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Swiss Town to Accept Tax Payments in Bitcoin – CoinDesk

CoinDeskSwiss Town to Accept Tax Payments in BitcoinCoinDeskThe municipality of Chiasso in Switzerland is to start accepting tax payments in bitcoin, according to a local news report. The new scheme, to be put into place for the start of next year, was…


CoinDesk

Swiss Town to Accept Tax Payments in Bitcoin
CoinDesk
The municipality of Chiasso in Switzerland is to start accepting tax payments in bitcoin, according to a local news report. The new scheme, to be put into place for the start of next year, was apparently made following discussion with various ...

and more »

Swiss Town to Accept Tax Payments in Bitcoin

The municipality of Chiasso in Switzerland will start accepting tax payments in bitcoin next year, according to a report.

The municipality of Chiasso in Switzerland will start accepting tax payments in bitcoin next year, according to a report.

Goldmint Signs Agreement With Euroasia Mining

goldmint logoOn September 4, 2017 Eurasia, the platinum, palladium, iridium, rhodium and gold production company, is pleased to announce it has entered into an agreement with GoldMint PTE, a Singapore based Limited Company, to collaborate on establishing a method for the application of blockchain based technology to the development of resource industry projects. Eurasia Mining is a production company and a long standing mineral exploration company, with a pipeline of projects under development, and seeks innovative solutions for bringing these projects to market on the top of the Urals project already in production. GoldMint are developing a platform on which to

goldmint logo

On September 4, 2017 Eurasia, the platinum, palladium, iridium, rhodium and gold production company, is pleased to announce it has entered into an agreement with GoldMint PTE, a Singapore based Limited Company, to collaborate on establishing a method for the application of blockchain based technology to the development of resource industry projects.

Eurasia Mining is a production company and a long standing mineral exploration company, with a pipeline of projects under development, and seeks innovative solutions for bringing these projects to market on the top of the Urals project already in production. GoldMint are developing a platform on which to establish a new means of managing physical gold assets, by applying blockchain technologies to making a variety of transactions backed by physical gold more fluid.

Overview:

  • Eurasia is an established and diversified mining and exploration company with an operating Mine in the Ural Mountains. Separately, approved Reserves and Resources within the Monchetundra Project on the Kola Peninsula comprise 1.9 million ounces palladium equivalent. In addition, Eurasia maintain an exclusive right to participate in up to 67% of the Semenovsky Gold in Mine Tailings Project, a project demonstrating near term gold production potential.
  • Eurasia has a track record of success in taking projects to successful production, mineral exploration, and in funding mineral exploration and mining projects, and has tracked recent developments in the worlds of crowdfunding and blockchain technology to gauge their application to mineral exploration and resource project development.
  • GoldMint’s board of directors and nominated advisors, demonstrate significant experience in the emerging world of blockchain technology, their creative vision to redefine the architecture of the physical gold market, by creating the infrastructure necessary to allow physical gold to be traded faster, more efficiently, and more transparently represents a paradigm shift for the entire gold industry.
  • Eurasia are interested to see how these changes can be applied to the world of gold production, exploration and resource development.

GoldMint has evolved from the successful Russian high street gold management and lending business Lot-Zoloto, and the realization by its co-founders Dmitry Pluschevsky and Konstantin Romanov, that blockchain technology can be applied to that business and expanded upon to encompass further international gold markets, making transactions in physical gold more accessible, efficient and transparent.

The GoldMint ICO will launch a new means of exchange for physical gold, with transactions managed over the blockchain based platform but backed 100% by physical gold. This platform will access the private and individual gold trading market and potentially the management of larger physical stocks such as those in central banks. It will also provide an electronic payment solution backed by physical gold and a system for gold backed peer to peer lending.

In addition GoldMint will provide automated machinery called Custody Bot for the immediate tokenization and sale of physical gold at high street locations. GoldMint directors feel that a logical further integration of the GoldMint solution would be to encompass the metal extraction business. For more information on the GoldMint’s ICO visit goldmint.io/ico

While the final Eurasia – Goldmint, blockchain based solution applied to the mineral exploration and resource extraction industry has yet to be fully determined it is likely to partly replicate the royalty streaming business already proven to be very effective in the mining industry.

Website: goldmint.io
Blog: blog.goldmint.io
ICO: goldmint.io/ico

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Prominent Hedge Fund Manager: Bitcoin is Here to Stay, Price to Surge in Long-Term

Kyle Bass, the prominent US-based hedge fund manager and the founder and principal of Dallas-based hedge fund Hayman Capital Management, believes bitcoin as a digital asset and currency is here to stay. During the Real Vision podcast with widely recognized author Grant Williams which focuses on the finance sector and discussions around smart investments, Bass … Continue reading Prominent Hedge Fund Manager: Bitcoin is Here to Stay, Price to Surge in Long-Term

The post Prominent Hedge Fund Manager: Bitcoin is Here to Stay, Price to Surge in Long-Term appeared first on NEWSBTC.

