The Verkhovna Rada registered a draft law on the introduction of 5% -18% taxation of digital assets, such as tokens and crypto-currencies . The draft law on the taxation of crypto-active assets No. 9083 was developed by 23 deputies of various factions and involves the imposition of a 5% tax on individuals and legal entities working with virtual currencies. Starting from January 1, 2024, the profit related to the crypto currency will be subject to 18% tax at the base rate. As the authors of the bill note, according to preliminary estimates, the property of Ukrainians has crypto-currencies and other…
Author: BlockchainJournal
Tradeshift's CEO Christian Lang countered the "hype" about the role of Blockchain technology in supply chains. According to him, the technology is "still not ready" for such an introduction. In an interview at the World Economic Forum in China, Lang suggested that Blockchain might be used in areas such as identification and certification, but he argued why its use in the supply chain would be too difficult for technology in its current state. "If you want to have authentication, or know where and when an event occurs, then blockchain is an excellent technology for controlling the flow of data," he…
Cardano (ADA) and Ripple (XRP) in the past 24 hours increased by more than 10%. Bitcoin is maintained at a stable level, leading the recovery of the crypto-market. Earlier in the week, the total capitalization of currencies dropped to $ 190 billion, which worried investors, suggesting a drop to the annual minimum of $ 185 billion. First of all, Ethereum fell, while Bitcoin remained relatively stable around $ 6,300. On September 16, when the price of the military-technical cooperation was about $ 6,500, the CCN resource reported that a low volume of trading of the leading crypto currency could be…
In the evening on Wednesday, September 19, the price of bitcoin for a short period of time first fell to $ 6,100, and then swiftly went up, exceeding the $ 6500 mark. An unusual pattern in the market was accompanied by reports about the hacking of the Japanese stock exchange Zaif. Just reported in Japan: Japanese Exchange Zaif hacked, 5966 BTC (37million USD) stolen from hot wallet (stolen 5 days ago, and just reported now!). BCH and MONA also potentially stolen. https://t.co/1VeKPb50nI – Kay Kurokawa (@kaykurokawa) 19 September 2018 "Just reported from Japan: the Zaif exchange was hacked, 5966 BTC…
The Swiss blockbuster start-up Eidoo has joined the ranks of projects launching its own steebles, announcing the creation of a stable coin tied to the price of gold. BREAKING NEWS: #Eidoo announces a stable coin tied to the #gold price, @Ekon_gold . https://t.co/vMP8tdy7R3 – Eidoo [Non-giver of ETH or other crypto] (@eidoo_io) 19 September 2018 Eidoo's stubblecoin is called Ekon and is a token compatible with the ERC-20 standard, which will be available in a multi-currency purse and on a hybrid decentralized project exchange. To exchange Ekon it will be possible for one gram of gold of 999 test, which…
From the draft law "On Digital Financial Assets" prepared for the second hearing in the State Duma of the Russian Federation, the concepts of "mining" and " crypto-currency " were deleted, although in the earlier version of the document, mining was understood as the production of crypto-currency, which is a kind of digital asset. Now, mining in the Russian Federation is seen as the issue by Russian or foreign legal entities and individual entrepreneurs of tokens to attract investment in capital. Moreover, the issue of tokens should be provided by the property of the issuer or third parties and accompanied…
According to Bloomberg, a dispute arose in the community about the update, which threatens to become a hard-core. One of the debaters is Bitmain under the leadership of Jihan Wu, the other is CoinGeek's rival, supported by billionaire Calvin Eyre. Both mining giants insist on their vision of an upgrade. Bitmain believes that the new network should allow developers to release tokens, as on Ethereum. Also, the miner, along with Roger Vere, considers it necessary to burn coins. CoinGeek wants to install an upgrade Bitcoin SV (the abbreviation means pathetic Satoshi Vision, Satoshi Vision). This solution was launched by the…
New York State Attorney-General Barbara Underwood handed the information about the three main crypto-exchange exchanges to the State Department of Financial Services (NYDFS) because of a possible violation of the rules applied to the virtual currency in New York. Mentioned exchanges Binance, Gate.io and Kraken. The information came from the Integrity Initiative Report on Virtual Markets, published by the Office of the Attorney-General of the State of New York (OAG) today. The report details the problems initially posed by OAG regarding the operations of crypto-exchange platforms, especially with regard to security, internal controls, market surveillance protocols and other appropriate measures…
The operator of the leading South Korean currency exchange Upbit, Dunamu, announced its intention to open another trading platform in Singapore in October. This is reported by CCN . In a statement, Alex Kim, CEO of Upbit Singapore, said that users from Singapore will be able to trade all the crypto-currencies, an integrated partner exchange with. The new platform will have a 24-hour security monitoring system. He also noted that the decision of Dunamu to enter the Singapore market was influenced by the positive approach of the Monetary Authority of Singapore (MAS) to regulation, as well as the desire of…
Weiss Ratings, a private company that offers market research and analysis of shares in investment funds, insurance companies, banks, credit unions and crypto currency, has issued a bold prediction about the future of Bitcoin and Ethereum. Ethereum is a favorite The rating agency, founded in 1971, regards Bitcoin as a "limited one use case" and reports that over the next five years it will likely lose 50 percent of its market share in favor of ETH. The reason for the argument is that Ethereum offers more use cases than Bitcoin, with the possibility of creating decentralized applications and smart contracts.…