Finland Hands Over Info for 2,700 Danish Traders to Denmark’s Tax Agency

Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart, Skattestyrelsen (SKAT). According to a press release, the traders used an undisclosed Finnish exchange to collectively purchase and sell some $15.65 million worth of bitcoin (102.7 million kronor) between 2015 and 2017. A handful of these investors traded amounts between $1,105 and $110,450 (10,000 to 1,000,000 kronor), while the overwhelming majority traded an amount equal to or less than $1,105. Very few traded amounts over $110,450. “Right now we are identifying the individual citizens ……

Europe Takes Serious Steps Towards Blockchain Adoption

After months of monitoring and observing the “promising and challenging” potential of distributed ledger technology (DLT), the European Union (EU) is finally making a turn into the blockchain industry. How it all started Back in February 2018, the European Commission (EC) launched the EU Blockchain Observatory and Forum, aimed to support European cross-border engagement with the technology and its multiple stakeholders and to unite the economy around blockchain. Since its official launch, the newly established organization — supported by European Parliament — has released three thematic reports: the first one…

Blockchain Developer Leads List of Most Rapidly Growing Jobs

The role of blockchain developer is the most rapidly growing emerging job in the United States, according to the 2018 U.S. Emerging Jobs report by LinkedIn released on Dec. 13. In the course of preparing the report, LinkedIn used data from its Economic Graph to analyze the positions that companies are hastily hiring for, as well as skills related to those positions and roles that have emerged over the past five years. The professional social network found that the role of blockchain developer has registered an increase of 33 times…

Church’s Chicken Starts Accepting Dash in Venezuela After KFC Confusion

American fast food chain Church’s Chicken has started accepting payments in cryptocurrency Dash (DASH) at its locations in Venezuela, according to an official Facebook announcement on Dec. 12. According to Dash News, the cryptocurrency is accepted in all 10 restaurant locations in Venezulea. Dash has also completed its first transaction at Church’s Chicken and uploaded a video of the event on its official YouTube channel. The restaurant claims to be the first global fast food chain to accept payments in crypto. The announcement from Church’s chicken follows some confusion regarding…

Crypto Users Increased to 35 Million in 2018

As we approach the new year, it’s time to reflect on all that happened in 2018. In the cryptocurrency sector, there were a few ups and downs, more so than in 2017, the year the crypto boom took flight. But while various companies (and coins) had their share of plunges, the number of crypto users in 2018 doubled. Well, almost. Crypto Users in 2018 On Wednesday, December 12th, the Cambridge Centre for Alternative Finance published a study detailing the number of ‘verified’ crypto users the sector gained in 2018. The…

Security Token Platform TokenSoft Invests in SEC-Regulated Broker-Dealer

Security tokens platform TokenSoft Inc. has invested in a company that is purportedly a United States Securities and Exchange Commission (SEC)-compliant broker-dealer, according to a press release published Dec. 13. TokenSoft is a platform that provides a suite of technology and security products for the sale, issuance, and management of security tokens and other digital assets. Security tokens often promise investment returns and value appreciation, in addition to allowing holders to purchase goods and services. The company in which TokenSoft invested is now renamed TokenSoft Global Markets, LLC, while TokenSoft…

Crypto-Friendly Banking App Revolut Obtains EU Banking License

Crypto-friendly fintech startup Revolut has obtained a banking license in Lithuania, technology news outlet TechCrunch reported Dec. 12. As the report states, the startup obtained a license through the Bank of Lithuania and “is leveraging passporting rules to operate in other European countries.” The mentioned “passport rules” are laws permitting the operation of banks that are part of the European free market on the territory of other member states. In the coming months, Revolut’s users in the United Kingdom, France, Germany, and Poland are expected to get a “true current…

Bitcoin Beats Google Trends in 2018 as Internet Users Seek to Know ‘What It Is’

Google data shows ‘What is Bitcoin?’ was the most popular search question in the United States and United Kingdom for 2018, showing Bitcoin (BTC) has topped public consciousness online this year. Capping various achievements in search rankings over the past twelve months, Bitcoin’s latest price volatility saw interest in understanding it peak again following a period of price stability. ‘What is Bitcoin’ currently tops this year’s ‘What is…?’ search list, while the annual listings also include one other cryptocurrency-related entry. While Bitcoin has topped the list of ‘What is…,’ the…

Gaming Hardware Firm Razer Launches Token-Based Loyalty System and Desktop Miner

United States-based gaming hardware manufacturer Razer has redesigned its native virtual currencies and loyalty system and launched a desktop mining app, according to a blog post published on Dec. 12. Founded in 2005, Razer has become a leading gaming hardware and software manufacturer in the U.S., Europe, and China. The company’s software platform reportedly has more than 50 million users. In the first six months of 2018, Razer’s revenues were $274.2 million. Razer has redesigned its native reward system and virtual credits Razer zGold and Razer zSilver. Launched in 2017,…