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bitcoin, Charities, charity, crypto, currency, digital - March 14, 2018

Charities Accepting Digital Currency is the Way Forward

Beyond the speculation surrounding cryptocurrency and the rise of its popularity, more charities are now accepting this virtual asset and more platforms like Givewithnothing are boosting the process. Does it help them and can they gain extra donations by accepting it? In a fast-paced digital landscape, it’s become the land of all possibilities and it was almost inevitable for its own currency to form. Initially, cryptocurrency came to light through its use on the Internet’s dark web, but its intended use through blockchain technology makes it appealing. Blockchain is a decentralized public ledger that records every ownership and transaction...

Can Bitcoin Become a Global Reserve Currency? John Oliver Weighs In

The future value of Bitcoin has always been an intriguing topic of debate. Any prediction associated with this notoriously volatile cryptocurrency will always generate a backlash. John Oliver, the host of HBO’s Last Week Tonight, is a bit on the fence in this regard. More specifically, he claims Bitcoin can be either worthless or billions very soon. John Oliver and Cryptocurrency It is always refreshing to see a new talk show regarding cryptocurrency. Although this is just one episode of Last Week Tonight, it does raise a lot of interesting questions. More specifically, John Oliver touched upon some very intriguing topics during...

Israel Confirms It Will Tax Bitcoin as Property

Israel's government confirmed Monday that it would treat bitcoin and other cryptocurrencies as a kind of property for tax purposes. The notice confirms past indications that the Tax Authority will regard cryptocurrencies as "a property, not a currency", making it therefore taxable as such. The Authority's position was first detailed in a draft circular issued in January of this year. The circular explains that profits from cryptocurrencies will be subject to capital gains tax at rates between twenty percent and twenty-five percent, while individuals mining or trading cryptocurrencies in connection with businesses must pay a seventeen percent value-added tax (VAT) in addition to capital...

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