BITCOIN AND CRYPTO
Engiven | March 30, 2022
Engiven, Inc., a pioneer in the cryptocurrency donation arena, announces the release of its IRS tax form and appraisal service for cryptocurrency donations. The Engiven platform now saves time and adds tremendous value by automatically generating the required IRS Form 8282 for nonprofits and IRS Form 8283 for crypto donors. Additionally, Engiven will provide a free appraisal to all donors who give $5,000 of crypto or more to nonprofits using the Engiven platform.
With tax season upon us, we want to ensure that donors and nonprofits on the Engiven platform have the required, pre-filled, tax forms needed to comply with IRS regulations for cryptocurrency donations. By automating the tax form creation process, we hope to bring value to donors and enable nonprofits to save time and free them up to focus on their mission."
James Lawrence, Engiven's CEO.
Engiven's IRS tax form and appraisal service works as follows. If a cryptocurrency donation of $500 or more is exchanged for USD, it is necessary for the nonprofit to file IRS Form 8282 for the donation. The Engiven platform automatically enters the donation information into the Form 8282 and sends the completed form to the nonprofit to sign and file. If a donor gives a cryptocurrency donation of $500 or more, the donor must file Form 8283 with their tax return for the donation. If the donation is $5,000 or more, the donor must also obtain an appraisal, which can be a major expense to the donor. The Engiven platform now automatically sends the donor a contribution receipt with a secure link for the donor to generate their Form 8283 and the appraisal. The appraisal is free to the donor.
Engiven understands what nonprofits and their donors need when it comes to processing crypto donations. Their new tax form service saves us a significant amount of time and provides the donor with a turn key solution, which until now, was time consuming and expensive."
Amy Fox, Chief Financial Officer of Players Philanthropy Foundation.
Engiven believes cryptocurrency will continue to provide an exceptional tax-based giving opportunity for donors who have been holding crypto long-term, and handling the tax form creation for nonprofits and their donors provides the next level of service to the crypto community.
Founded in 2018, Engiven is a leading provider of cryptocurrency donation services to nonprofits and faith-based organizations. The Engiven platform provides a highly automated crypto giving solution that includes block chain monitoring, automatic exchanges, gift receipts, bank deposits, IRS tax form creation, custody options, and a full suite of developer APIs. Engiven's nonprofit clients include some of the most respected charities and ministries in the United States including The Salvation Army, US Figure Skating, Compassion International, Texas A&M, and North Point Ministries. Engiven does not provide tax advice. Please consult your tax advisor before filing.
Paymerang | December 20, 2021
Paymerang is using Amazon Web Services (AWS) to empower mid-market businesses to accelerate vendor payment and deliver world-class customer service. To support the rapid growth of the company, Paymerang uses five AWS products for its operations and client services.
Paymerang chose AWS because it simplifies and streamlines many time-consuming administrative processes while elevating existing database operations. The low cost and reputable products made it an easy transition to AWS.
As Paymerang continues to expand, the company needed a cloud offering that is reliable and flexible enough to keep up with their rapid growth – so they turned to AWS. Using AWS's proven global infrastructure and database, analytics, contact center, and security capabilities, Paymerang has the ability to grow and scale their businesses while accelerating innovation in their payment automation solutions."
Dave Trotter, Director of SMB Sales at Amazon Web Services, Inc.
As a part of ongoing maturity and sophistication in the AP Automation space, Paymerang has made significant investment in migrating relational data storage to Amazon Aurora. Amazon Aurora enables Paymerang to leverage an enterprise class database technology with multi-region capabilities to read replicas, and automate crash recovery at a fraction of the cost of a proprietary database system.
"This collaboration proves Paymerang's commitment to being a cloud-first company. We're thrilled to work with AWS, the best in the business, to power the next generation of fintech solutions," said Nasser Chanda, CEO of Paymerang.
As the company grew, it realized the importance of using a premiere contact center solution with flagship application integration. Amazon Connect has streamlined payment operations by reducing the number of unique phone numbers while also greatly improving the quality of calls. Since implementation, Paymerang has seamlessly integrated the rich data generated from Amazon Connect and Contact Lens directly into their enterprise data lake. This creates advanced dashboards that quickly show supervisors how efficient the operations teams are performing.
