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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: 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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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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The coins affected included bitcoin, ether, XRP, tezos, algorand and TRON, and the hackers transferred their stolen items into public wallets that have since been emptied, according to CoinDesk. Both companies work to provide tax software for cryptocurrencies, but Blockpit CEO Florian Wimmer said the companies have different strengths.

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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.

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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

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The coins affected included bitcoin, ether, XRP, tezos, algorand and TRON, and the hackers transferred their stolen items into public wallets that have since been emptied, according to CoinDesk. Both companies work to provide tax software for cryptocurrencies, but Blockpit CEO Florian Wimmer said the companies have different strengths.

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Bitcoin Daily: Samsung SDS Tests Blockchain Health Claims; Bermuda To Accept Digital Currencies; CIMB Singapore Does Blockchain Trade Financing

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dollar-backed digital currencies for the payment of government taxes, fees and services. We know that embracing new technology is necessary for the future growth of our economy, and so, in Bermuda, we are making sure that we are leading the world in facilitating innovation. “We In other news, Bermuda will now accept one-to-one U.S.

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Governments Fuel Blockchain’s Global Proliferation

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Governments may not be too keen on bitcoin, but blockchain is another story. Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.