Kyle Bass, the prominent US-based hedge fund manager and the founder and principal of Dallas-based hedge fund Hayman Capital Management, believes bitcoin as a digital asset and currency is here to stay. During the Real Vision podcast with widely recognized author Grant Williams which focuses on the finance sector and discussions around smart investments, Bass … Continue reading Prominent Hedge Fund Manager: Bitcoin is Here to Stay, Price to Surge in Long-Term

The post Prominent Hedge Fund Manager: Bitcoin is Here to Stay, Price to Surge in Long-Term appeared first on NEWSBTC.

LAT Research – The Exponential Growth of Crypto Markets to $5 Trillion

latokenLATokens research team, formed by Deutsche Bank and McKinsey alumni, prepared the first LAT Crypto Research, outlining that total market capitalization of cryptocurrencies can reach $5 trillion by 2025, with asset-backed tokens driving the growth. To read the full report, follow the link, and we’ll share the highlights with you in this post. Total Market Cap to Reach $5 tn by 2025 Cryptocurrencies market capitalization has surged by 830% from last August, reaching $165 billion. The adoption rate of cryptocurrencies may be as high as that of cell phones and broadband Internet, thanks to advantages of blockchain, such as low transaction costs, security, transparency,

latoken

LATokens research team, formed by Deutsche Bank and McKinsey alumni, prepared the first LAT Crypto Research, outlining that total market capitalization of cryptocurrencies can reach $5 trillion by 2025, with asset-backed tokens driving the growth. To read the full report, follow the link, and we’ll share the highlights with you in this post.

Total Market Cap to Reach $5 tn by 2025

Cryptocurrencies market capitalization has surged by 830% from last August, reaching $165 billion. The adoption rate of cryptocurrencies may be as high as that of cell phones and broadband Internet, thanks to advantages of blockchain, such as low transaction costs, security, transparency, ease of cross-border transactions etc.

By that time crypto wallet penetration can exceed 5% of the world’s population, as the adoption rates of new technologies has significantly accelerated at the beginning of the 21st century. To illustrate, the number of crypto wallets has doubled every year since 2013.

The average wallet size today is $9,835. We expect that by 2025 the average wallet size can exceed $12,000, bringing total cryptocurrency capitalization to $5 trillion. Demand for crypto will be driven by the emergence of less volatile asset cryptocurrencies.

Asset Cryptocurrencies Will Drive the Growth

According to LAT Crypto Research, market capitalization of asset cryptocurrencies, also known as asset-backed tokens, can account for at least 80% of the total market by 2025. As their value is linked to asset prices, ranging from equities and commodities to real estate and works of art, they combine the benefits of blockchain with advantages of investing in hard assets, like greater stability.

Today volatility of crypto markets often makes investors reallocate funds from their crypto portfolios back into fiat and hard assets. Asset cryptocurrencies provide them with an attractive alternative of getting the same exposure while saving costs of conversion from crypto to fiat. They may become indispensable for crypto portfolio diversification.

Notable examples are tokens linked to fiat currencies are Tether (linked to USD), Digix (linked to precious metals) and tokenized shares of blue chips, along with oil and gold listed at the LAT Platform. LAToken analytics expect the value of asset cryptocurrencies to exceed $4 trillion by 2025, driving the growth of the crypto markets.

Trading Volume of Asset Cryptocurrencies to Reach $40 tn by 2025

According to LAT Crypto Research, trading volume of asset cryptocurrencies can exceed $40 trillion by 2025, while in a longer perspective it can exceed the capitalization of the traded assets by 10+ times. The current overall value of the major asset classes today is $600 trillion, thus the trading volume potential of asset cryptocurrencies could reach as much as $6 quadrillion.

Meanwhile tokenization of previously illiquid assets increases their market value by 10–40% as illiquidity costs vanish. High illiquidity costs make asset tokenization a very attractive opportunity for asset owners.

LAToken is the first multi-asset tokenization platform.

We already launched trades of Real Estate LAT backed by ETF at the LAT Platform. You can buy it in your Wallet along with the shares of Apple, Tesla, Google and other blue chips, as well as gold and oil, to diversify your crypto portfolio with real assets without converting to fiat.

Disclosure: This is a sponsored article.

Ethereum Price Technical Analysis – ETH/USD To Surge Higher?

