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Mic Drop

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Posts posted by Mic Drop

  1. In late 2021, Impervious launched a series of API’s that serve as a programmatic layer for the Bitcoin Lightning Network, adding Peer-to-Peer communications and data transfer capabilities to the real-time payments protocol of the Bitcoin Lightning Network.

    The Impervious Browser, set for release in Q2 2022, provides an entire suite of easy to use P2P tools that help to mitigate censorship and surveillance controls.

  2. The price of grains has gone up. The feed animals gains so the price of meat, eggs, and dairy will go up next. Regardless of what leads to it 50% increase within a month is considered hyperinflation. Next will see people buying extra food to stockpile causing more shortages and continued increase prices. hyperinflation is here, only bitcoin can save us now.

    EU knew this was coming that is why they were trying to pass that law to ban self custody wallet withdrawals from exchange. To prevent capital flight from the fiat Euro. The euro will see hyperinflation.

  3. Cryptocurrencies and blockchain technology has come under increasing regulatory scrutiny in the Western world with recent executive orders and more from President Biden emerging in the US, controversy over proposed changes to the MiCA directive in the European Union and Treasury announcements expected in the UK regarding new crypto regulatory frameworks in the UK.

    Meanwhile, the Middle East has fast been establishing itself as both friendly to and a hub for cryptocurrency companies and actors in the space.

    Dubai in particular has been showing open arms to digital asset companies and this has been reaffirmed via recent announcements from some blue chip institutions in the space.

    In a statement released yesterday, Crypto.com released plans to construct a “significant” presence in the region.

    What’s more, ByBit made clear it’s intentions to move its global headquarters to the emirate, in a recent blog post.

    ByBit will begin operations in the jurisdiction as early as April of this year having been granted approval to carry out a “full spectrum” of digital asset operations in Dubai.

    Both Crypto.com and ByBit join the likes of Binance and FTX in expanding their operations to the UAE and it only goes to show that not all states are hostile and skeptical of cryptocurrency. Even Singapore, previously touted as a home to the likes of Crypto.com and Binance, tightened restrictions around consumer-facing marketing earlier this year…

    https://www.bloomberg.com/news/articles/2022-03-29/crypto-com-bybit-announce-plans-to-set-up-operations-in-dubai

    - guy from CoinBureau

  4. US President Biden has released his budget proposal for the 2023 fiscal year and it isn’t all sunshine and roses for cryptocurrency in the States, despite local support from states like Florida, New York and Texas.

    Biden intends to impose mark-to-market rules to digital assets which are ‘actively traded’. This effectively means that investors are tax-liable for cryptocurrency gains that they have not yet realised by selling the asset in question.

    The above presents an hugely onerous obligations to investors which will surely push innovation and investment away from American shores.

    Biden dubs this the ‘modernisation’ of crypto regulations and expects the move would generate $6.6 billion in tax-revenue between 2023 and 2032.

    Furthermore, Biden wants to impose reporting requirements on US residents that hold more than $50,000 in offshore accounts.

    According to the Treasury, which expects the reporting tightening to generate $2.2 billion in revenue in ten years:

    "The global nature of the digital asset market offers opportunities for U.S. taxpayers to conceal assets and taxable income by using offshore digital asset exchanges and wallet providers,"

    It is no secret that, as presidents go, Joe Biden is a big spender indeed. Though it seems foolhardy to force an emerging industry, like cryptocurrency, to shoulder to burden of his aggressive fiscal policy which is no doubt prompted by re-election pressures…

    https://decrypt.co/96270/biden-eyes-5-billion-2023-revenue-applying-new-tax-reporting-rules-crypto

     

     

     

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