NFT Collection The Superlative Secret Society Price, Stats, and Review
Bitcoin soars as exchange withdrawals dip: Further gains for BTC?
Bankrupt Genesis Global Receives Court Approval for $3,000,000,000 Payout to Customers
Bitcoin Developers Teases One Major Trigger For Next Bull Run
Cryptoquant CEO Predicts Bull Run Midpoint as Bitcoin Recovers
Pump.fun exploiter arrested: ‘Team alleges I stole $2m in ill-gotten gains’
Will Washington Wreck Or Welcome Crypto? Looming Vote Holds Bitcoin’s Fate
10 US Spot Bitcoin ETFs Absorbed 548,556 BTC Worth $36 Billion in 128 Days
Bitcoin Price Analysis: Whale Accumulation Near Pre-FTX Levels Sets BTC Rally to $74K
Bitcoin Boom: Price Explodes Past $67,000 As Investor Confidence Returns
Bitcoin climbs above $67K: Will BTC cross $100K this time?
Vitalik Buterin Outlines Improvements for Ethereum’s Decentralized Future
EigenLayer In Spotlight Again On Controversial Advisor Allocation
Analyst Says Markets ‘100% Underestimating’ Odds of Ethereum ETF Approval, Warns Top for Memecoins in Sight
NFT weekly sales drop 9% to $145m, Bitcoin leads despite downturn
dogwifhat [WIF] sees $1M in long liquidations as price tumbles: What now?
Bitcoin Whale Buys 1,590 BTC Amid Price Flux, What’s Next?
Peter Schiff Proclaims Bitcoin ‘Dead’ Despite High Trading Levels
Accidental Bitcoin Transfer Pushes Satoshi Nakamoto’s Genesis Wallet Over 100 BTC
Can Pepe Coin Price Overcome Whale-Induced Setback? Key Support Levels in Focus
Back to the drawing board: rethinking interoperability | Opinion
Update: Kraken says no plans to delist USDT in Europe
BONK rallies nearly 30%, but why the memecoin can turn bearish soon
Bitcoin Whales Balance Returns To Pre-FTX Collapse Levels – Impact On BTC Price?
Blockchain could destroy banks in London and impact tax collection, warns McKinsey senior advisor
John Straw, a senior advisor to management consulting giant McKinsey’s London unit, has warned that blockchain technology could destroy banks in the country, and therefore, collection of personal and corporate taxes.
"Let's say that somebody actually does produce a working blockchain peer-to-peer [financial] system. It'll be a lending system that actually scales, we won't need banks any more,” Straw said at the recent Cloud and Infrastructure Live event hosted by media outlet Computing U.K.
Straw added that no banks mean no central clearinghouses, and therefore, they don’t pay tax. “So who's going to pay for the NHS [National Health Service]?" asked Straw, who is also a senior advisor to tech giant IBM, according to his LinkedIn profile.
He added that blockchain is a “democracy killer in many regards," and supported France’s and Germany’s decision to block the Facebook-led stablecoin project, Libra, as blockchain makes transactions “invisible to the taxman.”
Straw, however, noted that blockchain-based smart contracts are “a bit of a joy,” as these help with quicker transactions, automatic remittances, requires no lawyers, among other benefits.