Key Highlights ETH price is slowly moving higher and currently trading near $301 against the US Dollar. There are two bearish trend lines with resistance near $303 forming on the hourly chart of ETH/USD (data feed via SimpleFX). A break and close above $303 could take the price towards the next resistance near $318.50. Ethereum … Continue reading Ethereum Price Technical Analysis – ETH/USD To Surge Higher?

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Key Highlights ETH price is slowly moving higher and currently trading near $301 against the US Dollar. There are two bearish trend lines with resistance near $303 forming on the hourly chart of ETH/USD (data feed via SimpleFX). A break and close above $303 could take the price towards the next resistance near $318.50. Ethereum … Continue reading Ethereum Price Technical Analysis – ETH/USD To Surge Higher?

The post Ethereum Price Technical Analysis – ETH/USD To Surge Higher? appeared first on NEWSBTC.

MobileGo Price Technical Analysis for 09/12/2017 – Another Day, Another Loss

MobileGo continues to rake in losses versus counterparts bitcoin and ethereum as news of China shutting down exchanges has weighed heavily on investor sentiment.

The post MobileGo Price Technical Analysis for 09/12/2017 – Another Day, Another Loss appeared first on NEWSBTC.

MobileGo continues to rake in losses versus counterparts bitcoin and ethereum as news of China shutting down exchanges has weighed heavily on investor sentiment.

The post MobileGo Price Technical Analysis for 09/12/2017 – Another Day, Another Loss appeared first on NEWSBTC.

Ripple Price Technical Analysis – Can XRP/USD Break This?

Key Highlights Ripple price made an attempt to settle above the $0.2250 resistance against the US Dollar, but failed. Yesterday’s highlighted descending channel with current resistance at $0.2230 on the hourly chart of XRP/USD (data source from Kraken) is intact. The price needs to settle above the $0.2250 level in order to gain traction. Ripple … Continue reading Ripple Price Technical Analysis – Can XRP/USD Break This?

The post Ripple Price Technical Analysis – Can XRP/USD Break This? appeared first on NEWSBTC.

Key Highlights Ripple price made an attempt to settle above the $0.2250 resistance against the US Dollar, but failed. Yesterday’s highlighted descending channel with current resistance at $0.2230 on the hourly chart of XRP/USD (data source from Kraken) is intact. The price needs to settle above the $0.2250 level in order to gain traction. Ripple … Continue reading Ripple Price Technical Analysis – Can XRP/USD Break This?

The post Ripple Price Technical Analysis – Can XRP/USD Break This? appeared first on NEWSBTC.

AI-Driven Drones may Soon Assist Humans to Inspect Heavy Industrial Equipment

TheMerkle Drones AI Industrial EquipmentDrones and other AI-driven technology can make a big impact when it comes to security. These gadgets can be used to remotely monitor critical infrastructure, including oil rigs and other heavy industrial facilities. NVIDIA has teamed up with Avitas Systems to explore these options further. Combining artificial intelligence, drones, and analytics to enhance infrastructure inspections makes a lot of sense. AI and Drones to Inspect Infrastructures Very few inspectors look forward to performing checks on an oil rig or climbing up a cell signal tower to see if everything is still operating perfectly. Inspection work can be incredibly dangerous, especially

TheMerkle Drones AI Industrial Equipment

Drones and other AI-driven technology can make a big impact when it comes to security. These gadgets can be used to remotely monitor critical infrastructure, including oil rigs and other heavy industrial facilities. NVIDIA has teamed up with Avitas Systems to explore these options further. Combining artificial intelligence, drones, and analytics to enhance infrastructure inspections makes a lot of sense.

AI and Drones to Inspect Infrastructures

Very few inspectors look forward to performing checks on an oil rig or climbing up a cell signal tower to see if everything is still operating perfectly. Inspection work can be incredibly dangerous, especially on these kinds of structures. Rather than putting human workers in danger, NVIDIA and Avitas Systems plan to do things very differently. Both companies will combine drones with AI and analytics to perform checkups in heavy industrial facilities.

NVIDIA has been making a lot of waves within AI research and development. The company’s DGX-1 and DGX Station AI computers have been documented by the media multiple times over the past year or so. These devices will be equipped with Avitas Systems’ inspection services. Artificial intelligence is NVIDIA’s “secondary” market, so to speak. This new partnership further solidify the company’s efforts in the industry.

Avitas has been working on its own AI software for about a year. Their bread and butter is to optimize robots or even drones allowing them to fly around industrial infrastructure and perform video surveillance. This video material will be analyzed by the company’s AI to find defect flaws or other problems accordingly. It removes the need to make inspectors risk their lives. It will not even take away jobs from humans, as these tools are designed to enhance the capabilities of human inspectors.

