Facebook has once again reaffirmed its commitment to exploring blockchain technology by appointing Evan Cheng as the director of engineering for the recently launched division.
This is an effort towards creating an healthy environment for the future growth of the crypto market.
The U.S Internal Revenue Authority has teamed up with tax authorities from the United Kingdom, Canada Australia, and New Zealand as the countries look to take cryptocurrency tax fight to the next level.
All the three cryptocurrency bills have been designed in a way to foster the growth of blockchain technology.
The tax agency has clarified that it is seeking this data only to keep a watch on activities of tax evasion and money laundering.
The lawsuit accuses the company misleading people with the sale of its unregistered XRP tokens and inflating its price.
The central government official, however, have assured to immediately work on a regulatory framework for the operations of cryptocurrencies.
Kraken has fired back at Bloomberg for accusing it of price manipulation without credible evidence and failure to properly understand some concepts in the cryto market.
The Food Standard Agency, a regulator in the UK has successfully completed a test program in which it evaluated the viability of blockchain technology in supply chain management.
The bank in its report calls cryptocurrencies to be a speculation driven instrument instead of having any attributes of money.