Gambling cryptocurrencies worth more than $150m

Gambling cryptocurrencies worth more than $150m

Cryptocurrencies created specifically for the gambling sector now have a combined value in excess of $150m, according CryptoGamblingNews.com research. Sep 10, 2020 (Stock Market Press via COMTEX) —
5G is more than just a fifth generation of telecommunications. Some sites, such as Bitcoin Exchange Guide,… Cryptocurrencies are not recognized as “legal tender” under Canada’s laws, they are taxed as “commodities” under Canada’s Income Tax Act, similar to gold or silver investments, learn more about how Canada’s Tax Treatment of Cryptocurrency. The role played by cryptocurrencies in money laundering has been greatly exaggerated by opponents of the emerging asset class, according to a new report from the Society for Worldwide Interbank Financial Telecommunication (SWIFT). Full list of stories by category Cryptocurrencies – 2020-09-10

Cryptocurrencies created specifically for the gambling sector now have a combined value in excess of $150m, according to research from CryptoGamblingNews.com.

The data is provided by a newly-launched tracker, which reports the value of gambling-dedicated cryptocurrencies in real time, as well as providing sector wide insights and data. 

With a total gambling cryptocurrency sector value of $161.83m at the time of publication, gambling-focused cryptocurrencies, such as FunFair Technologies’s $FUN token, are shown to be remaining popular among crypto traders.

Currently, the most valuable gambling cryptocurrency by market capitalisation is $WIN, a coin used to power the decentralised WINk casino, which stands at $35.7m.

The combined market cap of the leading 22 gambling cryptocurrencies is now greater than $150m, with speculators trading more than $3m per day across these coins.

Furthermore, five gambling-focused cryptocurrencies now hold market capitalisations in excess of $10m. According to previous research from the CryptoGamblingNews.com team, more than 30,000 customers play at blockchain casinos each week.

A CryptoGamblingNews.com spokesperson said: “Cryptocurrencies created for the gambling industry are increasingly attracting the attention of traders. 

“As the crypto gambling sector continues to consolidate, investors are identifying a handful of cryptocurrencies with high growth potential, and investing significant sums to ensure they do not miss out on the action.”

Source: www.casinobeats.com

Author: James Ross –


5G Seen As A Catalyst For Blockchain -- Will It Be The 'Biggest Thing

5G Seen As A Catalyst For Blockchain — Will It Be The ‘Biggest Thing” to Happen To Blockchain, Cryptocurrencies And Distributed Ledger Technology; iQSTEL Inc. (OTC: IQST) Sees Its Future In 5G

Media companies such as Stock Market Press are reporting on the fast growing telecommunications market. It keeps readers up to date on company stocks such as iQSTEL Inc. (OTC: IQST), amazon.com(NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL), Telefonica SA (NYSE: TEF), Samsung Electronics Co. Ltd. (OTC: SSNLF), Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS),Ericsson (NASDAQ: ERIC), DISH Network Corporation (NASDAQ: DISH), Nokia Corporation (NYSE: NOK), Liberty Global (NASDAQ: LBTYA) and Vodafone Group PLC (NASDAQ: VOD).

5G Seen As A Catalyst For Blockchain — Will It Be The ‘Biggest Thing” to Happen To Blockchain, Cryptocurrencies And Distributed Ledger Technology; iQSTEL Inc. (OTC: IQST) Sees Its Future In 5G

An analysis by Bitcoin Exchange Guide asserts that 5G is far more than just quicker internet and and telecommunications. It could be the ‘biggest thing’ to happen to blockchain, cryptocurrencies and distributed ledger technology (DLT). It will be to developing countries a vital player in global settlements/payments in the form of cryptocurrencies, such as Bitcoin. It makes cryptocurrency currency settlement payments secure, safe, transparent and simple. 5G will offer to countries such as India and Brazil access to SmartPhones on a broader scale and bring these markets into the crypto revolution, mobile banking and other SmartPhone apps.

Secure mobile banking will be another outgrowth — with banks feeling more secure with blockchain and distributed ledger technology banking. It makes global banking transactions transparent, fast and safe. SmartPhones are also expected to use 5G to make Internet of Things (IoT) more accessible and increase blockchain applications. It could generate blockchain scalability in the future, the site says. 5G Seen As A Catalyst For Blockchain — Will It Be The ‘Biggest Thing” to Happen To Blockchain, Cryptocurrencies And Distributed Ledger Technology; iQSTEL Inc. (OTC: IQST) Sees Its Future In 5G.

iQSEL, Inc.’s (OTC: IQST) Is Already Using IoT Technology For A Remote Monitoring App

iQSEL, Inc.’s (OTC: IQST) recently acquired IoT Labs MX SAPI. This Internet of Things (IoT) company is the creator of the “IoT Smart Gas” platform and application. Its app permits owners remote management LP Gas in fuel trucks and other liquids as well — from milk to any other beverage. It is efficient and effective. iQSEL, Inc.’s (OTC: IQST) plans to expand its marketing to more geographic locations in the future.

