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Bitcoin Daily: UK Tax Agency Defines Crypto As Commodities; Crypto Exchange Bittrex Sued For SIM Card Bitcoin Theft

PYMNTS

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments. I think this is a problem that requires a lot of solutions and a lot of layers of security.

Taxes 100
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security.

Online 98
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Fintech Fundings: 114 Companies Raised $7.3 Billion in April

Fintech Labs Insights

HQ: Seattle, Washington. Payment security technology. Income tax service. AI for capital markets news. Tags: Consumer, SMB, accounting, bookkeeping,, tax returns, tax prep. Source: Crunchbase. International payments service. Latest round: $38.5 million Series C. Total raised: $61.5 Source: Crunchbase.

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GonzoBanker Awards 2017

Gonzobanker

Bravo to CEO Brian Vance, President Jeff Deuel and team for a watershed expansion into the hot Seattle market with a bank whose commercial skills can complement those of its acquirer. The Get Outta Dodge (and Focus) Award – Goes to Capital One for exiting a significant mortgage business to focus on cards and direct banking.

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The Future Of Housing: From Home Building To City Planning, Tech Giants & Startups Are Reimagining Where & How We Live

CB Insights

We can use mobile apps and voice commands to control our lighting, temperature, and home security. The Washington-based company has raised $6M to date from Vulcan Capital, among others. Vulcan Capital, the private equity arm of Vulcan, made early bets in Seattle on downtown commercial real estate now largely occupied by Amazon.

Seattle 56
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11 Lessons From Startup Chapter 11s

CB Insights

In May 2018, Munchery ceased all operations in Los Angeles, New York, and Seattle, three of the company’s most valuable markets, leaving only its San Francisco business operational. Founded by Jane Park in Seattle in 2007, beauty brand Julep quickly grew from a scrappy startup to a major omnichannel retail operation.

Apple 78
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Avalara Unveils Enhanced Compliance Document Managent Solution, CertCapture

Fintech Labs Insights

Seattle-based Avalara unveiled a trio of enhancements to its compliance document management solution, CertCapture. The new features are designed to make it easier for SMEs to capture, manage, and analyze tax documents in real-time.