Alternative currencies

BIGG Digital Assets Inc. subsidiary Blockchain Intelligence Group Provides Certified Cryptocurrency Investigator Training to Professional Risk Management, Inc., a provider of Financial Investigator Subject Matter Experts to the United States Government

Retrieved on: 
Wednesday, May 12, 2021
Alternative currencies, Financial regulation, Money laundering, Tax evasion, Terrorism, Virtual currency, Currency, Articles, Crime, Financial markets

Together with QLUE\xe2\x84\xa2, financial investigators have a powerful tool to identify bad actors and take the profit out of crime.\xe2\x80\x9d\nPRM specializes in providing expert financial investigative services and related staffing solutions sought by Government and industry.

Key Points: 
  • Together with QLUE\xe2\x84\xa2, financial investigators have a powerful tool to identify bad actors and take the profit out of crime.\xe2\x80\x9d\nPRM specializes in providing expert financial investigative services and related staffing solutions sought by Government and industry.
  • For over 20 years, PRM financial investigators have been at the forefront of contract financial services that support agency mission objectives.
  • Illicit actors have integrated virtual currencies into many different money-laundering methodologies.
  • Drug traffickers and money launderers are increasingly incorporating virtual currency into Trade based Money Laundering activity as the use of these currencies becomes more widely adopted.\n'

MEDIA ALERT: When is a currency not taxed like a currency? When it is a virtual currency

Retrieved on: 
Thursday, March 25, 2021
Finance, Consulting, Banking, Accounting, Professional services, Taxation in the United States, Tax, Alternative currencies, Virtual currency, Currency, Payment systems, Economy, Internal Revenue Service, Legality of bitcoin by country or territory, Virtual currency law in the United States

The Internal Revenue Service (IRS) first addressed virtual currencies in 2014 with the Notice 2014-21.

Key Points: 
  • The Internal Revenue Service (IRS) first addressed virtual currencies in 2014 with the Notice 2014-21.
  • The IRS views virtual currencies as just another type of property, not as a currency, and transactions involving virtual currency are taxed accordingly.
  • Why: The IRS appears to have made virtual currency an audit priority after reviewing indications that many virtual currency transactions are not being property reported for tax purposes.
  • It is important for taxpayers to understand their tax obligations when engaging in virtual currency transactions.

Moonstake Enters Partnership with Unido, The First Enterprise-Grade Asset Management Platform Built on Polkadot

Retrieved on: 
Friday, March 19, 2021
Blockchains, Cryptocurrencies, Alternative currencies, Cross-platform software, Tezos, Cardano, Goldman Sachs, Staking, Polkadot, Stake, Finance, Financial services

Currently Moonstake supports staking for Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras and Centrality assets.

Key Points: 
  • Currently Moonstake supports staking for Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras and Centrality assets.
  • Moonstake started in the staking business last year with the aim to create the largest staking network in Asia.
  • Led by a highly experienced team from Macquarie Bank, Wipro and Goldman Sachs, Unido is the first enterprise-grade asset management platform being built on Polkadot and features apps already available in the App Store.
  • Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders.

FD7 Ventures’ Managing Director Prakash Chand Predicts Bitcoin Market Cap of $10 Trillion, with ADA, DOT and ETH Not Far Behind

Retrieved on: 
Thursday, March 11, 2021
Professional services, Technology, Finance, Software, Networks, Banking, Cryptocurrencies, Blockchains, Cross-platform software, Alternative currencies, Payment systems, Concurrent computing, Cryptography, Cardano, Ethereum, Robinhood, Bitcoin, Polkadot

According to FD7 Ventures Managing Partner, Prakash Chand, Bitcoins market cap will reach $10 trillion in a few years, with Cardano (ADA), Polkadot (DOT) and Ethereum (ETH) not too far behind.

Key Points: 
  • According to FD7 Ventures Managing Partner, Prakash Chand, Bitcoins market cap will reach $10 trillion in a few years, with Cardano (ADA), Polkadot (DOT) and Ethereum (ETH) not too far behind.
  • The new generation of retail investors who got burned on Robinhood will turn to the cryptocurrency markets.
  • We will see a lot of stimulus checks invested in the crypto market over the stock market.
  • To learn more about FD7 Ventures and their holdings, visit their website at fd7.ventures .

FD7 Managing Partners Prakash Chand and Q. Dhalla Project Cardano Headed to $20, Polkadot to $700

Retrieved on: 
Thursday, March 4, 2021
Professional services, Finance, Businesspeople, Alternative currencies, Blockchains, Cross-platform software, Cryptocurrencies, Science and technology in the United States, Nationality, Cardano, Ada, Polkadot, Elon Musk, Chand

FD7 Ventures Managing Partner, Prakash Chand, has gone on record today with his prediction that the price of Cardano (ADA) and Polkadot (DOT) could rise to approximately 20x within the next 2-3 years.

Key Points: 
  • FD7 Ventures Managing Partner, Prakash Chand, has gone on record today with his prediction that the price of Cardano (ADA) and Polkadot (DOT) could rise to approximately 20x within the next 2-3 years.
  • In my opinion, these 3 projects are going to start disrupting industries across the boardfrom Healthcare to Real Estate to Financial, said Chand.
  • Chand believes companies like Elon Musks Tesla, which holds 1.5 billion in BTC, will eventually move some funds to ETH, DOT and ADA.
  • Fellow FD7 Managing Partner, Q. Dhalla, stated that, I am getting calls from institutional investors who werent even aware of Cardano and its ADA token, but are expressing interest.

