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Cryptocurrency Tax Management Software Provider CoinTracker Valuation Climbs To $1.3B. CoinTracker Competitors Include TaxBit, ZenLedger, And CryptoTrader.Tax.

CB Insights

CoinTracker , a cryptocurrency tax management software provider, has raised $100M in a Series A. The round drew participation from Accel, Coinbase Ventures, General Catalyst, Y Combinator, and Initialized Capital, among others. California-based CoinTracker enables crypto investors to track portfolio performance and taxes.

Taxes 61
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Crypto Fails To Impress For Corporate Tax Payments

PYMNTS

When the state of Ohio partnered with cryptocurrency company BitPay last year, it meant the state would become the first in the U.S. to allow businesses to pay their corporate taxes in bitcoin. Ohio’s effort signaled a renewed push for corporate adoption of cryptocurrency.

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Why Timing Is Everything On Tax Day

PYMNTS

Tax Day for Americans is here, or at least it will be on Tuesday, April 17. This year is a bit of an unusual year as far as taxes are concerned, since April 15 actually falls on a Sunday. Back then, taxes weren’t due on April 15. Tax season used to be a month and a half shorter.

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Bitcoin Daily: Korean Commission Suggests Allowing FIs To Offer Crypto; China’s OneConnect Platform Supports New Blockchain Financing Product

PYMNTS

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. Investors in the venture include TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC and more. .

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France To Allow And Regulate Crypto-Related Companies

PYMNTS

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. France is a precursor.

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Greylock-Backed Wealthsimple Raises $610M, Triples Its Valuation To $4B In 7 Months

CB Insights

Wealthsimple , a provider of tools for money management and portfolio investment, has raised $610M in its latest fundraise, valuing it at $4B. Investors include Greylock Partners, Inovia Capital, Redpoint Ventures, as well as celebrities Drake and Ryan Reynolds. users, with more than $10B in assets under management.

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Workforce Shifts Bring About Payroll’s Own Evolution

PYMNTS

As innovative technologies move down stream, small and medium-sized businesses are poised to benefit significantly from being able to customize a flexible payroll and human capital management (HCM) program. Employees and a shifting talent landscape have introduced the demand for payroll flexibility. ” In the U.S.,

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