Search Results for: Digital

IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

A preview of the new Form 1099-DA, a tax form that will be used by cryptocurrency brokers to record transactions involving digital assets, has been made available by the Internal Revenue Service (IRS) of the United States of America. As part of the continuous efforts of the Internal Revenue Service (IRS) to enhance compliance and … Continue reading IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

USA and Nigeria to Discuss Digital Economy and AI Advancements for Economic Growth

The United States of America (USA) and Nigeria are poised to explore potential partnership opportunities in the digital economy, emerging technology, and the advancement of artificial intelligence (AI). The discussions aim to strengthen economic ties between the two countries and foster deeper collaborations in these areas. The Deputy Chief of Mission at the U.S. Embassy, … Continue reading USA and Nigeria to Discuss Digital Economy and AI Advancements for Economic Growth

Blockchain.News Interview with Managing Partner of HEX Alessio Quaglini on Digital Asset Custody

We conducted an interview with Alessio Quaglini, the Managing Partner of HEX Trust who has extensive experience in Investment Banking, Financial Services, and regulation. He shared with us his views on the digital asset custody sector. What is the difference between custody of traditional vs digital assets? To answer this question, we can look at the … Continue reading Blockchain.News Interview with Managing Partner of HEX Alessio Quaglini on Digital Asset Custody

Blockchain.News Interview with Co-founder and CIO of CryptAM, David Demmer on Digital Asset Management

Since the launch of the Bitcoin in 2008, interest in cryptocurrencies continue to increase exponentially over the years. As the space matures, investors are increasingly eager to add cryptocurrencies into their portfolios for more diversification, whether it is for long-term value investing or short-term profit maximization. Investors can no longer afford to ignore the impact … Continue reading Blockchain.News Interview with Co-founder and CIO of CryptAM, David Demmer on Digital Asset Management

US SEC and FINRA Issued Latest Custody Guidance on Digital Assets Securities

The United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) issued a statement addressing regulatory issues regarding the custody of digital asset securities on 8 July. The recent statement highlighted that any entity involved in the transactions with digital asset securities must register with the SEC as a broker-dealer, and … Continue reading US SEC and FINRA Issued Latest Custody Guidance on Digital Assets Securities

Walmart Files Patent Introducing Its Own Digital Currency

Walmart has filed a cryptocurrency patent to develop its own U.S dollar-backed digital currency similar to Facebook’s Libra. The proposed coin’s objective aims to provide finance for those with limited access to banking services similar to Facebook’s intention for introducing Libra. The patent filing number 20190236564 “System and Method for Digital Currency via Blockchain,” was … Continue reading Walmart Files Patent Introducing Its Own Digital Currency

China’s Central Bank Accelerates R&D of its Legal Digital Currency

People’s Bank of China, the Central Bank of China made an announcement of the acceleration of the development of its legal digital currency. In July, former PBoC governor Zhou Xiaochuan warned that China must take precautions against Libra and must compete against them. The PBoC started to research on digital currencies as Bitcoin became increasingly popular.   Huawei’s CEO Responds to … Continue reading China’s Central Bank Accelerates R&D of its Legal Digital Currency

People’s Bank of China Announces Its Digital Currency is Ready

The Central Bank of China has announced that its digital currency can now be said to be ready.  In a major event, the China forum as reported by local news site Shanghai Securities News on August 10, the deputy director of the People’s Bank of China (PBoC) Mu Changchun stated that over five years of … Continue reading People’s Bank of China Announces Its Digital Currency is Ready

Cryptoaddiction: The Uglier Side of Digital Currencies

John almost dropped the phone as he fumbled the handset out his pocket, his hands trembling with a heady mix of anticipation and fear. For the seventh time in the past hour, he opened a browser tab to check the most up-to-date price of his favorite obsession: Bitcoin. A figure flashed on the screen, and … Continue reading Cryptoaddiction: The Uglier Side of Digital Currencies

Digital Assets Market Update 12 August 2019

Bitcoin’s dominance is up by 1% (68.6%), the total market cap is down by 3.9% ($296bn)‚ and overall volume is down by 20% ($48bn) on the previous week. Bitcoin is down by 2.2%, Ethereum by 7.9%, XRP is down by 7.6%, and Litecoin by 10.8%. The best performers among the top-30 crypto were Binance Coin … Continue reading Digital Assets Market Update 12 August 2019

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