According to a letter of May 16, the United States Internal Revenue Service(IRS) to issue tax guidelines for digital money. It has organized issuing tax direction on digital forms of money. Last month the US Reps had urged IRS to clarify reporting crypto taxes on cryptocurrency holdings. They asserted that there is still significant vagueness […]
Computer security specialists, White hat hackers were rewarded $32,000 for breach detection. They were detecting crypto security faults for the past two months. According, to a report made by Hard Fork on May 20. The White hat hackers were rewarded $878,000 last year for detecting the crypto bug. As per the article, a round figure […]
Back in January this year, Cryptopia, the crypto exchange faced a major blow. Hackers hit the firm and got away with $16 million worth of Ethereum. A few days ago the exchange entered liquidation and eventually shut down for good. Everything seems to have finished with the Cryptopia hack incident. However, it’s not over yet. […]
Lenzing which happens to be one of the world’s foremost fiber producing country is going to embrace blockchain. Soon, it will set up a blockchain tracking system for its supply chain of fiber. The announcement comes official from the website of the Austrian firm. Apparently, the fiber producer is teaming up with TextileGenesis, a blockchain […]
In its most recent paper distributed on Friday, the European Central Bank said the consolidated estimation of crypto-resources is small in respect to the financial framework. The linkages still constrain the monetary part. As of now, Cryptocurrency is not a danger to monetary dependability in the Euro Zone. The digital currency is not functioning like […]
ABN AMRO, a Dutch bank disavows its reveal plan about a custodial bitcoin wallet called “Wallie”. The bank abandons the launch due to endanger worries, as per a report by The Next Web. As in the report, Jarco de Swart, the ABM AMRO’S senior press officer mentions in an email that the bank is not […]
Bahrain based Ethereum powered exchange SprinkleXchange will list its first public listing in June. The announcement comes from the firm’s CEO in an interview. He says the listing will cost similar to that of a Swedish stock exchange. The pricing will be set using the Dutch auction method. However, it brings global access and better […]
On May 17, Dovey Wan, a founding partner at Primitive Ventures, an investment firm notes on a blog post that the Blockchain-empowered Yuan may permit the supervision of China. It may enable the government to have a great administration over both home and overseas economies. Albeit, the Chinese government has put restrictions over the cryptocurrencies […]
According to Google Trends, Bitcoin’s search interest this year has apparently been getting an ever-increasing number. Bitcoin has of late hit a 14-month high in the search interest. The cryptocurrency currently trading at $7,900, saw a sudden surge in the search interest this year. Such a rise in search interest hasn’t been seen since February […]
Patrick Byrne, the CEO of OverStock has sold almost 15% of his share. He justifies this move saying he wants to invest in blockchain projects. As the OverStock CEO sells the founder’s share, it led to a stir among the investors. Byrne happens to be the largest shareholder of the firm. However, the CEO mentions […]