TD Ameritrade to Embed Its Logo Into BTC Blockchain

Online broker used the OP_Return function in the bitcoin protocol to insert the required symbols
25 April 2018   1396

TD Ameritrade placed its own logo in the form of an ASCII flag directly in the bitcoin blockchain. This is reported by CoinDesk.

The online broker used the OP_Return function in the bitcoin protocol to insert the required symbols, and included them in the blockchaain by sending 68 transactions. The peculiarity of blockchain technology ensures that this flag will remain forever in the public register of bitcoin.

TD Ameritrde
TD Ameritrde 

We love finding new ways to use emerging technology. So we decided to have a little fun and plant our flag. Okay - technically, we embedded it. With a part of the blockchain called OP_Return, which functions like the memo space on a check, simple messages and characters can be placed within transactions on the blockchain. By linking 68 individual transactions, with 80 characters per transaction, we were able to create the larger image.
 

TD Ameritrade

According to Blockchain. info, bitcoins were not transferred during these transactions.

OP_Return function was introduced in 2013. It allows users to leave their messages in the blockchain. In the notes to the Bitcoin Core 0.9 release it was said that developers do not welcome the storage of data not directly related to transactions in the public registry. According to them, "it is less expensive and much more efficient to store such data in some other place".

Israeli BTC Investors to Face Catch 22

They need to pay taxes from Bitcoin investing in order to avoid their property arrest, but banks don't take their money due to AML issues
06 August 2019   171

Bitcoin investors in Israel are faced with the impossibility of paying taxes, as local banks refuse to accept funds received from the sale of cryptocurrencies because of the risks of money laundering and terrorist financing. About this writes the local edition of Haaretz on August 6.

Bitcoin is not recognized as a currency in Israel, therefore, individuals must pay 25% of the income from cryptocurrency trading to the treasury, and legal entities - 47%.

Investor Ron Gross told the publication that he acquired bitcoins in 2011 and reported his income to the tax office. In 2017, the bank that served Gross began to refuse to accept funds received from the sale of bitcoins. The investor met with representatives of the bank to demonstrate to them a 70-page history of bitcoin transactions as confirmation of the origin of the funds, but failed to convince them.

The tax authority is aware of the problem, but they say the ball isn’t in their courts. I’ve tried working with almost all the banks, but the minute they hear the word ‘Bitcoin’ they freeze up.
 

Ron Gross

Bitcoin investor from Israel

 

Since Gross was unable to pay taxes on time, his bank account, home, and even scooters were arrested. According to the investor, the tax authorities know about the problem, but can do nothing.

According to Haaretz, the tax office is aware of $ 86 million in unpaid taxes on income from cryptocurrency trading. It is possible that the real amount may be significantly higher.

Roy Arav, another Bitcoin investor, kept the proceeds from trading Bitcoin in an account with Israeli bank Discount under the control of the Bit2C exchange. The bank refuses to transfer money to Arava’s personal account under the pretext that its politicians forbid it to transfer funds related to virtual assets to client accounts due to the risks of money laundering and terrorist financing.

Arav also could not pay taxes and was forced to sue the bank. According to the investor, the authorities entered his position and granted him a deferral of time for the consideration of the claim.