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1 Confirmation with Jeff and Dave – Episode 8 – Peeps Democracy

1 Confirmation with Jeff and Phil

In this episode we cover the democratization of Cryptocurrency. Can it be used to fix everything from potholes to getting jobs? What about using it with Black Lives Matter and traditional politics? Is bitcoin more stable than fiat currencies? All this and more in today’s episode as we talk with Bill and Joshua with Peeps

Read MoreRead More. The post by 1 Confirmation with Jeff and Emilio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Microstrategy Holds 3 Times More Bitcoin Than Crypto Fund Galaxy Digital

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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Source: https://cryptobriefing.com/microstrategy-more-bitcoin-crypto-fund/

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Stellar Wants to Transform the Agric Sector Using Real-live Farming Models

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Blockchain technology is gradually taking top priority in several industries, including agriculture. There are now hundreds of startups setting up a proof of concept project. Task, a mobile-first software services provider, recently launched software that uses blockchain to remit payments across borders.

Although it was a trial project, it shows that the Stellar blockchain has the capability of driving sustainability in real-life farming models.

Stellar is an open-source decentralized technology that is utilized to connect banks, payment systems, and people. The platform was designed to facilitate secure, low-cost, and fast cross-border transactions.

Driving sustainability in the Agric sector

It was founded by Joyce Kim and former Ripple co-founder Jed McCaleb in 2014, and supported by the non-profit Stellar Development Foundation.

On the other hand, Task enables users to create initiatives on the platform and set credits like stablecoins on the project’s wallet. After the initiative, the program manager will now establish the activities that will track.

colorado-agriculture-blockchain

The tracking includes requiring certain documents or images to show that a particular task has been complete. After the remote ream finishes the assigned task and submits the proof of concept, the tTask portal immediately credits their wallets.

To carry out the trial project, a U.K.-based program manager who has farming communities in Thailand was invited by Task. The trial project was developed on the Stellar blockchain, which allows remittance of the funds at a significantly improved speed of fewer than 5 seconds and very low fees of $0.00002.

While speaking about the choice of the company on Stellar, Task founder and chief executive officer Steve Walker stated that one of the reasons for choosing the Stellar technology was the platform’s focus on low-cost cross-border payments. Generally, Stellar is set up to make fiat money more accessible and useful.

Transformation of the Agric sector using Stellar

And with Task payments done via stablecoins, it can suppress the volatile nature of crypto coins. As it stands, the Task platform offers support for BRLT stablecoins, Circle Internet Financial’s USDC token, as well as AnchorUSD’s USDX token.

During the trial project, Task enabled the administrator to set up an initiative to incentivize Biochar production. The company offered support for local dialects, which enable less-tech savvy farmers to have smooth interaction with the platform.

After producing the Biochar, the farmer can easily upload the document and images as evidence on the Task platform. After the platform has received the evidence, payment is released by the administrator. The system is a simple one that intends to carry all farmers along.

Source: https://insidebitcoins.com/news/stellar-wants-to-transform-the-agric-sector-using-real-live-farming-models

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India Plans to Tax Income From Bitcoin Investments: Report

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India-based investors may soon have to pay taxes on returns earned from bitcoin investments.

The country’s income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter said, according to The Economic Times (ET), a business-focused daily newspaper. 

The tax department collected information about bitcoin trades executed through banking channels before the Reserve Bank of India’s (the country’s central bank) crypto ban took effect in April 2018. The Supreme Court overturned the ban in early March, bringing cheer to both investors and local cryptocurrency exchanges. 

“The tax authority can also monitor earnings of cryptocurrency investors registered through KYC/AML compliant exchanges like CoinDCX and through national identity documents such as the PAN card,” Sumit Gupta, CEO of Mumbai-based cryptocurrency exchange CoinDCX, told CoinDesk. 

Some experts are anticipating a 30% tax on cryptocurrency gains, and many are advising their clients to file bitcoin returns as capital gains, which are associated with stocks, according to the article. 

Amit Maheshwari, a partner at tax and consulting firm AMK Global, told the newspaper that bitcoin’s active trading would be treated as a speculative business and attract normal tax rates. In contrast, authorities may treat one-off or infrequent transactions as capital gains, long-term or short-term, depending on the holding period, and levy a concessional rate of capital gains. 

The tax authority has not yet categorized returns from cryptocurrencies under any specific bracket. “Currently, if an investor submits his Income Tax declaration, the amount of earnings generated by investing in cryptocurrencies is highlighted under Income from Other Sources,’” Gupta told CoinDesk. 

The clarity on the tax and regulation front may bring more investor participation. While the Indian government does not consider bitcoin legal tender, holding cryptocurrencies is not necessarily illegal or banned. 
Back in September, the government was reportedly mulling a new law prohibiting cryptocurrency trading. However, according to a think tank, the government would be better off legitimizing bitcoin by regulating it like corporate stock.

Source: https://www.coindesk.com/india-plans-to-tax-income-from-bitcoin-investments-report

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