Tax withholding

Mercado Bitcoin Lists eUSD & eGBP Digital Cash stablecoins by ARYZE

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Wednesday, April 3, 2024

Bitcoin, MB, Tax withholding, EUSD, Partnership, Landing slot, Tota, Polygon, EGBP, Digital currency, Cryptocurrency

Digital Cash stablecoins are full-reserve, asset backed in short-term government bonds, and are issued by ARYZE BVI, a wholly owned subsidiary of Aryze ApS Denmark.

Key Points:

Digital Cash stablecoins are full-reserve, asset backed in short-term government bonds, and are issued by ARYZE BVI, a wholly owned subsidiary of Aryze ApS Denmark.
Digital Cash stablecoins operate on various blockchain networks, and at MB can be found on the Polygon blockchain.
Jack Nikogosian, ARYZE CEO, commented: "We are thrilled to broaden our Digital Cash stablecoins' footprint with Mercardo Bitcoin.
Digital Cash is unique amongst stablecoins as cross currency conversion is embedded into the fabric of every coin bringing previously unseen fungibility between major currency pairs and making Aryze Digital Cash globally relevant.

Flash News: OKX Wallet Launches Lybra Bonus Event Offering Users Up to 12% Additional APR

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Thursday, January 4, 2024

APR, OKX, ETH, Investment, Decentralized finance, Tax withholding, Web3, Curve, Cryptocurrency

OKX Wallet is pleased to announce that, until February 3, 2024, users who stake ETH with Lido can earn an additional 3% APR.

Key Points:

OKX Wallet is pleased to announce that, until February 3, 2024, users who stake ETH with Lido can earn an additional 3% APR.
Users can then stake their stETH to mint eUSD and earn an additional 5% APR and lastly invest their eUSD with Curve to earn up to 4% in additional APR.
To participate, users simply need to access the event through the OKX App or the OKX Web3 official website.
Only investments made through OKX DeFi following the commencement of the event will be eligible for rewards.

Flash News: OKX Wallet Partners with Lybra Finance, Giving Users an APR Boost of Up to 12% on Staked ETH

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Tuesday, December 12, 2023

OKX, APR, Decentralized finance, Tax withholding, UTC, Web3, ETH, Cryptocurrency

SINGAPORE, Dec. 12, 2023 (GLOBE NEWSWIRE) -- OKX , a leading Web3 technology company, has issued updates for December 12, 2023.

Key Points:

SINGAPORE, Dec. 12, 2023 (GLOBE NEWSWIRE) -- OKX , a leading Web3 technology company, has issued updates for December 12, 2023.
OKX Wallet Partners with Lybra, Giving Users an APR Boost of Up to 12% on Staked ETH
OKX Wallet today partnered with Lybra Finance offering users who stake ETH with Lido, then deposit stETH with Lybra to mint interest-bearing eUSD and then stake eUSD to Curve LP eUSD-3CRV the opportunity to earn up to 12% in APR boost on OKX DeFi - in addition to any base APR.
To enjoy an enhanced APR, users simply need to:
Use the stETH from Lido to mint eUSD on Lybra, and earn up to 4% additional APR
Also, if users have peUSD, they can also stake their peUSD to Curve LP peUSD-USDC.e and earn up to 5% additional APR.
OKX DeFi is a powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

Flash News - OKX Launches LBR Airdrop as Part of LBR Earn Campaign

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Tuesday, August 29, 2023

Amazon Product Advertising API, ETH, Decentralized finance, Web3, LBR, Tax withholding, SAN, OKX, Compact Disc manufacturing

Following the listing of LBR on the OKX exchange, OKX is rolling out an LBR Earn campaign.

Key Points:

Following the listing of LBR on the OKX exchange, OKX is rolling out an LBR Earn campaign.
Users can participate by staking ETH to earn LBR, with a total of 15,000 LBR to be given away.
The Lybra (LBR) token is the native token of the Lybra Protocol and plays a vital role in governance within the protocol.
This free airdrop marks the launch of OKX's LBR Earn campaign, which will allow users to conveniently grow their LBR holdings, enjoy attractive APYs with zero fees and access exclusive offerings.

Rpay Secures a License from the U.S. Office of Foreign Asset Control to Provide Stablecoin Payments and Remittances in Venezuela

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Thursday, June 29, 2023

SAN FRANCISCO, June 29, 2023 /PRNewswire-PRWeb/ -- Rpay, a stablecoin wallet built by the team behind Reserve used throughout Latin America by regular people for savings, shopping, payroll, and remittances, announced it has successfully secured a license from U.S. Office of Foreign Asset Control (OFAC), a financial intelligence and enforcement agency of the U.S. Department of the Treasury responsible for administering and enforcing economic and trade sanctions, to help Venezuelan residents protect their savings from hyperinflation and devaluation.

Key Points:

Rpay has been working with the United States government to obtain this license in order to contribute to the strategic vision of providing a means of stable payments for Venezuelan residents.
The ability of Rpay to navigate these challenges successfully sets them apart in the industry.
"This license is a victory not only for the project but for arguably the most vulnerable population in Latin America," commented Gabo Jiménez, CEO of Rpay.
Instead of increasing our risk we decided to ask the government to work directly with us to find a solution.

