Following are the major Bitcoin news of the day
Deloitte to Create Accounting Standards for Bitcoin Businesses
Deloitte, one of the world’s leading accounting firms, has joined Australian Bitcoin advocacy group, Australian Digital Currency Commerce Association, with an aim to create accounting standards for Bitcoin businesses. “Deloitte has had an interest in digital currencies for quite some time, so this was a great opportunity to get involved,” Deloitte’s representative Jonathan Perkinson said. “Digital currencies have a lot of momentum at the moment. With ADCCA, we’ll be working on the strategic, tax and regulatory changes that will need to happen, and we’ll be recommending and challenging specific changes in those arenas.” You can read the full report here.
OkCupid Founders Take Interest in Bitcoin Cryptography
Last year, OkCupid Founders had launched their then-new cryptocurrency venture, called Keybase, in which they wanted to bring the benefits of public key cryptography, like those used by Bitcoins, to each and every individual on Planet Earth. This year, their development received backing from venture capitalists like Andreessen Horowitz, Alexis Ohanian, among others, for they invested around $10.8 million into their project. To know more about this story, click here.
Snapcard Enables Bitcoin Payments on Alpha Payments Cloud
Snapcard , a popular payment processor and Bitcoin service company, announced to form a partnership with Alpha Payments Cloud, a step that enabled Alpha users to accept payments in the said digital currency. What further acts as a cherry on the top is the no monthly or setup fee that comes with the deal. Snapcard has decided to waive them all, but will be charging a moderate 0.5% cut from each transaction. You can read the full report here.