Taxes • February 7, 2024 4:47 AM EST Posted 1 minute ago In ~ Thailand has expanded its value-added tax exemption for cryptocurrency transactions to develop into a digital asset hub, local media reported.bangkok post reported The Treasury on Wednesday relaxed the rules by suspending the requirement to pay 7% value-added tax on profits from cryptocurrency trading. According to the report, the duty-free period took effect from January 1, 2024, with no expiration date. The VAT exemption for cryptocurrency transactions also applies to brokers and dealers regulated by the Securities and Exchange Commission. The Treasury Department did not immediately respond…
Author: Crypto Flexs
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XRP price is struggling to clear the resistance of $0.520. If the price closes below the $0.4850 support, the price may gain bearish momentum. XRP is showing bearish signals below the $0.520 and $0.508 resistance levels. The price is currently trading below $0.520 and the 100 simple moving average (4-hours). There is a bearish trendline tying together with resistance near $0.5120 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair now faces further downside risk below the $0.5000 support. XRP price faces many obstacles. Over the past few days, the price of XRP has been…
Chainwire, New York, USA, February 6, 2024 Frax Finance is one of the first companies to adopt codeless interchain tokens. Axelar Network’s Interchain Token Service (ITS) is now live on mainnet and permissionless, allowing any ERC-20 token issuer to create interchain tokens with the click of a button. Interchain tokens can move freely to any EVM-compatible blockchain of the issuer’s choice (currently up to 15), maintaining full fungibility and customization of the underlying asset. Smart contracts and developer toolset automate cross-chain deployment and supply management functions to minimize developer overhead. Major projects already adopting interchain token services include Frax Finance,…
Fifteen years ago, Bitcoin was an obscure digital token known around the world today that has come to play a significant role in the world of finance and become a story of innovation, speculation and evolution. As Bitcoin’s influence has grown over the past 15 years, it has become important to understand its relationship to traditional currencies, especially the United States Dollar (USD), especially in terms of valuation.This article provides a historical perspective on the Bitcoin price over the past 15 years and looks at how this relationship has developed and what it means for cryptocurrency investors.Birth of BitcoinBitcoin was…
MicroStrategy, the world’s leading corporate Bitcoin holder, increased its holdings to 31,755 Bitcoin in the fourth quarter of 2023, reaching 190,000 BTC despite declining revenues. This move highlights the strategic shift towards digital assets amidst volatility in the technological and financial environment. MicroStrategy Incorporated, a giant in the business intelligence space and the largest Bitcoin holder, has revealed its financial results for the fourth quarter of 2023, a period marked by ambitious digital asset acquisitions and subtle changes to its revenue structure. Despite the year-over-year revenue decline, the company’s strategic strategy in the cryptocurrency space highlights the broader industry trend…
join us telegram A channel to stay up to date on breaking news coverage Ethereum Classic price prediction shows that ETC is likely to head towards the upper boundary of the channel after a quick retracement. Ethereum Classic (ETC): Exploring Upside Potential Looking ahead to a potential Ethereum ETF in May 2024, Ethereum Classic (ETC) emerges as an attractive choice due to the potential for significant price movement. With a smaller market capitalization compared to Ethereum (ETH), Ethereum Classic (ETC) offers greater profit potential. The current price of around $24.56 suggests the possibility of a continuation of the upward trend,…
If you want to make money with cryptocurrency, you’ve probably heard of BurstCoin. BurstCoin is a unique cryptocurrency that allows users to mine using hard drive space instead of expensive and energy-intensive GPUs. This provides a more accessible and sustainable option for those looking to get involved in cryptocurrency mining. In this article, we’ll reveal the secret to making money with BurstCoin and show you how to start mining today. Understanding BurstCoin Mining BurstCoin uses Proof-of-Capacity (PoC) algorithm for its mining process. This means that BurstCoin miners use hard drive space to store pre-generated data sets, rather than using CPU…
Friends, From our team to you and yours, we hope everyone and their families are well and keeping safe during these complicated weeks. To help pass some time while we’re all stuck in doors, it’s time again to update the community on progress made by some of the EF-supported projects not covered in last week’s ESP Allocation Update. While the last Winter edition in this series was posted only a few months ago, we’ve all come a long way since the launch of the Istanbul network upgrade, and many teams have news to share. As always, these updates focus on…
Posted 1 minute ago In ~ A U.S. bankruptcy court approved a settlement Tuesday between cryptocurrency lending company BlockFi and collapsed cryptocurrency hedge fund Three Arrows Capital, with details of the settlement being kept private.The grant effectively resolves the counterclaim. “It’s counterintuitive to require disclosure of settlement details,” said Judge Kaplan of the New Jersey Bankruptcy Court. Tuesday hearing. On Monday, the U.S. Trustee requested The judge released the details, arguing that the debtor did not have sufficient justification for withholding such information. BlockFi contaminated In January, there was a motion to seal the information, saying it contained “sensitive, non-public”…
Weiss Casino is a new online gambling site that lets you play slots, table games, and more for real money or free. Weiss Casino has some great features that make them worth checking out. They have are licensed which means they take safety and rules seriously. There’s a decent number of games from solid game developers. And they support payments in both cryptocurrency and regular money. In this review, we will look at the key things you need to know about Weiss Casino to see if you want to sign up. We will cover their game selection, bonuses and promotions,…