CRYPTO TALKS

Bitcoin (BTC) and the cryptocurrency industry have gained  popularity  in recent months, in tandem with Bitcoin’s  price journey  up to $50,000 and beyond. Given the likely influx of new market participants, here are five things I would have liked to know when I became interested in the industry years ago.  Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Bitcoin Can Be A Currency Or A Store of Value Essentially, Bitcoin is a way to send value from one person to another, without needing to provide sensitive details, such as banking information and credit card numbers. Although it began as a transactional currency, as  detailed  in its original description published in 2008, Bitcoin has become  known  more as of a store of value asset similar to gold in recent years. Bitcoin is easy to move, borderless and is not tied to any...

Ethereum (ETH)   fans are celebrating the news that Ethereum scaling solution,   Optimism , is now set to launch on the network's mainnet next month, ahead of schedule. But what does this mean both for Ethereum and its users? "Mainnet in March. Scaling is coming to Ethereum,"  commented   SetProtocol  product marketing manager Anthony Sassano on the latest  announcement  by Optimism: the team has said that they'll be launching arbitrary contract deployment on mainnet in March instead of public testnet, with details to follow.  So what's the big deal? Layer 1 (L1) is the base protocol (the Ethereum blockchain), while Layer 2 (L2) is any protocol built on top of Ethereum. Optimism is an L2 scaling solution, which allows for the Ethereum mainnet to be 'unburdened' from the great number of transactions it has to process. It uses optimistic rollups to achieve lower fees and latency, as well as greater throughput compared to Ethereum L1 alone. The team ...

The Spanish Tax Agency – known in the nation as the Hacienda – has announced its intentions to step up its monitoring of crypto, and will move to force citizens and residents alike to declare their bitcoin (BTC) and altcoin holdings, even if those are held on overseas-based platforms. Per El Economista, the Hacienda has recently outlined its plans for 2021, and appears to suggest that it will apply Modelo 720 rulings to crypto holdings as of this year. The Modelo 720 is a declaration of overseas assets, held outside Spanish territory. Citizens must complete and submit the form if they are receiving money from companies based overseas, hold real estate outside the country or keep bank accounts in other nations. And now, this declaration will be applied to crypto and digital assets, as the body also “expands its surveillance” and will demand crypto holders hand over information on their assets. The much-maligned Modelo 720 system has come under fire from political rivals and critics,...

Guaranteed Solution to Crypto - Assets Investments Recovery and Bitcoin Chargeback!   DaTRek Recovery Company A fter a series of interactions and one-on-one meetings with Top security agencies and authorities worldwide such as the SEC, FCA, BlackRock, FSA, KPMG, PWC to mention a few, we discovered that consumers are being increasingly targeted by crypto-asset related investment scams in the UK, US, Germany, Sweden, Italy. Certain crypto-assets, like Bitcoin and Ether (also known as cryptocurrencies) are not regulated. This means that buying, selling or transferring these crypto-assets falls outside the remit of these financial Assets Authorities. The same is true for the operation of a cryptocurrency exchange. However, some types of crypto-asset products may be or may involve regulated investments depending on their nature and how they are structured. For example, firms that sell regulated investments with an underlying crypto-asset element may need to be authorised ...

UK’s NHS Taps Blockchain Tech to Monitor Coronavirus Vaccine Cold Chain Hedera Hashgraph's blockchain platform will provide the health service with a tamperproof record of vaccine temperatures, the firm said. COVID-19 vaccine  -   Tanzeel Akhtar The U.K. National Health Service (NHS) is working with blockchain platform Hedera Hashgraph to monitor COVID-19 vaccines’ temperature while in cold storage. Asset-monitoring company Everyware will provide software to track the vaccines' temperature around the clock, while Hedera’s distributed ledger technology will provide the NHS with a tamperproof and efficient record of the data, according to a press release Tuesday. NHS facilities in the U.K.’s South Warwickshire, Stratford Upon Avon and Warwick hospitals region will be using the technology initially, with a wider rollout planned as vaccine distribution progresses. The vaccines need to be kept well below freezing in order to prevent spoiling, so accurate monitori...