IRS

First Cryptocurrency Tax Guidance of the IRS

IRS or International Revenue Service is the revenue service of the United States federal government. It first launched tax guidance on cryptocurrency in 2014 leaving so many questions unsolved. As a result of this, members of the industry have been waiting for a new update solving those questions. After a long anticipation, their intension came …

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Hyperledger Blockchain

Surveying of Changes to Fix Election Issues by H Blockchain Group

Hyperledger Blockchain Group has a number of plans surrounding the impending election. To achieve their targets their technical steering committee of TSC is working on this issue. They added five proposals to the agenda, which were added to the backlog of agenda items, of the committee just to enlarge awareness and inspire participation and boast …

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token sale

Florida regulators Looked into ‘Gold-Backed’ Crypto Token’s Promoter

Karatbars International GmbH, a German company founded in 2011 aiming at creating and developing a global infrastructure for the new digital era, asserted to raise $100 million in 2018 ICO and then it gets under investigation by Florida Financial Regulators. Its scheme was to follow its first token sale with another one in December 2019. …

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Singapore Exchange

Emergence of Series A for Tokenized Securities Trading by Singapore Exchange

A Series a funding has been risen by Singapore Exchange-backed security token platform iSTOX, established and operated by ICHX Tech Pte Ltd which is recognized as a recognized market operator. The firm is owned by ICHX Tech which is alos funded by Singapore Exchange and Heliconia Capital Management. The company announced KKP was going to …

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Coinbase

Legal Experts Castigates Coinbase-Led Crypto Ratings

A number of exchanges including Coinbase were forming Crypto Rating Council, using a 1-5 rating scale, to expurgate whether cryptocurrencies are securities. The initiative of categorizing digital assets received a compound backwash from legal experts and industry players. XRP, maker, EOS, augur, ethereum and somer other assets have been felt between 1 and 5. In …

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bank in Malta

Funding a Malta-based Crypto Bank by Binance and Polychain

A bank in Malta is going to be opened in 2020 where as a co-founder Malta-native Paula Pandolfino, who made an investment to bitcoin in 2016, will be seen. It is expected by top ranked analysts and personalities that one day crypto will dominate over financial transaction and that’s why it deserves full banking services. …

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