Thailand Exempts Crypto Transfers from Tax until late 2023 | Curated CoinCodeCap #26 May 2022
Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
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XcelTrip Now Supports Shiba Inu Payments Across 3 Service Industries
Shib Inu, the meme coin has a new partner XcelTrip, a decentralized ticket and hotel booking company that recently announced the addition of SHIB as a payment method. As a result, SHIB fans and holders may now organize their vacations and pay for them exclusively using their favorite coins. According to XcelTrip, users can currently book 2.3 million hotels, 450 airlines, and car rentals in more than 70 countries using SHIB. Keep Reading »
Dennis Porter believes problems with renewable energy can be resolved by Bitcoin data centers
Recently, Bitcoin Advocate Dennis Porter took to Twitter to talk about how utilizing Bitcoin to solve problems posed by renewable energy.” The problem with renewables is they don’t have someone to buy up excess production or curtail usage during peak demand. Bitcoin data centers can perfectly solve both of these issues. Once the climate activists learn this, Bitcoin will explode to new all-time highs”, his tweet reads. Keep Reading »
JPMorgan says Crypto surpasses Real Estate As ‘Preferred Alternative Asset Class’.
Despite the crypto market being bearish, JPMorgan believes bitcoin is significantly undervalued. For a long time, the price of Bitcoin has been ranging from $26,000 to $30,000. Bears are not able to lower, and bulls not higher than $31K. Despite this, JPMorgan predicts that Bitcoin’s price will hit $38,000. That’s a 28% increase above the existing rate. The financial service provider is optimistic about cryptocurrency that it has supplanted real estate as its favored alternative asset. Keep Reading »
Paraguay’s Second Chamber of Congress approves Bill Regulating Crypto Mining and Trading
Paraguay’s Chamber of Deputies on May 26 approved a bill regulating crypto mining and trading and received a 40-12 vote. In December last year, the Central American country’s Senate had already passed a similar legislation, and the bill will now return to that body with the Chamber of Deputies’ changes and modifications. Keep Reading »
Thailand Exempts Crypto Transfers from Tax until late 2023
The Thai government is planning to exclude the transfer of cryptocurrencies or digital tokens from value-added tax (VAT) until the end of 2023. According to the Royal Decree, The exchange of cryptocurrencies or digital tokens at digital asset exchanges under the rules has been exempted from VAT collection, issued on the Royal Gazette website on Tuesday. In addition, VAT has been abolished from the transfer of BOT’s digital money for public usage. Keep Reading »
Portugal Rejects Crypto Taxation Proposals by Two Parties
Earlier in May, Portugal was gearing up to impose taxes on crypto earnings and payments. It was even confirmed by the Finance Minister of the country, Fernando Medina that the taxing process will begin soon. The government also received several proposals regarding the same. Keep Reading »
The U.S. Has Dropped The Ball on Crypto Regulation
The meltdown of the crypto market is continuing and the Securities and Exchange Commissioner Hester Peirce feels that the authorities can do a better job of encouraging innovation within the space. She mentioned that the failure of the industry troubles her. Keep Reading »
Market Updates
GNO Price Analysis May 2022
GNO is a token of platform Gnosis. Its current price is around $208.73 by writing, with a low of $130.30, and has a market cap of 538 million dollars. Keep Reading »
IOTX Price Analysis May 2022
IOTX is a coin of platform IoTeX. Its current price is around $0.03968 by writing, with a low of $0.01289, and has a market cap of 378 million dollars. Keep Reading »
AMP Price Analysis May 2022
AMP is the token of the Amp platform, which is around $0.01367 by the time of writing, with a low of $0.009912. It reached a hof $0.01433, and its current ranking is #80 according to CoinMarketCap, with a market cap of 577 million dollars. AMP tokens allow users to make fast and secure payments on the Flexa Network. Keep Reading »
KCS Price Analysis May 2022
KuCoin is one of the most popular cryptocurrency exchanges that allow you to trade various coins like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, etc. Their platform also caters to newbies by giving users an option to buy KCS tokens, which reduces the trading fee and entitles them to rewards in the form of discounts on trading. Keep Reading »
Crypto to look out for this week BTC, ETH, BTG, LRC, FTM
Cryptocurrency is an emerging asset class gaining traction in recent years. There are many cryptocurrencies on the market, and it can be hard to find out which ones will have the most impact in the future. This article looks at crypto that is worth keeping an eye on this week. Keep Reading »
Crypto Gambling Coins to Look Out for This Week
Crypto gambling has exploded in recent years as more and more people around the world are continuing to take advantage of the many benefits that can be enjoyed when virtual currency is used. Keep Reading »
Crypto to look out for this week BTC, ETH, MANA, ZEC, QNT
Many people prefer to deposit their BTC onto centralized exchanges to minimize risk and volatility. As a result, most new deposits have been to centralized exchanges during recent bitcoin action. Bitcoin currently sits at $30000, and 49.76k BTC likely moved into exchanges, Binance being a popular choice this month. Keep Reading »
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