Overstock founder Patrick Byrne has stated that blockchain technology is capable of making government “superefficient.” The founder and CEO of retail giant Overstock.com Patrick Byrne says that blockchain can make government “superefficient and incapable of being bribed,” in an interview with MarketWatch published on Feb. 12. Byrne reportedly said that government services have reached a […]
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U.S. tax preparation software TurboTax Online has partnered with a crypto startup to add a crypto taxation section to its services. United States tax preparation software TurboTax Online has reportedly partnered with CoinsTax, LLC to offer cryptocurrency tax calculation to its services, a press release reveals Monday, Feb. 4. As the U.S. Internal Revenue Service […]
Continue ReadingBitPay reports seeing over $1 billion in transactions this past year, along with record high transaction fee revenue. Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms […]
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Overstock.com’s tZERO has been awarded a patent for a system that will reportedly help integrate crypto trading with legacy trading. E-commerce giant Overstock.com’s cryptocurrency subsidiary tZERO has filed a patent for a “crypto integration platform” for trading digital assets. The patent was published by the United States Patent and Trademark Office on Jan. 1. The […]
Continue ReadingU.S. retailer Overstock, headed by crypto enthusiast Patrick Byrne, to pay taxes in the state of Ohio using Bitcoin. United States retailer Overstock.com has announced it will pay part of its business taxes in the state of Ohio using Bitcoin (BTC), according to an announcement on its website Jan. 3. Overstock will cover commercial activity […]
Continue ReadingU.S. Senator Elizabeth Warren, who is also known for her criticism of cryptocurrencies, has jumped into the 2020 presidential race. United States Senator and cryptocurrency critic Elizabeth Warren has announced her bid for President in 2020, the New York Times reported on Dec. 31. Following her announcement, Sen. Warren made plans to visit the state […]
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Scott Galit, CEO of New York-headquartered payments processing firm Payoneer, says a single global, non-fiat currency such as Bitcoin is unrealistic. Scott Galit, CEO of New York-headquartered payments processing firm Payoneer, says a single global, non-fiat currency such as Bitcoin (BTC) is unrealistic. Galit made his remarks during an interview with CNBC published on Dec. […]
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With more influential voices in academia and politics speaking out against burdensome federal regulations, is change imminent? Individual US states seem to be in competition for the title of the most crypto-friendly in the Union – Ohio’s recent announcement of imminent crypto tax payments being the latest example. Meanwhile, federal authorities remain in disarray with regard […]
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U.S. Rep. Warren Davidson suggests building a border wall using blockchain and “wall coins.” Ohio Republican Congressman Warren Davidson suggested raising money to build a wall on the border with Mexico using blockchain, in an interview on NPR Dec. 12. Davidson, who is known for his pro-crypto initiatives, spoke on NPR’s Morning Edition with host […]
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A member of the United Kingdom’s Parliament has declared that it should be possible to pay local authorities and utility providers in Bitcoin. A conservative member (MP) of the United Kingdom’s (U.K.) Parliament has said that making payments to local authorities and utility providers with Bitcoin (BTC) should be possible. The MP’s statements were reported […]
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