ūüďö The Australia Taxation Office (ATO) is investigating 12 tax avoidance schemes as a part of an international investigation led by the J5 group which includes Australia, the U.S., the U.K., the Netherlands, and Canada. One of the 12 schemes targeted by the ATO is said to be a global financial institution and its intermediaries, and the agency is exploring other firms that have used cryptocurrencies to assist entities evade taxes.
 
"We're seeing the use of cryptocurrencies in ways that we haven't seen before. At the Australian level, there is definitely legitimate use for investment in cryptocurrencies, but we're also seeing the use of them to facilitate tax crimes," ATO deputy commissioner Will Day said - Link


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Hyperlegder has added eight new members including Microsoft, Salesforce, and Russian metal giant Nornickel to its consortium of 270 partners; Nornickel is planning to tokenize its mining volume by years end using on Hyperledger; the Ethereum Foundation also joined as an associate member - Link


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0xGames is announcing the pre-sale of their fourth game 0xRacers, a multiplayer racing manager where players can own the cars in game and profit while playing; all purchased items can be used in the released version of the game which is set to be by the end of summer 2019; 0xGames is an open economy games developer with their debut project 0xUniverse climbing to the Top 1 of dapp list and has been in the Top 3 since its release, according to Dappradar and Metamask - Link


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ūüďö¬† ¬† Facebook's Libra shares a lot of commonalities with Ethereum including its problems writes Jameson Lopp in his review of the Libra white paper. Libra is a generic crypto asset protocol with one stablecoin as of now, Libra; running essentially a proof-of-stake node system, Libra will always have issues of disconnecting from the legacy financial system. Although called a blockchain, the white paper truly describes a series of signed ledger states which still manages to be highly functional. Overall, Libra looks more like Ethereum or XRP than Bitcoin¬†-¬†Link


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Quantstamp has just released the Quantstamp Security Network V2, which features a decentralized design using staking, improved security analysis, has open-sourced code, and stores security reports completely on the Quantstamp blockchain, CoinTelegraph reports; anyone can now run a node on the Quantstamp Security Network V2 and earn QSP tokens by staking and participating in the network; this feature is an important step in increasing the decentralization of the network and removes the AWS dependencies of the previous version; Nodes can now interact with the Ethereum blockchain directly either using Infura or through their own Ethereum nodes - Link


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Social media giant Facebook has yet to respond to a litany of questions posed by the Senate Banking Committee on its crypto project, Libra; although no deadline was given for answering the questions, Libra's launch and subsequent criticism by European officials adds regulatory questions to Facebook's crypto - Link


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