Crypto
Cryptocurrency is Embraced by Fortune 500 Companies
The TDR Three Key Takeaways regarding Fortune 500 Companies and Cryptocurrency:
- Fortune 500 companies experience a 39% increase in blockchain initiatives.
- PayPal and Stripe leverage stablecoins and cryptocurrency for efficient cross-border payments.
- Clear crypto regulations are essential for US economic leadership, according to the report.
The increasing integration of blockchain and cryptocurrency projects by America’s top companies highlights a significant shift in the financial sector. Fortune 100 companies have increased their blockchain initiatives by 39% year-over-year, indicating a growing trend among trusted financial entities, according to research conducted for Coinbase by The Block. These entities, including PayPal and Stripe, are embracing crypto, especially through the development of spot bitcoin ETFs and tokenized US Treasury products.
Fortune 500 companies are recognizing the potential of cryptocurrency to revolutionize the financial sector. The rise in blockchain adoption among these companies signifies a broader acceptance of digital currencies. Cryptocurrency offers solutions to various financial issues, such as high remittance costs and slow transaction processing times, which traditional financial systems struggle to address. This is especially beneficial for small businesses, with 68% of them believing that crypto can solve these challenges.
Companies like PayPal (NASDAQ: PYPL) and Stripe are making significant progress in integrating cryptocurrency (stablecoins) into their payment systems. This aims to make transactions more efficient and accessible, particularly for cross-border payments. By leveraging stablecoins, these companies can reduce the cost and time associated with remittances, providing a more streamlined experience for users. This development is crucial as it benefits individual consumers and enhances the operational efficiency of businesses engaged in international trade.
The adoption of tokenized US Treasury products offers a more flexible and secure way to access these stable assets. Clear crypto regulations are crucial for fostering innovation and retaining developer talent in the US, ensuring the country remains a leader in technology and attracts investments.
Cryptocurrency can increase financial access for the underbanked and unbanked, offering an alternative to traditional banking. This can reduce poverty and promote economic development in underserved regions.
US leadership in the crypto space is vital, with a USD-backed digital currency offering faster, cheaper transactions, increased inclusion, and enhanced security. Clear regulations and support for this innovation will help maintain US economic dominance and set global standards. Want to be updated on Cannabis, AI, Small Cap, and Crypto? Subscribe to our Daily Baked in Newsletter!
Many Americans hesitant to file taxes amid IRS workforce cuts, survey finds
Think fewer IRS agents means you won’t get audited? Experts say think again.
Scripps News
A York County man allegedly failed to report gains from selling cryptocurrency on his individual income tax returns, according to the United States Attorney’s Office for the Middle District of Pennsylvania.
Waylon Wilcox, 45, of Dillsburg has been charged with filing false individual income tax returns, a news release states.
Acting U.S. Attorney John C. Gurganus alleges that Wilcox engaged in a complex cryptocurrency scheme. He sold his shares for more than $7,402,935 in 2021 and $4,899,180 in 2022 and failed to report the gains from the sale on his individual income tax returns, the release states.
Wilcox underreported his income for both tax years and reduced what he owed, Gurganus alleges.
In tax year 2021, Wilcox underreported his income by approximately $8,511,238, which reduced the tax owed by about $2,180,453, the United States Attorney’s Office alleges.
In tax year 2022, Wilcox underreported his income by approximately $4,599,532, which reduced the tax owed by about $1,098,623, the United States Attorney’s Office alleges.
“IRS Criminal Investigation is committed to unraveling complex financial schemes involving virtual currencies and non-fungible token (NFT) transactions designed to conceal taxable income,” Philadelphia Field Office Special Agent in Charge Yury Kruty said in the news release. “In today’s economic environment, it’s more important than ever that the American people feel confident that everyone is playing by the rules and paying the taxes they owe.”
The Internal Revenue Service, Criminal Investigation, investigated the case, the release states. Assistant U.S. Attorney David C. Williams is the prosecutor.
Expanded XRP Functionality Enables Seamless, Scalable Transactions for Real-Time Financial Workflows
Dubai, United Arab Emirates–(Newsfile Corp. – April 1, 2025) – Atua AI (TUA), the decentralized AI productivity platform for Web3, has expanded its integration with the XRP Ledger to enhance financial automation and transactional efficiency. This update reinforces Atua AI’s mission to deliver fast, intelligent, and secure financial operations through the combined power of artificial intelligence and blockchain technology.
Smarter workflows across seamless multichain systems
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8833/246874_468b22a364a0a8e3_001full.jpg
By deepening support for XRP’s fast, low-cost infrastructure, Atua AI enables more seamless financial workflows—including automated invoicing, payment triggers, and real-time asset transfers within its ecosystem. Users can now execute on-chain financial tasks more effectively, with XRP acting as a bridge between AI-driven decision-making and decentralized value exchange.
The enhanced XRP functionality also improves the speed and accuracy of financial modeling tools across Atua AI modules like Writer and Chat, while integrating with Classifier to validate transactions against compliance and security parameters. These developments allow businesses to automate complex payment logic, predict financial patterns, and streamline on-chain accounting tasks without leaving the Atua AI interface.
This milestone reinforces Atua AI’s commitment to interoperable, enterprise-ready AI systems. By leveraging XRP’s proven ledger for real-time financial automation, Atua AI delivers a powerful solution for enterprises and users seeking efficiency, speed, and scalability in Web3 finance.
About Atua AI
Atua AI offers AI-powered productivity and creativity tools in the Web3 space. Its features include Chat, Writer, Imagine, Voiceover, and Classifier—all designed to empower users with intelligent, decentralized solutions for content creation, coding, analysis, and more.
Media Contact
Dorothy Marley
KaJ Labs
+1 707-622-6168
media@kajlabs.com
Social Media
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246874
Trump Set to Meet With Top Aides to Decide TikTok’s Fate
This Tree Wants to Be Struck by Lightning
Trump Administration Begins Layoffs at CDC, FDA and Other Health Agencies
Deion Sanders defied doubters and returns to Colorado with a $10M per year deal. What’s next?
Torpedo bats are making a lot of noise — but they’ve been quietly in MLB for a few years
-
News6 days agoTrump Is Trying to Gain More Power Over Elections. Is His Effort Legal?
-
News1 week agoWashington Bends to RFK Jr.’s ‘MAHA’ Agenda on Measles, Baby Formula and French Fries
-
News1 week agoLeft-Wing Democrats Wait on AOC’s Decision as They Look to 2028 Election
-
News7 days agoCompanies Pull Back From Pride Events as Trump Targets D.E.I.
-
Technology1 week agoTrump officials planned a military strike over Signal – with a magazine editor on the line
-
World1 week agoAt least six people killed in Israeli attacks on southern Syria
-
News1 week agoMurphy, Eagle Who Became a Foster Dad, Found Dead After Storm
-
World7 days agoNo, Norway and Sweden haven't banned digital transactions