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EY Collaborates with UK Authorities to Design Blockchain Solution for Global Tax Problem

With the current solution, it is possible to envision European Commission’s plan to commence establishing a collaborative, mainstream EU-wide system for withholding tax relief at source. Ernst & Young Global Limited (EY) has collaborated with the UK government to design an extensive blockchain project to help with problems related to the cross-border withholding tax process. The complications of foreign withholding tax arise when a paper-based conventional process of data saving is lost or the shared data is not genuine due to privacy concerns. The multinational professional services network company, also…

EU entrusts $30M to new blockchain and digital assets fund

Analysts have long decried the European Union’s lack of homegrown tech giants, pointing to the gulf between the bloc and counterparts like the United States and China. However, the EU now appears to be making moves to up its investments in innovative technologies. The European Investment Fund (EIF), the EU agency responsible for SME financing, has recently backed a new digital assets and blockchain fund.  Fabric Ventures, a venture capital fund based in Luxembourg that invests in digital assets, tokenization projects and other blockchain applications, has secured $30 million from the…

EY aims to simplify cross-border withholding tax process with blockchain

Global professional services firm Ernst & Young (EY) continues exploring the potential of blockchain technology to improve taxation processes with a new initiative. The company announced Wednesday that EY completed a blockchain-based project to address complexities and inefficiencies in the cross-border withholding tax (WHT) process, generally a paper-based process where data could be lost or not shared properly due to privacy concerns. “It also may not be trusted by counterparties and tax authorities, who require more and more information to validate that the correct amount of withholding tax has been…

Why Blockchain Is Integral To A Future Of Net-zero Carbon Emissions

The intersection of blockchain and electric vehicles (EVs) is one of the many examples that testify to the fact that the energy transition will not unfold without blockchain solutions. They are today an integral part of the transition to a green and digital energy future. The energy transition to a decarbonized world is well on its way The energy transition is about the production and consumption of energy shifting from using fossil-based fuels — coal, natural gas, and oil — to zero-carbon resources, like solar or wind. It is the…

Multiverse secures $15M investment from Samsung Next, leading blockchain VCs

Multiverse, a decentralized artificial intelligence ecosystem that funds early-stage tech companies, has secured $15 million in investments from some of blockchain’s biggest venture funds.  Samsung Next, a developer ecosystem focused on AI, blockchain and fintech, was among the investors, along with Arrington XRP Capital, Huobi Ventures and Fenbushi, Multiverse announced Wednesday. With the raise, Multiverse now has an implied valuation of $250 million, making it one of the largest ecosystem developer funds at the intersection of blockchain and AI. The investment will go towards expanding Multiverse’s capacity across engineering, research…

Blockchain Technology | What Is Blockchain Technology? | Blockchain Explained | Simplilearn

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This video on Blockchain covers all the important concepts from basics to advanced. Also, it covers all the information about Blockchain like how it came into the picture, how Blockchain works, what are the features of Blockchain, how transactions take place in blockchain, which hashing algorithm it uses, what is mining and what are miners?, and what is Proof-of-Work. These are the facts we will be discussing in this video: 00:00 Issues with the current banking system 02:13 How bitcoin solved these…

Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond|Audiobook |MERI CREATIONS

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The innovative investor’s guide to an entirely new asset class—from two experts on the cutting edge Cryptoassets represent the future of money and markets. This book is your guide to that future. Cryptoassets is a groundbreaking and approachable book explaining the what, why and how to invest in cryptocurrencies exploring blockchain based technology using top cryptocurrencies like bitcoin, ethereum, litecoin, ripple, monero, dash, and zcash as case studies. I felt a similar excitement and mind-opening bliss reading this, to how I felt…

Dvision Network Bringing a New NFT Experience on Enjin Blockchain Network – Sponsored Bitcoin News

Dvision Network has emerged as one of the fastest-growing NFT and blockchain gaming protocols in recent months. The blockchain protocol has made significant progress since its inception and continues to create new milestones. The latest is a partnership with the leading NFT ecosystem provider and creator of the ERC-1155 token standard Enjin. Enjin is a significant stakeholder in the NFT sector and has played a crucial role in developing blockchain-based gaming, metaverses, and NFT projects. Dvision migrates to Enjin blockchain Dvision has migrated to the Enjin blockchain and will now…

The NBA’s Cleveland Cavaliers to Collaborate With Blockchain Firm Socios.com – Bitcoin News

Following the announcement from the National Basketball Association’s (NBA) Boston Celtics, the Cleveland Cavaliers has officially partnered with the blockchain firm Socios.com. The partnership is aimed at increasing the Socios brand and awareness via the Cavaliers’ global asset platform. Socios Partners With the Cavs On July 26, Socios.com and the NBA team, the Cleveland Cavaliers, revealed a new partnership. The Socios company is a blockchain project that allows fans to become “superfans” by letting them influence “club-specific decisions, trade digital items, and access VIP experiences.” Socios says that currently the…