A collaboration has been established between the technology company, IBM and Ford Motor Company to pilot a blockchain project in tracking sourced minerals in the Democratic Republic of Congo (DRC). The initial work by these organizations will be used as a precedent for the rest of the industry to be further extended to help ensure transparency around the minerals.
An energy company based in Spain, Iberdrola have confirmed its plan to implement the blockchain technology for electric power tracking purposes in the country. The trial of the decentralized system was initially conducted by Kutxanbank which is also the biggest shareholders in Iberdrola. The company believes the potential of blockchain in increasing the transparency of the operation.
According to the report, the cryptocurrency-related taxes will be effective in April for Chile’s residents confirmed by Chile’s Internal Revenue Service. In a document prepared by the SII explained, “purchase and sale of bitcoins, or any other virtual or digital assets must be declared on the Form No. 22, on the Annual Income Tax Return.”
The Finance Minister of Malaysia, Lim Guan Eng have confirmed that the cryptocurrency industry is now considered as securities in the country and will be regulated by Malaysia’s Securities Commission. Lim explained, “In particular, we believe digital assets have a role to play as an alternative fundraising avenue for entrepreneurs and new businesses, and an alternative asset class for investors.”
The largest logistics giants in the United States, UPS, have recently unveiled the equity investment and partnership with a blockchain B2B firm, Inxeption. The CEO of Inxeption said, “Business customers need secure platforms that protect their customer data and proprietary information while making it easy for them to interact and even collaborate more effectively with their customers.”
The final draft of regulations for the implementation of blockchain technology in China has been released by the Cyberspace Administration of China (CAC). As per the draft, the Chinese blockchain service providers are prohibited from using it for illicit activities that could bring danger to “national security, disrupt social order, and infringe on the legitimate rights and interests of others.
Another blockchain event will be held on this upcoming April 11th, in Sterlings Mac (Matthan Hotel), Bangalore, India named Blockchain 2019. The event will be focusing on discussing the blockchain technology in terms of its development, rules and regulation. It aims to connect more than 100 important key players in related sectors such as business decision makers, tech innovators, and investors.
One of the largest cryptocurrency exchange in the world has confirmed that they no longer support Ethereum Classic in the platform, it comes after the recent attack on the digital currency. The announcement made by Coinbase has disabled thousands of cryptocurrency traders to exchange or purchase the Ethereum Classic from the platform which later the Ethereum Classic team confirmed.
The co-founder of Scroll Network, Nathan Pitruzello has announced its plan to donate $10,000 worth of bitcoin to a software engineering school, Holberton School. Nadine Krause, Holberton Director explained, “We’re honoured to support from Nathan, it will help our mission of making our program accessible to more people regardless of an individual experience level or financial means.”
Mistertango has partnered with cryptocurrency exchange, EXMO with the aims for faster payments and transfer. EXMO is one of the biggest crypto players in Europe so this deal is a real testament to our growth so far and our increasing recognition within the industry. This partnership is the latest chapter in our its story.