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HSBC Used Voltron Blockchain in a Letter of Credit Transaction Using Yuan
3.9.2019
On Tuesday, HSBC used the technology of the Voltron blockchain platform and completed a transaction between Hong Kong’s MTC Electronics, sending LCD parts to its parent company in Shenzhen. It was a letter of credit transaction, done using Chinese renminbi (Yuan). Letters of credit or bankers...
HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit
3.9.2019
HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan
HSBC Completes First Blockchain Letter of Credit Transaction in Yuan
2.9.2019
HSBC conducted the first blockchain-based yuan-denominated letter of credit transaction using R3’s Corda-powered Voltron platform
Agorism and Bitcoin: Free People Don’t Ask Maxine Waters for Permission
30.8.2019
Anti-agorism Congressional Representative Maxine Waters still has misgivings about Facebook’s proposed Libra digital currency, even after meeting with Swiss government officials to discuss the tech last week. The sustained reservations echo the message of July’s open letter from...
What to Do if You Just Got a Crypto Tax Letter from the IRS
15.8.2019
Have you just woken up to find a letter from America’s top tax authority, the Internal Revenue Service (IRS) in your mailbox, asking you to pay tax on your crypto earnings… and come to the sad realization that you’re not having a nightmare?
Scores of American cryptocurrency traders have received...
US Crypto Holders Only Have a Few Days to Reply to the IRS 6173 Letter
14.8.2019
Did you get letter 6173 from the IRS? You only have a few days to reply
Binance Receives Letter Of Appreciation From Kure City Mayor For West Japan Disaster Relief Project
10.8.2019
Binance Charity Foundation, the philanthropic arm of Binance Chain has received a Letter of Appreciation from the Mayor of the city of Kure in West Japan, for its efforts in collecting donations for the West Japan Disaster Relief Project. Binance tweeted about the LoA, along with its report on...
Standard Chartered Makes Letter of Credit Transaction Using Blockchain
7.8.2019
Standard Chartered has completed its first cross-border blockchain letter of credit transaction in the oil industry with Thai state-owned oil giant PTT Group
Indian Tax Authority Sends Probing Questions to Crypto Owners – Experts Weigh In
7.8.2019
As the Indian government deliberates on the country’s crypto policy, the tax authority continues to send out letters with lengthy, probing questions to crypto owners. News.Bitcoin.com talked to industry experts to find out the implications of these letters, what people can do when receiving...
Tax Expert: IRS Letters Confirm That Trading Cryptos Is a Taxable Event
5.8.2019
The U.S. Internal Revenue Service (IRS) announced on July 26 that 10,000 American cryptocurrency users will receive a letter reminding them to pay taxes or amend any mistakes on past filings. At the time, IRS Commissioner Charles Rettig said U.S. taxpayers should take the warning letters...
NYAG Pushes Back on Bitfinex’s Claim That State’s Investigation Is Burdensome
1.8.2019
The New York Attorney General office pushed back on Bitfinex's complaints about the cost of complying with the agency's demands for documents
Ripple Writes Open Letter to Government, Asks for Fair Crypto Regulations
29.7.2019
Leading crypto-blockchain network Ripple has penned an open letter to the US Government, requesting fair regulation of the crypto industry. The letter comes as a response to the growing dissent in the government regarding digital currencies, especially after social media giant, infamous for several...
Diamonds and the Treasury Debt Ceiling: Why Nothing Has ‘Intrinsic Value’ in Economics
15.7.2019
The U.S. Treasury Department has just issued an urgent letter requesting a lift on the debt ceiling, warning Congress of imminent financial collision in September as federal cash is running out. Though this scenario has played out many times before, it takes on special significance now in light...
The Swiss Are Onto Something: Facebook, Libra and the Case for Decentralization
4.7.2019
A recent letter from the U.S. House of Representatives to social media giant Facebook has crypto users speculating feverishly. The implications of the letter, and Calibra CEO David Marcus’ recent response, will inform the future of money not only in America, but worldwide. House Chairwoman...
Facebook Receives Letter From The House Lawmakers Asking Them To Officially Put Libra Development On Hold
3.7.2019
Facebook’s digital currency Libra is in the news again but seemingly for all the wrong reasons. According to the reports doing the rounds since 2nd July 2019. The social networking giant has received a formal letter from the US lawmakers that asks the company to officially put the development...
Ross Ulbricht Letter Questions the Wisdom of Imprisoning Non-Violent Offenders
29.6.2019
Forced to spend the rest of his days in a cage, Ross Ulbricht has recounted his situation in a letter, which explains how he’s spent more than 2,096 days in a U.S. federal penitentiary for running a website. Also Read: Bitcoin ‘Inventor’ Craig Wright Claims He Can’t Access...
US Lawmakers Urge Trump Advisor Larry Kudlow to Promote Blockchain
29.5.2019
U.S. lawmakers have asked Trump advisor Larry Kudlow to include blockchain on a list of tech initiatives to support
IRS Plans to Issue Guidance on Virtual Currency Taxation
21.5.2019
Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official...
Powers of Two
28.3.2019
Refactoring is one of those words that evokes fear in the eyes of many folks, from developers to product owners and everyone in between. It may as well be a four-letter word in many ways. It's also something that we talk about quite a bit around here because, like books on the topic, where to start...
SEC’s Assessment Concludes that Ethereum is not a Security, IBM Joins Crypto Custody Business
13.3.2019
U.S. Securities and Commission Exchange (SEC) Chairman Jay Clayton has written a letter to U.S. Rep. Ted Budd in which he agrees with Division of Corporate Finance Director Bill Hinman evaluation that Ethereum, the second largest digital asset by market […]
The post SEC’s Assessment Concludes...