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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

PYMNTS

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. Proposed amendments to existing bills want to classify cryptocurrencies as goods rather than currencies. Celebrities including Floyd Mayweather and DJ Khaled backed the project on social media. And, the U.S.

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Libra Could Pose Tax Challenges In Europe

PYMNTS

With the idea of pegging Libra’s value to a basket of international currencies, Facebook ’s proposed cryptocurrency would bring tax challenges to European users, per tax lawyers. As a result, capital gains and losses would be created. This seems to us to be a significant barrier to wide adoption.”.

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Five At Five: Amazon Opens Alexa Voice To iOS

PYMNTS

Overstock Rises on GSR Capital Investment in New Blockchain Unit. Shares of Overstock rose sharply after announcing that Hong Kong-based private equity firm GSR Capital is investing more than $270 million into Overstock’s blockchain subsidiary tZERO. Intuit Secures Patent for Bitcoin Payment Processing.

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Facebook Q2 Earnings Preview: Ad Sales, Libra To Affect Growth

PYMNTS

Facebook’s David Marcus was grilled and the cryptocurrency was criticized in hearings with the Senate Banking Committee on July 16, and by the House Financial Services Committee on the following day.

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#31daysofwealthhacks – the joy, the tears and the learnings

Jessica Ellerm

And 1 in 10 Gen Y’s will post their resolutions to social media, in a bid to make themselves more accountable. So feeling very conformist, this year, I decided to revert to my Gen Y type and take part in some financial goal setting, combined with social activity. Made an after-tax superannuation contribution.

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On Radical Markets

Vitalik Buterin

Harberger taxes can essentially replace eminent domain ), and given that blockchains lack access to trusted human-controlled courts, these kinds of solutions may prove to be be even more ideal for blockchain-based markets than they are for “real life”. Harberger taxes. What do Posner and Weyl talk about? the highest bidder).

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A Brief History Of Libra

PYMNTS

It has been about a month since Facebook pulled back the curtain on its vision for Libra – a blockchain-backed cryptocurrency with the lofty aim of connecting the 1.7 They will also kick in the capital to support the project – $10 million apiece – with some exceptions.