The United States Internal Revenue Service (IRS) commissions blockchain analysis services and can investigate crypto reports. Just a few months ago in July 2019, the United States Internal Revenue Service (IRS) sent approximately 10,000 letters to cryptocurrency holders regarding their crypto holdings. The letters detailed that recipients may not have reported their transactions properly, or […]
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Having trumped up the risks of unregulated cryptocurrencies earlier this year, Dutch bank ABN AMRO finds itself in the midst of a major alleged money laundering scandal. Having trumped up the risks of unregulated cryptocurrencies earlier this year, Dutch bank ABN Amro NV finds itself in the midst of a major money-laundering scandal. On Sept. […]
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Wyoming Blockchain Coalition president Caitlin Long argues that the recent unrest in the money markets shows that Bitcoin is systemically more stable than traditional finance. Wyoming Blockchain Coalition president Caitlin Long has responded to the recent unrest in the money markets by analyzing the systemic fragility of the traditional financial sector as compared with Bitcoin […]
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EOS parent company Block.one is opening new headquarters located in Washington, D.C., while creating 170 high-skilled jobs. EOS parent company Block.one is opening its fourth global site located in the Washington, D.C. metropolitan region. Creating 170 jobs over the next three years On Sept. 23, Block.one LLC announced that it is opening new headquarters for […]
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One of the Big Four banks in the U.K., Lloyds Bank, has partnered with blockchain platform Komgo to speed up international commodity trade finance. Lloyds Bank is partnering with blockchain platform Komgo to streamline its commercial banking division. Blockchain to streamline international trade process On Sept. 25, United Kingdom financial news outlet FStech reported that […]
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63% of U.S. consumers perceive blockchain tokens to be an easy form of payment, according to a new survey from “Big Four” auditor KPMG. 63% of American consumers perceive blockchain tokens to be an easy form of payment, according to a new survey from “Big Four” auditor KPMG. VentureBeat reported the survey’s results on Sept. […]
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The Fold app, a mobile shopping app that supports the Bitcoin Lightning Network, has added a fiat currency payment option following a $2.5 million investment. The Fold app, a mobile shopping app that supports Bitcoin’s Lightning Network enabling users to withdraw funds to an external Bitcoin (BTC) wallet, has raised $2.5 million and added a […]
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Customers of Binance can now purchase crypto directly using debit and credit cards via payment processing firm Koinal. Customers of major crypto exchange Binance can now purchase crypto directly using debit and credit cards via payment processing firm Koinal. 2.5% fee for buying crypto from Visa and MasterCard Binance users can now buy crypto using […]
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Major insurance broking and risk management firm Marsh has piloted a blockchain-based digital placement platform. Leading insurance broking and risk management firm Marsh has piloted a blockchain-based digital placement platform. Per a Sept. 24 press release, the Risk Exchange platform aims to ensure a more transparent and secure digital placement and enables users to receive […]
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Ex-CEO of UBS and board member of one of Switzerland’s first licensed crypto banks, says the traditional banking industry is starting to take note. Peter Wuffli — the former CEO of major Swiss multinational investment bank UBS — says the advent of new, regulated actors in crypto is drawing the attention of big-name banks. Wuffli […]
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