Online retail giant Overstock will become the first major US company to pay part of its 2019 Ohio state business taxes in bitcoin. Overstock — which has a blockchain business division — said the move is part of its ongoing efforts to promote cryptocurrency use. Continue reading Overstock Will Be First Major Company to Pay State Taxes in Bitcoin
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US Government Tells Bitcoin Bomb Scam Victims to Inform FBI, Not Pay Ransom Money
A suspected scam which threatens to blow up buildings unless recipients pay a Bitcoin (BTC) ransom caught the attention of the United States’ government Dec. 13. Continue reading US Government Tells Bitcoin Bomb Scam Victims to Inform FBI, Not Pay Ransom Money
Ohio Businesses Can Now Pay Taxes with Bitcoin
Ohio will become the first state in the US to officially accept tax payments in bitcoin, according to a Wall Street Journal report. Beginning this week, businesses who plan to make settlements for their taxes with bitcoin can visit OhioCrypto.com and register to pay all their corporate taxes to the government in BTC. The state government has partnered with crypto payment processor BitPay to handle the payment in crypto and conversion to dollars for the tax office. Continue reading Ohio Businesses Can Now Pay Taxes with Bitcoin
Japanese Largest Shipper to Launch Stablecoin to Pay Sea Workers
Nippon Yusen Kaisha (NYK), a shipping and logistics company based in Japan, has announced plans to introduce a digital currency as a means of providing service payments to members of its crew, according to a Bloomberg report. Continue reading Japanese Largest Shipper to Launch Stablecoin to Pay Sea Workers