Binance coin (BNB) picked up a bid on after Binance Team disclosed its plans to launch «Binance Chain» - a public blockchain dedicated to the transfer and
trading of blockchain assets, effectively a kind of decentralized exchange.
At the federal level, the Securities and Exchange Commission's focus has been on the
use of blockchain assets as securities, such as whether or not certain bitcoin investment funds should be sold to the public, and whether or not a certain offering is fraud.
Seeing the rise in
value of Blockchain assets in the last month, a vast range of cryptocurrency users is expected to make a taxable income in the year 2017.
A brand of Munich based 21 Consulting GmbH, CryptoTax, is endeavors to constantly develop and offer tax reporting solutions and other regulatory declaration services for
users of Blockchain assets and customers of cryptocurrency exchanges to enable them stay compliant with the law of their residence state.
They have also expanded the
number of blockchain assets that they provide real time pricing for, as well as enhanced the performance reporting for clients» portfolios.
«As early movers in the crypto audit and accounting ecosystem, the investment from Riot Blockchain will enable us to enhance our services which are crucial to the adoption and
growth of blockchain assets.»
The
majority of blockchain asset deposits is stored in offline multi-signature hardware wallets (cold storage) and maintain 24/7 monitoring to detect suspicious activity.
In the meantime, they are actually recommending that you use some other wallet with multi-sig (like Copay) or a hardware component (like Ledger) in case you are planning on holding huge
amounts of blockchain assets.
By combining the dual advantages of the
portability of blockchain assets and the technology's use case for reward schemes, cBay and Centra's supporting products will be part of a shift in fintech that caters to the growing number of cryptocurrency users.
Known as Binance Chain, the public blockchain will focus on the trading and
transferring of blockchain assets and will complement their existing centralized exchange.
Considering the price
spikes of Blockchain assets within the last month, a bulk of cryptocurrency users is expected to have high taxable income in tax year 2017.
The more interesting story and corporate public discussion are turning around the technology itself and the 40 %
+ of the Blockchain asset market, which is not Bitcoin.
Previously operating in China as one of its largest exchanges, Huobi has since moved most of its trading to huobi.pro, a Singapore company focusing on a wide
range of blockchain assets.
This displays all of your diversified crypto assets in an easy to view circle allowing a user to track the
value of their blockchain assets, in real time, as market conditions fluctuate.
CryptoTax, a brand of Munich based 21 Consulting GmbH, is offering and constantly developing tax reporting solutions and other regulatory declaration services for customers of cryptocurrency exchanges and
users of Blockchain assets to help them being compliant with the law of their residence state.
The public blockchain «will mainly focus on the transfer and trading
of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets.»
Out of the company statement, «As a public blockchain, Binance Chain will mainly focus on the transfer and trading
of blockchain assets, as well as provide new possibilities for future flow of blockchain assets.
The Hong Kong - based company — which regularly ranks as a top - three cryptocurrency exchange as measured by daily trading volume — made the announcement in a blog post, explaining that Binance Chain will «mainly focus on the transfer and trading
of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets.»
«Binance Chain will mainly focus on the transfer and trading
of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets.»
The Hong KKong - basedexchange, which regularly ranks as a top - three cryptocurrency exchange as measured by daily trading volume — announced its plan for a tailored blockchain in a blog post, explaining that Binance Chain will «mainly focus on the transfer and trading
of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets.»
What is common among
all of these blockchain assets is that they all run on open mining algorithms.
«As a public blockchain, Binance Chain will mainly focus on the transfer and trading
of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets,» according to Binance.