• Binance Exchange has launched the Binance Tax service to aid easy taxation filing.
• The new service will be first rolled out in France and later globally.
• Users can access the tool for free as they prepare for the upcoming tax season.

Introduction

Binance Exchange has announced its latest product dubbed Binance Tax as it looks set to help its users adhere to local taxation laws.

Binance Tax Service

The Binance Tax service is a simplified product that is integrated with the exchange’s global platform. To access the tax service, Binance users will need to log into their accounts and navigate to the tax section. Users can then select from ‚Realized Capital Gains‘, ‚Income Gains‘, or ‚Transactions‘ and then this will then generate a downloadable tax report, with a summary of any gains or losses.

Benefits of Binance Tax

The hurdle that is attached to filing tax returns as it relates to cryptocurrencies is one that has largely prevented many from entering the crypto ecosystem. The difficulty in pooling crypto transactions for the effective filing of tax returns has also pushed many into the crosshairs with regulators in different jurisdictions. With the Binance Tax product making its debut in France, the exchange’s customers can access the tool for free as they prepare for the upcoming tax season.

Interoperability Feature

The launch of the Binance Tax product is bound to establish the digital asset trading firm as the biggest in the world. The new service is exclusive to the Binance platform, at least for now, as per stated by exchange . However, there are plans underway to integrate other wallets soon so that users on other exchanges can also benefit from this feature too..

Conclusion

The new product aims at making life easier for cryptocurrency investors by reducing their burden when it comes time to file taxes accurately and correctly according to local laws and regulations. With this new service launching first in France but expected eventually all around globe more people should feel comfortable getting involved in trading crypto assets knowing they have an easier way of handling their taxes properly

• Lead developer Shytoshi Kusama has confirmed that trillions of SHIB coins will be burnt with the release of the Layer 2 platform Shibarium.
• A single transfer of 3,312,307,240,798 Shiba Inu meme coins was recently detected by the crypto tracking platform Whale Alert.
• Currently, Shiba Inu (SHIB) is exchanging hands at $0.00001153 and is 0.43 percent down.

The Shiba Inu community is eagerly awaiting the launch of its Layer-2 scalability network Shibarium. Lead developer Shytoshi Kusama recently confirmed on discord that trillions of SHIB coins will be reportedly burnt with the release of the Layer 2 platform. This news comes at a time when the SHIB burn rate has been tanking and the one thing that’s holding up Shiba Inu from performing well is the massive supply and declining burn rate.

The crypto tracking platform Whale Alert recently detected a single transfer of 3,312,307,240,798 Shiba Inu meme coins between anonymous crypto addresses. On Thursday, the SHIB price rallied by 4 percet, however, fails to continue the momentum. The dog-themed crypto is still trading down from last week’s high of $0.00001273 when the SHIB price had jumped 20 percent in a day.

Currently, Shiba Inu (SHIB) has been exchanging hands at $0.00001153 and is 0.43 percent down. The memecoin has been struggling to break the $0.0001 level, as the SHIB market capitalization is currently around $5.5 billion. With the confirmation of Shytoshi Kusama that trillions of SHIB coins will be reportedly burnt with the release of the Layer 2 platform Shibarium, the SHIB community is hopeful that the burn rate of the coin will increase significantly and its price will reach $0.01 soon.

• LBank Exchange will list Speed Service Mobility (SSM) on January 27, 2023.
• SSM innovates the Electric Vehicle (EV) ecosystem by integrating various services such as EV charging, game, NFT, and more.
• The SSM/USDT trading pair will be officially available for trading at 7:00 UTC on January 27, 2023.

The global digital asset trading platform, LBank Exchange, is pleased to announce the listing of Speed Service Mobility (SSM) on January 27, 2023. Utilizing the power of blockchain technology, SSM has been able to innovate the Electric Vehicle (EV) ecosystem by integrating various services such as EV charging, game, NFT, and more. With the listing of SSM on LBank Exchange, the SSM/USDT trading pair will be officially available for trading at 7:00 UTC on January 27, 2023.

