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U.S. Customs and Border Protection (CBP) has put together measures that will make use of the blockchain technology to confirm the North American Free Trade Agreement (NAFTA) and Central American Free Trade Agreement (CAFTA) certificates.
With the Iran rial plummeting against the dollar, Iranians are looking to capitalize on cryptocurrencies to bypass U.S sanctions. In mid may, president Donald Trump made the decision to pull out of the 2015 nuclear deal and renew Iran sanctions. This sent shockwaves throughout the country and led to some major financial setbacks. In anticipation […]
IBM has been very quick to develop its own blockchain system and make partnerships that handle transactions for its South Pacific sector.
The IRS treats virtual currency as property. As such, general tax principles applicable to property transactions apply to transactions using virtual currency. Think capital gains: taxation rules are the same that for capital gains from stock transactions. Also note that 3.8% Net Investment Income tax (NIIT) may apply.
During the last year, many new cryptocurrency hedge funds started to invest in cryptocurrencies. That’s why, the US Securities and Exchange Commission (SEC) is preparing to examine up to 100 crypto-related hedge funds. The information was revealed to the Wall Street Journal (WSJ) on march the 22nd by a person familiar with the matter.
On Wednesday February 14, the United States’ House of Representatives will have a sitting on the love story of blockchain; the basic platform for the operation of infamous bitcoin and its altcoins. This meeting by two of the House’s sub-committees is to discuss on most of the potential applications that can be created in the […]
The Commercial Customs Operations Advisory Committee (COAC) is investing in Blockchain development for potential use to trade processing. The COAC is an advisory committee to the U.S. Customs and Border Protection (CBP).
The U.S. President, Donald Trump, has recently announced on Twitter the appointment of a new White House Chief of Staff. The new person will be the Bitcoin (BTC) proponent Mick Mulvaney, who has supported Bitcoin on many different occasions in the past.
Google has announced in a blog post on Monday April 2nd that they are pulling cryptocurrency mining extensions from the Chrome Web Store. The U.S. tech giant made their decision to ban cryptocurrency mining browser extensions after 90% failed to comply with Google’s rules and policies. One in ten extensions involved in mining
During the last year, Bitcoin (BTC) has been in a bear market that affected the whole market. Several virtual currencies have lost more than 95% of their value while others were not able to keep operating. However, Bitcoin has also been affected. Since its all-time high in December 2017, it lost more than 80% of its price.