Cryptocurrencies Archives

No Result

View All Result

No Result

View All Result

No Result

View All Result

ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
$\"\"$
Steve Courtney demonstrates the double-top pattern on the Bitcoin chart. Source: YouTube\/Crypto Crew University<\/figcaption><\/figure>\n","post_title":"Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"beware-of-the-technical-factors-that-can-destroy-bitcoin-in-the-next-5-years-crypto-market-specialist-steve-courtney","to_ping":"","pinged":"","post_modified":"2023-04-10 18:52:01","post_modified_gmt":"2023-04-10 08:52:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7538","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
$\"\"$
Steve Courtney demonstrates the double-top pattern on the Bitcoin chart. Source: YouTube\/Crypto Crew University<\/figcaption><\/figure>\n","post_title":"Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"beware-of-the-technical-factors-that-can-destroy-bitcoin-in-the-next-5-years-crypto-market-specialist-steve-courtney","to_ping":"","pinged":"","post_modified":"2023-04-10 18:52:01","post_modified_gmt":"2023-04-10 08:52:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7538","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Steve has recently appeared<\/a><\/a><\/span> on the Crypto Crew University\u2019s vlog, where he openly discussed his latest findings about Bitcoin. \u201cBitcoin likes to surprise everybody. What I will show you today will destroy your hopes and dreams for the next five years for Bitcoin. You will hate everything I'm about to tell you, but you will respect it because it's based on facts, and it's happened in markets actually two other times,\u201d he stated.
<\/li>
Bitcoin started with a double top that triggered a train reaction, and it took many years to recover, so the question becomes, \u201cCould this really happen with Bitcoin? How long would it last? We want to talk about what it would actually look like if Bitcoin moved sideways for several years,\u201d he added.
<\/li>
Recently Bitcoin price has formed a double-top pattern that never happened before. Steve fears that this double top may turn into a triple top and later form a quadruple top pattern, leading to an ultimate crash.
<\/li>
Bitcoin chart doesn\u2019t provide a clear indication of its upcoming move. The key support levels remain at $17,600 and $15,500.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
$\"\"$
Steve Courtney demonstrates the double-top pattern on the Bitcoin chart. Source: YouTube\/Crypto Crew University<\/figcaption><\/figure>\n","post_title":"Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"beware-of-the-technical-factors-that-can-destroy-bitcoin-in-the-next-5-years-crypto-market-specialist-steve-courtney","to_ping":"","pinged":"","post_modified":"2023-04-10 18:52:01","post_modified_gmt":"2023-04-10 08:52:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7538","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Steve Courtney<\/a>, the CEO, and founder of the Crypto Crew University has recently expressed his woes on the long-term future of Bitcoin. His analysis indicates that Bitcoin is at risk of being destroyed in the next 5 years.<\/p>\n\n\n\n
Steve has recently appeared<\/a><\/a><\/span> on the Crypto Crew University\u2019s vlog, where he openly discussed his latest findings about Bitcoin. \u201cBitcoin likes to surprise everybody. What I will show you today will destroy your hopes and dreams for the next five years for Bitcoin. You will hate everything I'm about to tell you, but you will respect it because it's based on facts, and it's happened in markets actually two other times,\u201d he stated.
<\/li>
Bitcoin started with a double top that triggered a train reaction, and it took many years to recover, so the question becomes, \u201cCould this really happen with Bitcoin? How long would it last? We want to talk about what it would actually look like if Bitcoin moved sideways for several years,\u201d he added.
<\/li>
Recently Bitcoin price has formed a double-top pattern that never happened before. Steve fears that this double top may turn into a triple top and later form a quadruple top pattern, leading to an ultimate crash.
<\/li>
Bitcoin chart doesn\u2019t provide a clear indication of its upcoming move. The key support levels remain at $17,600 and $15,500.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
$\"\"$
Steve Courtney demonstrates the double-top pattern on the Bitcoin chart. Source: YouTube\/Crypto Crew University<\/figcaption><\/figure>\n","post_title":"Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"beware-of-the-technical-factors-that-can-destroy-bitcoin-in-the-next-5-years-crypto-market-specialist-steve-courtney","to_ping":"","pinged":"","post_modified":"2023-04-10 18:52:01","post_modified_gmt":"2023-04-10 08:52:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7538","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7466,"post_author":"7","post_date":"2022-09-29 18:13:14","post_date_gmt":"2022-09-29 08:13:14","post_content":"\n
Russia plans to issue a Central Bank Digital Currency<\/a> (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov provides a remarkable viewpoint in how this cryptocurrency will improve trade settlements in Russia amidst economic sanctions.<\/p>\n\n\n\n
Russia is currently facing harsh economic sanctions imposed by western countries, thus creating financial problems in international settlements. The head of the finance committee in Russia\u2019s lower parliament, Anatoly Aksakov, discusses the need to use cryptocurrency to solve payment issues.<\/li><\/ul>\n\n\n\n
Aksakov said that the next development phase of the digital ruble would be used for mutual settlement with China. He added that the digital direction is vital because financial flows can bypass systems controlled by unfriendly countries. Finally, he asserted that the digital currency settlement system would improve transaction efficiency, thus strengthening security and confidentiality.<\/li><\/ul>\n\n\n\n
