US Internal Revenue Service “Exempt from tax filing for cryptocurrency purchases in dollars”
The U.S. Internal Revenue Service is obligated to fill in the cryptocurrency column of the fiscal year 2020 income statement (1040) for taxpayers who purchased BTC (Bitcoin) in dollars in question 5 on the cryptocurrency question-and-answer page on the 2nd (local time). It said that it is exempted. However, the scope of exemption is narrow.
Heath Tabert resigns as chairman of CFTC… Chair-elect Chris Bremer influential
Heath Tabert, chairman of the US Commodity Futures Trading Commission (CFTC), will resign from the CFTC after meeting this Friday on the 3rd (local time). Chairman Heath Tabert has been regarded as a representative cryptocurrency’friendly’ person. Where Heath Tabert left, Chris Brummer, a professor of law at Georgetown University in the United States, is influential as the next chairman. It is also known that he is also interested in cryptocurrency.
Why is Ethereum higher than Bitcoin?
Recently, the view of bitcoin as an investment asset such as’digital gold’ has increased. However, Ethereum is becoming a blockchain platform. If Ethereum 2.0 is successfully commercialized after an upgrade period of about two years in the future, a significant portion of the real economy can be brought onto the network. In fact, the price of Ether has not exceeded the rate of increase in bitcoin prices throughout the year, but has risen sharply since the minimum conditions for the operation of Ethereum 2.0 were satisfied at the end of November.
Blockchain’Game Changer’ Ethereum… From ICO Boom to DeFi
Ethereum is often referred to as the second generation blockchain. Unlike bitcoin, which only has the function of sending and receiving money, Ethereum supports a function called smart contracts, which allows you to create multiple services. Compared to Bitcoin, its utilization and scalability are very high. Recently, another use case called DeFi (decentralized finance) created on the Ethereum blockchain has emerged.
50% of office workers in a blind survey’I trust cryptocurrency’
In a recent survey conducted by Blind, a workplace-based anonymous community, more than 50% of the 1,800 participants said they trust cryptocurrency. Among the respondents, employees of various companies such as Twitter, Amazon, and JPMorgan were included. The rate of trust in cryptocurrency was higher among employees of large investment banks than those in the technical profession.
Bitcoin price rises due to China’s’tether premium’?
Two weeks ago, demand from Chinese investors for tether rose, adding a premium to the price of tether denominated in renminbi. Individual investors in China generally use tether to access the cryptocurrency market. Direct trading of fiat currency and cryptocurrency is still prohibited in China.
Why Canada gave the Bitcoin ETF a green light
Canada did not approve the issuance of Bitcoin funds in 2019 because it was premature to sell, both in terms of institutional and physical facilities. This is because the market and regulatory environment are not mature. Two years later, in February 2021, Canadian financial authorities approved the first public offering of Bitcoin in North America. What changes in the past two years have caused the financial authorities to change their attitudes?
Bitfinex launches cryptocurrency payment service
Cryptocurrency exchange Bitfinex announced on the 3rd that it has launched a cryptocurrency payment service’Bitfinex Pay’. By adding this service to an online shopping mall, consumers can pay with cryptocurrencies such as Bitcoin, Ethereum, Tether (USDT), and Lightning Network BTC.
‘Blockchain Browser’ Brave creates its own search engine
Blockchain-based web browser Brave develops its own search engine. To do this, Brave acquired Tailcat, an open search engine. Until now, Brave has consistently emphasized that it is a web browser that protects personal information. Brave explains that central search engines such as Google collect personal information during the search process.
New York State launches blockchain-based’Corona 19 passport’
The US state of New York developed the public health app’Excelsior Pass’ using IBM’s blockchain-based digital health pass solution. The Excelsior Pass is mainly used to show health records such as vaccination or corona 19 test results before entering buildings.
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Peer-Woori Fund, joint development of digital asset corporate accounting platform
Peertech, which operates cryptocurrency exchange Gdak, announced that it will jointly develop a digital asset (cryptocurrency) corporate accounting platform with Woori Fund Service, an affiliate of Woori Financial Group, and launch it in the first half of this year. Using this platform, legal entities holding cryptocurrencies can make accounting for tax purposes easier. An official from Peertech said, “We will provide priority services to corporate customers of the Gdak Exchange, and expand the range of customers to various companies that want to own cryptocurrencies such as startups and large corporations.”
Jangle-Argo stores disclosure records on blockchain
Virtual asset (cryptocurrency) information disclosure service Jangle operator Cross Angle announced on the 4th that it will record project disclosure information on the public blockchain in collaboration with Argo, an enterprise blockchain platform. The purpose of this is to increase the transparency of the disclosure service and strengthen the investor protection device. Jangle plans to develop a DTT Alliance-based service, a data verification alliance with Argo, and link it with the Argo mainnet in the future.
Sony Europe R&D Center participates in Theta Labs Governance Council
Theta Labs, a developer of a blockchain-based video transmission network, announced on the 3rd that the Sony European R&D Center has joined the Validator Node and Governance Council. The Sony R&D Center is a research and development organization of the Sony Group, and the European R&D Center is located in Brussels, Belgium. Samsung NeXT, Google, Binance, Blockchain Ventures, and Gumi are participating in Theta Labs Validator Node and Governance Council.
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