Thursday, May 24Your Daily Bitcoin & Altcoin News Portal

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Ireland Clarifies Taxation of Crypto Transactions – Bitcoin News

Ireland Clarifies Taxation of Crypto Transactions – Bitcoin News

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Please share if you find this article interesting. Ireland Clarifies Taxation of Crypto Transactions - Bitcoin News Taxes The Irish revenue service has published a manual with guidelines aimed at eliminating the uncertainty surrounding the taxation of crypto transactions. Investors and traders of digital coins, businesses working with cryptocurrency and tax advisors, of course, can now find answers to many but not all of their questions. The notice has been issued at a time when tax authorities across Europe are trying to tap into crypto incomes and profits in the absence of dedicated regulations in most cases.   Also read: Poland Backpedals on “Irrational” Crypto Tax After Strong Backlash Cryptos to Be Treated Under ‘Normal’ Tax Rules The “Tax and Duty Manual” issued by aut
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Poland Continues its Aggression Towards Crypto, But the Community Shows Force

Poland Continues its Aggression Towards Crypto, But the Community Shows Force

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Please share if you find this article interesting. Poland Continues its Aggression Towards Crypto, But the Community Shows Force On May 10, Polish Financial Supervision Authority (KNF) held a tender order of 615,000 zloty (around $170,000) to plan and conduct a social media campaign that will focus on the risks associated with cryptocurrencies, pyramid schemes, and forex trading. That sum is hardly impressive, but represents another gesture against crypto by the conservative Polish government, which has already admitted to its investments in FUD media activities in February. Nevertheless, the local crypto community has stood up for itself in an educational response. Winter disclosures Poland officially recognizes trading and mining of cryptocurrencies, however the state’s overall
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Spain: Barcelona to Create Blockchain Center in City’s Tech Hub

Spain: Barcelona to Create Blockchain Center in City’s Tech Hub

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Please share if you find this article interesting. Spain: Barcelona to Create Blockchain Center in City’s Tech Hub Barcelona Tech City will create a specialized space for blockchain technology development, local news outlet La Vanguardia reports today, May 24. The blockchain space will consist of a second building near to Pier01, the headquarters of Barcelona Tech City that opened in summer 2016, and will most likely be occupied by Spanish blockchain network Alastria, according to unnamed sources. Pier01 currently houses 1,000 professionals from tech startups and innovation hubs as part of the city’s digital ecosystem in the reconverted Palau de Mar. La Vanguardia writes that the different buildings of Barcelona Tech City will be connected by electric vehicles and also contain ce
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Diamond Industry Giants Partner With Blockchain Startup to Tokenize Gems

Diamond Industry Giants Partner With Blockchain Startup to Tokenize Gems

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Please share if you find this article interesting. Diamond Industry Giants Partner With Blockchain Startup to Tokenize Gems Two leading diamond industry players have agreed to work with blockchain startup D1 Mint Limited to tokenize diamonds, according to a May 23 press release shared with Cointelegraph. D1 Mint Limited, the creator of the diamond-backed crypto asset D1 Coin, has signed its first purchase agreement to buy 1,500 investment-grade diamonds, worth $20 mln, from global veteran KGK Diamonds, part of the De Beers group. The raw diamonds were supplied by the largest diamond mining company in the world, Alrosa. Alexei Chekunkov, a member of Alrosa’s Board of Directors, said the company believes that the innovation of blockchain can transform the precious gem industry by m
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US Justice Department Investigates Price Manipulation in Bitcoin Market – Bitcoin News

US Justice Department Investigates Price Manipulation in Bitcoin Market – Bitcoin News

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Please share if you find this article interesting. US Justice Department Investigates Price Manipulation in Bitcoin Market - Bitcoin News Regulation Have you ever felt that someone is controlling the crypto markets, increasing prices to lure you in and crash it all as soon as you buy? Well, US authorities have apparently heard your whining because they are now reportedly suspicious manipulation is indeed occurring. Also Read: Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of Wall Street Spoofing and Wash Trading The US Department of Justice (DOJ) has reportedly launched a criminal investigation to determine if big money traders are manipulating the prices of Bitcoin, Ether and possibly other cryptocurrencies. The illicit trade tactics that the DOJ is looking int
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Crypto vs. RBI: India’s Banking Bitcoin Battle Shows No Sign of Letting Up

