View: 466
Want create site? Find Free WordPress Themes and plugins.

12 July 2017, Switzerland introduces a new “Bitcoin Watch.”

Bernecker Uhrenwerke associates the digital currency Bitcoin with unique wristwatches, categorized by the new design. This effort is just to utilize the bitcoin community.

Everyone is blown away by the success of bitcoin and other cryptocurrencies. With expansions of numerous transparent and daily new records, they also surprise their major opponents. Bitcoin fans have the opportunity to demonstrate their ethics on daily basis. Now, there is the first Bitcoin watch is available to prove the support for digital currency with elegant design.

“Bitcoin watch” offers in two collections of 4 models each. Moreover, with Swiss company Ronda’s Quartz movement, or, in luxury variety, with 39 well-known Swiss watch maker’s Eterna.  Its price is between 260 Euro(quartz) and 3700 Euro (automatic).

This new watch is launch on the inventive platform “Kickstarter.” Whereas, the price of Quartz collection in the restricted publication of 500 pcs at Kickstarter is up to 229 euro and “automatic” collection’s price in limited edition is 2290 euro.

News credit: www.coindesk.com

 

Did you find apk for android? You can find new Free Android Games and apps.

Leave a Reply

Type Comments Here

Your email address will not be published.

Share Your Toughts

View: 478

Token Tax 2018: Here’s what ICO Investors and Issuers must know about it!

Want create site? Find Free WordPress Themes and plugins.

ICOs (Initial Coin Offerings) have skyrocketed in the past few years. A lot of attention has been given to regulatory matters than the potential tax issues that may soon arise for both investors as well as issuers. The IRS (Internal Revenue Service) didn’t issue any guidance related to the tax treatment of token issuances. Taxpayers are mostly left to apply existing-tax-rules, depending on regulations and models that offer flawed analogies to token issuances.

cryptocurrency and taxes

Cryptocurrency and Taxes

Overall, the facts of a certain token issuance, which includes the rights related to tokens must be scrutinized to regulate the proper characterization of the tokens for tax-related matters. A token has to be considered as an equity interest in the issuing entity, however, the tax consequences to the holders and issuers will rely on the buckets that token falls into.

The rules can be way too much complex if the equity interest is in a partnership, and if the taxable income partnership will surge over to the investors, so they may have a constant tax liability. Furthermore, if an investor uses “appreciated cryptocurrency” to get the tokens, it will end up in current-tax to the investor on the appreciated cryptocurrency, however, considering other facts, the investor may have the ability to claim that the cryptocurrency exchange for tokens was “tax-deferred.”

There are few token issuers that issue some of their tokens for free through an “airdrop.” Receivers usually sign up for airdropped-tokens through the website of the issuer, and sometimes they have to use social media platforms to disseminate information about tokens in order to receive them. For the receiver, the value of tokens that he/she receives in an airdrop is a taxable income.

Token issuers usually pre-sell some tokens via SAFT or SAFE-T. The holder, under a SAFT usually pays a fixed-amount for getting the right to collect a determinable number of tokens. SAFT often provide that the envisioned SAFT’s tax treatment is as a “forward contract.” If this treatment is appreciated, then the tax on the purchase amount must be delayed ’til the tokens get delivered to the SAFT holder.

Though, SAFT as a forward contract won’t necessarily be appreciated by the Internal Revenue Service, as the agency may pursue to re-characterize SAFT to extricate it from a traditional prepaid “forward contract.”

Based on SAFE (Simple Agreement for Future Equity), SAFE-T is planned to be considered as an equity instead of alterable debt. SAFE-T’s tax treatment is ambiguous; however, it comprises the elements of both SAFE and SAFT.

It’s quite clear from that there’s only a little guidance from the IRS about how token offering is treated for tax purposes. Determining how to describe these tools for tax-purposes is an exhaustive procedure. Issuers must look up for a tax adviser to get some help in organizing their token offerings.

Did you find apk for android? You can find new Free Android Games and apps.
View: 433
View: 503

Is Bitcoin Really Bad for Games?

Want create site? Find Free WordPress Themes and plugins.

