30% tax on crypto is not enough
Despite the fact that India already has two taxes - 30% on profits and 1% on all operations with cryptocurrencies - the local government is still short of money.
Member of Parliament Sushil Kumar Modi thinks the rate should be raised to 50% and an additional 28% tax on goods and services, which will have to be paid by providers of trading services. He stated:
"The authorities have made it clear to people that cryptocurrency trading is a game of chance like lottery, casino and horse racing. These types of activities are subject to very high taxes."
Obviously, such laws will force local crypto companies and traders to either cease operations or leave the country.
Perhaps that’s the reason for such high tax rates (besides money)\. The Indian government has repeatedly stated that cryptocurrencies can disrupt the stability of the local financial system.
Despite the fact that India already has two taxes - 30% on profits and 1% on all operations with cryptocurrencies - the local government is still short of money.
Member of Parliament Sushil Kumar Modi thinks the rate should be raised to 50% and an additional 28% tax on goods and services, which will have to be paid by providers of trading services. He stated:
"The authorities have made it clear to people that cryptocurrency trading is a game of chance like lottery, casino and horse racing. These types of activities are subject to very high taxes."
Obviously, such laws will force local crypto companies and traders to either cease operations or leave the country.
Perhaps that’s the reason for such high tax rates (besides money)\. The Indian government has repeatedly stated that cryptocurrencies can disrupt the stability of the local financial system.
Jack Dorsey's NFT first tweet sells for $48 million
The current owner of the token has apparently made the most of the opportunities this purchase offers and has decided to share the incredible experience with the next lucky winner.
For only $48 million.
While this nft was purchased for $2.9 million.
That's a pretty good markup. If the token is bought for that kind of money, it will be one of the top 10 most expensive.
No willing buyers yet 🙈
Interestingly, last year Jack Dorsey gave all the profits from the initial sale of NFT to the charity GiveDirectly. He urged the new owner of the token to do the same - to give at least 99% of the proceeds, but so far he agrees to give only 50%.
The current owner of the token has apparently made the most of the opportunities this purchase offers and has decided to share the incredible experience with the next lucky winner.
For only $48 million.
While this nft was purchased for $2.9 million.
That's a pretty good markup. If the token is bought for that kind of money, it will be one of the top 10 most expensive.
No willing buyers yet 🙈
Interestingly, last year Jack Dorsey gave all the profits from the initial sale of NFT to the charity GiveDirectly. He urged the new owner of the token to do the same - to give at least 99% of the proceeds, but so far he agrees to give only 50%.
🇭🇳 Bitcoin became legal tender in the special economic zone of Honduras, located on the island of Roatan. Apart from cryptopayments within the jurisdiction, the new law will allow issuing Bitcoin bonds.
The media had previously claimed that Honduras could declare Bitcoin a legal tender as soon as possible, but the country's central bank denied the rumors.
That's right, you need to test it first, and then implement it...in a few months
The media had previously claimed that Honduras could declare Bitcoin a legal tender as soon as possible, but the country's central bank denied the rumors.
That's right, you need to test it first, and then implement it...in a few months
Canaan unveiled new bitcoin miner
Mining equipment manufacturer Canaan presented its Avalon 1266 model at a conference in Miami.
The mining power and efficiency of the new model puts it between the competing Bitmain S19 and S19 Pro machines.
The Avalon 1266 will have a mining capacity of 100 terahashes per second (TH/s) and an energy efficiency of 35 joules per terahash (J/T).
Canaan Vice President Edward Lu said the value of the new mining machine lies in its durability.
"If you buy our machines, you can use them for a lifetime...You don't have to change your machine or replace it every year."
Prices for the new asic have not yet been disclosed.
Mining equipment manufacturer Canaan presented its Avalon 1266 model at a conference in Miami.
The mining power and efficiency of the new model puts it between the competing Bitmain S19 and S19 Pro machines.
The Avalon 1266 will have a mining capacity of 100 terahashes per second (TH/s) and an energy efficiency of 35 joules per terahash (J/T).
Canaan Vice President Edward Lu said the value of the new mining machine lies in its durability.
"If you buy our machines, you can use them for a lifetime...You don't have to change your machine or replace it every year."
Prices for the new asic have not yet been disclosed.