Aksakov also described that America\u2019s control over the global financial system would cease as more countries adopt the use of digital currencies. Once Russia fully develops its digital currency system, Russia and China will engage in bilateral digital transactions. On the other side, China has begun using the digital yuan in international settlements.<\/a><\/li><\/ul>\n\n\n\n
With rising economic stagnation due to rising exchange rates, many countries will develop digital currency for their trade settlements. This new technology will make countries, including Russia, less dependent on Western-dominated payment channels such as the SWIFT system. In turn, many Central Bank experts are considering the new technology behind digital coins as they realize countries would deal directly with each other.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Iran Set To Launch Its CBDC, Crypto Rial<\/a><\/p>\n","post_title":"Russia Is Considering Digital Ruble Settlements With China","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russia-is-considering-digital-ruble-settlements-with-china","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/central-bank-digital-currencies-cbdcs\/","post_modified":"2023-04-10 18:52:39","post_modified_gmt":"2023-04-10 08:52:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7466","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7450,"post_author":"7","post_date":"2022-09-28 21:53:22","post_date_gmt":"2022-09-28 11:53:22","post_content":"\n
$\"\"$ <\/figure>\n\n\n\n
Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial and cyber crimes in the crypto industry. This article provides more information.<\/p>\n\n\n\n
Binance launched an industry-first 'Global Law Enforcement Training Program.' The program will connect law enforcement worldwide to seek out malicious actors in the crypto world. Further, the program is designed to assist law enforcement in prosecuting these actors who exploit digital assets<\/li>
This law enforcement training program came into effect due to increased rates of cryptocurrency scams. The exchange platform believes this program will improve working hand-in-hand with law enforcement and regulators across the globe.<\/li>
Binance exchange carried out an extensive workshop<\/a> in the past year to orientate authorities in different countries regarding this program. These countries include Argentina, Brazil, Canada, France, Germany, Israel, Netherlands, Philippines, Sweden, South Korea, and the U.K.<\/li>
Binance reported that its investigation team has responded to over 27,000 law enforcement requests since 2021. In addition, Binance has also worked closely with international regulatory agencies, addressing important compliance issues such as anti-money laundering.<\/li>
The Binance Investigation Team has scored recent victories against crypto crimes. 0n September 3, the CEO of Binance, CZ, revealed that the Investigation team had identified two suspects<\/a> involved in a $265,000 theft from KyberSwap. He further announced<\/a> that Binance is making a resumed effort with the U.S. Department of Justice to return over 100,000 ETH stolen from over 170,000 victims of Centra Tech Fraud.<\/li><\/ul>\n","post_title":"Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-introduces-new-law-enforcement-programs-to-detect-crypto-crimes","to_ping":"","pinged":"","post_modified":"2022-10-03 15:07:02","post_modified_gmt":"2022-10-03 04:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7450","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7439,"post_author":"7","post_date":"2022-09-28 21:16:09","post_date_gmt":"2022-09-28 11:16:09","post_content":"\n
Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September 26, 2022. This red notice results from Do Kwon losing more than $45 billion in investors\u2019 funds.<\/p>\n\n\n\n
Earlier this year, the Terra LUNA ecosystem collapsed<\/a>, losing more than $45 billion in investors\u2019 funds. The crash affected the crypto market, with other financial markets feeling the effects of Terra\u2019s collapse. He became a person of interest when Terra\u2019s algorithmic stablecoin<\/a> ($USTC formerly $UST) dropped to almost $0 within weeks.<\/li><\/ul>\n\n\n\n
After the crash, he relocated Terraform Labs HQ from South Korea to Singapore due to being under investigation for tax evasion charges. The Terra founder said he would cooperate with investigative agencies in the Terra crash and as nothing to hide. Further, Do Kwon posted on Twitter<\/a> describing himself with an \u201cextremely high bar of integrity.\u201d <\/li><\/ul>\n\n\n\n
However, South Korean prosecutors stated that Do Kwon was not cooperating, and he is on the run. As a result, Interpol has issued<\/a> a Red Notice on the Terra founder, thereby declaring him wanted in over 196 countries.<\/li><\/ul>\n\n\n\n
Despite being a wanted man, Do Kwon remains active on social media, with his current location in Singapore. In turn, governmental authorities are working on a new bill<\/a> to place a two-year ban on algorithmic stablecoin to prevent another Terra collapse.<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Terra\u2019s Do Kwon Wanted For Arrest By Seoul Court<\/a><\/p>\n","post_title":"Interpol Issues Red Notice On Terraform Labs Founder Do Kwon","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"interpol-issues-red-notice-on-terraform-labs-founder-do-kwon","to_ping":"","pinged":"","post_modified":"2023-04-30 21:29:51","post_modified_gmt":"2023-04-30 11:29:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7397,"post_author":"7","post_date":"2022-09-26 18:55:51","post_date_gmt":"2022-09-26 08:55:51","post_content":"\n
The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. If you are a US taxpayer who holds crypto, here are some facts you should know.<\/p>\n\n\n\n
Despite the cryptocurrency market\u2019s bearishness, many bitcoin holders reportedly hold<\/a> the cryptocurrency at a profit. Consequently, the IRS requires US taxpayers who sold bitcoin or any cryptocurrency at a profit to file it in their tax reports.<\/li><\/ul>\n\n\n\n
