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IRS Sends Warning Letters to Prevent Crypto Owners from Evading Tax

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Exclusive: Deloitte Blockchain Lab on the Three Areas of Collaborations with HKMA

The Hong Kong Monetary Authority (HKMA) started exploring blockchain technology with the whitepaper on distributed ledger technology (DLT) in Nov 2016. Since then, the HKMA has been actively leveraging blockchain into trade finance including eTradeConnect, Global Trade Connectivity Network, and we.trade. What is the role of Deloitte Blockchain Lab in these initiatives? We were delighted to interview Dr. Paul Sin, leader of the Deloitte … Continue reading Exclusive: Deloitte Blockchain Lab on the Three Areas of Collaborations with HKMA

Tried and Failed: Maker Foundation's Attempt to Patent "DeFi"

Set out to rid the decentralized finance space, free from scammers, DeFi creators tried to patent the term ‘DeFi’. However, this was short-lived as the United States Patent and Trademark Office rejected the registered application last January. Since then, Maker has no plans to refile. DeFi’s product portfolio is varied, from loan to loans and commercial products. … Continue reading Tried and Failed: Maker Foundation's Attempt to Patent "DeFi"

Exclusive: Does Forking Mechanism Allow for a Better Blockchain Governance Model?

Exclusive interview with Nathan Kaiser: Part 1 Nathan Kaiser, Chairperson of the Cardano Foundation and a long-time lawyer in the technology sector, shares his views on the crypto regulatory issues in different jurisdictions and blockchain governance. In particular, Nathan examines whether the forking mechanism allows for better blockchain governance and the reason why “blockchain governance … Continue reading Exclusive: Does Forking Mechanism Allow for a Better Blockchain Governance Model?

Twitter CEO: Bitcoin is a Prime “Currency of the Internet” Candidate

The founder and CEO of Twitter, Jack Dorsey has said that he has not considered creating a native coin for his own social media platforms like the Libra which Facebook had expressed intentions of unveiling as a “new global currency” in June targeting a launch in Q1 of the year 2020. However, he expressed his … Continue reading Twitter CEO: Bitcoin is a Prime “Currency of the Internet” Candidate

Bitcoin Begins to Attain Better Mass Adoption Status as Watford Accepts It in Sales of Merchandise

Bitcoin can be seen to continually reach the state of mass adoption as its recognition begins to enter the world football. The Bitcoin (BTC) symbol will now appear on the shirt sleeve of the football players of the Watford Football Club. The Premier League team had also made it known that it would accept bitcoin … Continue reading Bitcoin Begins to Attain Better Mass Adoption Status as Watford Accepts It in Sales of Merchandise

Deloitte Tests Remuneration of Its Staff Using Bitcoin

According to Luxembourg Times, Deloitte has tested the remuneration of its staff using BTC (Bitcoin) with the intention of mainstream adoption. Expressly, this audit company has established the option of limited BitPay for its workers. Deloitte has been making considerable steps in the adoption of BTC payments. In 2017, this remuneration option was present in … Continue reading Deloitte Tests Remuneration of Its Staff Using Bitcoin

Bitfinex Permitted to Withhold Documents About Alleged $850 Million Cover-up

The Appellate Division of the New York Supreme Court has ruled that Bitfinex is legally allowed to withhold documents pertaining to the alleged cover-up of an $850 million loss on its trading platform. A court order authorized by court justices David Friedman, Peter Tom, Troy Webber, Ellen Gesmar and Jeffrey Oing has stopped the previous … Continue reading Bitfinex Permitted to Withhold Documents About Alleged $850 Million Cover-up

Telegram Issues Letter to Investors After SEC Files Restraining Order and Sets Hearing on Oct. 24

Telegram Open Network (TON) developers responded to investors in a letter regarding the United States Securities and Exchange Commission (SEC) announcing that the GRM token offering was illegal. GRM is a native currency of TON, the blockchain platform that aims at facilitating payments and hosting decentralized applications (DApps).    In the letter, Telegram stated that they … Continue reading Telegram Issues Letter to Investors After SEC Files Restraining Order and Sets Hearing on Oct. 24

HSBC Successfully Executes First Blockchain Letter of Credit in Malaysia

HSBC announced its successful execution of a pilot live blockchain letter of credit (LC) transaction in Malaysia on Oct. 14.   The LC was for the import of resin by Malaysia’s Simply Packing from a Singaporean company, as reported by Fintech News Malaysia. HSBC’s Malaysia was the issuing bank, while HSBC Singapore acted as the advising bank.   This … Continue reading HSBC Successfully Executes First Blockchain Letter of Credit in Malaysia

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