Blockchain
ZenLedger Launches Best In Class Crypto Tax Support in Canada
ZenLedger, a leading platform for cryptocurrency taxes and a provider of forensic accounting and blockchain analytics for the IRS, proudly announces the expansion of its services to support Canadian crypto investors.
New Features for Canadian Users:
Starting today, Canadian citizens can leverage ZenLedger’s platform to simplify and accurately manage their cryptocurrency tax obligations. With just a few easy steps, investors can generate a completed CRA Schedule 3, helping them accurately report their crypto transactions and avoid overpayment on taxes. The platform provides comprehensive services, including profit and loss calculations, income reporting, audit support, and accounting tailored for both retail investors and their accountants.
Pat Larsen, CEO of ZenLedger, commented:
“We are thrilled to expand our services to millions of Canadian crypto investors. We strive to be the most accurate and user-friendly crypto software solution globally and look forward to serving more countries in the future.”
Platform Features:
ZenLedger’s platform aggregates transaction data into a streamlined, easy-to-use dashboard. The platform offers extensive integration support, accommodating all exchanges, blockchains, wallets, NFTs, and DeFi protocols. This comprehensive approach ensures accurate tax calculations even for the most complex crypto portfolios.
The company also provides premium customer support, available seven days a week via chat, phone, and email. Tax professionals benefit from features like a multi-client dashboard, audit support, and a user-friendly interface.
Enterprise Solutions:
Beyond individual investors and CPAs, ZenLedger offers enterprise solutions, including compliance tools for crypto employee trading, tax centers for exchanges and wallets, and automated, API-driven form generation. These solutions are designed to meet IRS standards, ensuring regulatory compliance across the board.
Larsen added:
“Remaining compliant shouldn’t be a barrier to entry if we want the industry to succeed. Investors, tax professionals, and enterprises now have easy access to the best tools possible with ZenLedger.”
ZenLedger continues to innovate, providing crucial support for the evolving needs of the cryptocurrency industry.
Source: newswire.ca
The post ZenLedger Launches Best In Class Crypto Tax Support in Canada appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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