Private Key Management Startup Raises $2 Million

Torus Labs Private Limited, a Singapore-based private key management startup, has raised $2 million in a seed-funding round led by Multicoin Capital, the company announced in a blog post on July 9, 2019. The round included participation from Binance Labs, Accomplice, Coinbase Ventures, Sixth Horizon and Terminal. Torus Labs said it will use the new…

Binance to Expand Services to Singapore

Binance has announced the expansion of its fiat-based trading platform to Singapore. The new platform will allow users to buy and sell cryptocurrencies such as bitcoin (BTC), ether (ETH), and binance coin (BCB) using the Singapore dollar (SGB). Using the Fast and Secure Transfers (FAST) system, an electronic funds transfer service from the Association of…

Congressman Reintroduces Hard Fork Tax Clarity Bill

U.S. Representative Tom Emmer has reintroduced a bill that benefits taxpayers who hold forked cryptocurrencies. The bill is called the “Safe Harbor for Taxpayers with Forked Assets” and it seeks to create clarity around the taxation of assets that results from hard forks. “Taxpayers suffering from the uncertainty of tax guidance are being unfairly punished…

CoinDeal Renews Wolverhampton Sponsorship

Crypto exchange CoinDeal has announced the renewal of its advertising agreement with the Wolverhampton Wanderers, a major English football team. The sponsorship means that CoinDeal will continue to sustain a brand presence within the mainstream sports world, a rarity for a bitcoin-focused company. CoinDeal, which operates a cryptocurrency exchange that has so far catered to…