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Tag Archives: Cryptocurrency

Korea Customs Authority to Test Blockchain Clearance System for Imports, Exports

The Korea Customs Service (KSC) is reportedly due to test a blockchain-based system to verify data and shipments during imports and exports with over 50 companies domestically. According to the Korea Times, the KCS is developing a customs data platform powered by blockchain technology in an effort to boost enhance …

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Cryptocurrency Market Regains $7 Billion as Augur and EOS Prices Jump

The cryptocurrency market has slightly rebounded by $7 billion over the last 24 hours, despite the struggles of bitcoin, ethereum, and other major cryptocurrencies in the global market. Augur Deploys Smart Contracts On Ethereum Mainnet Earlier today, on May 17, the Augur team announced that after years of development, the …

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Thailand Tax Authority Waives 7% VAT on Individual Cryptocurrency Investors

Criticism over newly introduced legislation mandating taxes on cryptocurrency transactions has seen Thailand’s tax authority waive a value-added tax (VAT) on individual cryptocurrency adopters. First drafted in mid-March, a governmental decree to fast-tracked legislation that enforced taxes on cryptocurrency-related investments came into effect this week on Monday. In announcing the …

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Putin’s Orders: Russia’s ‘Digital Law’ Bill Won’t Legalize Crypto Payments

Russia’s State Duma Committee on State Construction was scheduled to hold the first reading of amendments to the country’s civil code pertaining to digital currency today, but is not expected to make digital currency a legitimate method of payment, according to Izvestia, the news portal of the Ministry of Information …

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Electronics Giant Foxconn Leads $7 Million Series A in Blockchain Identity Startup

Digital identity startup Cambridge Blockchain has closed as $7 million Series A round of financing led by Taiwanese manufacturing giant Foxconn’s investment arm. Announced Tuesday, the $7 million financing round also included previous investors Partech and Digital Currency Group, who injected new capital and converted the startup’s outstanding debt in …

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Cryptocurrencies ‘Innovative’ But ‘Pose Challenges’: Federal Reserve Governor

The Federal Reserve has been giving cryptocurrencies and their potential impact on the economy a great deal of thought lately. Most recently, Fed Governor Lael Brainard provided a rare tilt of the Fed’s hand on digital currencies, taking more time, offering more details than usual and demonstrating the resources that the …

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Declining GPU Sales to Cryptocurrency Miners ‘Healthy’: AMD CEO

GPU manufacturers Nvidia and AMD each enjoyed massive sales over the past year, partially thanks to miners who buy GPUs to mine cryptocurrencies. However, those sales are now declining. The demand for GPUs kept increasing as the value of cryptocurrencies went up throughout 2017. But after the market cap reached …

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