Crypto vs. RBI: India’s Banking Bitcoin Battle Shows No Sign of Letting Up

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Please share if you find this article interesting. Crypto vs. RBI: India’s Banking Bitcoin Battle Shows No Sign of Letting Up On April 5, India’s Central Bank, the Reserve Bank of India (RBI) made a big move in the ongoing global regulatory push on cryptocurrencies as it decided to no longer provide services to any person or business that deals with cryptocurrencies. Since then, there has been a battle building up, with the latest skirmish set for July 20 - the Supreme Court of India’s next hearing date for the latest petitions against the bank’s decisions. This decision followed confrontation between banks and Bitcoiners, and also came off the back of the Indian government claiming that “Bitcoin is a ‘ponzi scheme”, and that it lacks intrinsic value. Many commentators felt this
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Singapore Fires Compliance Warning at 8 Crypto Exchanges, Orders an ICO to Halt Sales

Singapore Fires Compliance Warning at 8 Crypto Exchanges, Orders an ICO to Halt Sales

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Please share if you find this article interesting. Singapore Fires Compliance Warning at 8 Crypto Exchanges, Orders an ICO to Halt Sales Singapore’s central bank said today, May 24, that it had issued a warning to eight cryptocurrency exchanges over securities compliance and ordered an ICO to stop issuing tokens. In a press release, the Monetary Authority of Singapore (MAS) reiterated operators in the city-state “are responsible for ensuring that they comply with all relevant laws.” The warnings continue the narrative put forward by authorities this year, with Singapore aiming to provide a permissive, yet regulated environment for blockchain and cryptocurrency businesses. “The number of digital token exchanges and digital token offerings in Singapore has been increasing,” MAS’ as
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Top Ethereum Token Protocols Which May Replace ERC20

Top Ethereum Token Protocols Which May Replace ERC20

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Please share if you find this article interesting. Top Ethereum Token Protocols Which May Replace ERC20 Disclaimer: The views expressed here are the author’s own and do not necessarily represent the views of Cointelegraph.com Today, anyone can create a smart contract based on the Ethereum blockchain and release their own tokens. Until recently, the implementation of a particular coin was entirely entrusted to the developer of that coin, and it had rather an experimental nature often accompanied by a number of related problems - including the freezing of investors' funds, hacking of contracts or unpredictable network operation. In this ‘Wild West’ atmosphere, new Ethereum protocols are being created - which are designed to correct the errors of previous versions. Perhaps one of th
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Bitcoin Use Case: Limiting Government Growth – Bitcoin News

Bitcoin Use Case: Limiting Government Growth – Bitcoin News

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Please share if you find this article interesting. Bitcoin Use Case: Limiting Government Growth - Bitcoin News News The Institute for Justice (IJ) bills itself as the national law firm for liberty. IJ works to slow the growth of government in the US in all its forms: economic freedom, education, private property, freedom of speech, not to mention amicus briefs to the Supreme Court. Now bitcoiners can help support IJ’s valuable work, a real world use case, through Bitpay and bitcoin cash (BCH). Also read: Roger Ver and Ryan X. Charles Reveal the Future of Cash Freedom, a Use Case for Bitcoin Cash This year started very well for The Institute for Justice, a national law firm taking the terribly unsexy cases where government encroachment upon average folk goes largely unnoticed
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UN’s Project Services Arm Partners With IOTA to ‘Expedite’ its Mission With Blockchain

UN’s Project Services Arm Partners With IOTA to ‘Expedite’ its Mission With Blockchain

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Please share if you find this article interesting. UN’s Project Services Arm Partners With IOTA to ‘Expedite’ its Mission With Blockchain The United Nations signed a “memorandum of understanding” with blockchain platform IOTA to explore how the technology can increase efficiency, the two parties confirmed May 22. In a press release about the partnership, which features the United Nations Office for Project Services (UNOPS), the organization said the focus was on cutting intermediaries using blockchain. “We share a vision where machines, devices, sensors and people connect and communicate to each other - it's the world of 'Industry 4.0.,’” Yoshiyuki Yamamoto, UNOPS’ Special Advisor on Blockchain Technology explained, continuing: “Harnessing technology that allows for these proces