Blockchain Used As Tool In Food Security

New york city: The food industry is looking at the same technology employed by virtual currencies to strengthen food safety and inventory management by monitoring meats and crops from farm to table.

Operating with IBM, retail large Wal-Mart Stores is examining the technology system on mangos in the Unified States and pork in China.

Blythe Masters: Is Blockchain Secure?

Blockchain is the strongest form of security the electronic world has to offer today. CEO of Digital Asset Holdings, Blythe Masters, talks about how financial institutions can build a trustable, shared infrastructure to revolutionize their business.

UK Charity Uses Blockchain Platform to Create Trust in Donations

English Heritage, the U.K. charity which oversees the care of historical sites like Stonehenge and Hadrian's Wall, is seeking to blockchain for a means to develop new ways of interacting with donors.

The charity is partnering with the Giftcoin system, which can be utilized to track donor obligations in the time they've been gifted to if the funds are actually been invested.

English Heritage increased $2.5 million (approximately $3.5 million) in donations between 2015 and 2016, according to statements.

The charity itself is relatively youthful, generated when a non-departmental public body of this U.K. government of the same name was split into two entities, the next of which is Historic England.

Within an email, to CoinDesk, English Heritage development manager Luke Purser framed the movement as one aimed at facilitating new ways to work with donors.

"As a new charity, we're keen to explore innovative ways of engaging with the broadest audience of donors potential, and we are eager to build relationships with donors based on transparency and trust - Giftcoin might be one way of helping us to do this," he explained.

Giftcoin said in a statement that the technology will also be employed with the aim of attracting millennial donors "in a digital era at which confidence, in charity and good causes, seems to be at an all-time low"

The company's public market is now underway, and it claims to have increased $1.27 million up to now.

BTC And Ethereum In Numbers

Why Is The Market Red? - When Will CryptoCurrency Bounce Back?

The cryptocurrency market is in the red, when will the crypto market bounce back? CryptoCurrency News!

Bitcoin Goes Down to $7,840 As Cryptocurrency Market Slides

The valuation of this cryptocurrency market, which hovered close to the $470 billion mark merely two weeks ago, has dropped to $313 billion, as major cryptocurrencies including bitcoin fell in value.
Bitcoin Price Down

Over the past 24 hours, the price of bitcoin dropped from $8,600 to $7,840, by nearly $800. While trading volumes of most important cryptocurrencies across major exchanges stay low overall, bitcoin's daily trading volume has been relatively low, with market volumes intensifying on exchanges such as Bitfinex and Bithumb.

Yesterday, on March 16, CCN reported that although many analysts within the cryptocurrency sector and traditional finance sector unanimously agree on an optimistic long-term cost tendency for the cryptocurrency industry, the majority are doubtful towards the short-term momentum of bitcoin, awarded that the 70 percent correction it's endured since January.

After dropping below the $6,000 mark and falling from $19,666 to $5,920 by documenting a 70 percent fall in value, the maximum dominant cryptocurrency in the global marketplace has shrunk into the $7,000 region, and briefly achieved $11,600 final week.

However, as exhibited by means of a cryptocurrency analyst better known as Wolf of Crypto below, it's important to acknowledge that bitcoin has endured the third-worst accident in its history, supporting the 83 percent crash from $259 to $43 in April 2013, along with the 87 percent crash from $1,163 to $152 throughout late 2013 and 2014.

However, as demonstrated by means of a cryptocurrency analyst known as Wolf of Crypto below, it is important to admit that bitcoin has endured the third-worst accident in its history, supporting the 83 percent crash from $259 to $43 in April 2013, along with the 87 percent crash from $1,163 to $152 throughout late 2013 and 2014.

If speculators and investors anticipate 10 to 100-fold returns, it's only sensible to also expect 50 to 80 percent decline in worth, given that volatility exists going up and down. Moreover, the cryptocurrency marketplace remains at its early phase; not enough retailers have adopted cryptocurrencies as a payment method, and insufficient jobs have shown commercial achievement to demonstrate their potential to revolutionize trillion-dollar industries.

It is difficult for any major cryptocurrency to recover from its current 70 percent correction because this time, investors in the mainstream and public markets have been damaged by the decrease in the price of cryptocurrencies. Formerly, cryptocurrencies were considered to be an up-and-coming asset class with the capability to be worth several trillions of dollars later on.

Now, a little portion of investors that experienced considerable losses in the latest correction sees the market as a bubble and as a failed chance, despite the optimistic comments of some of the finance and technology industries' largest names, including Peter Thiel and Alan Howard.

The mainstream media is leading to the constant decline in the value of bitcoin, by offering predictions that can be considered absurd, given that the lack of basis for them. As an example, a recent coverage by Bloomberg claimed the price of bitcoin would probably fall to $2,800, without providing evidence or indication of some type.

