Category: Cryptocurrency News

I will make this relevant to ETH, just bear with me for a minute, please. Have you recently seen those heinous YouTube videos with the message, "Send us all of the ADA in your wallet, and for a limited time, we will double what you send us?" You know this one, right? I was reading…
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Just a work of caution folks. The people behind Bitglobal and Bithumb Global for super shady and their customer service will straight up ignore you. Do not use their service and if you do move to another provider before you have issues. Context: I contacted Bitglobals / Bithumbs customer service with an issue I had…
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Coinbase’s global tax VP has condemned Congress’s controversial decision to introduce crypto tax provisions into the infrastructural bill. They warned that this bill might impact 20% of the U.S population, which is like 60 million Americans. The VP of tax leveraged the rushed crypto provisions added to Congress’s bipartisan infrastructure bill. Lawrence Zlatkin slammed lawmakers at the last minute for hastily including amendments that can affect 60 million Americans. Coinbase Global is an American company that operates a cryptocurrency exchange platform. It’s among the popular online brokers globally and currently supports traders from over 30 countries. Coinbase operates remote-first and lacks an official physical headquarters. Related Reading | SushiSwap Narrowly Escaped A $350 Million DeFi Hack, Here’s How A blog post made on August 21 aimed at the Bloomberg editorial article of August 19. The post also commended the crypto provisions for infrastructural bills. However, Coinbase’s Global VP of tax, Zlatkin, also criticized no provision for public consultation regarding the legislation. He also estimated that about 20% of U.S. residents are into digital asset investment.  “About 60 million Americans own crypto today and this makes almost one-fifth of the total U.S. population. The entire populace including those Americans merits more discourse than midnight offers implemented at the dying minute.” Coinbase Officials Claim Bill Is Unfavorable For The Crypto-Community Lawrence Zlatkin accounts that resentment over the bill’s content extends beyond the scope of the crypto space. The massive public outcry estimates that nearly 80 thousand people had contacted senators in just some days. The Coinbase global executive highlighted the general definition of a crypto-asset broker as contained in the bill. This may inflict a strict requirement on the reporting process for software developers and network validators. As a result, these officials may be unable to meet their roles as contained in the bill with the new requirement. So far bill mandates the software developers, stakers, and miners to do the impracticable, then they are bound to comply. No practicing lawyer will support them to operate in violation of these laws and risk the penalty for not complying. The penalty for non-compliance that can easily render them bankrupt’ Coinbase executive said and added; “This development will greatly affect innovation and restrain the emergence of important technology at the early stage of development. Tax policy is supposed to be deliberate and thoughtful, broad overreach is simply a regulatory error.’” Lawrence Zlatkin also states that digital assets brokers should adopt a similar third-party reporting process as mainstream brokers. Related Reading | Uniswap Community Reacts Against The New Proposal, Here is Why The infrastructure bill was issued to the Senate early this month. The populace hopes that there would be amendment opportunities on the legislation as the House plans to scrutinize it in a few months. Featured image from Pixabay

Bitcoin is “back in bull market territory” but traders warn that a retest of underlying support levels is bound to occur soon.

submitted by /u/the-lifestyle [link] [comments]

Even good decisions have little return. If I was "ten time wealthier" this measly $17 profit (DOT) could be $170, and buy me a month's worth of food. I am only hoping that I will not be too late when I finally find a decent job somewhere. I was not able to post an image-only…
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The exchange hinted of legal action against “FUD-peddlers and individuals with malicious intent” threatening its business interests.