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Bitcoin Daily: Seagate Data Storage Firm Uses Blockchain To Fight Fraud; Brazil Citizens Must Report Crypto Transactions To RFB

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Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage. In other news, Brazil’s Tax Authority has announced that transactions involving cryptocurrencies must now be reported to the Department of Federal Revenue ( RFB ).

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Trade Disputes, Fraud Aren’t Treasurers Biggest Concerns

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Unfortunately, the report found, recent tax reform in the U.S. tax reform to provide a significant benefit, nearly half said in 2019 that there has been no significant impact on their companies at all. Only 15 percent said tax reform boosted their total income, while 12 percent said financial performance has improved.

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Bitcoin Daily: Tether’s Parent Co. Hit With $1T Lawsuit; Nearly $10B In Bitcoin Held In Crypto Exchanges

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Plaintiffs say that the actions of iFinex was “part fraud, part pump-and-dump and part money-laundering.”. In other news, $10 billion worth of bitcoin — or almost 7 percent — is currently held in the wallets of eight major cryptocurrency exchanges. Coin Telegraph reported that Token Analyst found that almost 1.2

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Bitcoin Daily: Slovakian Crypto Exchange Victim To A $1.6M Hack; Crypto Lender Cred Joins Visa's FinTech Fast Track Program

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European crypto exchange Eterbase has announced a hack, affecting hot wallets for six of its listed cryptocurrencies and allowing hackers to make off with $1.6 billion in assorted cryptocurrencies, CoinDesk reported. In other news, Hong Kong's Diginex has raised $20 million as a funding round from private investors, Bloomberg reported.

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Bitcoin Daily: Slovakian Crypto Exchange Victim To A $1.6M Hack; Hong Kong's Diginex Raises $20M Ahead of Nasdaq Listing; Crypto Lender Cred Joins Visa's FinTech Fast Track Program; Austrian Crypto RegTech Blockpit Buys Competitor CryptoTax

PYMNTS

European crypto exchange Eterbase has announced a hack, affecting hot wallets for six of its listed cryptocurrencies and allowing hackers to make off with $1.6 billion in assorted cryptocurrencies, CoinDesk reported. In other news, Hong Kong's Diginex has raised $20 million as a funding round from private investors, Bloomberg reported.

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Governments Fuel Blockchain’s Global Proliferation

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Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so.

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Bitcoin Daily: Huawei Creates Blockchain System For Beijing; CryptoTrader.Tax Suffers Hack

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Moreover, the cloud services arm of Huawei has fueled the project with blockchain innovations like distributed ledgers. CryptoTrader.Tax lets users put trades into its system from dozens of digital currency exchanges and automatically create tax reports that can be brought into TurboTax, according to the report.