Crypto taxes in Spain, LocalBitcoins and its leaders, the beacon chain launch, tokenized Bitcoin on Ethereum blockchain, a new protocol by shEOS and Coinbase IPO — summarizing the news of this weekend
- BitGo, Kyber Network, MakerDAO, IDEX and many other crypto companies partnered to create a Bitcoin-backed Ethereum token. So-called Wrapped Bitcoin, this token will represent Bitcoin, 1 token equal to 1 BTC stored in the custody of BitGo. It could be used to trade Bitcoins on DEXes, the whole administration will be via DAO, similar to Maker system. The launch is expected in January 2019.
- Oraсle presented its new blockchain as a service product for supply chains. Oracle Blockchain Applications Cloud is a set of blockchain-based applications for tracking cargo, products and materials and has templates for common business processes. Some companies already use it.
- Spain wants to make crypto holders pay taxes for their holdings. The new law requires all crypto assets to be declared, a move to cut down on tax evasion. The government expects to get EUR 850 million as the outcome of these changes to the tax legislation.
- Australia Post is offering a digital identity services to its customers. People can use this digital ID to easily access crypto exchanges. The whole process of signing in takes only a few minutes.
- Details of the Coinbase IPO have been revealed. CNBC host Ran NeuNer disclosed that Coinbase will be valued at $8 billion, and will raise $500 million at the pre-IPO.
- According to LocalBitcoins data, nearly 40% of its volume comes from Russia and Venezuela. The US takes the third place, producing 11.8% of total volume.
- The beacon chain, the core element of the future Ethereum 2.0 will be launched in March 2019. This will be the first key element of the future PoS blockchain with sharding and high scalability.
- Alibaba expands its blockchain as a service product to the U.S., Europe and South East Asia. It supports both IBM-backed Hyperledger and Alibaba’s own solution, Ant Blockchain. The service allows to use smart contracts and build applications on top of it, also it includes ready-to-deploy apps for healthcare and supply chain management.
- shEOS company, that launches EOS tokens for its clients, develops a new protocol EOS21. This protocol will make easier migrating from Ethereum network to EOS blockchain for many developers, transferring tokens and porting smart contracts.