Late last week, the Indian government began sending tax notification documents to tens of thousands of cryptocurrency traders and investors in the country. According to Reuters, these notices follow a recent government survey that found over $3.5 billion in cryptocurrency transactions within the country over the last 17 months. By some estimates, India’s population of […]
Earlier this week, Virginia-based cryptocurrency mining company BCause LLC was awarded a $500,000 grant by Virginia Beach as part of a deal to keep the company’s operations and headquarters in the city. The company, founded in 2013, is currently in the process of moving into an 84,000 square feet facility, with an estimated $64.8 million […]
Earlier today, the Israel Tax Authority (ITA) released a draft version of their plans to tax proceeds generated by initial coin offerings (ICOs). Under the plan, the ITA would impose a value-added tax (VAT) on profits generated from ICOs, although the tokens themselves would not be taxed. The plan also creates two distinct categories for […]
Entrepreneur and investor Mark Cuban confirmed this morning that the Dallas Mavericks, an NBA team owned by Cuban, will be accepting cryptocurrency payments “Next season.” The news came as a seemingly off-the-cuff reply to a question posed by one of Cuban’s Twitter followers. Cuban, who is no stranger to cryptocurrency technology, later confirmed the news […]
Yesterday, Dallas-based money transfer company MoneyGram announced a new partnership with San Francisco-based cryptocurrency company Ripple (formerly Ripple Labs). The partnership will allow MoneyGram to test a new, cryptocurrency-based approach to processing international transfers, and is aimed at reducing the high costs for moving money across borders. Given the steady rise of the global remittance […]
In a surprising turn of events, long-struggling photography brand Eastman Kodak has announced plans to move into the cryptocurrency space with a pair of new initiatives. Yesterday, Kodak revealed that it will be launching a new, blockchain-powered platform, called KODAKOne, which is intended to “empower photographers and agencies to take greater control in image rights […]
e-Chat is a promising startup that has already run a number of ICOs and managed to get love and appreciation from millions of user, followers, and investors from all over the world. The additional round of ICO starts on January 8 and lasts until February 15, 2018! This is the first ICO run by the […]
Hardware wallets are one of the greatest deals in the cryptocurrency world, providing substantial security for a reasonable price. At least, that’s how it’s supposed to work. But a new eBay scam is turning those dreams of safe, secure crypto coins into a nightmare for some unwary users.
Since late November 2017, South Korea has looked to regulate cryptocurrency trading in domestic exchanges. South Korea’s primary financial regulator is in discussions with counterparts in China and Japan toward the regulation of cryptocurrencies like bitcoin. South Korea is the world’s third largest market in bitcoin trading, after Japan and the U.S., and the largest […]
London, UK – Forty Seven Bank will use an Open API that allows businesses and partners to develop and integrate third party applications and services within Forty Seven’s banking infrastructure. This modular API architecture will enable Forty Seven to engage third-party developers, and in the process, ensure Forty Seven can evolve, develop and adopt […]