Day: October 27, 2021

Florida County Miami-Dade to ‘Study Feasibility’ of Paying Taxes With Crypto

Miami-Dade County in Florida has approved a resolution to create a taskforce to study the feasibility of accepting crypto as a form of payment for taxes. The Cryptocurrency Task Force will offer recommendations around other potential policies related to crypto that could prove advantageous, according to an announcement Wednesday. First and foremost, the taskforce will explore how Miami-Dade could accept crypto as a method of payment for taxes, fees and services. The taskforce also intends to meet with Wyoming-based American CryptoFed DAO, the first legally recognized…

The Evolution of Ethereum’s Monetary Policy

This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto markets. Subscribe to Valid Points here. Ethereum’s native asset was once discredited by bitcoiners and investors alike for its lack of hard monetary policy and ever-inflationary “tokenomics.” However, the combination of decentralized finance (DeFi), Ethereum Improvement Proposal (EIP) 1559 and the coming transition to proof-of-stake has worked to create what ether holders call “Ultra Sound Money.” Ethresear.ch recently introduced multiple new models to predict the circulating supply of ether after…

January 22nd Bitcoin Cryptocurrency Market Update Plus More Trade Tips

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Dubai finance watchdog approves listing of Bitcoin fund

The Bitcoin Fund (QBTCu.TO), a closed-end investment vehicle based in Canada, has received regulatory approval from the Dubai Financial Services Authority. The fund debuted on Nasdaq on June 23, 2021 and became the first listed digital asset fund in the Middle East. The fund’s goal is to provide investors in the shares of the fund with exposure to Bitcoin (BTC) and the daily price changes of the U.S. dollar price of Bitcoin, as well as long-term capital appreciation. The fund is a diversified portfolio of digital assets that invests in…

Ukraine Security Service Busts Criminal Group Selling Bitcoin-Stealing Malware  – Bitcoin News

Law enforcement authorities in Ukraine have exposed a crime ring specializing in cryptocurrency theft and laundering of illicit funds for hackers. The gang, which provided services to clients on the darknet, has been dismantled as a result of a joint operation carried out with the United States. Cybercriminals From Ukraine Launder Millions, Offer Flash Drives With Crypto Malware The Cybersecurity Department at the Security Service of Ukraine (SBU) has recently identified a group of individuals who allegedly laundered tens of millions of dollars from darknet sources, the agency announced. The…

Cryptocurrency Market Update! – Crypto Price Gains LINK, UNI, SOL – Crypto Price Prediction 2021

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London Commuters Face Ad ‘Assault’ by New Musk-Inspired Coin: Report

Advertisements for a meme-based coin named after Elon Musk’s shiba inu dog have appeared on London’s transportation network in recent weeks. The Floki Inu coin is being advertised to users of the U.K. capital’s bus and metro network with the slogan “Missed Doge? Get Floki”, the Financial Times reported Wednesday. A blog post by Floki Inu’s founders last month said the advertising campaign would be “a full-out assault on the London public transportation system.” The ads are ostensibly attempting to profit from interest around cryptocurrency, in particular meme-based crypto like…

Latin America stands to benefit most from crypto, says Uphold exec

El Salvador’s Bitcoin (BTC) adoption has triggered a digital asset revolution in Latin America, and the region could benefit even more if people can exchange cryptocurrencies, fiat money and the upcoming central bank digital currencies (CBDC) on the same infrastructure, said the head of multicurrency investment platform Uphold. Speaking to Cointelegraph, Uphold CEO JP Thieriot underscored that the nature of life in Latin America begs for Bitcoin-based use cases, listing the region as that which will benefit the most as crypt adoption continues to grow. Venezuela and Colombia are the…

Slovenian finance ministry seeks public opinion on crypto tax laws

Slovenia’s Ministry of Finance is reportedly seeking public consultation on a draft bill related to taxing cryptocurrency investments, according to local reports.  The ministry’s intent to gauge investor sentiment comes almost a month after the Financial Administration of the Republic of Slovenia proposed a 10% tax on cryptocurrency activities. If signed into law under Slovenia’s Income Tax Act, the proposed bill will impose a 10% tax rate on every fiat-crypto conversion and payments made with cryptocurrencies. However, the threshold for tax liability will be set to 15,000 euros ($17,387) for…