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South Africa’s Tax Agency Targets Tax-Evading Cryptocurrency Traders South Africa’s tax agency is looking into methods for identifying tax-dodging cryptocurrency traders, the acting head of the authority has revealed. The South African Revenue Service (SARS) is studying ways to spot non-compliant cryptocurrency traders in order to investigate any scenario of failure to declare profits from investments, acting Commissioner Mark Kingon said while speaking at the Institute of Internal Auditors SA conference in Johannesburg recently. As reported by Fin 24, the official explained the need to identify crypto traders, stating: “The key thing is identifying people who are trading because it’s easy to say cryptocurrency gains must be deductible, but there are also those who lose. That’s why it’s important to identify the trader.”

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¿Qué son exactamente los contratos inteligentes o smart contracts?  En nuestra segunda edición conversaremos sus características y beneficios entorno a la capacidades para modular transacciones en función de los niveles de confianza de las partes implicadas, ¿conversamos? Reserva tu cupo en el link de nuestra BIO ¡Te esperamos!

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Kimchi Socks is a boutique brand that's been focusing on creating crypto inspired socks for the Blockchain community. As we continue to build and grow this company, we want to deepen our roots into the the Blockchain community. Because we believe in this technology ability to change the world for the better. Thank you for reading our post, like this photo, make sure you follow our IG, and check out the link in our bio. Finally the socks we made in this pic was inspired by the Blockchain company @spankchain. Please check out their profile and THIS IS NOT A PAID PROMO.

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A little

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150-Year-Old MetLife Pilots Diabetes Insurance Payments on a Blockchain in Singapore MetLife has started tests on an automated insurance solution that will see enrolled pregnant women in Singapore get an automatic payout in case they are diagnosed with gestational diabetes. Developed by LumenLab, the innovation center of MetLife Asia, the experimental product known as ‘Vitana’ will make it unnecessary for enrollees of the insurance cover to file a claim. According to MetLife, this is the world’s first automated insurance solution that employs blockchain technology in a pilot phase. Additionally, Vitana is the first insurance product focusing on gestational diabetes in Singapore where 20% of expectant mothers suffer from the condition. “In today’s world, people expect experiences to be simple, automated, and digital,” the CEO of LumenLab and the chief innovation officer of MetLife Asia, Zia Zaman, said in a statement. “We saw an opportunity to test how blockchain can make insurance more seamless and we’ve partnered with some of the best companies in their fields to create a blueprint to launch new parametric insurance products in the future.” Fast and Convenient With Vitana the electronic medical records of customers are securely connected via a mobile device before an insurance policy is issued within minutes. All that pregnant women in the first six months of the pregnancy need to do is download a mobile app. During the pilot phase, the maximum insurance coverage offered is SGD 2,500 (approximately $US 1,830). Vitana was developed within the regulatory sandbox of Monetary Authority of Singapore. Some of the firms that partnered with LumenLabs to develop Vitana included electronic medical records provider Vault Dragon, blockchain tech firm Cognizant and reinsurer SwissRe. Additionally, LumenLab is also partnering with the Singapore Medial Group Women’s Health besides other clinics.

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PLANO, TEXAS latest to jump in the Crypto Mining arena. Like it or not, experts in the cryptocurrency industry say it isn’t going away any time soon, and as long as it exists, so does the need for cryptocurrency mining. What’s cool about this operation is they have developed a new technology that cuts down on 90% of the energy consumption. For the most part, large-scale crypto mining operations are located in regions such as northern Iceland, China or Russia where temperatures are cool and electricity is cheap. Monnig, the CEO, said their system will now allow for crypto mining to take place anywhere in the world without sacrificing productivity. Their operation, a $77 million investment, will eventually be capable of drawing 100 megawatts. That’s enough to power about 50,000 homes.