What's going on in the crypto wallet? Maybe there were any transactions? Have there been any unauthorized operations? And what is the balance? 🤔
From time to time, every crypto enthusiast asks himself such questions. And every time you have to log in to your wallet or browser. With this infobot, such a need disappears, getting the necessary information instantly into your Telegram. 😲
Info - bot assistant will keep you informed of the movement of funds in your wallet. 😉
Go ahead and start using absolutely free @Balance_Crypto_Bot
From time to time, every crypto enthusiast asks himself such questions. And every time you have to log in to your wallet or browser. With this infobot, such a need disappears, getting the necessary information instantly into your Telegram. 😲
Info - bot assistant will keep you informed of the movement of funds in your wallet. 😉
Go ahead and start using absolutely free @Balance_Crypto_Bot
🇭🇳 Bitcoin became legal tender in the special economic zone of Honduras, located on the island of Roatan. Apart from cryptopayments within the jurisdiction, the new law will allow issuing Bitcoin bonds.
The media had previously claimed that Honduras could declare Bitcoin a legal tender as soon as possible, but the country's central bank denied the rumors.
That's right, you need to test it first, and then implement it...in a few months
The media had previously claimed that Honduras could declare Bitcoin a legal tender as soon as possible, but the country's central bank denied the rumors.
That's right, you need to test it first, and then implement it...in a few months
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Why KuCoin?
Launched in September 2017, KuCoin is now a top five global cryptocurrency exchange for over 600 crypto gems. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 10 million users in 207 countries and regions around the world.
>>Click to Sign up to Kucoin
Canaan unveiled new bitcoin miner
Mining equipment manufacturer Canaan presented its Avalon 1266 model at a conference in Miami.
The mining power and efficiency of the new model puts it between the competing Bitmain S19 and S19 Pro machines.
The Avalon 1266 will have a mining capacity of 100 terahashes per second (TH/s) and an energy efficiency of 35 joules per terahash (J/T).
Canaan Vice President Edward Lu said the value of the new mining machine lies in its durability.
"If you buy our machines, you can use them for a lifetime...You don't have to change your machine or replace it every year."
Prices for the new asic have not yet been disclosed.
Mining equipment manufacturer Canaan presented its Avalon 1266 model at a conference in Miami.
The mining power and efficiency of the new model puts it between the competing Bitmain S19 and S19 Pro machines.
The Avalon 1266 will have a mining capacity of 100 terahashes per second (TH/s) and an energy efficiency of 35 joules per terahash (J/T).
Canaan Vice President Edward Lu said the value of the new mining machine lies in its durability.
"If you buy our machines, you can use them for a lifetime...You don't have to change your machine or replace it every year."
Prices for the new asic have not yet been disclosed.
Jewelry for NFT lovers from Tiffany & Co.
The jewelry company repeated the token number 3167 in rose gold and sapphires.
This kind of NFT definitely isn’t scam 😂
The jewelry company repeated the token number 3167 in rose gold and sapphires.
This kind of NFT definitely isn’t scam 😂
Elon Musk proposed to add Twitter Blue subscription payment to DOGE
The billionaire, who recently acquired a 9.2% stake in the social network and became a board member, wants to give users the ability to pay for Twitter Blue's premium service in Dogecoin.
He also wants to lower prices for some regions and remove all advertising for subscribers.
Musk wrote:
"Yes, the fee should be proportionate to affordability and in local currency. Maybe even an option to pay in Doge?"
Although the initiative was received with great enthusiasm by the community, there has been no official comment from Twitter representatives yet.
The billionaire, who recently acquired a 9.2% stake in the social network and became a board member, wants to give users the ability to pay for Twitter Blue's premium service in Dogecoin.
He also wants to lower prices for some regions and remove all advertising for subscribers.
Musk wrote:
"Yes, the fee should be proportionate to affordability and in local currency. Maybe even an option to pay in Doge?"
Although the initiative was received with great enthusiasm by the community, there has been no official comment from Twitter representatives yet.
UFC will integrate bonus payments to fighters in cryptocurrency
Bonuses will be given to the top three fighters at each UFC tournament as a result of viewer voting. The favorites will share $60,000 in BTC through the Crypto․com exchange. The initiative will take place under a ten-year sponsorship agreement with the crypto platform.
The innovation does not cancel the payment of more traditional cash bonuses for the best fight of the evening and individual performance.
Bonuses will be given to the top three fighters at each UFC tournament as a result of viewer voting. The favorites will share $60,000 in BTC through the Crypto․com exchange. The initiative will take place under a ten-year sponsorship agreement with the crypto platform.
The innovation does not cancel the payment of more traditional cash bonuses for the best fight of the evening and individual performance.