Digital Cross-Border Net Terms Now Empowers B2B Transactions

Article content Seamless Net Terms and Trade Credit Invoicing Without Risk or Hassle Are Now Available to B2B Merchants Worldwide Article content CALGARY, Alberta, Oct. 12, 2022 (GLOBE NEWSWIRE) — Reach, the global leader in cross-border e-commerce payments, is pleased to announce that its payments system now enables net terms of up to 60 days … Read more

Reversible transactions could mitigate crypto theft — Researchers

Stanford University researchers have come up with a prototype for “reversible transactions” on Ethereum, arguing it could be a solution to reduce the impact of crypto theft. In a Sept. 25 tweet, Stanford University blockchain researcher Kaili Wang shared a run down of the Ethereum-based reversible token idea, noting that at this stage it is … Read more

IRS to summon users who don’t report and pay tax on crypto transactions

With the crypto community growing bigger and as trading volumes reach new highs, the United States is also making more effort to ensure that its Internal Revenue Service (IRS) could properly collect cryptocurrency tax.  U.S. Attorney Damian Williams, Deputy Assistant Attorney General David Hubbert and IRS Commissioner Charles Rettig announced that U.S. judge Paul Gardephe … Read more

Coinbase to hand out ENS usernames to simplify wallet transactions

As simplified wallet addresses become more popular within the blockchain space, crypto exchange Coinbase integrated with Ethereum Name Service (ENS) to give their customers usernames to replace their traditional Coinbase crypto wallet addresses.  In a post, the exchange announced that it will be handing out free “name.cb.id” usernames. Through Coinbase Wallet’s browser extension, people can … Read more

AVAX Posts Over 2 Million Transactions Over The Weekend, New Highs Seen

Avalanche (AVAX) has been leading a couple of prominent DeFi projects including Platypus. Platypus is a DeFi project built on the AVAX ecosystem that won the prestigious Avalanche X Grant. This DeFi protocol aims to provide a user-friendly and scalable stableSwap platform. More so, its dream is to create an Automated Market Maker (AMM) right … Read more

Australian state police sets up crypto division to trace transactions

Law enforcement in Australia is working to boost cryptocurrency expertise and trace crypto transactions by setting up a dedicated police group. The Australian Federal Police (AFP) has established a new cryptocurrency unit to focus on monitoring crypto-related transactions, The Australian Financial Review reported on Monday. Stefan Jerga, the national manager of the AFP’s criminal asset … Read more

Are Bitcoin transactions anonymous and traceable?

It can be difficult to track Bitcoin transactions when people use various wallets and Bitcoin mixers. These factors disrupt the search process and take up a lot of time. Despite the fact that it is challenging for users of a Bitcoin wallet to conduct transactions completely anonymously, there are several ways to get close to … Read more

South Korean authorities arrest 16 individuals connected to $2B crypto forex transactions: Report

Authorities with South Korea’s customs service have reportedly arrested 16 people involved in illegal foreign exchange transactions connected to crypto assets worth roughly $2 billion. According to a Tuesday report from South Korean news agency Newsis, the country’s customs authorities plan to prosecute 2 unnamed individuals linked to the illicit transactions, impose fines on 7 … Read more

Home Depot Stock Slips as Customer Transactions Decline

Text size A man shops for supplies at a Home Depot store in Alhambra, California. (Photo by FREDERIC J. BROWN/AFP via Getty Images) Home Depot reported second-quarter earnings $5.05 a share, topping analysts’ estimates, and reaffirmed its 2022 guidance. But Home Depot (ticker: HD) shares fell 2.2% in premarket trading to $307.82 after customer transactions … Read more

Amex GBT: Q2 Transactions Near 70 Percent of ’19 Level

Second-quarter transactions for American Express Global Business Travel recovered to 69 percent of 2019 levels, representing $6.5 billion of total value, and revenue recovered to 65 percent of pre-pandemic levels at $486 million, the travel management company reported in an earnings call. The transaction recovery, which takes into consideration Amex GBT’s acquisitions of Egencia and Ovation Travel Group, marked … Read more