US House Passes Two Blockchain Amendments in Annual Defense Budget Bill
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Crypto Tax in 2020: A Comprehensive Guide
Paying crypto taxes is becoming increasingly difficult in 2020, as government tax authorities around the world continue to change their minds on how digital assets should be handled. To make things easier, we’ve put together a comprehensive guide to bring you up to speed on the latest changes. Crypto-assets have entered the mainstream in the […]
Continue Reading36% of U.S SMEs Now Accept Cryptocurrency Payments
About one-third of US-based small and medium-sized enterprises (SMEs) accept cryptocurrency as a payment for their goods and services, according to a survey commissioned by American insurer Hartford Steam Boiler (HSB), a subsidiary of German Munich Re. Newer Companies Are More Crypto-Friendly HSB’s survey found that newer companies are twice as likely to accept cryptocurrency […]
Continue ReadingBitcoin Solves This: Bill Gates Talks About the US Wealth Gap
Bill Gates, the world’s second-richest person, recently published a blog post reflecting on 2019, in which he noted that his extreme wealth is unfair. Here’s why Bitcoin fixes this. US Tax System Needs Reform Bill Gates is still among the richest people in the entire world — second richest, with a net worth of $108.8 […]
Continue ReadingIs Bitcoin Surging Because of Tensions in Iran and the Middle East?
Bitcoin prices have jumped almost 6% over the past couple of hours as news emerges of a US airstrike on Iranian military personnel. Bitcoin Price Surges $400 A huge green candle has just appeared on the hourly BTC chart sending the asset surging back above $7,000. According to Tradingview.com bitcoin had slid back to its […]
Continue ReadingWill China Win the Blockchain Race Leaving the US Behind?
China is the clear blockchain tech leader at the moment and the US is in danger of missing out entirely if it doesn’t even get off the starting line. China Leading the Way There have been no mistaking China’s intentions when it comes to blockchain technology. President Xi Jinping’s public endorsement of digital ledgers sent […]
Continue ReadingBitmain Lawsuit Heats Up, Plaintiffs Fight Motion to Dismiss
United Corp, a Florida-based cryptocurrency company that sued Bitmain in December 2018, contested the mining giant’s motion to dismiss the case in a US court this week. A cryptocurrency company United American Corp claims that China-based Bitmain should not be dismissed from the United States’ antitrust suit, as the mining gear maker requested. The issue […]
Continue ReadingUS Court Allows IRS to View Bitstamp Customer Information
US federal judge allowed the IRS to demand information about users’ assets from Bitstamp crypto exchange, although the agency was also ordered to reduce the number of requests. The IRS’s involvement with the cryptocurrency industry continues to increase. This, in turn, has irked quite some crypto users. One resident of Washington even sent a request to […]
Continue ReadingAlibaba, OneConnect Leads China’s Blockchain Patent Race
Alibaba and OneConnect scored the highest in China’s recent Blockchain Patents list after they both filed IPO prospectuses at the same time. The development of blockchain technology continues to rage on across the world, and countless corporations are struggling to take the lead. A little over a week ago, on November 18th, BlockData published a […]
Continue ReadingTrump’s ‘Confusing’ Trade Deal Isn’t Putting Off Beijing’s Top Negotiator
China’s top trade negotiator is ‘cautiously optimistic’ of a deal getting signed. US Congress passed a bill in support of Hong Kong protesters further complicating matters. President Donald Trump is expected to sign the bill. Despite the mixed messages President Donald Trump is sending out with regards to a Sino-US trade deal, China’s top trade […]
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