Day: December 29, 2020

🔵 Ethereum 2.0 Has Launched! Why I Won't Be Migrating My ETH to the ETH 2.0 Chain (Yet)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 00:00 Introduction 01:10 What does Ethereum 2.0 mean? How long will it take for ETH 2.0 Phases to roll out? 07:52 Why I Won’t Be Migrating My ETH to the 2.0 Chain. Effects on ETH Price. Vitalik congratulating the successful launch of Eth 2.0: ● Genesis block for Ethereum 2.0: ● How much ETH is currently locked up in Eth 2.0: ● Messari tweet: ● – – – – – – – – – Disclaimer: This video is not financial or investment…

AI Chipmaker Graphcore Raises $222M in Series E Funding Round, May Go for IPO

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With the money from Series E Round, the total funds raised by Graphcore total over $710 million. The company is expecting to have over $440 million of cash on hand post-closing to support future growth. Graphcore, a UK-based semiconductor company that develops accelerators for AI and machine learning, has announced it raised as much as $222 million in a Series E funding round. The company called this funding a “pre-IPO” round as there are rumors that it may go public soon. Graphcore will use the money to expand globally and…

House Approves $2,000 Direct Payments in COVID-19 Stimulus Payouts, Looks to Senate to Vote

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There is a possibility that the Senate Republicans may want to hold onto their conservative approach in increased spending citing longer-term consequences. The United States House of Representatives passed the votes to support the issuance of $2,000 in stimulus checks to American households or beneficiaries, with expectations from the Senate to also sign off on the higher payments. According to a report from Newsweek, the vote from the House came a day after President Donald Trump signed off the COVID-19 stimulus bill with a $600 direct payment to Americans and…

TSLA Stock Slightly Up, Tesla to Venture into India Early Next Year

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Tesla has announced its plans to enter the Indian market early next year, but not next month as Elon Musk previously noted. Tesla Inc (NASDAQ: TSLA) stock jumped approximately 0.29% on Monday to close the day trading at $663.69. Although a negligible tweak, Tesla stocks are set to benefit from the company’s entry into the Indian market early next year. Meanwhile, according to the transport minister of India Nitin Gadkari, Tesla is set to start operations in the country early next year. At the time of writing in the pre-market,…

Calls for Another Bitcoin Bull Run Grows as Its Open Interest Soars

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Bitcoin prices eased on Tuesday as traders with short-term risk appetite locked their profits. The benchmark cryptocurrency slipped by up to 4.56 percent to an intraday low of $25,833. Nevertheless, attempts to extend the bearish momentum faltered due to a comparatively stronger buying pressure near the $25,000-area. Since Christmas, the level held as concrete support for the third time raised expectations that it would serve as a floor for the next upside run. Bitcoin consolidates inside a Descending Channel pattern. Source: BTCUSD on TradingView.com Bitcoin consolidates inside a Descending Channel…

India Considers 18% GST on Bitcoin Transactions

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The Indian government is reportedly mulling over imposing an 18% goods and services tax (GST) on bitcoin transactions. According to the Central Economic Intelligence Bureau, the government could gain Rs 7,200 crore annually from this bitcoin taxation. 18% GST on Bitcoin Trades The Central Economic Intelligence Bureau (CEIB), an arm of the finance ministry, has proposed imposing an 18% goods and services tax (GST) on bitcoin transactions, the Times of India reported Tuesday. The CEIB, which acts as the finance ministry’s think tank, recently conducted a study on levying GST…

India ponders Bitcoin tax law to target $5B market

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India’s finance ministry has called for the enactment of Bitcoin (BTC) tax laws in the country. According to the Times of India, the ministry’s Central Economic Intelligence Bureau, or CEIB, recently submitted a draft document that proposes levying an 18% goods and services tax on Bitcoin trading. CEIB figures put the estimated Bitcoin transaction volume in India at over $5.4 billion. Thus, the proposed 18% tax could see the government earning about $970 million from crypto taxation. As part of the proposed plan, the CEIB is pushing for virtual currencies…

The Biggest Transfer of Wealth IS COMING | Cryptocurrency

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India Mulls Imposing 18% Tax on Bitcoin Transactions

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The Indian government is considering a bitcoin transaction tax that would add $1 billion in revenue a year, a move some industry participants said is a sign of the government’s growing comfort with cryptocurrencies. A proposal put forward to the Central Board of Indirect Taxes & Customs (CBIC) by the Central Economic Intelligence Bureau (CEIB) would categorize bitcoin as an intangible asset and impose an 18% goods and services (GST) tax on bitcoin transactions, according to The Times of India. The proposal also suggests treating bitcoin as current assets and…