UK Parliament Member Suggests Making Bitcoin a Payment Option for Local Taxation System

A conservative member (MP) of the United Kingdom’s (U.K.) Parliament has said that making payments to local authorities and utility providers with Bitcoin (BTC) should be possible. The MP’s statements were reported by local news outlet Express.co.uk on Dec. 10. The article notes that Eddie Hughes, a member of the U.K. Parliament for the Walsall North constituency, described himself as a “crypto enthusiast with amateur knowledge.” He notes that blockchain gets a lot of attention and members of the parliament “have a duty to understand it.” Hughes further explained that…

Online Bank Swissquote Enters ICO Market With Purchase and Custody Option for Clients

Swiss online financial services provider Swissquote announced it had become “the first bank worldwide” to offer purchase and custodial services of (Initial Coin Offering) ICO tokens for clients in a press release Monday, Oct. 22. Swissquote, which has offered various cryptocurrency-related services to account holders since 2016, began its latest service by allowing them to purchase ICO tokens from industrial diamond manufacturer LakeDiamond. Explaining the move, the bank said it was now no longer necessary for ICO consumers to “understand blockchain.” “Combining crowdfunding with the blockchain creates a new form…

United Arab Emirates to Allow ICOs as Corporate Funding Option

The United Arab Emirates (U.A.E.) has announced plans to introduce new rules that would permit initial coin offerings (ICOs) as a fundraising method for domestic companies. Intended for introduction in 2019, the new rules would allow firms to raise capital via crypto token sales as an alternative to traditional methods such as IPOs, according to a Reuters report published Monday. The news was revealed by the head of the U.A.E.’s securities watchdog, Obaid Saif al-Zaabi, who said at a seminar today: “The board of the Emirates Securities & Commodities Authority has approved…

Improving Ethereum (ETH) Is A Better Option than Creating New Blockchains

The ICO boom of 2017 and early 2018, ushered in a new era of individual blockchain projects that aimed to solve a lot of the issues on the Ethereum (ETH) network. The most prominent ones have so far released a final product in the form of a mainnet, with others in the last stages of launching one. This is best exemplified by Tron that recently launched its Mainnet, as well as EOS. Zilliqa on the other hand, is on the cusp of launching its Mainnet at the end of this…

R3, Ripple Settle Legal Dispute Over XRP Purchase Option

Blockchain startups Ripple and R3 have resolved a legal battle that saw both firms filing suits over a contract dispute. A representative from R3 confirmed the settlement to CoinDesk in an email, saying: “R3 HoldCo LLC, R3 LLC, Ripple Labs Inc. and XRP II, LLC announce that they have reached a settlement of all outstanding litigation between the parties. The terms of the agreement will remain confidential and both sides look forward to putting these disputes behind them.” The spat went public just over a year ago, when it was…

BitPay Announces the Launch of Its Bitcoin Cash Option for Merchants

Bitcoin payment services provider BitPay, a global leader in processing payments for merchants, has announced the much-awaited option of receiving settlement in the form of Bitcoin Cash. The news hasn’t had an effect on the price of the cryptocurrency as of yet, as BCH continues its downslope towards the $500 line. BitPay Responds to Merchant Demand by Launching Bitcoin Cash Option Founded in 2011, BitPay has made a name for itself by giving merchants tools for accepting blockchain payments from their customers, as well as providing its customers with reliable bank…

Satellite Service DISH Adds BCH Payment Option, Moves to BitPay Payments Provider

U.S. satellite service provider DISH has announced it has added Bitcoin Cash (BCH) as a payment option and migrated to the BitPay payments provider, according to an official press release August 9. The DISH Network Corporation was among among the first satellite service providers in the world to accept Bitcoin (BTC) payments back in 2014. John Swieringa, the executive vice president and chief operating officer at DISH, said in the press release that the company has “a steady volume of customers paying with cryptocurrency each month”, adding: “We’ve added Bitcoin…

West Virginia Offers Overseas Residents Blockchain Voting Option for Midterm Elections

U.S. troops serving overseas will be able to use a smartphone app based on blockchain technology for casting federal election ballots in West Virginia this November, CNN reports August 6. The mobile voting platform, Voatz, employes facial recognition software to ensure that each voter matches their government-issued identification. CNN notes that the West Virginia will limit the use of the mobile app mainly to troops currently abroad. The West Virginia Secretary of State, Mac Warner, and Voatz, the Boston-based app developer, told CNN that they believe the app is secure…