Celsius Announces Fahrenheit, LLC as Winning Bidder to Manage New Entity to Be Owned by Celsius Creditors

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Thursday, May 25, 2023

Celsius Network LLC (“Celsius” or the “Company”) today announced that, following the completion of the Court‑approved auction process, Celsius, in consultation with its official committee of unsecured creditors (the “Committee”), has selected a proposal from Fahrenheit, LLC (“Fahrenheit”), as the winning bid.

Key Points:

Celsius Network LLC (“Celsius” or the “Company”) today announced that, following the completion of the Court‑approved auction process, Celsius, in consultation with its official committee of unsecured creditors (the “Committee”), has selected a proposal from Fahrenheit, LLC (“Fahrenheit”), as the winning bid.
Under the Plan, Celsius’ account holders will own 100% of the new equity in NewCo (subject to dilution by the equity to be distributed to Fahrenheit as management fees).
NewCo will be overseen by a new Board of Directors, a majority of which will be appointed by creditors.
The winning bid also provides attractive offers for Celsius to immediately energize its mining rigs that are currently inactive and for NewCo to build its mining business over time.

LATAM Payments App RPay with $5.7B in Volume Adopts Decentralized Stablecoin eUSD

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Thursday, March 30, 2023

Petro, Crypto, Tax withholding, USDC, Mexico and the International Monetary Fund, USD, Community business development corporation, Silicon, Federal Reserve responses to the subprime crisis, RSV, Federal Reserve, SAN, International Monetary Fund, Cryptocurrency, Circle

SAN FRANCISCO, March 30, 2023 /PRNewswire-PRWeb/ -- RPay, a project from Reserve, announces the adoption of the electronic dollar (eUSD) by the popular Latin American-focused payments app RPay in place of its previous stablecoin RSV.

Key Points:

Widely used in Latin America, the RPay app integrates decentralized stablecoin eUSD for stable payments, mitigating risks and adding improved safeguards for users during times of financial system instability.
SAN FRANCISCO, March 30, 2023 /PRNewswire-PRWeb/ -- RPay, a project from Reserve , announces the adoption of the electronic dollar (eUSD) by the popular Latin American-focused payments app RPay in place of its previous stablecoin RSV.
Latin America has experienced some of the highest inflation in recent decades, and people have reacted by adopting RPay stablecoin payments for shopping, payroll, and remittances, among other p2p payment needs.
This is exactly what eUSD offers due to its use of overcollateralization above and beyond its 1:1 USD stablecoin collateral.

Moby Launches Asset-Backed Electronic Dollar eUSD with Proof of Reserves On-Chain and Auditable 24/7

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Thursday, February 23, 2023

Ethereum, Compound, Decentralized finance, FTX, MobileCoin, Treasury, Tax withholding, United States dollar, BUSD, DAO, MOBY, Cryptocurrency, Vernacular

RENO, Nev., Feb. 23, 2023 /PRNewswire-PRWeb/ -- Moby launches the electronic dollar (eUSD), a decentralized 1:1 asset-backed stablecoin using Reserve Protocol.

Key Points:

In the wake of the FTX implosion, the need for proof of reserves has never been greater.
Pegged to the US Dollar, eUSD is backed 1:1 by a diversified basket of yield-bearing, trusted stablecoin derivatives utilizing Compound and Aave (aUSDC, cUSDC, aUSDT, cUSDT).
MobileCoin is bringing eUSD to its worldwide payments application and wallet, MOBY, by using the Reserve platform.
eUSD transactions using MOBY remove borders and offer more cost-effective remittances and peer-to-peer payments than ever before – all with sub-penny fees.

Orion Energy Systems Reports Q3 Revenue of $20.3M; Reiterates FY’24 Outlook for 30% Revenue Growth

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Thursday, February 9, 2023

Despite this, year-to-date, we have grown the remaining business by 9% versus the year-ago period, and our initial outlook for FY’24 anticipates revenue growth of at least 30%.

Key Points:

Despite this, year-to-date, we have grown the remaining business by 9% versus the year-ago period, and our initial outlook for FY’24 anticipates revenue growth of at least 30%.
“Our growth outlook is supported by the environmental benefits and costs savings delivered by our LED lighting solutions.
We believe EV charging solutions have the potential to become a significant revenue opportunity for Orion over the next few years.
Orion also expects FY’24 revenue growth of 30% or more over FY’23 and plans to provide more specific details about its FY’24 outlook when it reports its Q4 results.

Carvana Adopts Tax Asset Preservation Plan Designed to Protect Long-Term Shareholder Value by Preserving the Availability of Its Net Operating Losses

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Tuesday, January 17, 2023

Online Retail, Retail, Other Automotive, General Automotive, Automotive, NOLS, IRC, Person, Tax withholding, Securities and Exchange Commission (Nigeria), NOL, Internal Revenue Code, Security (finance), Carvana

Carvana believes that the adoption of the Tax Asset Preservation Plan is in the best interest of the company, given the potential value that the significant NOLs represent.

Key Points:

Carvana believes that the adoption of the Tax Asset Preservation Plan is in the best interest of the company, given the potential value that the significant NOLs represent.
The Tax Asset Preservation Plan is similar to those adopted by numerous other public companies with significant NOLs.
Carvana’s Board of Directors has the discretion to exempt any person or group from the provisions of the Tax Asset Preservation Plan.
Additional information about the Tax Asset Preservation Plan will be available on a Form 8-K to be filed by Carvana with the U.S. Securities and Exchange Commission.