Italy scales back plans to hike crypto tax rate: Report

Toronto-based startup Convergence.tech has successfully concluded a blockchain-based pilot to help Mongolian nomadic herders track and certify sustainable cashmere.The supply chain project, which was conducted with the United Nations Development Program (UNDP), is powered by Convergence.tech’s Ethereum-based traceability platform, Backbone.Convergence.tech chose to focus on cashmere herders for its pilot, as many of these individuals face…

Transactions via the EU’s prospective CBDC could be transparent to intermediaries, as any non-crypto digital transactions are. 169 Total views 22 Total shares Next to the fears of government overreach that the European Union’s ambitious digital euro project stirred, the main concern of the public is the prospective currency’s privacy framework. It appears that this…

The US token issuance platform cited automation, regulatory compliance, and properly utilizing blockchain technology as reasons for the move. 892 Total views 37 Total shares Security tokens platform TokenSoft has joined the U.S.-based crypto lobbying group Blockchain Association (BA).The San Francisco-based token issuance platform said in an official announcement on April 27 that it would…

2gether’s servers were attacked by unknown actors who managed to steal over $1.39 million from crypto-investment accounts. A European cryptocurrency trading platform called 2gether was recently targeted by an unknown group of hackers. These bad actors stole over 1.183 million Euros ($1.39M) from the service’s investment accounts in a cyberattack on July 31.Ramon Ferraz Estrada,…

The share price of Bitcoin (BTC) mining firms Riot Blockchain and Hive Blockchain has produced enormous year-to-date (YTD) gains, with stock in Riot nearly doubling while Hive tripled over 2020 so far.However, not all mining firms have fared well throughout the COVID-19 pandemic, with Canaan’s stock falling nearly 70% since early January, and both Hut…

The Consumer Safety Technology Act passed quickly in the House, and if enacted would require the study of blockchain tech and digital tokens. A bipartisan bill that requires the study of blockchain technology and digital tokens passed the House of Representatives on June 22. The “Consumer Safety Technology Act'' is centered on consumer protection and…

Confidential transfers allow merchants to provide confidentiality for transaction amounts to their consumers while maintaining visibility for regulatory purposes.

The partnership comes shortly ahead of the implementation of the MiCA regulatory framework for crypto service providers.