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More and more real-world use cases for blockchain technology become apparent. Cermaq, a subsidiary of Mitsubishi in Norway, is now tokenizing salmon. It makes a lot of sense to utilize the potential of blockchain technology. Tokenizing Salmon the Blockchain While it is mainly used as part of cryptocurrencies, there are other opportunities as well. Norwegian … Read more
Authorities in Uzbekistan have effectively banned residents from purchasing cryptocurrencies on digital asset exchanges licensed in the country. Crypto holders will only be able to sell their coins and that’s if these have not been obtained through anonymous transactions, amendments to the local regulations postulate. Also read: Poles Hit With Backdated Tax on Crypto Trades … Read more
It is a well-known fact that US politicians don’t like bitcoin very much. Particularly the Federal Reserve governor still sees plenty of problems, primarily due it facilitating illicit activities. In a recent meeting, the bitcoin debate was reopened once again. The Fed Still Hates Bitcoin As regulators prepare to take a closer look at cryptocurrencies, … Read more
Litecoin is the sixth-largest cryptocurrency by market capitalization and it is often considered the silver of the cryptocurrency market since Bitcoin appears to be the gold standard. The Litecoin Project is potentially one of the projects that could power the mass-market adoption of cryptocurrencies because it is a lighter, faster, and scalable variant of Bitcoin. In this … Read more
In this roundup, we cover a wide range of regulatory developments in the crypto space. Much has transpired in the U.S., including a new crypto bill, SEC’s proposal, lawmakers seeking answers from the IRS, and the state of Michigan signing several crypto bills into law. We also cover France’s first-approved initial coin offering, a proposal … Read more
Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines … Read more
American politicians want to regulate cryptocurrencies. The sooner this voting can take place, the better.. A global regulatory framework for cryptocurrencies will not be easy to implement. More Crypto Regulation in the US Even so, US Congress expects big things from its Cryptocurrency Act of 2020. It will undergo a round of voting in the … Read more
Not a day goes by without blockchain technology making some form of a headline. In Thailand, distributed ledgers will play a major role in its Electronic Visa on Arrival project Thailand has been experimenting with these virtual visas for some time now. Thailand Sees Merit in Blockchain The new system will be rolled out very soon. It … Read more
According to one researcher, quantum computing faces more hurdles than many realize when it comes to achieving viability in breaking encryption. In a recent report Dr. Subhash Kak, Regents Professor of Electrical and Computer Engineering at Oklahoma State University, notes that there are issues such as “noise” and error correction that render the buzz about … Read more
eSports are gaining traction all over the world. Theta.tv, a blockchain-based eSports venture, will see its content appear on PS4 consoles worldwide. Earlier this week, Theta.tv confirmed its content will become part of video streaming app Littlstar. A Big Partnership for Theta This application is designed for the PlayStation 4 console. Users from all over … Read more
