Posts

Showing posts with the label china news

Asia's weekly TOP10 crypto news (Oct 9 to Oct 15)

Image
Author:0xMingyue Editor:Colin Wu 1. Israel’s War Spurs Crypto Companies like Fireblocks and MarketAcross to Launch Aid Funds link On October 10th, Israel’s crypto and web3 community announced the establishment of the “Crypto Aid Israel” relief fund to raise funds for Israeli citizens who have been displaced and require humanitarian aid due to the conflict with Hamas. This organization will host a multisignature wallet jointly controlled by multiple parties to collect donations denominated in various cryptocurrencies, including BTC, ETH, USDT, and USDC. As of now, the alliance’s members include Fireblocks, MarketAcross, Collider Ventures, CryptoJungle, and the Israel Blockchain Association, with crypto custody platform Fireblocks responsible for managing these assets. 2. Hamas-Related Wallets Once Received Around $41 Million in Cryptocurrency link On October 11th, according to The Wall Street Journal, the Israeli government’s seizure orders and blockchain Analysis reports indicate that...

Emerging Explorations: NFTFI Derivatives Track and Project Inventory

Image
Author: @0xMavWisdom With the long-awaited definitive launch of the BLUR Token approaching, the early announcement of the launch of the BLUR Token by major exchanges as a warm-up and a more relaxed external market environment driving the inflow of funds into the NFT market, the past month has seen a long-awaited rebound in NFT market trading volume and a renewed activity in NFTFI, with the NFT marketplaces with real returns and lending platforms have seen a significant rise in Token. However, prosperity comes with worries, some investors believe that the competition in the marketplace is far from over. After the launch of Token, Blur will certainly adjust the zero-fee model to achieve Token value capture, then it is likely that there will be new imitators on Blur’s way to divide the NFT marketplace share, then the market will face a continuous increase in the state of the involution. The main contribution to the NFT marketplace comes from the blue chip NFT listing order trading that is...

Research: Suggestions for Taxing Bitcoin Miners and Cryptocurrencies

Image
The author is from Xiamen National Accounting Institute (a research institute under the Chinese Ministry of Finance) Original link: https://mp.weixin.qq.com/s/y7agoPj-57Av9g1gh-9fSQ On January 3, 2009, the first Bitcoin was born, which was also the creation of the currency from the era of credit currency to the era of decentralized currency. The taxation of Bitcoin in various countries is compared, in order to learn from China’s taxation method on cryptocurrencies such as Bitcoin. Taxation practices of various countries for Bitcoin USA In 2014, the US Internal Revenue Service officially launched the taxation of Bitcoin. The U.S. Digital Cryptocurrency Tax Announcement (IRS Notice 2014–21) first stipulates that the tax link includes the sale of crypto currencies , the purchase of goods, services and holding, and then specifies the corresponding specific tax obligations according to the tax link. In the bitcoin issuance process, that is, “mining” to obtain income, the fair value on the d...