Taxes Russian citizens are expected to pay 13 percent tax on their crypto-related incomes. Amendments to the tax code are currently being prepared. The exact rates should be confirmed by the end of the year. However, lawyers have warned that even now citizens risk criminal prosecution if they fail to report gains from dealings with cryptocurrencies. Also read: 0 to 50 percent – Time to Pay Crypto Taxes in the European “Union” Tax Obligations Apply to All Read more …
Major Russian state-owned bank Gazprombank will be conducting pilot cryptocurrency transactions in Switzerland, local news outlet Vedomosti reported March 29. According to Aleksandr Sobol, the Deputy Chairman of the Board at Gazprombank, Switzerland was chosen due to the more liberal crypto legislation in the country. Sobol said that “some kind of pilots” will “of course” take place, according to Vedomosti: “This will not be on a grand scale, but for ourselves. This is a demand from the sides of our Read more …
The theory behind Bitcoin, Ethereum, and General Cryptocurrency Crash is a cartel that manipulates prices directly through sales, amplified by a recent report on Medium. On the basis of the bitcoin price of the last months, it shows clearly how Bitcoin was massively sold at key moments and negative headlines were scattered in order to push the price further. The fundamentals of the crypto industry are better than ever. Week after week there is news that other major companies are Read more …
Join our community of 10 000 traders on Hacked.com for just $39 per month. Less than three months have passed since the first Bitcoin futures contracts exchanges hands on a regulated US exchange, but one industry veteran says that his clients are already clamoring for more cryptocurrency derivatives. Bitcoin Futures the Beginning of a New Derivatives Class: Wedbush Securities Director Bob Fitzsimmons, who spent decades in the trading pits and now serves as managing director of Wedbush Securities’ futures division, Read more …
Things are not looking great for Bitcoin as of right now. The price is dropping, and so are the number of transactions. This latter part is always subject to interpretation, though. While things may look a bit bleak now, there is no reason to believe the situation won’t improve. In fact, it seems things will most certainly get better over the next few months. Bitcoin Transaction Volume Dip Using Bitcoin as a currency means competing transactions. When the Bitcoin transaction Read more …
The week began with news that Twitter’s ban on cryptocurrency ads was taking effect immediately, affecting an industry already taking a hit in interest worldwide. Studies are showing that internet searches are on the decline. But things are looking a little more optimistic in areas like South Korea, which seems poised for growth. Indeed, it was announced that cryptocurrencies will be accepted in over 6,000 South Korean stores over the coming months.Stay on top of the best stories in the Read more …
The cryptocurrency market has entered a full-fledged state of depression, leaving many long-time investors frustrated and many first-time investors downright furious. However, the worst is almost certainly over. A hard fall Many uneducated cryptocurrency investors lump the major market players — Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and possibly Bitcoin Cash (BCH) — into the same category, even though there are fundamental and core differences between these cryptocurrencies. That group, according to Linda Butcher, co-founder of Rewards Blockchain Read more …
Regulation Cryptocurrency transactions are still tax-free in South Korea due to a lack of tax regulations. As the law stands, citizens are able to profit millions of won from cryptocurrencies without being required to pay taxes on them. However, the regulators have set a tentative timeframe for the introduction of the crypto tax law. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Still No Tax on Crypto Transactions A lawyer in his early 40s Read more …
The week began with news that Twitter’s ban on cryptocurrency ads was taking effect immediately, affecting an industry already taking a hit in interest worldwide. Studies are showing that internet searches are on the decline. But things are looking a little more optimistic in areas like South Korea, which seems poised for growth. Indeed, it was announced that cryptocurrencies will be accepted in over 6,000 South Korean stores over the coming months. Stay on top of the best stories in Read more …
Join our community of 10 000 traders on Hacked.com for just $39 per month. I know most of you are worried about price and the recent slump in the overall market valuation. Personally speaking, that does not concern me one bit as I believe this price and volume downfall is just temporary. As I mentioned before the market is no-where near maturity as the basis technology – distributed ledgers with economic incentives and applied game theory – has been created Read more …
Featured The Satoshi Revolution: A Revolution of Rising ExpectationsSection 2: The Moral Imperative of PrivacyChapter 6: Privacy is a Prerequisite for Human Rights How Centralized Exchanges Intend to Devastate You. Chapter 6, Part 6. The root problem with conventional currency is all the trust that’s required to make it work…We have to trust them [third parties] with our privacy, trust them not to let identity thieves [including government] drain our accounts.– Satoshi Nakamoto Satoshi never envisioned centralized Read more …
ICOs have revolutionised the way startups are conceived, created and funded; the traditional venture capital model is now well and truly disrupted. According to figures collated by Coinschedule, investment dollars in ICOs were merely in the millions in 2016, but last year the figure soared into the billions. We’ve barely turned the corner into 2018, but a total of $2.8 billion has already been tied up in new token offerings, suggesting the ICO boom is far from over. It’s not Read more …