Please share if you find this article interesting. Subsidiary of Canadian Stock Exchange Operator To Open Crypto Brokerage Service Canadian stock exchange operator TMX Group announced that its subsidiary, Shorcan DCN, has entered into an agreement with Paycase Financial to launch a cryptocurrency brokerage service, a press release stated March 22. TMX Group is best known as the operator of the Toronto Stock Exchange (TSX) and Paycase Financial is a decentralized financial services provider based out of Toronto. The new initiative is planned to launch in the second quarter of 2018 and will establish a cryptocurrency brokerage platform focusing on Bitcoin (BTC) and Ethereum (ETH). With this partnership, Shorcan DCN intends to combine its expertise of financial services in Canadian ...
Please share if you find this article interesting. IRS Warns Taxpayers To Include Crypto On Income Tax Returns The US Internal Revenue Service (IRS) released a memo March 23, reminding US citizens of the need to report their digital currency earnings on their income tax returns. The IRS notes that Notice 2014-21 defines digital currencies as property, and they are thus subject to federal property taxes. Those who fail to report their crypto earnings can be “liable for penalties and interest,” and “in more extreme situations [...] criminal prosecution.” The recent memo highlights the “inherently pseudo-anonymous aspect” of cryptocurrency transactions, which the organization believes may lead some taxpayers to be “tempted to hide taxable income from the IRS.” In 2017, only .04 perc
Please share if you find this article interesting. China: IT Ministry To Create Committee For Blockchain Standards, Domestic And International The Chinese Ministry of Industry and Information Technology (CMIIT) has published a list of objectives to encourage the development and standardization of the technology sector, including Blockchain, according to a document released March 23. The document begins with an objective to “promote the establishment of […] the National Blockchain Distributed Accounting Technology Standardization Committee” and further states that the committee will recommend standards “in Blockchain reference architectures, data format specification, interoperability, and smart contracts.” The document also states that the new Committee will promote the creation
Please share if you find this article interesting. Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, March 23 The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The pullback in cryptocurrencies could not sustain as fears of a clampdown by the regulators again sent them crashing down. The latest news came from the Japan Financial Services Agency, as it issued a warning for Binance, the largest cryptocurrency exchange by volume, for operating in Japan without a license. Binance, which was founded in...
Please share if you find this article interesting. Following New Jersey, Tennessee Warns Consumers About Steven Seagal-Backed ‘Bitcoiin’ The Tennessee Department of Commerce & Insurance (TDCI) Securities Division has issued a warning Thursday, March 22 to Tennessee consumers about the cryptocurrency Bitcoiin or Bitcoiin2Gen, known for being endorsed and promoted by celebrity Steven Seagal. The TDCI's alert addresses the actions taken by the State of New Jersey against the cryptocurrency company, which reportedly had promoted securities that were not registered in either state. New Jersey’s Bureau of Securities had issued a cease and desist order March 7, 2018 stating that Bitcoiin offered securities, as defined by N.J.S.A. 49: 3-49(m), that were not registered with the Bureau.
Please share if you find this article interesting. US: Hackers Shut Down Government Computers In Atlanta, Demand Bitcoin Hackers have shut down key computer systems in the US city of Atlanta, Georgia and are demanding $51,000 in Bitcoin to reenable the affected systems, Fortune reports today, March 23. Atlanta’s Mayor Keisha Lance Bottoms announced the attack in a press conference on Thursday, March 22. She told members of the press that officials “don’t know the extent [of the attack] or if anyone’s personal data or bank accounts will be compromised. All of us are subject to this attack.”The attack was first discovered at 5 a.m. on March 22. The City of Atlanta noted that the “outages” were affecting systems some customers use to pay bills and access court-related information.
Please share if you find this article interesting. NEO, EOS, LTC, IOTA, Lumens: Technical Analysis March 24, 2018 While Ace is up 157%, BTC could only muster a 0.2% gain helping slow down the altcoins slide. Generally speaking, NEO, LTC, EOS, IOTA and Lumens are better off than yesterday’s uniform drop. Why not? With Binance announcement and quashing of potential JFSA FUDs, cryptocurrencies should fair relatively well. Binance will instead shift their focus to Europe and already plans to open an office in Malta. Basing our preview from the charts, we expect some gains in NEO, LTC and even IOTA whose candlestick by the way has a long lower wick hinting of bull pressure. In NEO, our support lies at around $55. Anyway, if this week is technically influential, then prices should end
Please share if you find this article interesting. Edward Snowden On Bitcoin: World Needs Better Option To Avoid Gov’t Coercion US whistleblower Edward Snowden voiced concerns over Bitcoin’s long-term prospects in an interview on March 22, saying the cryptocurrency’s public Blockchain made it susceptible to abuse. Speaking via webcam in an interview with Coin Center director of research Peter Van Valkenburgh at the Blockstack Berlin 2018 conference, Snowden agreed Bitcoin’s ledger was “devastatingly public.” “The much larger structural flaw, the long-lasting flaw, is its public ledger,” he said of Bitcoin, adding that he nonetheless “may” have used it to buy server infrastructure in 2013. Bitcoin’s future remains a hot topic of debate this year as technical improvements to its ne
Please share if you find this article interesting. Malaysia Central Bank: 9 Banks Experimenting With Blockchain ‘Scalable Use Cases’ Malaysia’s central bank hinted it is planning to integrate Blockchain in its banking sector, its deputy governor revealing ongoing development work in a speech Thursday, March 22. Speaking at the Asian Banker Digital Finance Convention 2018 in Kuala Lumpur, Bank Negara Malaysia’s (BNM) deputy governor Jessica Chew Cheng Lian announced that nine domestic banks had partnered to build a trade finance Blockchain project. “In the blockchain space, the industry in a number of jurisdictions has pooled resources to defray the cost of experimentation involved in developing scaleable [sic] use cases for the technology’s application,” she told the audience, st
Please share if you find this article interesting. Blockchain System Aims to Identify Health Problems Using AI A new Blockchain platform has seemingly proven that it is possible to for AI to perform more accurate health diagnosis than human doctors, paving the way for a change in the way medical tests are performed. Skychain is aiming to take the trust placed in human healthcare workers and put it into Artificial Intelligence. According to the company, their diagnostics system has recently been tested and seemed to prove more accurate than real life doctors at spotting conditions in patients (a video of the study is available here). By bringing together healthcare datatsets and programmers to create neural networks, the system was tested on diagnosing melanoma, heart disease and ...