Bitcoin Backed

Oct 26, 2018 · 6 min · Episode 67

0:00-6:47

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In January, a new token is being launched on the ethereum blockchain that will be backed one-for-one by bitcoin.
An advisory committee to the U.S. Internal Revenue Service (IRS) believes the agency should provide clearer guidelines on how cryptocurrency transactions may be taxed.
An arbitration body in China has ruled that despite the country's central bank ban on cryptocurrency trading, bitcoin should still be legally protected as a property with economic values.
Shipping giant Maersk and tech provider IBM are wrestling with this problem with TradeLens, their distributed ledger technology (DLT) platform for supply chains.
The four biggest agricultural corporations in the world plan to utilize tech such as blockchain and AI to bring the global grain trade into the digital age.

Late Confirmation is a CoinDesk production.