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Thai Excise Department is using blockchain to more efficiently collect taxes on goods

Thai Excise Department is using blockchain to more efficiently collect taxes on goods

A Thai government department plans to use blockchain technology to more efficiently collect taxes on goods and products manufactured in the country.

The post Thai Excise Department is using blockchain to more efficiently collect taxes on goods appeared first on The Block.

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Market Wrap: Bitcoin Briefly Slips Below $19,000; ETH Locked in DeFi Crosses Over 7M

A bit of bitcoin price dumping occurred Monday while some investors dove back into DeFi with their ether.

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MicroStrategy Raising $400M to Buy More Bitcoin

MicroStrategy is turning to investors to fund up to $400 million more in bitcoin purchases.

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MicroStrategy wants to raise $400 million via convertible notes and buy bitcoin with the net proceeds

Business intelligence firm MicroStrategy said Monday that it plans to raise $400 million via senior convertible notes — and use the net proceeds of that process to buy bitcoin.

The post MicroStrategy wants to raise $400 million via convertible notes and buy bitcoin with the net proceeds appeared first on The Block.

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Blockchain-Based Immunity Passports Don’t Resolve Core Privacy Issues: Report

Proposals for immunity or vaccine passes have resurfaced with promising news about vaccines, but the web standards they’re based on contain flaws.

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How One Bitcoin Options Trader Turned $638K Into $4.4M in 5 Weeks

As bitcoin rallied from $13,400 to over $19,000, a trader who bought the $36,000-strike January expiry call saw a paper profit of more than $4 million.

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Coinbase’s Web traffic surges 64% month-over-month as exchanges see 158.8 million visits in November

Crypto exchanges received nearly 159 million Web visits in November, according to data from SimilarWeb.

The post Coinbase’s Web traffic surges 64% month-over-month as exchanges see 158.8 million visits in November appeared first on The Block.

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China’s Latest Digital Currency Trial Is Its Most Important Yet

More money, more participants, more participating banks and merchants – a look inside the latest DC/EP trial in Suzhou.

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Rebranded Libra Still a ‘Wolf in Sheep’s Clothing’: German Finance Minister

German Finance Minister Olaf Scholz took aim at the rebranded lDiem and said it would take more than cosmetic changes to smoothen regulatory concerns.

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Biden Administration Will ‘Ultimately Be Supportive’ of Crypto: Circle CEO

Oon CNBC’s ‘Squawk Box’ on Monday, Allaire spoke about the regulatory attitudes toward stablecoins and how the incoming administration may treat crypto.

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