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Bitcoin Daily: H&M Pilots Blockchain Tech, Australian Tax Scammers Turn To Bitcoin

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A spokesperson told TNW , “Arket has done a small Proof of Concept (POC) through a pilot testing with VeChain to use blockchain technology to secure product data traceability in the value chain.” And scammers in Australia are trading iTunes vouchers for bitcoin as their payment of choice, TheNextWeb reported. million at the time.)

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Bitcoin And The Bitter Tax Bite

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And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 Thus, bitcoin traded below $10,000, and cryptos traded down in sympathy.

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Bitcoin Daily: China Construction Bank Grows Blockchain Platform; IRS Tax Forms Now Ask About Crypto

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We launched our first distributed ledger technology in trade finance as early as 2017. Our decision to take part in the pilot project was prompted by our intention to optimize the process of interaction with partners based on blockchain technology.

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Why Timing Is Everything On Tax Day

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Tax Day for Americans is here, or at least it will be on Tuesday, April 17. This year is a bit of an unusual year as far as taxes are concerned, since April 15 actually falls on a Sunday. Back then, taxes weren’t due on April 15. Tax season used to be a month and a half shorter.

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Bitcoin Daily: Bitcoin Rises After Recent Crash; IRS Delivers New Rules For Crypto Investors

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Ransom is demanded in bitcoin, upon threat of releasing damaging information to family, friends, and co-workers. But now the hackers are asking for alternative crypto currencies to bitcoin in their ransom demands. This latest sextortion version is using a Litecoin wallet address instead of bitcoin to evade detection,” Johnson wrote.

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Bitcoin Daily: HM Revenue & Customs Demands Crypto Traders’ Info; Blockchain Lender Raises $18.3M In Series A Round

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The British tax authority wants cryptocurrency exchanges to share customer names and transaction data in order to track down unpaid taxes. While the HMRC declined to go into detail, saying it could jeopardize the assessment or collection of taxes, it confirmed that the request is within its jurisdiction.

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Bitcoin Regulatory Roundup: SEC Swoops In On The Crypto Company After Surge

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Amid rising interest and investment in digital currencies like bitcoin, some countries are issuing new warnings about the volatility involved in cryptocurrency trade. In today’s bitcoin roundup, regulatory bodies in the U.S. In today’s bitcoin roundup, regulatory bodies in the U.S. According to Tuesday (Dec.

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