As opposed to human operators, AI-driven tools make decisions based on the video material they see. A human inspector needs to equip team members with sensors, use helicopters when dealing with tall buildings or oil rigs, and even put people in harnesses to assess the damage. All of these situations are extremely dangerous and can easily be avoided by using drones, robots, and artificial intelligence. With the help of NVIDIA, the company hopes to make more progress in this industry over the coming months and years.

Human inspectors may not always be able to spot defects or lingering issues with the naked eye. A drone, equipped with a video camera to broadcast material back to a computer running an AI solution, can export data in a very different manner. Using this technology to one’s advantage will make it easier to determine when equipment needs replacing. Such a tool can prove to be invaluable.

NVIDIA’s DGX-1 and DGX Station systems will be used to train and enhance Avitas’ AI solutions. There will be a strong focus on automated defect recognition. The end goal is to make it easier to recognize defects without requiring staggering amounts of computing power. NVIDIA can provide a lot of raw computing power to ensure these trials go according to plan. In the end, these drone and AI-driven solutions will cut inspection costs by 25% or slightly less. It will be interesting to see if all parties can deliver on this promise.

The imperative for self-sovereign identification

I’m making a presentation on cybersecurity this week at our Nordic Finance Innovation meetings. This meant preparing a few new slides from scratch as I don’t have a set deck for cybercrime, and sat and started ideas just as the news dropped about the Equifax breach. You’ll all know about this by now, but over 143 million Equifax accounts were hacked during June-July 2017, including customers’ social security numbers, name, address, date of birth, driving licence and other sensitive info. In other words, all the information you need to open new accounts and access existing accounts.

I’m making a presentation on cybersecurity this week at our Nordic Finance Innovation meetings. This meant preparing a few new slides from scratch as I don’t have a set deck for cybercrime, and sat and started ideas just as the news dropped about the Equifax breach. You’ll all know about this by now, but over 143 million Equifax accounts were hacked during June-July 2017, including customers’ social security numbers, name, address, date of birth, driving licence and other sensitive info. In other words, all the information you need to open new accounts and access existing accounts.

Bitcoin Cash Price Technical Analysis – BCH/USD Failed Upside Attempt

Key Points Bitcoin cash price bounced from the $550 low against the US Dollar, but failed to break $620. There is a crucial bearish trend line with resistance at $610 forming on the hourly chart of BCH/USD (data feed from Kraken). The price is once again testing the $550 support and remains at a risk … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Failed Upside Attempt

The post Bitcoin Cash Price Technical Analysis – BCH/USD Failed Upside Attempt appeared first on NEWSBTC.

Key Points Bitcoin cash price bounced from the $550 low against the US Dollar, but failed to break $620. There is a crucial bearish trend line with resistance at $610 forming on the hourly chart of BCH/USD (data feed from Kraken). The price is once again testing the $550 support and remains at a risk … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Failed Upside Attempt

The post Bitcoin Cash Price Technical Analysis – BCH/USD Failed Upside Attempt appeared first on NEWSBTC.

Only 802 People Paid Taxes on Bitcoin Profits, IRS Says – CoinTelegraph


CoinTelegraph

Only 802 People Paid Taxes on Bitcoin Profits, IRS Says
CoinTelegraph
Talk about investing in Bitcoin and the news of people becoming ‘bitcoinnaires’ are almost everywhere these days – newspapers, TV’s, radio, and the Internet. However, one thing is missing from these stories: the tax man.

and more »


CoinTelegraph

Only 802 People Paid Taxes on Bitcoin Profits, IRS Says
CoinTelegraph
Talk about investing in Bitcoin and the news of people becoming 'bitcoinnaires' are almost everywhere these days – newspapers, TV's, radio, and the Internet. However, one thing is missing from these stories: the tax man.

and more »

Bitcoin Price Technical Analysis for 09/12/2017 – Head and Shoulders Completed

Bitcoin price could be due for a big selloff if it breaks below the head and shoulders neckline around $4200.

The post Bitcoin Price Technical Analysis for 09/12/2017 – Head and Shoulders Completed appeared first on NEWSBTC.

Bitcoin price could be due for a big selloff if it breaks below the head and shoulders neckline around $4200.

The post Bitcoin Price Technical Analysis for 09/12/2017 – Head and Shoulders Completed appeared first on NEWSBTC.

NEM Partners With Malaysian Digital Economy Corporation

NEM launched its Blockchain center in Malaysia in partnership with Malaysian Digital Economic Corporation (MDEC), the government’s branch for its digital efforts.

NEM launched its Blockchain center in Malaysia in partnership with Malaysian Digital Economic Corporation (MDEC), the government’s branch for its digital efforts.