Tell About the Market

Who are the biggest hedge funds operating in crypto today and how much do they have invested in crypto and blockchain firms? The total market cap for all cryptocurrencies stands at $293 billion, and while much of this value has been generated by individual traders buying and selling their own private stashes of crypto, it’s also largely the result of big investment funds. These are companies that have crypto assets under management worth as much as $1 billion or upward, with most of them qualifying as the whales the cryptocurrency community often…

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