Tencent’s WeBank to Provide Infrastructure for China’s National Blockchain Consortium – CoinDesk

WeBank, a digital bank that makes loans to small businesses and individuals, has become the first technical infrastructure provider for the nation’s blockchain network.  The Shenzhen-based company will provide the Blockchain-Based Service Network (BSN) with its patented open consortium chain FISCO BCOS, according to a Chinese state media report.  Rather than a single blockchain, the […]

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Danish Tax Agency Sends Warning Letters to Suspected Crypto Tax Evaders – CoinDesk

Denmark’s tax authority, the Skattestyrelsen, has been sending letters to cryptocurrency users it suspects of tax avoidance, demanding a range of information about their trading activities. In the letters, the Skattestyrelsen further asks recipients to amend previous tax returns based on their crypto activities and warns of penalties for non-compliance, according to a blog post […]

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Santander Exec Claims Blockchain Success as Bank Redeems Ethereum-Issued Bond – CoinDesk

Spanish banking multinational Santander has redeemed a bond worth $20 million that it issued on the public ethereum blockchain in September. With the move, John Whelan, head of Digital Investment Banking at Santander and chairman of the Enterprise Ethereum Alliance, hailed the technology as a real-world solution for securities issuance. In a tweet posted Tuesday, […]

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State-Owned Chinese Bank to Finance Small Businesses With Blockchain Tech – CoinDesk

China Construction Bank, one of the nation’s “Big Four” state-owned commercial banks, launched a blockchain-based platform to support the financing of small businesses on Friday.  The bank aims to help small and micro companies sell their financial claims such as short-term notes receivable at a discount in return for immediate cash payments via the platform, […]

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Bitcoin Halving Could Leave Price at $20K-$50K, Hedge Fund Manager Says – CoinDesk

Bitcoin’s scheduled mining-reward halving in May 2020 could leave prices for the cryptocurrency in a range between $20,000 and $50,000, according to a new estimate. The projection by Charles Hwang, managing member of the hedge fund Lightning Capital and an adjunct professor at Baruch College, represents a multiple of bitcoin’s current price around $7,500. Hwang […]

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