Bitmain Mining Company Bitmain can get $ 18 BN IPO, surpassing Facebook and more

With this, Unocoin, which recently launched the Unodax platform, intends to provide its users on Unodax with a secure and legal way to invest in digital assets.

TrueUSD (TUSD) is the first coin built on the TrustToken platform and 1 TUSD can be redeemed for 1 USD. The TUSD currency is traded for trading on global trade and is combined with a few important crypto-assets such as BTC (Bitcoin), ETH (Ethereum), BNB (Binance Coin), KRW (South Korean won) and USDT (Tether [19659002] Commenting on the offer of TrueUSD on Unodax, Sathvik Vishwanath, co-founder and CEO of Unocoin said: "After the RBI banned bank transfers for encryption and investments, we were looking for the plausible solutions to help our users continue HODL without interruptions and without problems. "

" With TrueUSD, we are pleased to present to our users a long-awaited stable trading plan for cryptographic operators the our Unodax exchange.Krypton enthusiasts can use this stable currency as a means of exchange for other crypto-assets and minimize their risks in a volatile market, "he added.

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Bitcoin Bitcoin Mining Company exceeds IP record Or of Facebook; May Fetch $ 18 Bn from the IPO

Founded by Jihan Wu and Micree Zhan in 2013, Bitmain Technologies, the leading Bitcoin mining company in Beijing, intends to present a listing request, Coindesk .

Having generated a profit of $ 3.4 billion last year, reports suggest that the IPO could reach $ 18 billion with Bitmain to be valued at $ 40-50 billion after IPO.

Expected to be listed on the Hong Kong stock exchange, potential investors who also participated in the pre-IPO and who should participate in the IPO are SoftBank and Tencent Music.

Proposal for a dictatorship of South Africa for cryptocurrency

While the interdisciplinary committee of India on cryptocurrency, formed in November, last year, has yet to present its report, the South Africa Revenue Service (SARS) has now proposed draft regulations that deal with the way cryptocurrencies are treated in the proposed country

the cryptocurrencies will continue to be treated as intangible assets and will therefore continue to be taxed income. This means that South Africans will have to declare their profits and / or losses of cryptocurrency when they declare their taxable income reported Techweez.

The regulation does not propose any VAT to be charged on any cryptocurrency, but SARS believes that a cryptocurrency is an intangible asset and therefore SARS will continue to apply the normal income tax rules to cryptocurrencies. In addition, the taxpayers concerned will be obliged to declare the cryptocurrency as capital or gains or losses of income as part of their taxable income.

Intercontinental announces Bakkt, a global platform for cryptocurrencies

Intercontinental Exchange based in the United States, a global trading operator, clearing houses services, data and listings has announced plans to form a new company, Bakkt, which intends to exploit Microsoft cloud solutions to create an open and regulated global ecosystem for cryptocurrencies and cryptographic tokens. The new company is working with a group of prominent organizations including BCG, Microsoft, Starbucks and others to create an integrated platform that allows consumers and institutions to buy, sell, store and spend digital assets on a seamless global network. continuity.

Commenting on the development, Jeffrey C. Sprecher, Founder, President and CEO of Intercontinental Exchange, said: "In bringing regulated and connected infrastructure together with institutional and consumer applications for digital resources, we aim to build trust in the assets on a global scale, consistent with our track record of bringing transparency and confidence in previously unregulated markets. "

In other news, while the CID Indian investigative agencies, branch of Cyber ​​Crime of various states have already investigated the Amit Bhardwaj's MLM schemes related to Bitcoin and other related scams, the Gujarat Bitcoin scam is now being referred to major state political leaders.

Stay tuned for more news on Bitcoin, criptovalute and ICO!

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