Speed Service Mobility (SSM) is a project that has been developed to revolutionize the Electric Vehicle (EV) industry and it has four main goals. Firstly, in order to address the issue of a shortage of EV chargers, SSM has applied their platform to existing personal chargers to convert them into shared chargers. This has enabled a shared community of users to be formed within the EV ecosystem. Secondly, SSM has implemented a token economics system which provides monetary (points/virtual assets) compensation or royalties to actively guide users to make positive changes and realize the construction of autonomous EV infrastructure. Thirdly, the chargers operated/managed by different charging operators can be organically linked with each other, creating a convenient environment for EV users. Lastly, SSM has created a game-changing NFT marketplace where users can easily buy, sell, and trade their NFTs.

With the listing of SSM on LBank Exchange, users will be able to take advantage of the SSM/USDT trading pair and enjoy the benefits of the innovative EV ecosystem. LBank Exchange is committed to providing users with a secure and seamless trading experience, and is looking forward to the listing of SSM on January 27, 2023.

• Meta Masters Guild (MEMAG) is a new mobile gaming guild that is launching a presale for its native token $MEMAG.
• The gaming ecosystem rewards community members for victories and participation.
• Players can convert Gems (in-game rewards) into $MEMAG tokens and cash them out into the best altcoins such as Ethereum or reinvest them into the ecosystem.

Meta Masters Guild (MEMAG) is a new mobile gaming guild that is introducing an exciting presale for its native token $MEMAG. MEMAG is a play and earn system that is designed to provide gamers with entertainment and rewards for their victories and participation. It is a revolutionary approach that is focused on sustainability and optimizing gamers‘ engagement.

The MEMAG ecosystem has allocated 35% of its 1 billion token supply to the presale. There are also 10% of the tokens allocated to exchange liquidity. Those who purchase the tokens during the presale will own an asset that increases in value as it enters the different stages of its presale.

The MEMAG team is on a mission to change the play-to-earn industry by creating games that will keep gamers coming back for more. All the MMG titles hosted on the platform will issue in-game rewards known as Gems. Players can convert these Gems into $MEMAG tokens and cash them out into the best altcoins such as Ethereum or reinvest them into the ecosystem. Players will truly own all the in-game assets received as rewards.

Reinvesting options include using the tokens to purchase in-game items like skins, or to buy new characters, weapons and so on. There are also opportunities to use the tokens to purchase exclusive access to tournaments, leagues and other events. MEMAG also plans to launch its NFT marketplace, where players can buy and sell virtual assets.

The MEMAG team is dedicated to building an ecosystem that provides gamers with rewards and entertainment, while creating a sustainable platform for the industry. With its presale now live, MEMAG is providing investors with a chance to own an asset that will increase in value as it enters the different stages of its presale.

• Cryptosat has launched its second satellite into orbit via SpaceX’s Transporter 6 mission.
• Named Crypto2, the satellite has 30x more computational power than Cryptosat’s previously launched satellite.
• The launch of Crypto2 marks an important step towards infrastructure expansion and the growing portfolio of use cases in Cryptosat’s development pipeline.

Cryptosat, a company that builds satellites that power cryptographic, blockchain, and ledger applications, has successfully launched its second satellite into space via SpaceX’s Transporter 6 mission. The mission, which was SpaceX’s first orbital launch in 2023, sent 114 payloads from operators in 23 countries, including Cryptosat’s Crypto2 satellite.

Crypto2 is equipped with 30x more computational power than its predecessor, Crypto1, which was launched back in May 2022. This increased computational power will significantly expand the number of clients that Cryptosat can serve simultaneously. According to Yonatan Winetraub, co-founder of Cryptosat, the launch of Crypto2 will enable the company to support a growing portfolio of use cases in their development pipeline.

