Author: Donald Munn
Bloomberg reports today that Japan financial regulator (FSA) has proposed reducing taxes for crypto companies and individual investors. Japan wants to boost its economy tied to crypto companies The current Japanese government, and in particular the Prime Minister, Fumio Kishida, is studying various incentives to reinvigorate the country’s economy, and apparently among them may be some related to the cryptocurrency sector. According to Bloomberg reports, the proposal would cover a tax exemption for companies that issue cryptocurrencies, and it would also call for the enhancement of a tax relief program for individual cryptocurrency investors. It should be noted that a…
After Jerome Powell’s speech in Jackson Hole, experts say it may be time for Bitcoin to restart after hitting its low. Is bitcoin at its low after Fed Chairman’s words? The Fed‘s number one, Jerome Powell, who has for months initiated a very aggressive rate policy to challenge rate hikes, said in a speech on Aug. 26 that on rates he intends to pull straight “until the job is done” and that is until the institution is sure that inflation “will be under control,” even if that process “will cause some pain for households and businesses.” Markets immediately fell back…
In some videos going around the web, Kyle Roche, a lawyer for the company behind the development of the Avalanche blockchain project, bragged about being friends with the company’s CEO and making ad hoc lawsuits against its direct competitors. Avalanche founder Emin Gün Sirer actually knows Roche but says he is totally uninvolved in the affair, specifying it is not in his modus operandi to use such means. Avalanche price Avalanche (AVAX) lost the most ground this weekend, leaving 15% in the field. Roche believes he was set up and, following a series of veiled accusations, revealed: “He asked for…
Within weeks of its announcement, Ripple’s project to tokenize some land expropriated by the government from the underworld appears to be facing unexpected difficulties. Ripple: tokenization of some Colombian land seems to stall The project that Ripple Labs had launched in collaboration with Colombian authorities to register via blockchain some portions of land confiscated from the underworld by the government is in serious danger of not materializing. This. https://t.co/88n6P8YLK6 — RippleX (@RippleXDev) July 29, 2022 The project, which had been launched in late July by the Colombian government in partnership with blockchain developer Peersyst Technology and Ripple Labs, was to…
Renowned host of CNBC’s Mad Money, Jim Cramer, spoke about his love-hate relationship with crypto, urging investors to avoid speculative assets like Bitcoin. Jim Cramer and the call to avoid speculative assets like Bitcoin and crypto in general American financial guru and former hedge fund manager Jim Cramer spoke during an episode of Mad Money about cryptocurrencies, this time in a not-so-positive way. Jim Cramer says avoid all speculative investments like #crypto. — Watcher.Guru (@WatcherGuru) August 31, 2022 “Jim Cramer says avoid all speculative investments like crypto.” In fact, it seems that right now his call toward investors is precisely…
According to the latest CryptoCompare report, Ethereum continues in its bull run, outperforming the market in both July and August. Ethereum-based products benefit from the rise Ethereum-based products led the rebound in July and continued to outperform in August. AUM (Assets under Management) for Bitcoin-based products fell 7.16% to $17.4 billion, while Ethereum-based products posted gains of 2.36 percent to $6.81 billion. In fact, even at a more granular level, no Bitcoin products covered in this report recorded AUM or volume gains in August. These are some of the findings from the company CryptoCompare’s latest cryptocurrency markets report just released,…
After the Ethereum Merge, scheduled for mid-September, ETH will no longer be mined on the old blockchain. In fact, as early as Sept. 6 there is news for those who work with Ethereum because on this date the hard fork will take place, so clients will have to be updated. Vitalik Buterin mentioned this in a Twitter post yesterday: Reminder: even though the merge is coming around Sep 10-20, the beacon chain hard fork is on Sep 6. Make sure to update your clients before then! https://t.co/x8GQCbtNNk — vitalik.eth (@VitalikButerin) August 30, 2022 The effects on mining pools with the…
Russia Prime Minister Mikhail Mishustin said cryptocurrencies are needed for foreign payments. Russia wants to exploit cryptocurrencies in international payments On the sidelines of a think talk on the development of Russia’s financial system, the country’s prime minister opened up on digital currencies, which he said are becoming necessary for cross-border payments. Blockchain is a technology that can offer great possibilities for Russia, according to Mishustin, as long as it is controlled by the government: “We need to intensively develop innovative areas, including the adoption of digital resources. It is a safe alternative for all parties who can guarantee uninterrupted…
Travala, a company that offers a platform for booking planes and hotels by paying in cryptocurrency, announced today its goal of having the lowest prices when it comes to flights. The company has, in fact, decided to avoid using an intermediary for the so-called global distribution system (GDS), to create a new standard New Distribution Capability (NDC) to enable travelers to receive cheaper flight prices. Travala.com, by eliminating the middlemen, will now be able to refer directly to the airline’s booking system and not to a system created by a third party, and obviously in this way more competitive costs…
The South American province of Mendoza, in western Argentina, has decided to accept Bitcoin and other cryptocurrencies for tax payments. Specifically, this is the Mendoza Tax Administration (ATM), which has added on its official website the possibility of paying taxes in cryptocurrency since last August 27. The government, however, will not keep any kind of cryptocurrency, but they will be immediately converted into pesos by an online payment company that has not yet been revealed. Crypto-friendly Argentina? Bitcoin use expands As early as 2021, a bill was introduced in Argentina that would have introduced salary payments in Bitcoin and cryptocurrencies.…