Accenture Global Blockchain lead David Treat says the company wants to “work across the entire digital identity landscape” – government included.
Accenture Thinks the US Can Still Be a Blockchain Innovator
UK Government Launches Crypto ‘Task Force’
The U.K. Chancellor of the Exchequer, Philip Hammond, will reveal a “crypto assets task force” Thursday. It will tackle the tech’s risks and benefits.
Polkadot’s Radical Plan for Governing a Blockchain of Blockchains
Blockchain governance is getting a shake-up by a forthcoming blockchain created by one of the co-founders of ethereum.
<h1>Hong Kong SFC Apparently Halts Black Cell Initial Coin Offering</h1>
On Monday, Hong Kong’s Securities and Futures Commission announced that Black Cell Technology Limited halted its initial coin offering to the Hong Kong public after regulatory action. Although Black Cell’s ICO terms and conditions now bar Hong Kong investors, its website and fundraising mechanism appear to remain functional.
<h1>American Bar Association Offers IRS Guidance On Rules Around Forked Tokens</h1>
The American Bar Association has recommended that the IRS offer taxpayers temporary safe harbor regarding cryptocurrency that they acquired as the result of a hard fork. It has also begun to explore the possible implications that such tokens might have during future tax seasons.
US Government Could Put Crypto Wallets on OFAC Sanctions List
The Treasury Department may start publishing wallet addresses along with the names of people and organizations with whom it forbids doing business.
<h1>Cryptocurrency And ICO Laws Submitted To Russian Legislature</h1>
Two bills relating to cryptocurrencies and ICOs have been submitted to the lower house of Russia’s legislature, the State Duma. The development comes after the country’s Ministry of Finance and central bank reportedly reached a consensus on the topic of whether digital asset trading should be allowed in general, or only in the context of ICOs.
Washington State County Moves to Limit New Bitcoin Mining Firms
In a unanimous vote, Chelan County’s Public Utility District commissioners agreed to put a moratorium on new bitcoin mining applications.
<h1>Coinbase Bug Allowed Users To Fund Wallets With Virtually Unlimited Ether</h1>
Disclosed today, an exploit in Coinbase contracts allowed users to fund wallets with potentially unlimited amounts of Ether. Dutch researchers discovered the flaw, furnishing it to Coinbase in January.
US Hits Crypto Buying Service Payza With Money Laundering Lawsuit
The founders of Payza, which allows customers to trade in cryptocurrencies, have been charged with running an unlicensed money transmitting business.
<h1>OECD Urges Examination Of Tax Standards For Cryptocurrency, Blockchain Technology</h1>
On Tuesday, the OECD called for international collaboration regarding taxation matters, specifying that its Forum on Tax Administration will study the “tax consequences” of cryptocurrencies and blockchain technology. In the last week, the intergovernmental organization also addressed the emerging sector through its report on the “Tax Challenges Arising from Digitalisation.”
Startup EverMarkets Aims to Shake Up Futures Trading With Blockchain
Blockchain company EverMarkets is developing a peer-to-peer futures trading platform based on blockchain technology.
Bitcoin Will Be World’s ‘Single Currency’ Says Twitter CEO
Jack Dorsey has said he believes bitcoin will take over the U.S. dollar as the world’s primary currency in 10 years or less.
CFTC Hits Wall Trying to Serve Bitcoin Fraud Summons
In new filings, the CFTC alleges that former bitcoin binary options trader accused of fraud is trying to avoid authorities.
Social Media Giant Snap Confirms It’s Banned ICO Ads
Snapchat just became the latest social media platform to ban advertising for initial coin offerings.
Global Blockchain Patent Filings Spiked In 2017, Korea’s IP Office Says
Last year saw a sharp rise in blockchain-related patent applications across the globe, according to the South Korean Intellectual Property Office.
Ethereum and Stellar? Kik’s Kin Token to Use Two Chains
While Kik said it would move its “kin” crypto tokens off ethereum and onto stellar, today it announced it was allowing the tokens to live on both.
Looking Up? Litecoin Eyes Bullish Breakout at $175
Litecoin is looking at a bullish breakout, having clocked a one-week high earlier today.
Waking Dragon? Asia’s Token Economy Is Charging Full Speed Ahead
At the Token 2049 conference in Hong Kong, Asia’s vibrant market for cryptocurrencies and ICOs took the spotlight.
OECD to G20: Crypto Tax Policies Need Global Clarity
The global economic organization has called for agreement on new frameworks for the taxation of emerging technologies such as cryptocurrency.
