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

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China Construction Bank ’s vice president has revealed that the bank has added new abilities to its trade finance blockchain platform, including cross-chain and inter-bank transactions. In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project.

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Bitcoin Daily: S Korea Eyes New Crypto Income Tax; Less Network Traffic Causes Drop In Bitcoin Fees

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Earlier in the month, they had hit a high of around 201 BTC on May 21, reports from blockchain intelligence firm Glassnode say. Users pay fees to miners for transactions on the blockchain, and miners also receive a fixed amount of BTC for each block mined, which halves every four years.

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Crypto Fails To Impress For Corporate Tax Payments

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to allow businesses to pay their corporate taxes in bitcoin. “We really want to roll out the red carpet, and welcome all sorts of blockchain companies to Ohio — not just in the cryptocurrency space, but in a variety of different use cases,” he said. . However, the adoption curve is undoubtedly driven by consumers.

Taxes 145
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Bitcoin Daily: Korean Commission Suggests Allowing FIs To Offer Crypto; China’s OneConnect Platform Supports New Blockchain Financing Product

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China’s Guangdong province has launched a blockchain financing platform for small and medium-sized businesses, backed by OneConnect , a Chinese FinTech recently listed on the New York Stock Exchange, according to a press release. . In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding.

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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

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We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws. Did Blockchain Peak In 2019? And this year was no exception.

Taxes 101
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The Blockchain Wave Isn’t Always Smooth Sailing

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Just like the volatility of bitcoin, the world of blockchain is no stable place. Hype over distributed ledger technology (DLT) has certainly led to a bump in shares for companies operating in the space — and even for some companies with seemingly no connection to the tool. Blockchain Ups. Blockchain Downs.

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Thomson Reuters First Major Data Provider To Join R3 Blockchain Consortium

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Thomson Reuters is joining a consortium that includes some of the largest financial institutions around the world working to determine how to use blockchain technology in global financial markets. Blockchain technology is behind bitcoin, the popular digital currency, and enables data to be shared between a network of individual computers.