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Tag: Technology

US IRS to Refund Taxes on Staked Tezos to Tennessee Couple


The United States Internal Revenue Service (IRS) is set to refund a Nashville, Tennessee couple, Joshua and Jessica Jarrett the sum of $3,293 being tax payment on 8,876 Tezos (XTZ) coins earned as staking reward by the duo. (Read More)

DROPP LAND Introduces a Geo-location Enabled NFT Platform and Metaverse

[PRESS RELEASE – Panama, Panama City, 3rd February 2022] DROPP, an NFT-based project, is developing geo-location technology that will bring the metaverse to the real world. The platform adds a new dimension to the virtual world, allowing users to interact with simulated 3D objects/environments in the real world. DROPP offers users an interactive platform where […]

Top 10 AI and Data Science Trends in 2022

This article was published as a part of the Data Science Blogathon. In this article, we shall discuss the upcoming innovations in the field of artificial intelligence, big data, machine learning and overall, Data Science Trends in 2022. Times change, technology improves and our lives get better. Deep learning, natural language processing, and computer vision are examples […]

The post Top 10 AI and Data Science Trends in 2022 appeared first on Analytics Vidhya.

How to earn interest on Stablecoins?

Earning interest on stablecoins is a relatively new feature that most cryptocurrency lending platforms have just begun to offer. However, the mechanics involved are different for every Cryptocurrency borrowing and lending platform. Usually, most crypto lending and borrowing platforms began by offering channels for users to deposit collaterals in exchange for crypto loans. Most of ... Read more

The post How to earn interest on Stablecoins? first appeared on Blog.

LABEL Foundation Looks to Revolutionise the Entertainment Industry in the Era of Web 3.0

PRESS RELEASE. As the first month of 2022 draws to a close, many would agree that NFTs became a brand new way of ownership of an asset on the internet space. As groundbreaking a year for NFTs as 2021 was however, it does beg the question as to what the future of this sector will […]

Coachella and FTX.US Team Up to Issue NFT Tickets

Coachella is back, and Coachelle tickets are back in NFTs. In the latest announcement, Coachella and FTX.US have formed a strategic collaboration to release NFTs backed by Solana blockchain. Under this partnership, the music organization will release NFTs under the digital non-fungible assets. After 2 years of cancellation due to the pandemic, Coachella Valley Music [...]

The post Coachella and FTX.US Team Up to Issue NFT Tickets appeared first on Blockonomi.

The Much Needed Democratisation of The VC Market.

Brands

VC asset class outperformed all other assets for the past 10 years. Sadly it’s exclusive to a very small group of people.

UK Tax Agency Released New Guidelines Around DeFi

UK Tax Agency Released New Guidelines Around DeFi

Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax agency announced a controversial set of recommendations on Wednesday that could harm Decentralized Finance (DeFi) innovation.  Ian Taylor, executive director of CryptoUK said:  “HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK.” The updated ruling focuses on how digital assets are treated in the UK for DeFi lending and staking, and whether the returns or incentives from these activities are taxed or not. Due to the cutting-edge nature of DeFi, tax specialists were confused about how the existing regulations apply to these services. HMRC stated: “The lending/staking of tokens through DeFi is a constantly evolving area, so it is not possible to set out all the circumstances in which a lender/liquidity provider earns a return from their activities and the nature of that return. Instead, some guiding principles are set out.” “HMRC has updated its guidance on the treatment of crypto and digital assets, specifically for DeFi lending and staking in the UK, significantly altering their classification and treatment.”  According to the guidance, returns from staking and lending DeFi assets will not be treated as ‘interest’, because digital assets aren’t considered currencies in the UK, but rather property for tax reasons.  However, the guidance suggests that in many circumstances, this technique will signal that beneficial ownership of those tokens has been moved to the platform, which could cause tax problems for stakeholders. This would imply that they were sold for tax purposes and would be subject to Capital Gains Tax.  According to Ian Taylor, executive director of CryptoUK, these new regulations will impose an unnecessary burden on crypto investors that is not imposed on stock market investors when lending shares: “HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK, including the Treasury and the FCA.” According to Taylor, the new regulations impose undue reporting obligations for consumers and cause tax compliance complexity because investors have to report hundreds or even thousands of transactions.  “This is out of step with the Government’s stated aim for the UK to be open and attractive as a destination for investment and innovation post Brexit,” he said.  Matt Hancock, the former Secretary of State for Health and Social Care and now a Member of Parliament (MP) in the United Kingdom, encouraged the House of Commons to pass a progressive crypto policy to make England the home of cryptocurrency last week. In November last year, HMRC issued regulations about the imposition of a digital services tax on crypto exchanges operating in the United Kingdom.

The post UK Tax Agency Released New Guidelines Around DeFi appeared first on Cryptoknowmics-Crypto News and Media Platform.

11 Intriguing Roles for Data Scientists in 2022

Data Science is a diverse field with an array of career and job options out there to pursue. The modern economy is dependent on data and data analysis so, naturally, data scientists are in high demand and enjoy good salary and job security prospects. With that in mind, below are 11 intriguing roles for data […]

The post 11 Intriguing Roles for Data Scientists in 2022 appeared first on DATAVERSITY.

