Tag: Cryptocurrency
Crypto tax implications are often a costly surprise
Rhode Islanders who own cryptocurrency may be sitting on a tax surprise waiting to surface.
That’s because the IRS treats digital assets not as cash...
As crypto ATM scams grow, R.I. moves to prevent them
These aren’t your parents’ ATMs – they’re a new tool increasingly exploited by scammers.
Similar in appearance to traditional ATMs found in convenience stores, laundromats...
SEC filing of the week: Ocean Biomedical faces loss of licensing...
PROVIDENCE – Ocean Biomedical Inc. is facing the termination of licensing agreements for technologies developed at Brown University and Rhode Island Hospital.
In its filing...
SEC filing of the week: Ocean Biomedical expands into energy, digital...
PROVIDENCE – Ocean Biomedical Inc. is expanding into the energy and digital-asset sectors while announcing it has been delisted on the Nasdaq Stock Market...
Gu and Casimiro introduce bill to regulate crypto ATMs in Rhode Island
PROVIDENCE – Rhode Islanders lost more than $10 million to cryptocurrency scams in 2023, according to the FBI.
As a response, a bill filed by Sen. Victoria...
States could see a crypto policy blitz in 2025; will R.I....
If the R.I. State Investment Commission, which manages the state’s $11 billion public retirement system, had a crystal ball in 2019, it could have...
The end of the cryptocurrency ‘nightmare’ on ledgers?
As cryptocurrency investors rode the digital currency rollercoaster over the last several years, Claire M. Iacobucci was right alongside them.
As partner and director of...
Treasury recommends exploring creation of a digital dollar
WASHINGTON (AP) – The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying...
Should nonprofits actively seek cryptocurrency donations?
Always in search of new donation sources, Rhode Island nonprofits are beginning to dip their toes into cryptocurrency.
Providence Business News recently reported that The...
Some R.I. nonprofits beginning to accept cryptocurrency donations
PROVIDENCE – Fundraising is a significant element to a nonprofit’s operations in order for the organizations to serve their respective communities. While organizations regularly...
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