5 Chinese Banks to Build Blockchain-powered Trade Platform + More News

31.8.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain news The China Banking Association (CBA), a self-regulating organization that represents China's banking sector, will team up with...

Bitcoin News Roundup for Aug. 31, 2020

31.8.2020
With bitcoin still lagging behind U.S stocks and additional tax guidance in the U.S., CoinDesk's Markets Daily is back for your latest crypto news roundup!

Is Ethereum Left and Bitcoin Right?

31.8.2020
Hacktivist Bitcoin developer Amir Taaki took aim at Ethereum co-founder Vitalik Buterin on Twitter recently for essentially writing off smart contracts inventor Nick Szabo as a right-wing crank. Taaki wrote that this sort of attitude was typical of an “Eth[ereum] culture which is about sparkling...

South Korean Central Bank Turns to Private Sector for CBDC Help

31.8.2020
South Korea is a step closer to welcoming a central bank digital currency (CBDC), with design and implementation reviews complete – and private companies now set to get involved. Per reports from Seoul Kyungjae and Chosun, the nation’s central bank, the Bank of Korea (BOK), now says it wants...

Crypto Earnings from Microtasks Still Taxable in the US - IRS

31.8.2020
Cryptocurrency is “a substitute for real currency,” and any “convertible virtual currency received is taxable as ordinary income,” a recently published memo from the US Internal Revenue Service (IRS) has declared. The new clarification by the IRS was made in response to a request for clarification...

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