A Protocol Labs General Council member bashed the current crypto tax scene at a recent congressional hearing on blockchain tech. In a United States congressional meeting titled “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses,” one of the testifying witnesses called out current cryptocurrency taxation expectations for their overbearing complexity. “Doing…
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The tax bureau of Beijing has announced its blockchain invoicing pilot application today for a more eco-friendly, convenient and transparent future governance. The tax bureau of Beijing has officially announced that it will start implementing blockchain invoicing within the city on March 2. Beijing hopes blockchain invoicing can bring more transparency to taxpayers Beijing aims…
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An IBM blockchain-based system has been implemented by an Ecuadorian dairy company to enable production processes monitoring. The Ecuadorian dairy producer El Ordeño has announced its integration with a blockchain-based system as part of a pilot program called IBM Food Trust, as announced in a press release. According to the IBM News Room, the company wants…
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A Seattle-based blockchain startup has launched a new cashback service to reward their iOS and Android consumers with cryptocurrencies. StormX has announced the integration of StormShop for its iOS and Android users, allowing them to earn cryptocurrencies back when they shop online, as the company has announced. The platform aims to improve the eCommerce experience…
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2020 has already been remarkably eventful for the crypto industry, and security breaches are no exception. As the cryptocurrency industry continues to mature, security remains a major challenge. Over the last few weeks, a number of cryptocurrency exchanges — namely, OKEx, Bitfinex, Digitex and Coinhako — have experienced security breaches. Although the attackers apparently did…
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Multinational retail conglomerate Walmart joined Hyperledger among eight new entrants announced during the opening day of the Hyperledger Global Forum 2020. Walmart has become the latest major conglomerate to join open-source blockchain consortium Hyperledger. Walmart is among eight new members to join the platform. The new members were announced on March 3 at the Hyperledger…
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EOSIO says reports of EOS network degradation are inaccurate, blockchain is performing at levels exceeding the capacities of major crypto exchanges. Earlier in January 2020, Block.one released EOSIO 2.0 as an upgraded set of protocol improvements for the software underlying the $3.2 billion EOS blockchain. Following the release of the new version of EOSIO, some…
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In a blow to adoption, Argentina has placed a 180-day halt on the blockchain-based digital system that lets new companies register in five minutes. The government of Argentina has announced that it is suspending the national blockchain-based mechanism to register new companies for a period of 180 days. The measure, according to statements made by…
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Cybersecurity Experts weigh in on the most secure phone models and 2FA schemes, warn against biometrics. Speaking at the RSA Conference in San Francisco, cybersecurity experts Aaron Turner and Georgia Weidman discussed two-factor authentication and biometrics as means to securing one’s phone. Although they concur that the two-factor authentication is the way to go, there…
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After revealing its planned digital currency back in 2018, the Marshall Islands chose blockchain firm Algorand as technology partner for the project. The Republic of the Marshall Islands (RMI) has selected blockchain firm Algorand as technology partner for its national digital currency. After first revealing its planned digital currency — the Marshallese Sovereign (SOV) —…
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