Bitcoin Transactions Hit a Major Milestone Today, Find Out Here

In what Bitcoin supporters are calling “relentless” and “unstoppable”, the BTC network just broke another record today. Half a Billion Bitcoin Transactions to Date For most people, Bitcoin’s success is usually measured in terms of its price. Even if you’re a long-term HODLer, it’s hard not to get excited by some good old-fashioned volatility and epic 32% monthly hikes. But while the number one cryptocurrency looks set to break $10,000 very soon, other key metrics are equally as impressive right now. News has broken that Bitcoin network transactions just surpassed…

Crypto Group Asks IRS to Make Small Payments Tax-Free

The Wall Street Blockchain Alliance is the latest to ask the U.S. Internal Revenue Service (IRS) to consider a ‘de minimis’ exemption for crypto tax payments below a specific value. IRS Should Reduce Crypto Tax Burden According to Law360, the Wall Street Blockchain Alliance has written a letter to the IRS calling for tax exemptions for crypto transactions below a certain threshold. As part of the letter, chairman of the group, Ron Quaranta advised the IRS to focus on large bag holders instead of forcing virtual currency owners to examine…

Central Bank Crypto Still 10 Years Away, Says Former ECB Vice President

Former Banque de France governor, Christian Noyer, suggested that a consumer-focused central bank digital currency (CBDC) could still be 10 years away, despite current interest from over 50 central banks. However, he did predict that digital payments between commercial banks will happen fairly soon, according to an article on FT.com. Interest, But ‘Clear Hesitation’ Noyer stated that the decline in cash usage, along with the rise of private cryptocurrencies such as Facebook’s Libra, had spurred a large number of central banks to investigate the possibilities of a CBDC. Sweden and…

ConsenSys to Cut 14% of Jobs Amid Major Restructuring

New York-based ConsenSys, one of the leading blockchain developers, announced a major restructuring that will cut about 14% of its workers. Product Teams Will Not Be Affected ConsenSys came out six years ago as an Ethereum venture production studio and has operated this way since then. The company has backed over 100 blockchain firms with over $100 million in investment in the last four years. Separately, ConsenSys has promoted Ethereum-based solutions for over 300 clients worldwide, including 50 enterprise clients. Now the blockchain leader wants to separate its software development…