Paymerang is leveraging Amazon Cognito to integrate with their authentication and authorization systems to identify users in the system, authorize approved actions those users can execute based on their role, and integrate with fine-grained access controls using AWS Identity and Access Management (IAM). Amazon Cognito provides the peace of mind for Paymerang to know they have the army of security engineers at AWS on their side, allowing them to reallocate resources to building client-facing features.
Paymerang generates rich data, and when exploring various analytics and reporting tools on the market, it was clear that the best tool at the best cost was Amazon QuickSight. The seamless integration between Amazon QuickSight and Paymerang created immediate time and cost savings. Amazon QuickSight has quickly become the primary report technology of choice, and Paymerang is already working to embed Amazon QuickSight dashboard capabilities into their products using Amazon QuickSight Q and embedded analytics.
Paymerang provides streamlined invoice and payment automation solutions that bring Accounts Payable (AP) departments into the modern age. Paymerang's solutions save AP departments hundreds of hours annually, enhance visibility, increase accuracy, improve efficiency, and earn rebates while reducing paper, fraud risks, and operating costs.
BITCOIN AND CRYPTO
Greenfire Group | April 28, 2022
The industry has welcomed a brand-new cryptocurrency mining company based in Phoenix, AZ, called Greenfire Group. The innovative new company is just a few months old, but has already achieved stunning results in record time. Greenfire Group is Arizona's largest cryptocurrency mining operation - and with massive growth on the horizon, the company is likely to claim many more record-breaking titles.
Debuting just 120 days ago, Greenfire Group has wasted no time making a name for itself in this fast-paced, highly competitive field. The company is setting a new standard by building its own systems in-house rather than purchasing them, standing apart from many other crypto mining companies. Greenfire Group sources and constructs its mining rigs, boosting asset value immediately, offering an attractive position for their investors. The operation largely focuses on ETH (Ethereum), but they also mine Revencoin and ETC.
Greenfire Group has already proven to be an aggressive competitor in revenue and asset generation. Through their wholly-owned and proprietary crypto mining operation, the company can maintain a notably bold approach to accumulating assets.
In December of 2021, Greenfire Group started with just a single machine, making its rise to success even more impressive. Co-founders Babak Motamedi and Craig Heimburger have nurtured the company into a flourishing operation, with dozens of active mining rigs, hundreds of graphics cards, and waves of additional systems going live within the next few weeks and on. Within the first weeks of operation, Greenfire Group was doing half an Ether (ETH) every four days; now, that's shot up to 15 ETH coin each month. Few crypto miners can compare to quadrupling production rates within three months, which is just one of the many reasons Greenfire Group is one to watch.
Despite being in its early stages of existence, Greenfire Group is already charting a direct route towards incredible growth. Their upward success has led to plans for expansion into a new, multi-megawatt facility this summer, enabling the company to scale its crypto mining operations even more. The rapid growth of its crypto mining footprint accelerated the move-in process due to the company's incredible pace and scaling of operations. The new building has capacity for 2,000-plus miners and will allow Greenfire Group to aggressively ramp up generation of crypto assets.
About Greenfire Group:
Greenfire Group is Arizona's largest cryptocurrency mining operation and one of the state's newest. The company has achieved astounding success at an accelerated rate in just four short months. They are now in the top third of crypto miners utilizing Flexpool globally and are on track to become one of the nation's - and the world's - largest mining operations.
bestinvestmentsnow | December 15, 2021
Voyager Digital Ltd. (“Voyager” or the “Firm”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of many fastest-growing, publicly traded cryptocurrency platforms in the USA, as we speak introduced a multi-year settlement with The Nationwide Ladies’s Soccer League, making Voyager the NWSL’s first-ever cryptocurrency brokerage companion, additional extending the league’s world advertising attain, and offering gamers with direct monetary assist, crypto training and rewards. “We’re extraordinarily proud to companion with the NWSL, particularly to assist the league develop and supply its gamers with crypto training and direct monetary assist, paid in crypto,” stated Steve Ehrlich, CEO, and co-founder of Voyager. “We imagine strongly in the way forward for these gamers and this league, and we won’t wait to get began.”