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Tokens Record Losses as Major Cryptos Struggle; Bitcoin Stable at $6,500 Usually, stability in the Bitcoin price leads to an increase in the momentum of tokens. On August 21, tokens recorded the largest losses in the global crypto market. Tokens Unstable In the past 24 hours, tokens such as Tezos, Kin, Ark, Basic Attention Token (BAT), and Aelf (ELF) declined by 5 to 15 percent against both the US dollar and Bitcoin, demonstrating high volatility. Meanwhile, Bitcoin recorded its 14-month low monthly volatility, showing stability in the lower price range of $6,500. The dominant cryptocurrency recorded a slight gain of 0.2 percent as other major cryptocurrencies like Ethereum’s Ether, Bitcoin Cash, Ripple, and EOS recorded losses.

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BREAKING NEWS (CHINA): WeChat bans top

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A new ride-hailing service has just emerged in Singapore, and it’s the first of its kind. TADA, which means “let’s ride” in Korean, is a blockchain-enabled mobile app that claims it has zero commission fees for its drivers. Earlier this year, MVL raised around $16 million through its initial coin offering (ICO) and has been using these funds to build out the platform. TADA is built on the blockchain, which tracks and gathers data on all vehicles on its platform. Users on the platform have all consented to have their data sold to researchers or transportation companies for revenue in the future. “TADA is just one example of a service that runs on top of our blockchain protocol,” Woo said. “The app will have a similar user experience for both drivers and riders, but underneath, it is supported by blockchain technology that tracks and saves all the driving data.” However, the real selling point for riders will most likely be hinged on the cost of the trips and how quickly they can hail a car—rather than being built on blockchain technology. For drivers, the platform’s security, privacy, and efficiency may be a selling point. “Quality matters at the end of the day. People could be open to trying out alternatives but the question of whether they are going to keep trying remains,” Mr. Amit Zavery, VP of Oracle Cloud Platform, told Channel NewsAsia.

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Cuando emprendes no siempre la gente que quieres estará contigo. Pero continúa.

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🗓 21 August 2018, Tuesday ⠀ TOP-5 of cryptocurrency news: ⚡️Coinmetro, an Estonia-licensed crypto exchange, has announced it secured liquidity for trading in EUR, USD, JPY, and GBP from a number of payment and e-money institutions. ⚽️ Online investment platform eToro has inked a deal that will see it use bitcoin to pay for sponsorship at seven Premier League soccer teams. 💥 SBI Holdings has an announced that it has made an additional investment in Lastroots, an exchange that was issued a business improvement order earlier this year by the Japanese FSA. ⚖️ Former BitConnect India head Divyesh Darji was arrested at Indira Gandhi International Airport in New Delhi. 👀 Following reports of Bitmain closing a $1 billion pre-IPO investment round, some notable investors have disputed their alleged participation. ⠀ TOP-5 of cryptocurrency events: 1. PolicyPal Network: Listing on Cryptology 2. TomoChain: Listing on Cryptology 3. Libra Credit: Listing on BitMax 4. New Power Coin: Listing on IDCM 5. IoT Chain: AMA on YouTube ⠀ Market Cap: $209 236 086 620 ⠀ BTC Dominance: 53.0% ⠀ Good luck with funding among with Foundico.com! ➖ ➖ ➖ ➖ ➖ ➖ ➖ ➖ ➖ ➖ ➖ ➖ ➖ ➖ ➖

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South Korea Lawmakers Discuss ICO, Cryptos During Extraordinary Session: Report South Korea has commenced an extraordinary session in the National Assembly to discuss regulation and measures to promote the cryptocurrency industry alongside ICO guidelines to eventually overturn the ongoing ban. According to a Business Korea report on Monday, the short session – extraordinary sessions cannot exceed 30 days – in South Korea’s National Assembly will see relevant standing committees and lawmakers from parties across the political spectrum ‘discuss measures to promote the blockchain and cryptocurrency industry and create a guideline on initial coin offerings (ICOs)’. The developments come at a time when lawmakers hasten to fast-track domestic regulations for the cryptocurrency sector with draft bills expected to be submitted during the session.

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Blockchain Focus Coinbase exchange crumbles as trading volumes plummet by 83% since January Read more: https://bit.ly/2BtxtPx  @coinbase #blockchain cryptocurrencypic.twitter.com/24qDHSlH1y
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Bitcoin Hastag @2018