Filing Cryptocurrency Taxes

one of the most commonly heard questions is whether or not bitcoin handling can be taxed. Over within the usa, the answer to that matter is “yes”, and submitting taxes can be pretty complicated. fortunately, there are a few useful tools to make this method a lot quicker. however, for those people who need to do things by hand, there are some matters to keep in mind.

1. CRYPTOCURRENCY TRADING
2. ONLINE COMMERCE
3. GIFTS
4. STOLEN OR LOST FUNDS

Bitcoin, Altcoins and Taxes - Capital Gains Tax and Coinbase

 Just want to bring some awareness to taxes when it comes to bitcoin, altcoin etc transactions like withdrawals, sales, conversions, mining etc. Currently a lawsuit is in the works involving the IRS and Coinbase where the IRS is trying to get Coinbase to release information on United States customers.

The Truth About Who Really Owns Crypto At Tax Times

Other cryptocurrency and Bitcoin is a haven for federal tax purposes. That may be painful since any transfer of land can trigger taxes. Even crypto to get crypto swap can't qualify as a tax-free 1031 exchange, according to the Tax code.

For tax purposes, transfers are treated as earnings unless you can find another way of moving cryptocurrency tax-free. The event that the Internal Revenue Service considers crypto as property may prompt you to look at the idea of possession.

If you are holding crypto for somebody else, is it really yours, or not? To put it differently, if you're holding the crypto for the benefit of someone else, who must pay the taxes? The answer may be not 100% clear.

Begin with the proposition that income tax liability is allocated based on ownership under local law. The issues could be intensely factual. Who must pay can turn on who has control over and benefits and benefits of their property. The identical thing can occur with bank accounts.

There may be one nominal owner, but the cash might effectively be held in trust for someone else. Who must pay tax upon the interest, can be problematic. To make things more complicated, local law ownership and beneficial ownership aren't necessarily the same. The IRS can attempt to taxation the beneficial owner of an account, regardless of the individual's rights to the capital under the prevailing law. Federal income tax liability is presumptively allocated based on the regulation of this prevailing foreign jurisdiction.

However, the IRS and the courts frequently look past the local legislation to impose taxes to the party who's the beneficial owner. In one instance a person was subject to income taxation as the owner of a bank account, although he was not the owner of the account under the law. Conversely, if you are merely holding something like a broker, you shouldn't be taxed.

If anyone "holds legal title to the property as an agent, then for taxation purposes the principal and not the owner," one taxation case put it. A nominal owner isn't the owner for federal income tax purposes.

Generally, income should be taxed to the main, even if the agent is a joint signatory. The Supreme Court explained that "the legislation attributes tax implications of land held by a genuine agent to the principal." The Court enunciated a three-part service haven. Under it, you will not be treated as the owner for tax purposes if:

1. A written service agreement is entered into with the agent contemporaneously with the purchase of the asset;
2. The agent will be held out as only an agent in all transactions with third-parties concerning the asset.
3. The agent functions exclusively as an agent concerning the strength at all times;

What if you do not fulfill all three of those conditions? Fortunately, the Tax Court has said that these factors are non-exclusive. An oral agency agreement might suffice, although in the event that you're at a tax battle, you surely need to own it in writing.

 

Assuming a genuine agency, the agent should not face taxes on earnings over which he has no control and no valuable right. The Tax Court has defined beneficial ownership as the "liberty to dispose of their accounts' funds at will." Courts may weigh variables including: (1) which party appreciates the economic benefit of the property; (2) which party has possession and control; and (3) the intent of the parties.

The citizen opened four bank account in the names of his four kids. He deposited money into the accounts but later withdrew it to ease his own market ventures. He proceeded to claim that his children owned the four accounts, so he didn't report some of the income they created.

The IRS said taxes were due, but the father argued that the accounts were exclusively for the sake of his children. He claimed that the withdrawals were only loans and could be repaid. Not surprisingly, the Tax Court decided that the dad was the beneficial owner. Therefore he needed to pay the taxes. The court concluded that:

"Our finding this relies on the identity of the legitimate owner of the income-producing property. In this inquiry, we look not to mere lawful title, however to beneficial ownership. It's control over the property or the enjoyment of its economic benefits, that marks the actual owner. When trades are between family members, special scrutiny of this arrangement is necessary, lest what is in reality but one economic unit is multiplied into two or even more."

"While we don't doubt the sincerity of [the citizen's] long-term goals, we nevertheless have discovered that [the citizen] owned the accounts in question throughout the years in question. The circumstance that [the citizen] might have seen the funds as the ultimate property of the children doesn't alter the essence of this dominion and control he exercised over these funds through the years in issue. [The citizen's] access to, and use of, the cash in the children's bank accounts to ease his own small business ventures set him as the constructive owner of those funds. As such, we maintain that he is subject to tax on any income earned on the children's accounts..."