On October 24, 2018, an advisory committee to the Internal Revenue Service (IRS) published a report calling for clarity on the IRS’s position toward cryptocurrency taxation. The Information Reporting Program Advisory Committee (IRPAC) recently released its annual report advising the IRS on possible areas to improve the tax code, specifically referring to data gathered throughout […]
The Shenzhen Court of International Arbitration (SCIA) has recently affirmed that cryptocurrencies, specifically bitcoin and several of its hard forks, are considered legal property and Chinese citizens have a right to own and transfer them. The SCIA recently published an analysis of a contract dispute over WeChat, describing the legal proceedings of a case in […]
Since Maersk and IBM launched TradeLens 10 months ago, only one other carrier has joined the network. As those involved admit, that’s not enough.
Bitfury, a leading mining firm and blockchain software company, is reportedly in talks with global investment banks in Europe and Hong Kong as it mulls an Initial Public Offering (IPO), according to Bloomberg sources close to the matter. The source also indicated that Bitfury is mulling other strategic options alongside the IPO, including debt financing […]
It’s been 10 years since bitcoin creator Satoshi Nakamoto published his white paper on bitcoin, and the global economy hasn’t been the same since. The original cryptocurrency now boasts a market cap of more than $112 billion, while bitcoin’s dominance hovers at more than 53%. But if you ask Nigel Green, founder and CEO of […]
Australia’s Digital Transformation Agency (DTA) has told the Senate that there is better technology for every use of blockchain considered today. The agency received AU$700,000 from the Australian 2018-19 Budget to explore blockchain for efficient government services purposes. Australian Government to Launch Blockchain Applications In May, the DTA was sent on a mission to look […]
Until recently, Germany’s Federal Financial Supervisory Authority (BaFin) classified bitcoin as a financial instrument, but a subsequent court ruling disclaimed this categorization and decided that the cryptocurrency does not meet this definition under the terms of the German Banking Act (KWG). Bitcoin Unrecognizable to German Legal Framework The Berlin Court of Appeal in September dismissed […]
The CEO of global financial consultancy firm the deVere Group has stated that the cryptocurrency market will expand by a massive 5,000% over the next 10 years. Nigel Green also believes that Bitcoin’s dominance will continue to fall during the same period. Nigel Green: Competition Will Weaken BTC, But Where is It? As Bitcoin’s first […]
Only the strong survive and bitcoin is no exception.
At a meeting with the US Securities and Exchange Commission (SEC) commissioner Elad L. Roisman, representatives from SolidX, VanEck, and CBOE presented five major reasons why the commission should approve the Bitcoin exchange-traded fund (ETF) filing of VanEck and SolidX. VanEck, an investment management firm headquartered in New York that has decades of track record […]