New York BitLicense May Be Replaced by Digital Seal Getting Rid of Fees Just over a year ago on January 2017, Coinbase became the third virtual currency business to obtain a New York Bitcoin license, or ” BitLicense, ” granted by the New York Department of Financial Services (DFS). The New York Bitcoin Licensing scheme […]
Under New Crypto-friendly Laws, Virtual Currency Exempt from Taxes in Wyoming Last Month the State of Wyoming made headlines for passing a series of revolutionary laws turning the state into one of the most cryptocurrency friendly jurisdictions. One of the laws, HB70 makes Wyoming the only state in the Union to define Tokens as a […]
IRS Virtual Currency Taxes Reminder With the CFTC getting support from the federal courts that virtual currency is a commodity and SEC regulating them as securities, it’s easy to forget the yearly IRS reminders since 2014 that cryptocurrency transactions should be reported like any other property. Four years ago on March 23, 2014 the IRS issued […]
FTC Sues Bitcoin Scammers and a Forms Blockchain Working Group The Federal Trading Commission, the biggest consumer fraud protection agency in the U.S, filed a law suit on Friday against two companies and four defendants operating a Bitcoin pyramid Scheme and announced the formation of its very own Blockchain Working Group. The U.S District Court […]
Coinbase Announces SegWit Implementation Coinbase, one of the world’s largest Bitcoin wallet and exchange platform, announced a software update with SegWit to help with its notorious delays for costumer transactions. SegWit (Segregated Witness) is a transaction protocol for Bitcoin that expands the number of transactions that can be carried out in its Blockchain distributed ledger. This update will […]
Oregon State Agency Receives Coinbase and Digital Currency Complaints, Offers Warnings On January 10, 2018 The Bend Bulletin reported that Oregon’s Department of Consumer and Business Services received complaints from consumers related to Coinbase. Spokes man Brad Hilliard said the costumer complaints were in regards to delays in receiving their digital currency on Coinbase. Since […]
AVA Retail's new “closed loop invisible payments system” may hit small retailers soon.
The post Amazon Go’s Ultra Mobile Payments Scheme May Work Elsewhere with AVA Retail Plan appeared first on Payment Week. […]
A new credit product geared toward 160 million Americans with little or no credit emerges.
The post Elevate Credit, Mastercard Team Up On “New Middle Class” Mobile Payments appeared first on Payment Week. […]
Telegram CEO Pavel Durov is battling against Russian security forces, after they implemented a block on Monday, April 16, 2018, on the messaging app when it refused a court order to “grant state security services access to its users’ […]
In a collaborative effort to test the Brave platform and its digital advertising token, the Basic Attention Token (BAT), the Dow Jones Media Group has joined up with the Brave Software team.On April 18, 2018, the two organizations announced that […]