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Declare the Side Hustle — Americans Are Concerned About the 1099-K Tax Rule for Payments Over $600
10.6.2022
Americans are worried about a new tax reporting requirement that will force applications like Venmo, Cash App, Paypal, Airbnb, and Ebay to send 1099-K forms to users. The U.S. Internal Revenue Service (IRS) is specifically focusing on payments of $600 or more for goods and services received through...
Acquiring a Home With Bitcoin — A Deep Dive Into the Latest Crypto-Backed Mortgage Trend
24.5.2022
During the last few years, cryptocurrencies have been integrated into traditional finance tools like automated teller machines (ATMs), loadable debit cards, point-of-sale devices, and direct payments for all kinds of goods and services. Digital assets have also been added to retirement account...
Survey Shows 87% of Americans Are Stressed About Inflation and Rising Costs of Everyday Goods
21.5.2022
As the consumer price index (CPI), a measure of prices for goods and services, hit another all-time high in April reaching 8.3%, Americans are stressed out more than ever about inflation and money. A recent survey published by the American Psychological Association shows that 87% of U.S. residents...
India Considers Imposing 28% GST on All Crypto Transactions: Report
10.5.2022
The Indian government is reportedly considering imposing a 28% goods and services tax (GST) on all crypto transactions. “Currently tax is levied only on the part of the services provided by crypto exchanges. Subjecting the whole transaction to tax at a higher slab of 28% could give...
Ghana Central Bank Reiterates Warning Against Practice of Pricing Goods in Forex
12.4.2022
The Bank of Ghana has warned businesses and the public against the practice of demanding or making payments in foreign currency without its authorization. The central bank’s warning comes just over a month after Ghana’s currency was rated the worst performing among Africa’s...
Indian Parliament Member Asks Government to Tax Crypto Income More Than 30%
29.3.2022
An Indian parliament member has urged the government to increase the tax on crypto income from the current proposed rate of 30%, stressing that crypto trading is similar to gambling. He has also requested that the goods and services tax (GST) be imposed on the total transaction value of crypto....
Privacy Crypto Assets XMR, ZEC See Double-Digit Gains Amid Tightened Global Economy
13.3.2022
Over the last week, the United States and president Joe Biden’s administration tightened sanctions against Russia a great deal. The U.S. banned Russian energy imports, a number of other types of imported goods, and a series of harsh financial sanctions against Russia. In the midst of...
Pharmacy Chain CVS Files for ‘Crypto-Collectible’ and NFT Trademarks
6.3.2022
The American retail and pharmacy corporation CVS is looking to enter the metaverse according to trademark filings registered with the United States Patent and Trademark Office (USPTO). The filings mention things like CVS Health-brand “downloadable virtual goods”...
Shop Owner Arrested After Selling A Fake Pokémon Card And Displaying Three Phony Games
24.2.2022
The proprietor of retro game shop Alive Yokkaichi Tokiwa Store in Mie, Japan was put into police custody for allegedly selling a fake Pokémon card for around 2,200 yen ($19). The store’s 48-year-old owner Yukinori Harada was arrested for allegedly violating Japanese copyright law. As you can see...
McDonald’s Trademark Filings Hint at Fast Food Giant’s Intent to Produce Metaverse Restaurants
11.2.2022
Following a slew of well known brands filing trademarks for metaverse related products and virtual goods, the American fast food firm founded in 1940, McDonald’s, has filed for ten trademark applications that describe plans to offer virtual restaurants and other digital-based products....
McDonald’s Metaverse Moves: 11 Trademark Applications for 'Virtual Restaurant' & Virtual Goods
10.2.2022
American fast-food behemoth McDonald’s is the latest major brand to make a move into the metaverse by filing no fewer than twelve trademark applications on February 4, eleven of which make direct references to virtual restaurants, cafes, concerts, and other virtual services, goods, and events....
New Balance ‘Virtual Goods’ Trademarks Hint of Upcoming Metaverse and NFT Venture
1.2.2022
Following Adidas and Nike getting into the metaverse, the sneaker manufacturer New Balance seems to be prepping to launch virtual items tied to its products. The firm filed three trademark applications with the United States Patent and Trademark Office (USPTO) that describe “downloadable...
Thailand Announces Cryptocurrency Will Be Regulated as Means of Payment
26.1.2022
Thailand has announced that cryptocurrency will be regulated as a means of payment for goods and services “to avert potential impacts on the country’s financial stability and economic system.” The announcement was issued by the Bank of Thailand, the Thai Securities and Exchange...
US Senator’s Inflation Report Says ‘Its Only Going to Get Worse,’ Truflation Oracle Reveals True Inflation Rate
19.1.2022
America’s media, central bankers, and bureaucrats continue to debate the rising inflation in the U.S. that has raised the cost of living and increased the prices of goods and services nationwide. Senator Rand Paul, R-Ky., believes the inflation is “only going to get worse”...
Altcoins Gain Bigger Share in Payments, Crypto Spending on Luxury Goods Jumped in 2021 - BitPay
17.1.2022
Crypto payments processor BitPay says that the bitcoin (BTC) payments at merchants who use the company’s services dropped to 65% of all processed payments last year -- a decline from 92% in 2020. ...
Read More: Altcoins Gain Bigger Share in Payments, Crypto Spending on Luxury Goods Jumped...
US Inflation Rate Jumps Highest in 40 Years to 7%, Democrats Concerned Inflation Will Haunt the Party
13.1.2022
One of the hottest topics in the United States in 2022 is the rising inflation, as the U.S. Labor Department’s data published on Wednesday indicated that the consumer price index (CPI) rose to 7% in December. This represents the largest annual jump since 1982. Federal Reserve governor Lael...
GSI: The Blockchain Solution to the Problem of Water Pollution
7.1.2022
PRESS RELEASE. We work harder every year to increase production of the consumer goods that meet everyone’s needs, but in many parts of the world, water pollution, over-fishing and environmental degradation are making the job increasingly difficult (and dangerous). The world’s...
Indian Authorities Raid Cryptocurrency Exchanges for Tax Evasion
1.1.2022
India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges Saturday. Their offices were searched and “massive goods and services tax (GST) evasion has been detected by DGGI.” Tax Authorities Say Cryptocurrency Exchanges Have Been...
Ebay Alternative Platform Ethair Market Launches Its Token, Sellers Can Now Accept Crypto for Goods
23.12.2021
Ethair Market has listed ETHR token on Uniswap as a result of its first governance vote by the holders. Utilities of the token are directly tied to a user’s interaction with the marketplace. On top of the proprietary token, Ethair Market currently supports fiat and cryptocurrencies such...
About Purchasing Goods Using Cryptocurrency in 2022
23.12.2021
This year, electronic commerce activities experienced an uptick, and people started using cryptocurrencies to buy stuff online. Even Elon Tesla Billionaire Musk got his feet in the game. Just about everyone who can get into the industry has or is in the process of doing so. Several innovations...