Brave New Coin to Power Digital Currency Perpetuals on LedgerX

Retrieved on: 
Wednesday, March 3, 2021
Web browsers, Articles, Cryptocurrencies, Money, Digital currencies, Bitcoin, Private currencies, Alternative currencies, Futures contract, Blockchain, Currency future, Ven

NEW YORK CITY / AUCKLAND, New Zealand, March 03, 2021 (GLOBE NEWSWIRE) -- ( via Blockchain Wire ) -Digital currency futures and options exchange and clearinghouse LedgerX ( https://www.ledgerx.com/ ) today announced it will pursue digital currency perpetuals powered by digital asset data infrastructure company Brave New Coin ( https://bravenewcoin.com/ ).

Key Points: 
  • NEW YORK CITY / AUCKLAND, New Zealand, March 03, 2021 (GLOBE NEWSWIRE) -- ( via Blockchain Wire ) -Digital currency futures and options exchange and clearinghouse LedgerX ( https://www.ledgerx.com/ ) today announced it will pursue digital currency perpetuals powered by digital asset data infrastructure company Brave New Coin ( https://bravenewcoin.com/ ).
  • We believe LedgerX will be able to out-innovate the legacy competitors, said Fran Strajnar, Founder of Brave New Coin.
  • LedgerX is a digital currency futures and options exchange and clearinghouse regulated by the US Commodity Futures Trading Commission.
  • Brave New Coin ( https://bravenewcoin.com/ ) (BNC) is a data and research company focused on the blockchain and cryptographic assets industry.

FD7 Ventures Launches $250M USD Micro-Fund in India to Invest in Projects Building on Cardano and Polkadot Ecosystems

Retrieved on: 
Monday, March 1, 2021
Banking, Other Professional Services, Professional services, Finance, Cryptocurrencies, Alternative currencies, Blockchains, Cross-platform software, Articles, Decentralization, Technology, Computing, Cardano, Polkadot

The new location is home to an FD7 micro-fund targeting $250 million USD that will focus on investments in teams building out projects that further the Polkadot (DOT) and Cardano (ADA) ecosystems.

Key Points: 
  • The new location is home to an FD7 micro-fund targeting $250 million USD that will focus on investments in teams building out projects that further the Polkadot (DOT) and Cardano (ADA) ecosystems.
  • Expansion into Indias investment landscape offers FD7 region-specific advantages that are radically different from the blockchain and cryptocurrency scenes of the United States.
  • The India Institute of Technology (IIT) is churning out top talent who are already working on Polkadot and Cardano projects at the university level.
  • To learn more about FD7 Ventures and their holdings, visit their website at fd7.ventures .

Bluesky Digital Assets Corp., Executes on a Material Mining Hardware Purchase and Announces a Significant International Supplier Relationship with Pandaminer

Retrieved on: 
Monday, February 8, 2021
Cryptocurrencies, Economy, Money, Finance, Digital currencies, Financial cryptography, Alternative currencies, E-commerce, Bitcoin, Currency, Shenzhen

This additional material mining hardware acquisition is the second significant completed high dollar value order for Bluesky in fiscal 2021.

Key Points: 
  • This additional material mining hardware acquisition is the second significant completed high dollar value order for Bluesky in fiscal 2021.
  • About Pandaminer, Shenzhen Halley Cloud Technology Co, Ltd.
    With headquarters in Shenzhen, China; Pandaminer has become a recognized leader in the production of advanced mining hardware.
  • For more information please visit Pandaminer at: https://www.pandaminer.com/about /
    About Bluesky Digital Assets Corp.
    Bluesky Digital Assets Corp, is building a high value digital currency enterprise.
  • Bluesky mines digital currencies, such as Bitcoin and Ether, and is developing value-added technology services for the digital currency market, such as digital mining proprietary software.

NCLA Skewers IRS Efforts to Avoid Court Scrutiny of Its Unlawful Crypto Data Collection Practices

Retrieved on: 
Wednesday, January 20, 2021
Tax, Alternative currencies, Taxation in the United States, Virtual currency, Internal Revenue Service

Mr. Harper had contracted with third-party virtual currency exchanges to protect his private information against unlawful government intrusion.

Key Points: 
  • Mr. Harper had contracted with third-party virtual currency exchanges to protect his private information against unlawful government intrusion.
  • Despite his efforts to ensure his records were properly safeguarded, IRS brazenly gathered sensitive information about Mr. Harpers use of virtual currency from the third-party exchanges without a lawful subpoena.
  • NCLA contends that IRSs attempt to avoid the Courts jurisdiction is a misguided effort to avoid a significant constitutional challenge to IRSs unlawful data collection practices.
  • Notably, IRS does not dispute in its motion to dismiss that it acquired Mr. Harpers information without a lawful subpoena.

From the Tax Law Offices of David W. Klasing - FinCen Signals Intent to Make Virtual Currency in Foreign Accounts Reportable on an FBAR

Retrieved on: 
Wednesday, January 13, 2021
Alternative currencies, Money laundering, Financial Crimes Enforcement Network, Tax evasion in the United States, United States Department of the Treasury, Vienna, Virginia, Virtual currency, Bank Secrecy Act, Currency, Money, Government, Finance

After publicly reinforcing this unofficial policy more than once, FinCen recently signaled its intent to reverse its former policy on virtual currency.

Key Points: 
  • After publicly reinforcing this unofficial policy more than once, FinCen recently signaled its intent to reverse its former policy on virtual currency.
  • FinCen recently announced that it intends to propose amendments to the Bank Secrecy Act to include virtual currency as a type of reportable account under 31 CFR 1010.350.
  • This proposal, like the reversal to FBAR reporting for virtual currencies , has also drawn the ire of lawmakers and taxpayers.
  • View original content to download multimedia: http://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-davi...
    SOURCE Tax Law Offices of David W. Klasing, PC