Altcoin News by Thebittimes.Com

Digital securities firm Securitize will provide new alternative assets to major cryptocurrency firms like WisdomTree and Valkyrie Invest. Tokenized asset firm Securitize continues expanding investor access to private market alternative assets with the acquisition of the crypto currency fund manager Onramp Invest, which manages more than $40 billion in assets. Securitize is planning to simplify the access of registered investment advisors (RIA) to private equity, private credit and secondary asset classes with the acquisition of Onramp. The acquisition brings more than $40 billion in combined assets, which the Onramp platform handles for a community of RIAs across the United States. Onramp’s customer base Features some prominent firms in the crypto industry, including the exchange-traded (ETF) fund WisdomTree, asset manager Valkyrie Invest, the ETF firm Global X, crypto media Coindesk and others. As a result of the acquisition, RIAs will be able to offer their clients investment...

The scheduled launch date for these futures contracts is set for July 31, pending regulatory review. On June 29, the Chicago Mercantile Exchange (CME) Group announced its plans to introduce Ether/Bitcoin Ratio futures . The launch of these futures contracts is slated for July 31, subject to regulatory review. Efficiently capture the relative value of ether and bitcoin in a single trade with Ether/Bitcoin Ratio futures , launching July 31. https://t.co/WDFhIt5rJ7 — CME Group (@CMEGroup) June 29, 2023 According to the announcement, the settlement of Ether/Bitcoin Ratio futures will be in cash, based on the final settlement price of CME Group’s Ether (ETH)  futures divided by the final settlement price of CME Group's Bitcoin (BTC) futures . Moreover, this new contract will adhere to the identical listing cycle observed in CME Group’s Bitcoin futures and Ether futures contracts. Giovanni Vicioso, CME Group’s global head of cryptocurrency products, emphasized the potential for...

Digital bank Revolut has partnered with Koinly to integrate cryptocurrency tax report services for users. As Cryptocurrencies increasingly fall under the purview of global tax authorities, digital bank Revolut has integrated an automated tax report ing service for its users. The digital financial services provider has partnered with cryptocurrency tax solution Koinly to allow users to generate cryptocurrency tax reports to work out gains and losses. Revolut users will be able to synchronize their cryptocurrency transaction history with Koinly to expedite tax calculations. A discount on the service is being offered to new Koinly customers, with the onboarding process facilitated through the Revolut mobile app. Revolut serves over 18 million users across a number of different jurisdictions around the world following the acquisition of a banking license in Lithuania in late 2018. The digital bank has been offering cryptocurrency custody services since Dec. 2017. The fintech firm has sin...

Peer-reviewed blockchain network, Cardano, is one of the crypto market’s strong performers. The smart contract network has retained several investors’ interest and currently ranks as one of the top 10 most valuable blockchain projects. Meanwhile, Cardano’s utility token, ADA, has regained the $0.41 price peg in the past 24 hours. Can it retain this current value? What crypto investments have the potential for a 50x return in the closing months of 2022? ADA Price and Cardano’s Journey 2022 has been a rollercoaster season for all cryptocurrencies, including ADA. the digital asset has since toppled from its 2021 high of $3.10 and hit a 52-week low of $0.33 in the current crypto winter. However, things are gradually picking up, and the network token is back above the 40-cent mark. At press time, ADA is trading at $0.41, an uptrend of 5.83% in the past day. The digital asset’s sustained growth has been thanks to its much-anticipated blockch...

The Internal Revenue Service (IRS) has updated the crypto section in the 2022 draft instructions for tax form 1040. “For example, digital assets include non-fungible tokens (NFTs) and virtual currencies, such as cryptocurrencies and stablecoins,” the tax agency detailed. New IRS Instructions for Tax Form 1040 The Internal Revenue Service (IRS) released its 2022 draft instructions for tax form 1040 last week. Form 1040 is the tax form used for filing individual income tax returns in the U.S. The new instructions contain several changes relating to cryptocurrency. The section titled “Virtual Currency” has been replaced with one titled “Digital Assets.” The IRS detailed: Digital assets are any digital representations of value that are recorded on a cryptographically secured distributed ledger or any similar technology. For example, digital assets include non-fungible tokens (NFTs) and virtual currencies, such as cryptocurrencies and stablecoins. I...