bill

Crypto language in infrastructure bill 'fails to understand how the technology works'

Crypto language in infrastructure bill ‘fails to understand how the technology works’

A senior Democratic Senator took to Twitter on Sunday to criticize draft language related to crypto tax reporting requirements in a still-in-the-making infrastructure package. The bill has yet to be introduced, though negotiators involved with the ongoing process told CNN that they expect the legislation to be made formally public later Sunday. The bill, according …

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Crypto tax startup TaxBit raises $100 million in round backed by PayPal, Bill Ackman and more

Crypto tax startup TaxBit raises $100 million in round backed by PayPal, Bill Ackman and more

Utah-based crypto tax and accounting startup TaxBit has raised more than $100 million in a Series A round. First reported by Forbes, the round was led by investment companies Paradigm and Tiger Global, with participants including PayPal Ventures, Coinbase Ventures and Winklevoss Capital. The startup offers cryptocurrency tax software for crypto users, exchanges and vendors. …

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Chinese Hospital Issues First Electronic Bill on Blockchain

Chinese Hospital Issues First Electronic Bill on Blockchain

A hospital in China sent the first electronic bill to a patient on its blockchain-based invoice management platform on Monday.  The People’s Hospital of Chengmai County, a public hospital in the Hainan province of South China, is the first hospital to issue and keep track of invoices on a blockchain in the province, according to …

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Congressman pushes blockchain bill that seeks to provide more regulatory clarity

Congressman pushes blockchain bill that seeks to provide more regulatory clarity

U.S. Congressman Brett Guthrie (R-KY) introduced a set of bills with a focus on the use of blockchain in the American economy and artificial intelligence (AI) to combat nefarious online activity. The Advancing Blockchain Act is one of several bills related to emerging technology introduced through the Energy and Commerce Committee and Consumer Protection and …

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