July 11, 2017. Digital currencies continually making their momentum among a huge number of users. This increasing distinction creates an effect on the market cap. A large number of Bitcoin users indicates the more modest market with a surge in market cap as well.

So, it is clear that Bitcoin users can keep their coins without converting it to fiat money. On the side, bitcoin mining potential is growing with the increase in demand for Bitcoin.

Furthermore, most of the groups such as computer games community have faced negative pressure because of the development.

Mining or gaming????

With the rise in the Bitcoin market, things getting more difficult for the gaming community. In addition, both hardware cost and graphics cards’ price is getting high. Which shows that the gamers and miners required an expensive hardware in order to perform their operations more efficiently.

Basically, mining is a process of generating new bitcoins. whereas, supporters of digital currency campaign frequently favor the decentralized process of the cryptocurrencies. Because its allows users to generate new tokens.

Professionals have huge members set up to solve math solutions and get their Bitcoin reward. In addition, they use the AMD RX 400/500 series in mining process to boost up the whole process.

Why do gamers feel the pressure?

Gamers use the same card for the different purpose. Means, the similar card is used by two different communities. Accordingly, card seller is completely out of stock and most of the gamers feel the increasing pressure of prices.

Though, may be a relief is on the way, ASUS, one of the well-known graphic card manufacturers announced that they will introduce the new series of product soon. This announcement may lead two different classes with different focuses.

Doesn’t matter mining interest is growing on but graphic card is not more expensive for gamers.

News credit: www.investopedia.com

Did you find apk for android? You can find new Free Android Games and apps.
View: 508

Buying Bitcoins Through Xcoins – Is the Service Legitimate?

Want create site? Find Free WordPress Themes and plugins.

Buying Bitcoins Through Xcoins

Xcoins is a Bitcoin lending service. It allows you to buy bitcoin with a credit card or PayPal. Lately, there has been too much talk about Xcoins and whether is it legit to buy bitcoins with this service.

In this article, we have discussed all the aspects of Xcoins to help you understand the concept of the service, and whether it is legit to buy bitcoins through Xcoins.

Buying Bitcoin with PayPal Through Xcoins:

Due to the possibility of chargeback fraud – and the lack of support for Bitcoin from PayPal itself, it’s extremely hard to buy bitcoins with PayPal. Xcoins, on the other hand, have exploited this problem and claim to have found a solution in which the coins are loaned instead of getting sold to the clients.

In order to buy bitcoins through Xcoins, the users go to the site where they do an ID verification. After the verification process, they’ll be required to deposit:

  • USD equivalent to how much they want to borrow
  • PayPal/credit card processing fees
  • A fixed amount that acts as the interest on the loan

The site claims to have competitive fees due to their lenders competing against each other for the best possible rate. However, in most cases, the interest rate is fixed at 15% – which could possibly be the lowest interest rate offered by Xcoins. Interestingly, it’s still way higher than what most Bitcoin exchanges offer.

Trading Bitcoins on Xcoins:

Xcoins is not just a buying service – you can also sell/lend coins on the site. To do so, you must decide how much you are willing to loan, and then deposit the amount into your Xcoins account. The amount must be in USD.

Once the deposit is made, the system will automatically direct you to the buyers and they will deposit the money directly into your PayPal account.

Pros and Cons of Xcoins:

The major pros and cons of Xcoins include:

Pros:

  • The quick purchase of Bitcoin either through Credit Card or PayPal.
  • Easy sign-up.

Cons:

  • Slow refunds – can take up to a week or longer.
  • Support staff is not active – even on working days. If you send them an email, expect the response to come in at least two days.
  • Constant complaining to their Support can result in a permanent ban.
  • If you do not dispute your charges, they will disable your ability to buy bitcoins.
  • If you purchased some coins but the lender is not willing to release them, you will still be charged.

Conclusion:

From buyer’s perspective – Xcoins isn’t stable enough for large purchases. Also, the fees are extremely high in comparison to other exchanges. However, if your only option to buy Bitcoin is PayPal, then Xcoins is the way to go.

Did you find apk for android? You can find new Free Android Games and apps.
View: 519

Will Sam Ling Beat Warren Buffett With Cryptocurrency?

