People may have been using cryptocurrencies to evade taxes all over the world. Whether or not anyone will ever uncover evidence of people doing so remains subject to speculation. In Australia, the Australian Taxation Office wants to find out how people are using cryptocurrencies. A new task force has been created to investigate any reports of potential tax evasion using Bitcoin and similar currencies. In a way, this move is positive for the future of cryptocurrency. ATO Wants to Address Cryptocurrency-related Tax Evasion We may never know whether or not anyone has ever used Bitcoin or other cryptocurrencies to launderPowered by WPeMatico
The ability to analyze and link Bitcoin transactions is something many governments and regulators hope to do more of moving forward. A lot of officials still think Bitcoin is anonymous, even though that is far from the case. BitFury Group recently demonstrated their latest analysis tool by de-anonymizing several million Bitcoin transactions. It’s an interesting turn of events, even though Bitcoin was never designed to be used in an anonymous capacity whatsoever. Another Notch in BitFury Group’s Belt Not too long ago, we touched upon the fact that BitFury Group has been making progress in the area of analyzing Bitcoin transactions. Given the company’s position in the
Companies all over the world are suddenly looking to get involved with blockchain and cryptocurrency. This is an unexpected yet rather worrisome trend to contend with. When giants such as Kodak are suddenly planning to organize an ICO for their own cryptocurrency and set up a mining operation, you know the bubble is very real. Whether any of these ventures will be even remotely successful in the long run remains to be determined. The company’s goals are very ambitious, to say the very least. What is Kodak up to These Days? It seems a lifetime ago that people last heard anything significant
Kibbo Lotto, an international decentralized Lotto powered by Blockchain and Ethereum smart contracts, is repaying the faith to their investors by launching a $13 mln distribution plan. Over 4500 partners had already received distribution money and it’s still on. Disclosure: This is a Sponsored Article While still in full development, Kibbo states that they are in a position where they make this payment to investors and not jeopardize the continued process. It comes because of the personal consideration of the team from the Kibo’s marketing fund. Distributed funds Kibo are looking to be first in ICOs to distribute funds to
It didn’t take Microsoft all that long to fully reinstate its Bitcoin payment option. A few days ago, the company announced it no longer considered BTC to be an active payment instrument. Customers could still fund their accounts with Bitcoin, but that was the only option available to them. In a new turn of events, the company has restored full Bitcoin payment functionality. This was thanks to some help from BitPay, the company processing BTC payments on behalf of the technology giant. Microsoft Embraces Bitcoin Once Again Earlier this week, we reported on how Microsoft had suddenly halted most of its Bitcoin payment functionality.
Twenty years ago, marketing and advertising were a sole industry that relied on a print type of content, banner ads and conventional TV commercials to market their products and services. At the time, the process worked because there were no viable competitors to disrupt the system. The Internet and the rise of social media changed an industry, persuading companies to relocate to the online realm to remain afloat. Disclosure: This is a Sponsored Article However, consumers have started doubting that using social media is safe. In fact, Facebook has been recently accused of storing user images illegally. Consumers don’t feel
Various cryptocurrency exchanges have seen their fair shares of issues over the past few months. When it comes to scaling infrastructure, a lot of new challenges have arisen due to an influx of new users. Bitstamp, one of the bigger cryptocurrency exchanges out there, plans to introduce some much-needed upgrades. Not only will the site add more staff, but several operational changes will take place as well. Bitstamp Wants to Remain Ahead of the Curve Like most other cryptocurrency exchanges, Bitstamp has seen spectacular growth throughout late 2017 and early 2018. It almost seems as if the whole world only now realizes
One day after Venezuela’s oil-backed cryptocurrency was declared illegal, the government of president Nicolas Maduro announced plans to pre-mine the petro. The new currency is expected to launch in six weeks. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Petro Mining Restricted to Government The Venezuelan Superintendent of […]
What draws our attention in the crypto world is the diversity of Blockchain technological capabilities. One of them is online betting. If you are an eSport enthusiast and active appreciator of Blockchain technology, this article is putting the two together in the most contemporary way of eSport gambling. According to Entrepreneur (2017), eSports betting is a form of online gambling facilitated by electronic systems – video games. Human-computer interfaces mediate those systems. Newzoo – provider of market intelligence covering the global games, eSports and mobile markets– estimates global gaming market growth to $143.5 bln by 2020 from the current $116 bln. The market
A few months ago, an individual announced he was creating the Useless Ethereum Token. As the name suggests, this new asset serves no real purpose, will not necessarily appreciate in value, and shouldn’t even be listed across exchanges. Despite the lack of appeal to investors, the Useless Ethereum Token’s creator raised over US$300,000 through his initial coin offering. It is evident a lot of people didn’t pay attention to what this project was about. The Useless Ethereum Token Becomes a Success Although no one really expected anything to come of the Useless Ethereum Token, it did confirm that the entire initial