Many crypto holders are failing to do so. The IRS is using every means available to enforce compliance on US taxpayers who hold crypto. A significant reason for strict compliance is that the IRS considers crypto property for tax purposes. Once a US taxpayer sells his cryptocurrency, the US tax code requires they report their gains or losses on their income statement. The \u201cproperty\u201d gains or losses are additional or decreased income.<\/li><\/ul>\n\n\n\n
No IRS code section exempts like-kind exchanges for cryptocurrencies. Like-kind payments allow tax deferment, and IRS section 1031 does not include crypto in like-kind exchanges. So, suppose a US taxpayer is trading Bitcoin for Ethereum. In that case, the transaction does not defer tax obligations on capital gains.<\/li><\/ul>\n\n\n\n
Taxpayers who trade cryptocurrencies in the United States must report their gains or losses in their tax reports. This is necessary to avoid facing severe actions from the US Government or the IRS resulting in the seizure of crypto assets. \u00a0<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor<\/a> <\/p>\n","post_title":"Are You Skipping Taxes As A Crypto Holder? What You Should Know","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"are-you-skipping-taxes-as-a-crypto-holder-what-you-should-know","to_ping":"","pinged":"","post_modified":"2022-09-26 18:57:39","post_modified_gmt":"2022-09-26 08:57:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7397","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7331,"post_author":"7","post_date":"2022-09-25 13:31:17","post_date_gmt":"2022-09-25 03:31:17","post_content":"\n
Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel industry is ready to implement Web 3.0 and change customers\u2019 traveling experiences for good.<\/p>\n\n\n\n
The travel industry has witnessed an excellent customer base and market size increase. In the early 90s, there were about 1.2 billion airline passengers with a market valuation of $250 billion. However, with the invention of the internet, the industry is home to more than 5 billion airline passengers with an over $500 billion <\/a>market<\/a> size<\/a>.<\/li><\/ul>\n\n\n\n
Implementing a new method of purchasing and managing your tickets is worth considering. An example is the blockchain company, TravelX working actively to tokenize flight tickets. The co-founder of TravelX, Facundo Diaz believes that Web3 technologies can expand the travel industry and market size.<\/li><\/ul>\n\n\n\n
Facundo Diaz also claims NFTickets<\/a> can become a game changer in how travelers see their tickets. In an emergency, travelers can auction, sell, trade, and transfer tickets with a peer-to-peer<\/a> transaction. This innovation will enable travelers to manage their tickets as they deem fit.<\/li><\/ul>\n\n\n\n
He further explained that airlines could see a revenue increase when customers resell their tickets in the secondary market. Using a smart contract<\/a>, airlines could collect a percentage share when passengers resell their tickets to other passengers. According to Diaz, the implementation is underway with their first layer of infrastructure for other travel industry players to build Web3 solutions. <\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Zilliqa Prepares To Launch Web3 Gaming Console<\/a><\/p>\n","post_title":"How Can Web3 Revolutionize The Travel Industry?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"how-can-web3-revolutionize-the-travel-industry","to_ping":"","pinged":"","post_modified":"2022-09-25 13:32:47","post_modified_gmt":"2022-09-25 03:32:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7331","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7328,"post_author":"7","post_date":"2022-09-25 00:40:28","post_date_gmt":"2022-09-24 14:40:28","post_content":"\n
According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the Ministry of Finance and the Central Bank of Russia.<\/p>\n\n\n\n
The Russian Government is reversing its stance<\/a> on cryptocurrency. The country\u2019s deputy Finance Minister, Alexei Moiseev, believes the cryptocurrency market requires regulation. However, with new sanctions from foreign countries such as the UK, the US, and the European Union, they are considering making crypto legal for cross-border payments.<\/li><\/ul>\n\n\n\n
The ministry of finance in Russia still calls for regulation, so there is no room for laundering, paying for drugs, and other criminal activities. Moiseev describes this crypto adoption as a unique opportunity for Russian citizens to open cryptocurrency wallets.<\/li><\/ul>\n\n\n\n
He explained that the Central Bank of Russia would supervise the wallets opened by the citizens to ensure they are compliant with anti-money laundering legislation. Also, the entities must perform a know-your-customer<\/a> evaluation to know their clients.<\/li><\/ul>\n\n\n\n
Russia faces specific issues despite crypto adoption. Their major \u2018friendly\u2019 partner in trade is China, which has banned the use of cryptocurrency. This situation could limit the payment and transaction potential of cryptocurrencies.<\/li><\/ul>\n\n\n\n
Many Russian citizens are using cryptocurrencies as a lifeline since the country\u2019s currency collapsed<\/a>. With the reports of the Russian Government adopting cryptocurrency, they can continue conducting business transactions without hindrance. Further development awaits all concerned parties regarding crypto adoption in Russia.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Will Russian Banks Blocked From SWIFT Turn To Crypto?<\/a><\/p>\n","post_title":"Russian Government To Legalize Crypto For Cross-Border Payments","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"russian-government-to-legalize-crypto-for-cross-border-payments","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russian-banks-blocked-from-swift-turn-to-crypto\/","post_modified":"2022-09-25 00:41:39","post_modified_gmt":"2022-09-24 14:41:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7328","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

