Top 5 News For Today — 02 MAR 2018
Summary:
BTC and ETH purchases can now be made via newsagents in Australia, for just a 5% fee; While Ripple signs two new partners, two indian exchanges will shut their trading services; Hard Fork fever now reached Monero as MoneroV (XMV) is scheduled for March 14; Germany will not claim additional taxes when cryptocurrencies are used for purchases; Weeks after Petro had been announced, a total of $3bn were invested from 127 countries (at least their president says so)
BONUS Thread of The Day
Electroneum and Samsung Partnership Is a Possibility.
1. BTC & ETH Now Available Via Newsagents in Australia
Great news for crypto supporters come from Australia. Bitcoin.com.au, an Australian company, that provide cryptocurrencies purchases with their platform, have integrated their system with 1200 newsagents in Australia. Only BTC and ETH are available with a 5% fee with a minimum of $50. While most of the countries are suspicious about cryptocurrencies in general, Australia makes a big move, proving cryptos are here to stay.
2. Two Indian Exchanges Suspended as Ripple Gets a New Partners
BTCIndia and ETHEXIndia exchanges announced their cease of trading by March 5. With too much pressure coming from governing bodies, these exchanges realised they will be more safe not allowing to trade. On the other hand, DLT and particularly Ripple.net are of interest to Indian Bank. They will investigate the possibilities of quick financial transfers for their good.
While we are on Ripple topic, a payment provider Fleetcor has also agreed to pilot Ripple system. None of this, however, has yet influenced XRP price (as of yet).
3. Monero Hard Fork for MoneroV
Hard forks are very common these days. Following Litecoin fork earlier in February, Monero has scheduled their hard fork for March 14. Hackers beloved cryptocurrency will see some technical improvements as well as inability to ASIC chip mine new MoneroV currency, and to the contrary of original Monero, only 256mln XMVs will be released. 1 XMR = 10 XMV
4. Germany Will Not Tax Crypto Purchases
Recent guidelines, from Germany’s Ministry of Finance, state that cryptocurrency purchases will not be taxed additionally. This is in direct contrast with US Internal Revenue Service. In simple words, if Americans buy a coffee with crypto, then capital gain tax will be applied, as the purchase technically considered as a sale of property. Germany will not apply those rules.
5. Venezuela Claims $3bn Have Been Raised
Another big statement from President Moduro had been made. 171015 purchases from 127 countries were made during a pre-sale round, totalling to $3bn. Coins are not yet distributed as a public sale of Petro coin is still to come. Time will tell whether this is just a fancy way of promoting own currency or this is actually true.
BONUS Thread of The Day
Electroneum may actually have partnered with Samsung. But these are just rumours at the moment.
This is it for today.