The U.S. Internal Revenue Service has been working on its first tax guidance for cryptocurrency since 2014, which will purportedly be released soon, as stated by the agency’s commissioner on Monday.IRS Commissioner Charles P. Rettig outlined a non-specific plan to...
The South Korean city of Seoul has stepped up its blockchain game to another level by implementing blockchain technology in its citizen cards, as reported by Korean publication Queen.co.kr on May 20.The mayor of Seoul, Park Won-soon participated in the ongoing event...
Calastone, a London-based global funds network announces that it made a massive switch of its entire fund trade clearing services system to blockchain Distributed Market Infrastructure (DMI) in a press release published on May 20.As per the release a migration of this...
The hope for approval of a Bitcoin (BTC) exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC) further dwindles, as the SEC delayed its decision on the VanEck bitcoin (BTC) exchange-traded fund (ETF) proposal, according to an...
ABN AMRO, a Dutch bank has announced the launch of a blockchain inventory tracking platform dubbed as Forcefield, in a press release published on May 17.As per the announcement, the platform is an Internet of Things solution that will enable the monitoring of physical...
The European Central Bank (ECB) published a paper on Friday concerning cryptocurrencies, within which the ECB claims that the digital assets do not pose a threat to financial stability in the euro zone.ECB states in the paper that the combined value of crypto-assets...
A blockchain-powered initial public offering platform, SprinkleXchange preps to list its first company in June, as reported by Bloomberg on May 17.Alexander Wallin, CEO of Bourse, hopes that over 1,000 companies will join the platform over the next three to four...
After a somewhat scary step-down, Bitcoin(BTC) along with most of the top 20 cryptocurrencies rebounded reporting moderate to notable gains on Sunday, 19th May. The flagship cryptocurrency Bitcoin pushed just below the $8,000 mark again, after a sharp correction on...
The CEO of Canadian-based messaging startup Kik, Ted Livingston explained that the company spent over $5 million on ongoing negotiations with the United States Securities Exchange Commission (SEC), as per an interview with cryptocurrency news outlet Coindesk published...
Amazon is awarded a patent for various techniques to build a proof-of-work (PoW) cryptographic system on Tuesday by the U.S. Patent and Trademark Office (USPTO).Initially filed in December 2016, the patent outlines how Merkle trees, a concept dating back to 1979, can...