The launch of Crypto2 marks an important milestone in the mass adoption of cryptocurrency and blockchain technology, thanks to the support of Elon Musk’s enterprises. This is the second-largest rideshare mission in history, and showcases the potential of satellite technology to support the growth of the blockchain industry.

Musk’s ventures have been increasingly involved in the crypto space, with SpaceX recently accepting Dogecoin as payment for a mission to the Moon. Cryptosat is also set to launch more satellites in the near future, in order to expand the capabilities of their current infrastructure.

The launch of Crypto2 is an exciting step forward for the crypto world, and a testament to the potential of satellite technology to revolutionize the blockchain industry. Cryptosat’s mission to expand the capabilities and reach of their infrastructure is a great example of the possibilities available in the ever-evolving world of cryptocurrency.

• Alameda Research, a trading firm founded by Sam Bankman-Fried, was reportedly insolvent by 2018 Spring with losses reaching up to 65 percent of its assets.
• The losses were caused by Alameda’s BTC arbitrage business drying up and wrong price predictions by its trading bot.
• The crypto bull market of 2021 helped Alameda recover, with it pulling in $1 billion in profits that year before declaring bankruptcy in November 2021.

It was a spectacular fall from grace to grass for Sam Bankman-Fried and his trading firm, Alameda Research. According to a recent Wall Street Journal (WSJ) report, Alameda’s troubles began four years ago when its BTC arbitrage business dried up due to rising transaction costs and a massive reduction in profits. Alameda had been buying BTC at lower prices and selling it in Japan, where the digital asset’s price was higher than everywhere else. This had enabled the company to make up to $30 million in profits.

However, the situation took a turn for the worse when the company’s trading bot made wrong price predictions, causing Alameda to lose lots of money. On top of this, Alameda recorded huge losses following its investments in the ripple payment network. By 2018 Spring, the trading firm’s losses had reached 65 percent of its assets, leaving it with only $30 million worth of assets.

Fortunately, the crypto bull market in 2021 helped Alameda recover, with it pulling in $1 billion in profits that year. However, this recovery was short-lived as the company eventually declared bankruptcy in November 2021.

The fall of Alameda Research is a reminder of the importance of proper risk management, especially in the volatile world of cryptocurrency. Despite Sam Bankman-Fried’s reputation as a successful trader and investor, Alameda’s lack of proper risk management led to its eventual downfall. As the cryptocurrency market continues to grow, it is important for investors to exercise caution and not to overlook the importance of proper risk management.

• The Metaverse is a new form of expression that is not limited by the real-world restrictions.
• Web2 is gradually killing freedom of expression, resulting in censorship, misinformation, and toxicity.
• Blockchain technology is seen as a potential solution to help protect and guarantee freedom of speech and expression across metaverses.

The Metaverse is quickly becoming a topic of discussion, with many speculating on the possibility of a decentralized Web3 and how freedom of speech and expression will be protected and guaranteed across interconnected virtual worlds. The Metaverse is seen as one of the most important inventions of the 21st century, allowing individuals to engage in a new form of expression not limited by the real-world restrictions implemented by centralized bodies.

The exponential growth of social media platforms and other ecosystems of user-generated content (UGC) are among the key drivers of Web2, however, over the years, Web2 has evolved into an ecosystem where freedom of expression is diminishing faster than ever. As a result, the collective internet is now grappling with censorship, misinformation, and toxicity.

The internet was originally intended to be open, transparent, and free for all. To help protect and guarantee freedom of speech and expression across metaverses, blockchain technology is seen as a potential solution. It is believed that blockchain technology can provide a reliable and secure way to verify the veracity of user-generated content and protect user privacy. Through its distributed ledger technology, blockchain can also facilitate the transfer of digital assets in a secure and transparent manner.

