On Oct. 22, Bitwala, a German Licensed Bitcoin Banking Service App, announced its new integration with CryptoTax, an entity that assists crypto users to adhere to yearly tax declaration deadlines. Bitwala asserted that crypto tax headaches would become a thing of the past based on the introduction of CryptoTax that is deemed the brand new … Continue reading Bitwala Incorporates CryptoTax for Better Tax Reporting
Financial Secretary of Hong Kong, Paul Chan been under intense pressure from lawmakers to dip into the government’s fiscal reserves to help the city get out of an economic slump. After months of anti-government protests and the emergence of the coronavirus epidemic, Hong Kong residents aged over 18 will receive a cash handout of HK$10,000. … Continue reading Hong Kong's 2020 Budget: Digital Assets May be Incorporated into Regulatory Framework but not Blockchain
Launched in 2017, the Marco Polo Network aims to provide an “open enterprise platform for trade and working capital finance to banks” and corporates and a blockchain-powered solution for a better security system of the exchange of data and assets between participants. The Marco Polo Network announced on Thursday that India’s leading provider of digital … Continue reading R3's Marco Polo Network Welcomes First Indian Corporate as Asia Serves as a Key Area of Growth
The Chinese government is planning to make the province of Hainan into a free trade port, focusing on facilitating free trade, investment, and cross-border capital flows. The plan encourages government institutions to use blockchain and other emerging technologies to improve government functions. Chinese President Xi Jinping has previously announced the decision to develop … Continue reading China Plans to Incorporate Blockchain in Attempt for Hainan to Overtake Hong Kong on International Trade
A ransomware gang called Evil Corp Group is back in action, after having been in retirement for an undetermined period of time. The malware hacker group strikes again by developing a ransom software dubbed WastedLocker. Who is behind Evil Corp? Evil Corp Group is a Russian-based cybercriminal group that is led by Maksim Yakubets. The … Continue reading Ransomware Gang Evil Corp Group Strikes Again with New Ransomware WastedLocker
CEO Michael Saylor revealed in a recent interview that MicroStrategy’s $425 million Bitcoin investment was part of its corporate 100-year outlook and the firm’s strategy to adopt the Bitcoin Standard. Microstrategy CEO Michael Saylor said the company will hold onto its Bitcoin holdings for the next 100 years—with absolutely no plans to sell. Since its … Continue reading Microstrategy CEO Reveals BTC Purchase is Corporate Strategy to Adopt Bitcoin Standard
A major trend in the financial market ecosystem of today is Bitcoin (BTC) investments by corporate or institutional investors, a move that has had a huge impact on the global cryptocurrency market. Responding to a Bloomberg crypto summit tweet featuring his speech, MicroStrategy Chief Executive Officer, Michael Saylor provided an explanation as to why firms … Continue reading Bitcoin Can Be Used by Corporate Investors to Manage the “Impact of Monetary Inflation"- MicroStrategy
In a recent filing with the United States Securities and Exchange Commission (SEC), the Chicago-based Rothschild Investment Corp revealed that it has purchased 265,302 shares in Grayscale’s ETH trust, while also adding to its Grayscale Bitcoin Trust holdings. The filing revealed that the total GBTC shares the company owns stands at 38,346, a boost from … Continue reading Rothschild Investment Corp Acquires Over 250M Shares in Grayscale ETH Trust
Ever since Bitcoin (BTC) breached the previous record of $20,000 in December 2020, more institutional investors have given the top cryptocurrency a keen eye as it continues to scale new heights. BTC recently set a new all-time high (ATH) above $64,500, given that it has been on a record-breaking trend throughout this year. BlockData has … Continue reading 6 Corporate Giants Hold Bitcoin Worth More Than $11.4 Billion
U.S. media giant Fox Corp announced Tuesday it is launching a campaign, raising a total of $100M creative fund for its NFT company Blockchain Creative Labs, aimed at inspiring content creators. Blockchain Creative Labs was launched by Rupert Murdoch’s mass media company Fox Corp and animation studio Bento Box Entertainment. Bento CEO Scott Greenberg will … Continue reading Fox Corp Puts $100M Creative Fund for NFT Project