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New IRS Policy on Crypto Clears the Air Though Left Some Issues Wide Open
7.11.2019
The tax-related cryptocurrency policy has been eagerly awaited in the United States of America for a long time. Finally, on October 9, the guidelines related to cryptocurrency taxation have been updated by the federal department, the Internal Revenue Service. All the contentious issues related...
Chinese Communist Party Reportedly Filling Roles at Top Exchange Huobi
6.11.2019
A source has reported to news.Bitcoin.com that the Chinese government is attempting to directly manage the crypto exchange industry in the country. According to the source, this could lead to frozen assets for U.S. account holders and others. Notably, Huobi Global’s website has announced that...
UK Tax Authority Issues Crypto Guidance for Businesses
4.11.2019
After clarifying how individual taxpayers should deal with cryptos last year, the U.K.'s HMRC has now issued guidance for enterprises
The Dangers of Mining Pools: Centralization and Security Issues
4.11.2019
What are the main and potential dangers of mining pools that every miner should be aware of? Let’s find out
China’s Tech Capital Shenzhen Issues 10 Millionth Blockchain Invoice
1.11.2019
The Chinese city of Shenzhen has seen 10 million blockchain-based invoices issued using blockchain technology
Low Interest Rates Are Crushing Young People and Fueling Global Riots
27.10.2019
There are currently riots going on in Chile, Hong Kong and Lebanon. While in every place they are caused by complex local issues, there is a global problem that is an underlying trend: low interest rates which make it impossible for young people to save for their future and at the same time push...
Cash Runs Dry at ATMs as Protests Escalate in Chile
26.10.2019
There’s a lot of unrest in Chile right now as the country has seen massive protests against government manipulation and an escalation of financial problems. Local reports detail a few banking establishments have been burned after customers started having issues withdrawing cash from ATMs....
Bank of Lithuania Issues Guidelines on Security Token Offerings
26.10.2019
Recognizing that businesses are seeking alternative ways to raise capital other than bank lending, the Bank of Lithuania has issued new guidelines on security token offerings. The goal is to clarify applicable rules without introducing more regulations. Also read: Mario Draghi Leaves European...
Lightning Network User Confused By Protocol: Lost 30,000 USD
24.10.2019
The Lightning Network has long been touted by its proponents as a speedy, low-cost solution to Bitcoin’s scaling issues. A series of security scares and UX issues have called that vision into question however. The latest LN slip-up saw a user lose 4 BTC in one fell swoop. Also read: Hidden...
HSBC Issues First Letter of Credit on a Live Blockchain in Malaysia, Involves Firm Importing Resins
16.10.2019
The list of use cases of blockchain just got bigger as banking giant HSBC has issued a Letter of Credit on a live blockchain. The transaction involves a company called Simply Packaging for importing resin from a Singaporean company. The European bank’s Malaysian arm was the issuing party, while...
US Treasury Secretary Says Firms Left Libra Due to Compliance Issues
14.10.2019
Steven Mnuchin has said that Facebook’s forthcoming Libra stablecoin is not ready to comply with existing money-laundering standards
5,200 Tobacco Shops in France Now Sell Bitcoin
11.10.2019
Bitcoin can now be purchased at 5,200 tobacco shops in France. Fintech startup Keplerk launched the service on Oct. 10 after halting it for many months. France’s 24,000 licensed tobacco shops have diversified into non-tobacco products to boost revenue. Also read: IRS Issues New Crypto...
Images Are Not Static Content
10.10.2019
We constantly hear about the importance of keeping websites lean and fast. A fast-loading website makes users more satisfied, and satisfied users spend more time and money on your website. However, website optimization is a complex task, as there is not one silver bullet to fix all of the issues...
IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In
10.10.2019
The U.S. Internal Revenue Service (IRS) has issued long-awaited guidance on the tax treatment of cryptocurrencies. It is generally described by the crypto community as a mixed bag since some parts are useful while others have raised many more questions, particularly how cryptocurrencies from hard...
Hong Kong Securities Watchdog Issues Rules on Funds Investing in Crypto
8.10.2019
Hong Kong's Securities and Futures Commission (SFC) has issued regulations for fund managers investing in "virtual assets."
Hyperledger Blockchain Group Weighs Changes to Fix Election Issues
7.10.2019
The blockchain consortium’s powerful technical steering committee is discussing changes to its elections process to boost voter turnout and more
SEC: If Bitcoin Was a Security, It Would ‘Raise Substantial Issues’
6.10.2019
Bitcoin is not a security, says the United States Securities and Exchange Commission in a letter to Cipher Technologies Bitcoin Fund
Amidst the Bearish Trend, Bitcoin SV Focuses on Solving Fundamental Issues
4.10.2019
In the latest statement, Bitcoin SV’s CEO stated that the developers are looking into core issues related to compliance, scalability, security, reliability, and practicality of the chain. Further, Anypay has announced that they will accept payments in Bitcoin SV at their WordPress store. After...
Japan’s Financial Regulator Issues Draft Guidelines For Funds Investing in Crypto
3.10.2019
The instructions from the FSA are vague and obvious, but they indicate some movement on the regulatory front
South Korean Court Issues Landmark Decision on Crypto Exchange Hacking
1.10.2019
The Seoul court ruled that a hacking is not the responsibility of an exchange but a transfer of funds is