Cryptocurrency exchanges in South Korea will be gearing up for a massive tax bill as the country seeks to clamp down on its booming digital currency sector, Fortune reports. According to an official in the finance ministry, exchanges with more than 20 billion won ($18.8...
Due to high risks and “insufficient” protection, the Nordic region’s largest bank will ban its approximately 31,000 employees from trading in cryptocurrencies such as bitcoin, the company said on Monday (Jan. 22), according to news from Reuters. “The risks are seen as too high, and the...
No one likes watching ads, and many will go to great lengths to avoid them, including subscription services, time-shifted viewing and pop-up blockers, to name but a few. That’s a big problem for a media industry that is largely fed by advertising revenue. “Hollywood is in trouble,” Federico Pacquing,...
In the latest sign of regulatory action in the virtual currency realm, the Commodity Futures Trading Commission (CFTC) has filed a lawsuit against three virtual currency operators, with allegations that the trio had defrauded customers. In addition, the regulator charged, the three operators broke laws governing...
IBM has broken the streak: After 22 consecutive quarters of falling annual sales growth, IBM is finally showing some signs of bouncing back. All in, IBM came up with $13.80 in earnings per share, excluding certain items, just a penny short of analyst estimates. The firm...
In what could be the largest investment of its kind in a blockchain-related firm, a French startup that makes hardware wallets for cryptocurrencies has raised $75 million in a Series B round of funding, CNBC reported. The investment surpasses funding for BitGo and blockchain, which achieved...
The looming specter of regulatory crackdowns in South Korea on bitcoin and other cryptocurrencies may leave one population collectively shrugging: crypto traders. Reuters reports that if a trading ban does indeed come to pass, some investors and traders would find it “relatively easy” to work...
As bitcoin crashed Wednesday, one cryptocurrency remained surprisingly stable. Tether prices have stayed steady since Tuesday, after reaching an all-time high of $1.07 (£0.78) just after 3 a.m. on Wednesday, Express reported. Remarkably, Tether’s market capitalization also gained more than $100 million on Tuesday in...
Healthcare could be, well, a bit healthier when it comes to payments, and data management…and coordinating care in general. One firm, SimplyVital Health, sees blockchain as some timely medicine, along with smart contracts and an immutable trail of care received, as CTO Lucas Hendren tells...
