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Month: November 2016

Mainstreet Investment: A New Venture for Post-Prison Charlie Shrem

When Charlie Shrem was released from prison he was bombarded with hundreds of emails, according to the long-time entrepreneur and Bitcoin advocate. One, however, stood out. It began: “I am working on a private equity and portfolio management project on the blockchain.” Also read: Legislator Mulls Regulation for Internet of Things “It’s like saying I’m working on world peace. It’s such a big idea,” said Shrem, 27. The idea stemmed from Jason Granger, 38, a figure with experience commanding large teams in banking, real estate, construction, and private equity. “I come from a world with strict guidelines,” said Granger, who...

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The Judge Just Cleared the way that for the IRS to Seek Coinbase Customer Data

The IRS can now cater to bitcoin and ether trade startup Coinbase with a directive,subpoena for information about its users, analysis judge ruled today. In an order outdated 30th November, Judge Jacqueline Scott Corley sided obtaining request filed earlier in may by the INTEREST RATES as  part of its say to investigate alleged tax wrong doing in the US pertaining or related to digital currency use. When reached relating to comment, Coinbase said that of which expected the order  plus which it would release a formal discussion. The company further down the road said: “We are aware of, and...

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Good Judge Just Approved some of the IRS Request to Seek Coinbase’s User Records

The US Internal Revenue Service can operate bitcoin and ether currency exchange startup Coinbase with a subpoena for information about its users, analysis judge ordered today. In an order old 30th November, Judge Jacqueline Scott Corley sided by getting a request filed earlier in may by the INTERNAL REVENUE SERVICE as it seeks to investigate presumptive tax violations in the US. When reached for many comment, Coinbase said that everything expected the order  and which also it would release a formal saying later today. The US government celebrated the development, among IRS Commissioner John Koskinen noting  in a statement:...

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Blockchain Works and Reduces Loses: Japanese Banking Industry Analysis

Japan’ s Blockchain Study Number, consisting of four large unforeseen and accounting firms, nowadays published a report on how blockchain technology will affect his industry. Local bitcoin substitute bitFlyer aided the group by building  some kind of interbank transaction prototype. Also read:   Legislator Mulls Regulation for Internet to Things Report Acknowledges Bitcoin’ t Contribution The Blockchain Analyze Group (BSG) formed keep away from 2015. It includes Mizuho Unforeseen Group, Inc., Sumitomo Mitsui Banking Corporation, Mitsubishi UFJ Financial Group, Inc., and thus Deloitte Tohmatsu Group. Are all major players in Japan’ s financial industry. Its  report, termed “ Real...

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Illinois Blockchain Initiative Unveiled: US State Reveals Sweeping Policy and Plan to Attract Innovators

What started as an early experiment by the state of Illinois to offer insurance services on a blockchain has expanded into a formal state-wide initiative. Announced today at Blockchain Conference Chicago, the Illinois Blockchain Initiative, a first-of-its-kind consortium comprised not just of companies – but of five government agencies, is a far-reaching measure aimed at not only making it easier for startups to innovate but removing barriers for the government to build with blockchain. In conversation with CoinDesk, Secretary of the Illinois Department of Financial and Professional Regulation, Bryan Schneider, expanded on his remarks made during the formal announcement today. Schneider stated: “The...

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