Following are the major Bitcoin news of the day
Europol Report Predicts Bitcoin to Support Crime Business Models
In a new report published by European Intelligence Unit Europol, Bitcoin was mentioned as one of the major tools for supporting “crime-as-a-service” model. The research feared the amplification of Bitcoin services from online crime to more traditional crimes such as drug trafficking, terrorism and child pornography. You can read the full report here.
Tera Group Signs Merger with MGT Capital Investments
US’s first Bitcoin derivate exchange Tera Exchange is all set to become the US’s first publicly listed Bitcoin exchange as well, thanks to a merger agreement signed between it and gaming website operator MGT Capital Investments. As per the available details, Tera will hold a 70% stakes of the combine companies, a step that will automatically help them to get listed as a public company. It will further help Bitcoin attain the eyeballs of mainstream investors. You can read the full report here.
Utah Passes Bill to Allow People Pay Tax in Bitcoin
State of Utah recently became the first US state to pass a bill that allows people to pay their income taxes in the cryptocurrency Bitcoin. The bill, that was proposed earlier this year by Rep Marc K Roberts and received further support by Senator Todd Weiler, had its share of struggles for its conflicts with the existing Fed laws. You can read the full report here.