Bitcoin Blockchain and Cryptocurrency News Center
InCore bank becomes the first Swiss business-to-business bank approved by the financial watchdog to operate with digital assets, the Cointelegraph reported. The Swiss Financial Market Supervisory Authority, or FINMA, has authorized InCore bank to carry out digital assets transactions, allowing customers worldwide to access and transact within the bank. The official announcement represents an important step in […]
A new protocol is hoping to make peer-to-peer transactions between various wallets and cryptocurrencies simpler for users. FIO Protocol, which launched its mainnet chain on March 26, provides users with interoperable domain names instead of alphanumeric blockchain addresses. An acronym for the “Foundation For Interwallet Operability,” the FIO protocol is live on Trust Wallet and […]
Payments giant Mastercard claims to have developed a new way of keeping cryptocurrency transactions private, the CoinDesk reported. According to a patent application published Thursday by the U.S. Patent and Trademark Office, the payments giant has proposed a system of conducting transactions over a blockchain which would obfuscate both the point of origin and the amount being […]
An advisory committee to the U.S. Internal Revenue Service (IRS) believes the agency should provide clearer guidelines on how cryptocurrency transactions may be taxed. In a new report published on October 24, the Information Reporting Program Advisory Committee (IRPAC) highlighted cryptocurrencies’ rise in popularity, noting that “there has also been an equal rise in question as to […]