Bitcoin and Blockchain News May 6, 2016

Ethereum: A Valuable FinTech Sandbox -

Current financial systems are supporting an old cash-based economy comparable with playing Donkey Kong on your new laptop. What if there was another way? Daniel Cawrey looks at how Ethereum's potential in blockchain experimentation could help bring about a new digital asset-based economic paradigm.

Daniel Cawrey / May 06, 2016 02:30 pm

Australian Government Outlines Three Solutions to Double Bitcoin Tax -

The Australian government has proposed several ways to address issues related to the application of the goods-and-services tax to digital currencies. Solutions include taxing digital currencies in a similar way to stock or loan trading, or taxing them similarly to other forms of money.

Stan Higgins / May 05, 2016 10:49 pm

Winklevoss Brothers Own 'Material' Amount of Ether -

Tyler and Cameron Winklevoss have invested in ether as part of the lead-up to launch of Ethereum trading on their Gemini platform next week. The move is notable not just because it is part of a broader push to become the first licensed Ethereum exchange in the world, but because of their previous bitcoin investments.

Michael del Castillo / May 05, 2016 09:40 pm

Consensus Blockchain Standards Panel: Industry Should Take Action -

The last day of Consensus 2016 featured a workshop discussion on standards for blockchain development. The workshop featured author William Mougayar, Barclays blockchain and distributed ledger lead Simon Taylor, and Ethereum creator Vitalik Buterin.

Stan Higgins / May 05, 2016 08:30 pm

Winklevoss Bitcoin Exchange Gemini to Launch Ether Trading -

New York bitcoin exchange Gemini will launch Ethereum trading on Monday, a move that adds its second digital currency, ether, the token that powers the Ethereum network, to the platform. With the news, Gemini will offer users ETH/BTC and ETH/USD trading pairs.

Stan Higgins / May 05, 2016 06:47 pm

Global Expansion is Next Act for Bitcoin Cash App Abra -

The WhatsApp for payments? That's the ambitious goal Abra CEO Bill Barhydt has set for his $14m startup Abra. Live in one market today, Barhydt asserts that the digital cash company will soon be active around the globe, an expansion that will be fueled by partnerships and strategies long in the making.

Pete Rizzo / May 05, 2016 06:18 pm

BNP Paribas Works With Blockchain Startup to Open Source Law -

Meet CommonAccord a blockchain startup that's working with one of the world's largest banks. Its vision? To lay the foundation for how smart contracts could one day open source the complex and fragmented legal documents systems in place today.

Bailey Reutzel / May 05, 2016 04:28 pm