THE MINISTRY OF FINANCE OF SPAIN WILL CONDUCT AN INSPECTION OF 15 000 TAXPAYERS OWNING CRYPTOCURRENCIES

The Ministry of Finance of Spain will carry out an inspection of 15,000 taxpayers who carried out transactions in the cryptocurrency last year, reported the largest Spanish newspaper El País.

The Spanish tax authorities, with the assistance of the Ministry of Finance, will check the “fiscal coverage of these new technologies, like blockchain, and especially cryptocurrencies” to prevent tax evasion crimes as part of the annual scheduled inspection.

The tax investigation department, which is already investigating the activities of dozens of companies, banks and intermediaries in Spain, has chosen a group of 15,000 taxpayers for a more thorough inspection.

The tax service will check that they have received in the budget the tax on profit from cryptocurrency activities, and review residents for facilitating money laundering.

In April, the tax service of Spain also sent requests to financial companies to provide information on the amounts and participants of transactions with cryptocurrencies. Earlier this fall, the Spanish government approved a preliminary draft of the bill, according to which investors will have to report their cryptocurrency profits to the tax authorities.

The post THE MINISTRY OF FINANCE OF SPAIN WILL CONDUCT AN INSPECTION OF 15 000 TAXPAYERS OWNING CRYPTOCURRENCIES appeared first on Bitcoin News.

from Bitcoin News https://www.cryptocynews.com/ministry-finance-spain-will-conduct-inspection-15-000-taxpayers-owning-cryptocurrencies/
via Bitcoin News
via Bitcoin News Today

BASKETBALL PLAYER KOBE BRYANT WILL PARTICIPATE IN THE NITRON SUMMIT IN SAN FRANCISCO

Kobe Bryant, the NBA National basketball Association superstar who won gold at the Beijing and London Olympics, will act as a guest expert at the NiTRON Summit 2019 in San Francisco, the TRON project reported on November 20^th .

The press release reports that basketball star Kobe Bryan is invited to attend the conference to “share thoughts and experiences and inspire young leaders and entrepreneurs,” as a guest of TRON founder Justin San.

In recent years, the crypto community has been joined by stars from all over the world: even in the last album Eminem mentions Bitcoin, which, in his opinion, has become a mainstream, and earlier this year, Acon, who twice took first place in the Billboard Top 100, launched his own cryptocurrency.

In August, the Brazilian ex-football player Ronaldinho released his own cryptocurrency Ronaldinho Soccer Coin or RSC, in September, the French football club Paris Saint-Germain also announced the launch of its own cryptocurrency, and the American baseball club Los Angeles Dodgers promised to give fans convertible into ETH name tokens of their star players.

Former football player Michael Owen and former Boxing champion Manny Pacquiao have joined the Singapore-based GCOX platform, which creates cryptocurrencies for stars so fans can spend it on exclusive content.

The post BASKETBALL PLAYER KOBE BRYANT WILL PARTICIPATE IN THE NITRON SUMMIT IN SAN FRANCISCO appeared first on Bitcoin News.

from Bitcoin News https://www.cryptocynews.com/basketball-player-kobe-bryant-will-participate-nitron-summit-san-francisco/
via Bitcoin News
via Bitcoin News Today

SEC: PARAGON AND AIRBOX MUST RETURN THE MONEY TO INVESTORS AND PAY $ 250,000 EACH

The US Securities and Stock Market Commission repeated its warning to ICO projects and reported on measures against Paragon and AirFox companies.

In an official statement, the SEC expressed its intention to maintain a balance between tolerance and enforcement of “generally accepted ” rules, confirming legal steps against the two ICO operators, which together raised $ 27 million in 2017.

“We would like to emphasize… that market participants should continue to adhere to our generally accepted and deferred Federal system of securities laws when developing technological innovations, regardless of whether securities are issued in the form of certificates or using new technologies like blockchain.”

In February, a lawsuit was filed in the US against the startup Paragon. The company AirFox also came under regulation.

According to the decision of the SEC, both companies will have to return millions of dollars collected during the ICO to investors, as well as pay a fine of 250,000 dollars.

Also in the official statement of the regulator, the EtherDelta project is mentioned, and earlier this month the Coburn project also agreed to pay a fine of 388,000 dollars, despite not recognizing its responsibility for the creation of an “unregistered securities exchange”. The Commission on securities of the USA strongly recommends that the ICO projects to seek advice before starting projects.

The post SEC: PARAGON AND AIRBOX MUST RETURN THE MONEY TO INVESTORS AND PAY $ 250,000 EACH appeared first on Bitcoin News.

from Bitcoin News https://www.cryptocynews.com/sec-paragon-airbox-must-return-money-investors-pay-250000/
via Bitcoin News
via Bitcoin News Today

CRYPTO-APOCALYPSE: THE LOSS OF $20 BILLION CAUSED THE COLLAPSE OF THE CRYPTOCURRENCY MARKET

More than $20 billion has been withdrawn from the crypto industry in the last 24 hours; the digital asset Market has gone into free fall, and with each new hour continues to set new low records this year.

Yesterday’s collapse of the market continues to lower the price of the cryptocurrency below minimum annual levels of support. The total market capitalization of digital currencies returned to the values of August 2017, depriving crypto-enthusiasts of hope for the restoration of coin rates by the end of this year.

Bitcoin’s value has fallen by more than 14% in the last 24 hours, setting a new low around $4485 for the first time since October 2017. The only difference between the current situation and the one in October last year is that at the moment the market is in the power of bears, not bulls.

