Following are the major Bitcoin news of the day
Blockchain.info Part of McDonald’s Hackathon in London
Blockchain.info has confirmed its participation in upcoming McDonald’s Hackathon, a tech-based event scheduled to be held from 21st to 23rd November in London. Reportedly, Blockchain.info will be the only Bitcoin-centered company that will design applications for a new experimental digital restaurant, as a part of the event. In the meantime, the company will be finding time to promote cryptocurrency technology among the attendees.
“Because this wasn’t a bitcoin-centered event, we felt our presence was of even further importance,” said Blockchain.info in a press statement, “it was an opportunity to tap into a hub of developers, designers and creative minds and introduce them to bitcoin. It is in the best interests of bitcoin companies to attend events frequented […] financial and technological pioneers, because it facilitates an in-person connection that has the potential to cultivate interest in bitcoin not only from employees at these companies, but from consumers in attendance.”
Nadex Seeking CFTC Approval to Launch Bitcoin Binary Options Contracts
US-based derivative exchange Nadex recently announced to launch Bitcoin-based binary options contracts by the end of this year. The company is now seeking an approval from Commodity Futures Trading Commission (CFTC) to ensure a safeguarded and reliable trading experience for its customers. Read our report here to know more about this announcement.
Bitcoin Transactions Hopeful to Be Excused from VAT in Netherlands
If the words of Dutch official Jakob Kamminga are to be believed, Bitcoin transactions conducted within the Netherlands are excused from paying Value Added Tax (VAT). The Ministry of Finance official confirmed his views during a discussion at the VU University, Amsterdam, where he mentioned that only goods and services purchased with Bitcoin are taxable.
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