Ultimately, the metaverse is ushering in a new era of freedom of expression and creativity, and blockchain technology is the key to unlocking its full potential. By securely protecting user privacy and enabling the transfer of digital assets, blockchain technology has the potential to revolutionize the way we interact with the metaverse and create an ecosystem that not only protects freedom of expression but also empowers individuals to engage in creative activities.

• The Dogecoin Foundation has announced a 5,000,000 DOGE ($360,000) development fund, which will be distributed to developers who contribute to the Dogecoin Core.
• The funds will be held in a segregated multi-signature wallet, and will be run by members of the foundation.
• 500,000 DOGE will be distributed to developers after the Dogecoin Core records a minor or major advancement.

The Dogecoin Foundation recently announced a 5,000,000 DOGE ($360,000) development fund, which will be distributed to developers who contribute to the Dogecoin Core. This fund is meant to provide incentives for developers to continue their work on the Dogecoin Core and improve it. The foundation has also made sure that the funds are held securely, and will be managed by a group of members from the foundation.

The funds will be held in a segregated multi-signature wallet, and will be run by members of the foundation. This wallet will be supervised by chromatic (Dogecoin Core developer), Marshall Hayner, Patrick Lodder, Michi Lumin, and Ross Nicoll. The security of the funds is paramount, and the wallet cannot be accessed by any of the custodians as individuals or as a group. Furthermore, a custodian cannot nominate their successor, and the remaining custodians must unanimously agree on the appointment of the successor.

The Dogecoin Foundation has also announced that 500,000 DOGE will be distributed to developers after the Dogecoin Core records a minor or major advancement. The actions of each contributor will determine the reward size. This process will be completely transparent, and will ensure that developers are properly rewarded for their contributions.

The Dogecoin Foundation’s development fund is a great way to incentivize and reward developers for their hard work. This fund will ensure that the Dogecoin Core continues to improve and become a more stable and secure platform. It is also a way to show appreciation for developers, who work tirelessly to make the Dogecoin Core the best it can be.

• Stellar Lumens has launched a new platform called Stellar Aid Assist in collaboration with Circle, MoneyGram International, and the Vibrant wallet application to deliver financial aid to Ukraine.
• The platform is designed to ensure designated beneficiaries receive funds at the lowest cost possible and to reduce delays in aid delivery.
• The blockchain infrastructure of the Stellar protocol is used to offer instant and transparent aid to those who need it the most.

Stellar Lumens, a peer-2-peer decentralized network designed to connect the world’s financial ecosystem, has recently launched a new platform called Stellar Aid Assist. This platform is a collaboration between Stellar Development Foundation, Circle, MoneyGram International, and the Vibrant wallet application, and it is designed to deliver financial aid to Ukraine.

The goal of the platform is to make sure that designated beneficiaries are able to receive funds at the lowest cost possible, while at the same time reducing delays in the aid delivery process. To make this possible, the platform is using the blockchain infrastructure of the Stellar protocol. This allows for instant and transparent aid delivery to those who need it the most.

The platform is also designed to be secure and reliable, with the use of a multi-signature technology to ensure that funds are sent directly to the designated beneficiary. In addition, the platform is also offering customizable options for aid providers, allowing them to tailor the platform according to their needs.

The launch of the Stellar Aid Assist platform comes at a time when the world is facing some of the most extreme humanitarian crises in recent memory. With an estimated 5 billion people living in poverty and in need of assistance, the platform is a step in the right direction to help provide aid and relief to those who need it the most.

The platform is also expected to have a positive impact on the economy, as it will help to reduce corruption, as well as delays in the aid delivery process. This will help to ensure that the funds are being used to improve the lives of those who need it the most.

Overall, the launch of the Stellar Aid Assist platform is a huge step forward in the fight against poverty and humanitarian crises. With the use of the blockchain infrastructure, aid providers can now deliver funds directly to the designated beneficiary with transparency, security, and reliability. This will help to ensure that aid is being delivered to those who need it the most, and that the funds are being used for the intended purpose.