Philadelphia is Teaming with CityCoins to Target Urgent Problems in the City

Philadelphia is Teaming with CityCoins to Target Urgent Problems in the City

Philadelphia is on the verge of following in the footsteps of Miami, Austin, and New York City by teaming with CityCoins to build crypto for the city of Brotherly Love. Mayor Jim Kenney of Philadelphia has welcomed the idea, told the government news site Statescoop that his office is ‘excited about the prospect of donations from a CityCoins program to target big problems in the city.’  On January 31, Philly’s Chief Information Officer and apparent Bitcoin (BTC) advocate Mark Wheeler stated that Philly is ready to cooperate with CityCoins. CityCoins is a software application on the Stacks (STX) blockchain that assists local administrations in creating their own coin. All the transactions on Stacks settle on the Bitcoin Network. CityCoins are already being used by New York City and Miami to expand their treasury reserves. Thirty percent of STX tokens mined are transmitted to the city’s wallet, where they are sold for USD and deposited into the city’s treasury.  On February 1, Wheeler said in an interview that the city would start formally assessing CityCoins to ensure that any potential partnership they build together conforms with existing cryptocurrency rules. Wheeler addressed the environmental issue of adopting a program that uses a Proof-of-Work blockchain, such as Bitcoin, as an environmental concern. He emphasized that CityCoins does not require customers to use any additional hardware, which could cause environmental damage. On February 1, he told Statescoop:  “I think we can simply say, This isn’t Bitcoin and it’s not requiring new servers to be set up and it’s not requiring intensive energy use. I think that’s a valid, verifiable statement.” Wheeler stated that the city of Philadelphia would attempt to incorporate blockchain technology into its government. He got the idea for the campaign from the city of Miami. Last August, Miami debuted its MiamiCoin with CityCoins to help the city raise revenue, which Mayor Francis Suarez stated could be used to cover all of the city’s residents’ tax burdens.  Last November, New York City partnered with CityCoins to establish the NYCCoin. NYCCoin miners, like MiamiCoin miners, get paid in STX and BTC for supplying the city with tokens. Austin, Texas, has also partnered with CityCoins, however, mining is yet to begin.

The post Philadelphia is Teaming with CityCoins to Target Urgent Problems in the City appeared first on Cryptoknowmics-Crypto News and Media Platform.

Bitcoin Latinum Announces Pre-listing on One of the World’s Largest Cryptocurrency Exchanges

Palo Alto, CA, Feb 3, 2022 - (ACN Newswire) - Bitcoin Latinum (LTNM), the next generation, insured, asset-backed cryptocurrency poised to revolutionize digital transactions is announcing it has officially been pre-listed on Binance.com for live, up to the minute market research, trading data, and token performance. Binance is one of the world's largest exchanges for buying, selling, and trading cryptocurrencies. It boasts 28.6 million users, with its 2021 exchange volume skyrocketing to $7.7 trillion.

Bitcoin Latinum's profile on Binance can be viewed at: https://www.binance.com/en/price/bitcoin-latinum

Bitcoin Latinum trades publicly on HitBTC ($6.2 billion in daily volume), FMFW.com ($4.5 billion daily volume), Changelly ($2.71 billion in daily volume), Changelly Pro, LBank ($1.1 billion in daily volume), DigiFinex, Hotbit, AAX, and XT.com exchanges under the ticker LTNM. Monsoon Blockchain, Bitcoin Latinum's lead developer, has announced LTNM will also list on Bitmart ($1.6 billion in daily volume), and 10 additional global exchanges by the end of 2022. Bitcoin Latinum can be researched on Binance, CoinBase, Coin Market Cap, and Coin Gecko.

As a cornerstone of Monsoon Blockchain's strategic plans to further the mass adoption of Bitcoin Latinum, the company has been forging global partnerships with corporations and influencers. Bitcoin Latinum recently announced a partnership with A-list music artist Quavo of the world-renowned group Migos, to launch Cyber Yachts NFT's.

For more information about Cyber Yachts, please visit https://cyberyachts.com/

Unico, in partnership with Bitcoin Latinum, launched an NFT marketplace called UnicoNFT that features thousands of digital artworks and will include the new collections of Quavo-branded Cyber Yachts. In addition, OSO ATM will launch 100,000 Bitcoin Latinum ATMs across the United States, and The h.wood Group will accept LTNM across the company's diversified portfolio of upscale nightlife and restaurant venues.

Bitcoin Latinum was built as an open-architecture cryptocurrency technology, capable of handling large transaction volume, cybersecurity, and digital asset management. Based on the Bitcoin ecosystem, Bitcoin Latinum was developed by Monsoon Blockchain Corporation on behalf of the Bitcoin Latinum Foundation. LTNM is a greener, faster, and more secure version of Bitcoin, and is poised to revolutionize digital transactions.

Unlike other crypto assets, LTNM is insured, and backed by real-world and digital assets. Its asset backing is held in a fund model, so that base asset value increases over time. It accelerates this asset-backed funds growth by depositing 80% of the transaction fee back into the asset fund that backs the currency. Thus, the more Bitcoin Latinum is adopted, the faster its asset funds grow, creating a self-inflating currency. This highlights Bitcoin Latinum Foundation's commitment to supporting the growth of a sustainable crypto ecosystem.

For more information about Bitcoin Latinum, please visit https://bitcoinlatinum.com

FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any Bitcoin Latinum offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation or be relied upon as personalized investment advice. Bitcoin Latinum strongly recommends you consult a licensed or registered professional before making any investment decision.

Media contact
Brand: Bitcoin Latinum
Contact: Kai Okada, Director of Communications
E-mail: [email protected]
Website: https://bitcoinlatinum.com/
Address: 2100 Geng Road, Palo Alto, California 94303, USA
Telephone: +1 800-528-0985

SOURCE: Bitcoin Latinum Foundation



Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

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