China publishes a blockchain-based system for identification. The system will integrate with the existing infrastructure of smart cities, facilitating data sharing to make life easier for residents and improve local administration. The blockchain-based identification system was jointly developed by three institutes in Shijiazhuang. Cities nationwide now can apply for their...
The UK government has issued crypto tax rules for businesses. The tax rules apply to the UK businesses carrying out operations involving crypto mining, providing goods or services in exchange for crypto assets and crypto trading. According to the rules published by UK HM Revenues & Customs on Nov 1,...
Within a few days of imposing restrictions on buying the U.S. dollar, the Central Bank of Argentina has now imposed restrictions to buy Bitcoin and cryptocurrencies with credit cards or debit cards.
The German Banks association representing more than 200 private commercial banks issued a statement on Oct 30 regarding their position on the crypto-based digital currency. As per the statement, German banks support digital euro currency and suggest the European Central Bank (ECB) work together with the banking industry to create...
Just 9 days ago Bitcoin price dropped to its lowest in 5-month and in a matter of days surged by 40% to reach $10,500 level. Recent Bitcoin price upward swing is largely attributed to China President’s positive remarks on blockchain technology. Currently, on intra-day movements, BTC price is holding well...
Leading cryptocurrency mining hardware manufacturer, Bitmain is said to have filed an application for its IPO (Initial Public Offering) with the U.S. SEC. According to Tencent News, Deutsche Bank is the sponsor of the Bitmain’s application. Bitmain had a failed attempt for its IPO with the Hong Kong stock exchange...
The central bank of Argentina has imposed further restrictions for citizens to buy the U.S. dollar. Earlier individuals had a limit to buy $10,000 per month. The fear of Argentina Peso nearing to the edge of hyperinflation, citizens have been hedging Peso with a stable foreign currency, mostly U.S. Dollar....
People’s daily newspaper published by China ruling communist party on Monday urged investors to remain rational as stock prices of blockchain firms or tech firms believed to be engaged in blockchain business sore to 10% after China’s President Xi positive comments on the blockchain technology. The Chinese government started cracking...
Canaan Inc, the second-largest manufacturer of Bitcoin mining machines with a 21.9% market share in H1 2019 filed for a U.S. IPO (Initial Public Offering). According to the filing, the company plans to target $400 million of capital raise and list on Nasdaq Global Market under the symbol ‘CAN’. Proceeds from...
Bakkt plans to launch its consumer and the merchant application by the first half of next year. It allows consumers to pay for their purchases in Bitcoin and for merchants to get the instant conversion in fiat currency. Announcing the development in a blog post, Mike Blandina, Chief Product Officer...
