Binance To Donate All Listing Fees To Charity

The considered world’s largest cryptocurrency exchange Binance will be donating all listing fees to charity.

According to the company’s announcement, this initiative will begin immediately and developers can pay in whatever amount they without a set minimum.

However, the selection process will not be affected by the amount the developers are willing to pay for listing as the company will still use the same high standard for the listing review process.

The company in the past has been criticized of charging exorbitant amount to developers who wanted their cryptocurrency be included in the exchange.

The announcement should quell any complaints about listing fees in the future.

CNBC Contributor Sees Bitcoin Price About To Explode

Ran Neuner, Crypto analyst and host of CBNC’s show Cryptotrader have predicted that the price of bitcoin will soon explode.

He cites the U.S. Security and Exchange Comission’s (SEC) much-anticipated decision on several Bitcoin Exchange-Traded Fund (ETF) would be the catalyst that will propel the price of bitcoin.

He pointed out that last year’s rally that propelled the price of bitcoin to as high as $20,000 was due to the launching of BTC futures contracts which was allowed by the U.S. Commodity Futures Trading Commission.

He foresees the same will happen this year if and when the U.S. SEC approves the proposed ETF’s.

He also adds that Bitcoin ETF is a bigger deal than the bitcoin futures contracts since it requires actual purchase of BTC.

Automotive Parts Retailer Accepting Cryptocurrencies

An online automotive parts retailer has recently announced that they will begin accepting cryptocurrencies as payments for their products.

Newpart has said that they will accept seven cryptocurrencies which includes Bitcoin and Bitcoin Cash.

According to its CEO, Dano Romavich, the new payment method that was made possible through the partnership with Shopping Cart Elite enabled them to tap other potential buyers, which is in line with their plan of accessing as many potential buyers as possible.

He also adds that cryptocurrencies opens up their business to international markets and enables them to accept and process transaction more quickly and affordably.

Newport joins a growing number of retailers who are beginning to use cryptocurrency as an already means of accepting payment outside what is being offered by traditional financial services.

Israel Cutting Taxes On Cryptos

Roland Am-Shalem, the deputy director of the Israel Tax Authority (ISA) have recently announced that the agency will not be using FIFO (Fist In, First Out) method in taxing cryptocurrencies earnings which could possibly reduce taxes of cryptos by as much as 50%.

However this is subject to the fact that one can identify the currencies and be consistent in one’s records.

According to Jeremy Dahan, co-founder of Hello Group Software, the news is a closer step to establishing crypto regulation in Israel.

He said that the it is good news for investors in cryptocurrencies emerging from Israel as it means a reduced tax payment on profits.

He explains that the news technology allows for the extraction of information to tract the date of purchase of each currency specifically and make the exact tax calculation according to when each currency was bought and sold.

This method of exact calculation is a better alternative to the FIFO method in estimating profits as they are generally have higher taxes.

IBM’s Food Traceability Platform Will Be Used By A Supermarket Giant

Information Technology Giant, IBM and European supermarket giant, Carrefor has partnered together to launch a food-tracking blockchain.

According to IBM large companies as well as small and Medium-size enterprises can us IBM Food Trust with subscription fee ranging from $100 to $10,000 a month.

Carrefour is not the only big company that have sign up for IBM Food Trust, industry giants such as Nestle, Dole Food, Tyson Foods, Kroger, Unilever and Walmart have joined in the initiative.

IBM Food Trust is leading the way to food traceability.

The network was made using Hyperledger Fabric Blokchain Protocol.

However IBM is well aware that there are other projects that are also focused in addressing the same sector hence the IBM Food Trust was designed with interoperability in mind according to Ramesh Gopinath, IBM’s vice president of blockchain solutions.

Headlines for the world of Cryptocurrencies - October 10, 2018 XRP Official Cryptocurrency Of Tokyo 2020? / Bitfinex Partners With HSBC / Japan’s New Minister Of Science And Tech Is A Blockchain Bull / Life Science Organization Use Of Blockchain Tripled Since 2017 / Blackberry Launching Blockchain-Powered Medical Data Sharing
Headlines for the world of Cryptocurrencies - October 09, 2018 Hedge Fund Manager Predicts $10,000 Year-End Price For Bitcoin / Insurance For Cryptocurrencies Now Available For Gemini Customers / Litecoin Can Now Be Used To Buy Amazon Gift-Cards and Will Be Re-listed In Cex.io / Chris Larsen Named By Forbes The Wealthiest In Crypto Space / Anti-cryptocurrency Economist And Blockchain Lobbyist On Senate Blockchain Hearing On October 11
Headlines for the world of Cryptocurrencies - October 08, 2018 U.S. Court Cases Confirms Cryptocurrencies As Commodities / Block Size Increase In Bitcoin Without Hard Fork Possible / SEC Files Multiple Amendments Signaling Bitcoin ETFs Approval / European Banks Probed For Facilitating 661 Million Worth of Crypto In Two Years / Yale Invests In Crypto