Taxing, hacking and the one key innovation to ensure BTC victory
Welcome to the CoinDesk Weekly Review 12th July 2013 - a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. The UK loves Vikings. And turtles. What about bitcoin? What made Britain great? The weather? The food? A pragmatic approach to the acquisition of wealth from others? As you munch your cheesy chips in the first sunny spell since last April, you may suspect what the rest of the world knows: if it involves other people's money, we'd like some, please. This may....
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Ripple has been planning a ‘Proper Victory Party’ to celebrate its victory over the United States Securities and Exchange Commission (SEC) for a while now and this could affect the XRP price. This was made public in late August when the company announced the September 29 date. Now, with the Ripple victory party just a […]
Creating a healthy regulatory ecosystem for Bitcoin and digital currency will not be an easy task. The Financial Services Agency in Japan will soon present their plan to regulate this new breed of finance, although it will have little to no effect on the current way of taxing Bitcoin. Bitcoin is often frowned upon for its alleged lack of regulatory guidelines when it comes to using the digital currency as a method of payment. However, people tend to forget various countries around the world are treating Bitcoin as either an asset or currency and impose taxation upon usage of the digital....
Senators in the state of Nevada have fully supported a blockchain bill that would prevent a local government from taxing or imposing restrictions upon the use of a blockchain. SB 398 was first filed by Ben Kieckhefer on March 20, the bill was introduced to ensure that the State keeps up with the advancements of technology in addition to establishing a legal framework for people utilizing a blockchain and not to do so in a legal gray area. Over a month since the bill was first introduced, senators in the state of Nevada advanced the bill with full backing with a 21-0 vote. During the Senate....
Hacking Team has made a lot of media headlines over the past year. Not only because this collaborative is known for its hacking exploits all over the world, but also because of their contacts with governments around the world. Ever since Hacking Team became the subject of a hacking attempt themselves, a lot of people have been wondering what day-to-day operations for this group looked like. Apparently they were keeping a very close eye on the evolution of the Bitcoin ecosystem. WikiLeaks has unveiled over one million emails from the Hacking Team surveillance malware collective. As part of....
In a landmark victory for the crypto industry, the US House Financial Services Committee has achieved a landmark victory by advancing a bipartisan bill aimed at establishing a regulatory framework for Bitcoin and cryptocurrencies yesterday. The bill’s passage marks Capitol Hill’s efforts to codify federal oversight for the digital asset industry, providing much-needed clarity and […]