Total market capitalization also plunged into dangerously low levels, adding up to $ 152 billion, and losing more than $20 billion per day.

The post CRYPTO-APOCALYPSE: THE LOSS OF $20 BILLION CAUSED THE COLLAPSE OF THE CRYPTOCURRENCY MARKET appeared first on Bitcoin News.

from Bitcoin News https://www.cryptocynews.com/crypto-apocalypse-loss-20-billion-caused-collapse-cryptocurrency-market/
via Bitcoin News
via Bitcoin News Today

BITCOIN CONTINUES TO FALL

On Tuesday, November 20^th , the bitcoin price continues to fall. At 09: 20 GMT the first cryptocurrency costs $4676,43 (-14,61%).

Live trading at $140,84 (-14,88%). Ripple fell 0.31% to $0.483.

A day ago, the price of bitcoin exceeded $ 5500. Analysts still put forward different versions of the market decline. So, the main negative factor was the hard fork of Bitcoin Cash, held last week. Despite the fact that everything was successful, the split of the cryptocurrency into two blockchains — Bitcoin ABC and Bitcoin SV, destabilized the market. Investors have taken a wait-and-see position, so in the absence of demand for digital assets, they continue to fall in price.

The trading price of Bitcoin as of this writing is seated wearily at $4632.82, sadly, this was more than twice the token’s worth, which was bubbling at $14112.20 on the very first day of January 2018. Trading places with the $5,000 mark, the $4,000 level has now become the newest Bitcoin all-time low for the year.

Earlier, Thomas Lee , co-founder of Fundstrat Global Advisors, lowered his forecast for the bitcoin price at the end of the year from $25,000 to $15,000, which is still much higher than the value of the cryptocurrency at the moment.

The post BITCOIN CONTINUES TO FALL appeared first on Bitcoin News.

from Bitcoin News https://www.cryptocynews.com/bitcoin-continues-fall/
via Bitcoin News
via Bitcoin News Today

COLUMBIA UNIVERSITY AND IBM LAUNCHED 2 ACCELERATORS FOR BLOCKCHAIN STARTUPS

Columbia University and IBM announced two accelerator programs designed to help blockchain startups scale, IBM said in a press release on November 19.

Both programs will work on the basis of the new IBM innovation center opened in July in the Manhattan campus of Columbia University, which was created to improve the quality of development of decentralized applications and the formation of educational blockchain programs.

According to the press release, each program will support 10 startups, offering them a network of business mentors, technology support, access to the University’s talents and support of the “research community”, as well as IBM cloud resources.

The purpose of the programs is to help the network of creators to translate ideas into a “sustainable and scalable” blockchain business that will promote “meaningful blockchain application and increase efficiency in different industries.”

The first eight-week Columbia Blockchain Launch Accelerator program is aimed at startups at the idea stage, and the second IBM Blockchain Accelerator is designed to help participants at later stages. Each startup of the two programs will have access to technologies and services for $ 400,000, according to the creators of the program.

This semester, New York University (NYU) announced itself as the first US University to offer students cryptocurrency and blockchain education, and the University of Malta has allocated 300,000 euros for scholarships to students studying blockchain.

Meanwhile, Hong Kong University received $ 20 million for research on electronic payments and blockchain technologies, and Yale University became a full-fledged participant in the cryptocurrency market, having financed the Paradigm Fund specializing in digital asset management.

The post COLUMBIA UNIVERSITY AND IBM LAUNCHED 2 ACCELERATORS FOR BLOCKCHAIN STARTUPS appeared first on Bitcoin News.

from Bitcoin News https://www.cryptocynews.com/columbia-university-ibm-launched-2-accelerators-blockchain-startups/
via Bitcoin News
via Bitcoin News Today

CATALONIA CAN APPLY BLOCKCHAIN IN THE ELECTRONIC VOTING SYSTEM

The government of Catalonia is considering the use of blockchain technologies in the electronic voting system, the local newspaper Vanguardia reported on November 19^th .

In October, the Generalitat de Catalunya, the highest self-government body of the Autonomous community of Catalonia, approved a preliminary bill on the establishment of an electronic voting system for residents abroad. Ismael Peña-Lopez of the Catalan government said that the electronic voting system will be applicable to the entire electorate and will be available by 2020.

According to Peña-Lopez, who is also Professor of law and political science at the Open University of Catalonia (UOC), despite the fact that the Generalitat has not yet made a final decision, the use of distributed registry technology in the electronic voting system is likely.

Earlier, in July, the Catalan government announced plans to introduce blockchain into administrative processes to improve “digital services for the public”, and about a year ago, Catalonia also planned to create a digital currency and e-residency program.

In October of this year, the Spanish news agency El Confidencial reported that the former President of Catalonia, Carles Puigdemont requested financial support in cryptocurrencies. According to the publication El Mundo, he used bitcoins to finance initiatives to promote the independence of Catalonia.

Recall that this summer in the Swiss crypto-valley in the city of Zug, the first municipal voting on the blockchain was held, and the blockchain voting system was tested in the Japanese city of Tsukuba. In August, the state of West Virginia tested the blockchain application for mobile voting and offered to use it in the next elections.

The post CATALONIA CAN APPLY BLOCKCHAIN IN THE ELECTRONIC VOTING SYSTEM appeared first on Bitcoin News.

from Bitcoin News https://www.cryptocynews.com/catalonia-can-apply-blockchain-electronic-voting-system/
via Bitcoin News
via Bitcoin News Today