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Overstock To Pay Some Ohio Business Taxes With Bitcoin

PYMNTS

Overstock , the online retailer and blockchain company, announced Thursday (Jan. 3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. state to offer this way of paying for business taxes, noted Overstock in the press release. “We

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Ohio Bill Urges Govt. To Adopt Blockchain

PYMNTS

Blockchain got a boost last week after the Ohio House Of Representatives introduced a bill that would let state government agencies use blockchain technology. If the bill passes, government agencies in Ohio could use blockchain for recording car titles or tracking hunting licenses online, noted the report.

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Tencent Spearheads Blockchain Invoice Standardization Initiative

PYMNTS

China’s Tencent will take the lead in helping the global blockchain industry standardize invoices sent on distributed ledger technology (DLT), China’s Global Times reported on Tuesday (Oct. According to the report, the standards would be the first in the world.

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Bitcoin Daily: Gemini Exchange Joins Silvergate Exchange Network; UK’s National Liberal Party Reveals Crypto Policy

PYMNTS

Kadena has announced the launch of an upgraded version of its blockchain solution to the Microsoft Azure Marketplace. The “Kadena Scalable Permissioned Blockchain” is now available on Azure Marketplace for free. The sheer volume of transactions makes this a national security threat,” the party wrote in a post on its website.

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Blockchain Finds More Commercial Uses, Telecom Among Them

PYMNTS

The move to bring blockchain beyond cryptocurrency confines — and toward more commercial use cases — continues, with far-flung projects making headlines. In the telecom world, South Korean firm KT said it has applied blockchain to its commercial network. In this case, cryptos will be used for tax returns and municipal payments.

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Blockchain Firms Flock To Switzerland’s ‘Crypto Valley’

PYMNTS

“[Zug] has long been home to citizens from around the world, with over 30 percent of its population being foreign nationals,” Oliver Bussmann, who is the founder of Bussmann Advisory AG and president of the Crypto Valley Association (CVA), told PYMNTS in an email interview.

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Blockchain Unchained: Paxos CEO Sees Expanded Role For Token-Based Digital Assets

PYMNTS

Although blockchain technology and Bitcoin, its best-known inhabitant, have been around for 10 years, the world is just now entering a seismic transition from holding account-based assets to a system that uses token-based digital assets. You can immediately know where shares are moving, even if you haven't settled them,” he said.