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.
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...
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...
The Standing Committee of China National People Congress voted on Oct 26 to pass cryptography law, which will go into effect on Jan 1, 2020. The new law focuses on the regulation of cryptography-based password management and practices to follow for products and services that use cryptography encryption for protecting...
China’s President Xi Jinping said China should take a leading position in the development, research, and investment in blockchain technology. He made the remarks in the 18th Political Bureau of the Central Committee held on Oct 24, 2019. Addressing the committee, Xi Jinping stresses that it is necessary to promote...
Accenture, SAP, and R3 are collaborating to build a blockchain-based real-time gross settlement system (RTGS). The design will enable high-value transactions faster, more efficient, reliable and secure between banks and users. Rather than working against the system, the proposed design is spin around the idea of allowing banks and payment...
Bakkt to offer options on its bitcoin futures contract. As per the announcement, Bakkt will launch the first regulated options contract for bitcoin futures on December 9, 2019. This will give the buyer of a futures option contract the right to buy or sell a particular futures position at a...
