The American Institute of CPAs has sent the IRS a letter to clarify tax status of small virtual currency transactions and nine other virtual currency issues, according to The Wall Street Journal. A bitcoin payment for a small purchase can have an investment gain or loss on that purchase under the IRS’s existing tax treatment. […]
Bitcoin and ether prices rode a rollercoaster during the week ending 24th June, a period defined by the UK’s vote to leave the European Union.
The Swedish National Land Survey (Lantmäteriet) recently announced that it is conducting trials of a system that uses blockchain technology for land registration. The project, if successful, could have a major a impact on how land deals are conducted. The Lantmäteriet, in partnership with Swedish blockchain company ChromaWay‚ consulting firm Kairos Future and telecommunications company […]
Important Disclaimer: NOTHING HEREIN IS INTENDED TO BE UNDERSTOOD AS LEGAL ADVICE. CONSULT A LAWYER QUALIFIED TO PROVIDE LEGAL ADVICE IN YOUR JURISDICTION. News broke early Friday morning that the DAO had been exploited using a code error (first described by Peter Vessenes) in the DAO software that caused the exploiter of the DAO (“Exploiter”) to be […]
In a speech prepared for the Lord Mayor’s Banquet for Bankers and Merchants of the City of London at the Mansion House, Mark Carney, governor of the Bank of England (BoE), revealed that the BoE is launching a fintech accelerator. “I am announcing tonight that the Bank is launching a fintech accelerator to work in […]
Bitcoin price plunged over $100 today, dropping to a low of $546.84 on the Bitstamp Price Index (BPI). Following weeks of a surging rally that scaled to two-year highs, bitcoin price fell $100 today in a week that saw prominent bitcoin exchange Bitfinex suffer outages. The result for the EU referendum will also be revealed […]
A new survey estimates that finance companies will invest as much as $1bn on blockchain initiatives related to capital markets in 2016.
Ethereum’s first CEO said he believes the current situation at The DAO was fueled by “greed and arrogance”.
After an impressive rally, Bitcoin is now appearing to be losing its bullish sheen, with its price dipping from $750 to $600 within the matter of few days. At the same time, there are different theories that are going around in parallel, explaining the cause for such a drastic fall. One of the reasons behind the fall […]
Vancouver, B.C. — Professional services firm Vanbex Group is expanding operations to blockchain-based products, according to company founder Lisa Cheng and CEO Kevin Hobbs. The Vancouver company operating in the digital currency and blockchain technology space will launch two projects in the coming months with Etherparty and Genisys, the former set to go live this […]