Cryptocurrencies

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

Steve Courtney, the CEO, and founder of the Crypto Crew University has recently expressed his woes on the long-term future ...

by Md Ishtiaque Ahmed
October 8, 2022

Blockchain

Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace

Web3 startup Thallo announced a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a ...

by The Distributed Team
October 8, 2022

Crypto Markets

Crypto Is Not Going Away, Billionaire David Rubenstein

David Rubenstein, the billionaire co-founder/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss his view ...

by The Distributed Team
October 2, 2022

Adoption

Russia Is Considering Digital Ruble Settlements With China

Russia plans to issue a Central Bank Digital Currency (CBDC), the digital ruble, in mutual settlements with China. Anatoly Askakov ...

by Olusegun Adesua
September 29, 2022

Blockchain

Binance Introduces New Law Enforcement Programs To Detect Crypto Crimes

Binance, the world's largest cryptocurrency exchange, has introduced a new and dedicated law enforcement program to detect and combat financial ...

by Olusegun Adesua
September 28, 2022

Regulation

Interpol Issues Red Notice On Terraform Labs Founder Do Kwon

Interpol issued a Red Notice against the founder of Terraform Labs, Do Kwon, in the early hours of Monday, September ...

by Olusegun Adesua
September 28, 2022

Regulation

Are You Skipping Taxes As A Crypto Holder? What You Should Know

The Internal Revenue Service (IRS) is moving on crypto holders who fail to report their crypto gains on their taxes. ...

by Olusegun Adesua
September 26, 2022

Blockchain

How Can Web3 Revolutionize The Travel Industry?

Web 3.0 is seeing massive adoption in various industries across the world. With its unique design and features, the travel ...

by Olusegun Adesua
September 25, 2022

Adoption

Russian Government To Legalize Crypto For Cross-Border Payments

According to reports, Russia is currently legalizing digital assets for cross-border settlements. This new policy was agreed upon by the ...

by Olusegun Adesua
September 25, 2022

Altcoins

Hopeful That ZCash And Dogecoin Move To PoS – Vitalik Buterin

Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and ...

by The Distributed Team
September 25, 2022

Previous 1 … 63 64 65 66 67 … 85 Next

Most Read

Bitcoin

Beware of the Technical Factors that Can Destroy Bitcoin in the Next 5 Years, Crypto Market Specialist Steve Courtney

October 8, 2022 - Updated on April 10, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

About The Distributed

Terms

Contact

Privacy

Editorial

Careers

RSS Feed

© 2023 The Distributed

No Result

View All Result

Cryptocurrencies

Adoption

Altcoins

Bitcoin

Blockchain

Business

Decentralized Finance

Ethereum

Hacks

Crypto Markets

NFTs

Regulation

Scams

Stablecoins

Finance

Banking

Central Banks

Financial Markets

Technology

Artificial Intelligence

Cyber Security

Metaverse

Web3

Learn

The Coins

The Future

The Innovations

The Technology

Tools

Cryptocurrency Market

Stock Market

Economic Calendar

Research

Reviews

Exchanges

Wallets

Headlines

About Us

Contact Us

© 2023 The Distributed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.