Want create site? Find Free WordPress Themes and plugins.

Chinese entrepreneur Sam Ling and his partner spent 2.35 million US Dollars in 2015, on a bid on a private lunch with one of the richest man in the world. This richest man was no other than Warren Buffett, whom Sam Ling still considers his idol. The main purpose of such a costly and unusual lunch was that they were hoping to get some real time advice from the legendary investor in terms of their cryptocurrency index project which could lead to nourish their future investment plans in the same direction. Even today, the 31-year-old Sam Ling still uses the photo of that memorable buffett as his phone’s wallpaper to pay a debut to the legendary Warren Buffet however, his present day intentions are quiet thrilling as now he has a motto of beating his hero on the sticky grounds of cryptocurrency.

cryptocurrency index fund

In Spite of such “Deadly” intentions, Sam Ling, now founder and CEO of Supwin Financial Services Group exclaimed in his interview with CNBC that Buffett is still his idol, he has been pursuing and studying his investment strategies for so many years just as a loyal fan of his without any ill intentions.

 

In fact that loyalty of Sam King did not stop him from betting even something bigger than his last bet on Buffett. According to Sam’s opinion the world’s third-richest person Warren Buffett will come to a bad ending due to cryptocurrency index fund.

What Did Sam Learn From Warren Buffett?

Many people have asked that question from Sam Ling which also seems to be a key to his present day success. The answer of Sam to that question is very simple, If there’s anything really learned from Buffett, it was just an appreciation for index funds. Ling, however, innovated that outlook to his own concept of digital currency kingdom.

 

The term cryptocurrency index may be new for some our readers as it is not commonly used. The fact is that most of the cryptocurrencies i.e; bitcoin are too much unstable to become a trusted mode of investment, and that’s why investors like Sam Ling have started to launch cryptocurrency indexes of their own in order to bring their crypto investments to a relatively safer mode. It has been noted that over the past few months, Sam Ling’s cryptocurrency index has a lower decline rate as compared to the bitcoin. That ratio pertains to the corrections, on the other hand outperformed bitcoin by 50 to 80 percent during upsurges.

Further Progress By Ling

Ling has not stopped yet, he has finalized his plans to launch the “BB Index”, which is an advanced form of that kind of index and will consist of a family of 26 cryptocurrency indexes. These indexes would be further grouped by market capitalization according to their categories and strategy. These indexes would range from a “Blockchain Top 7 Index”  to a “Blockchain Top 50 ex top 20 Token Index”.

 

The major difference between these two kinds of Blockchains is that the “Blockchain Top 7 Index” covers the largest cryptocurrencies while “Blockchain Top 50 ex top 20 Token Index” is used to represent mid-cap assets. All these indexes are updated every three minutes on the company’s official website according to Sam Ling.

A Summary Of Buffet’s Conversation With Ling

Later Sam Ling shared a summary of his conversation with Buffet. He related that Buffett discussed a lot of core issues with him and his friend during that precious lunch, but in the end, he just gave them a piece of advice that they should focus on what they were doing and were already successful at. Ling further recalled the conversation which took place ten years ago in which Buffett made it clear that he believed in the craze of cryptocurrencies which will not come an end and will keep on increasing with the passage of time.

 

When asked what were his thoughts about the fate of cryptocurrencies, Ling exclaimed that in his opinion cryptocurrencies would meet a very bad ending and those who are investing in it including his idol Buffet, they would have to pay for their overconfidence.

 

On the other hand Ling also stated that he was quiet confident that the BB Index devised by him would even beat traditional crypto investor including Buffett. He further stated that Warren Buffett just won a 10-years bet stating that an index fund would outperform a collection of hedge funds over that time. Now, Ling has a bet that his cryptocurrency index will outperform Buffett’s portfolio over the same period of time.

 

According to a correspondent of CNBC when they reached out to Warren Buffett’s office in order to know his views in this regard, they could not receive any satisfactory response.

 

We are waiting for your worthy opinion in the comments section below.

Did you find apk for android? You can find new Free Android Games and apps.