iQSEL, Inc.’s (OTC: IQST) sees more of its innovative applications play a role in the future of telecommunications. These include an app that permits consumers to quickly and securely change providers while keeping their phone number. Another offers financial institutions quick and secure global payments/settlements, mitigating fraud. It also cuts costs. 5G Seen As A Catalyst For Blockchain — Will It Be The ‘Biggest Thing” to Happen To Blockchain, Cryptocurrencies And Distributed Ledger Technology; iQSTEL Inc. (OTC: IQST) Sees Its Future In 5G.

iQSEL, Inc.’s (OTC: IQST) Boasts Significant Telecom Operations Management Experience

The iQSEL, Inc.’s (OTC: IQST) business model combination of organic growth and by acquisition of subsidiaries is working. Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), said the Company’s first half 2020 financials represent “further proof that our business model, a combination of corporate growth and acquisitions, is working very well. All of our operating subsidiaries just reached a major milestone, going Net Income positive. Our management experience in Telecom Operations has been key in the achievement of these results. We look forward to fantastic Q3 and Q4’s as we anticipate further corporate and subsidiary developments leading in to 2021,” Mr. Iglesias said. 5G Seen As A Catalyst For Blockchain — Will It Be The ‘Biggest Thing” to Happen To Blockchain, Cryptocurrencies And Distributed Ledger Technology; iQSTEL Inc. (OTC: IQST) Sees Its Future In 5G.

iQSEL, Inc.’s (OTC: IQST) footprint now includes the U.S., Latin America, Mexico, Europe and other global regions. Its solid financial performance thus far in 2020 promises to be a forerunner of more sharp gains ahead. Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), said, “Our growth during 2020 has been phenomenal and is attributed to our focus on strong carrier agreements and strategic subsidiary acquisitions.” He added, “Our subsidiaries shine as success stories, even at this early stage, as was seen in our recent release detailing their individual net income.”

iQSTEL, Inc.’s (OTC: IQST) First Half YTD 90% Volume Increase To $16.1 Million And Q2 2020 362% Spike In Net Income To $1.2+ Million Sets Stage For Full Year 2020 Gains

iQSTEL, Inc. (OTC: IQST) reported sharp jumps in both volume and net income in 2020. Sales jumped by 90% to $16.1 million for the first half YTD 2020 and it reported a 362% spike in net income to $1.2+ Million for Q2 2020. All operating subsidiaries of the 21st Century enhanced telecommunications service provider generated positive net income for the parent Company. These subsidiaries include: Etelix, SwissLink, QGlobal and IoT Labs. All showed a positive net income for the Q2 2020 reporting period.

iQSTEL, Inc. (OTC: IQST) Expands Network Of Subsidiaries

The parent company owns a 75% stake in blockchain subsidiary itsBchain LLC, iQSTEL Inc. (OTC: IQST) wholly owns Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide. It has acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider. Most recently it acquired IoT Labs MX SAPI. This Internet of Things (IoT) company is the creator of the “IoT Smart Gas” platform and application.

Source: Stock Market Press

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Canadian Tax Treatment of Cryptocurrencies||

Canadian Tax Treatment of Cryptocurrencies||

Did you know that cryptocurrencies are not recognized as “legal tender” under Canada’s laws, they are taxed as “commodities” under Canada’s Income Tax Act, similar to gold or silver investments?

Read our guide on: Canadian Tax Treatment of Cryptocurrencies (2020/2021)

Any transaction – selling, gifting, bartering – that results in transferring ownership of a cryptocurrency to another party is potentially a taxable event.

We have prepared a guide for Canadian to learn about and understand their reporting requirements and tax liabilities as members of the cryptocurrency community.

We are not tax advisors and must tell you to seek the advice of a qualified professional for what is best for your situation.

Read our 2020-2021 guide on Canadian Tax Treatment of Cryptocurrencies >

Source: blog.coinberry.com


Money launderers use fiat, not crypto

Money launderers use fiat, not crypto

— Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News

The role played by cryptocurrencies in money laundering has been greatly exaggerated by opponents of the emerging asset class, according to a new report from the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

The network, which banks and other financial institutions use for transferring information securely across borders, says fiat currency is still the most widely used medium for such illicit purposes.

Money laundering remains a serious international problem. United Nations research indicates that anything from $800 billion to $2 trillion is laundered via fiat channels each year. But cryptocurrencies are used in just a small fraction of such activity.

“Identified cases of laundering through cryptocurrencies remain relatively small compared to the volumes of cash laundered through traditional methods,” said SWIFT.

SWIFT said traditional methods such as using cash mules, hawala (an informal system that employs intermediaries), front companies, cash businesses, and the illegal drug trade remain dominant in money laundering. However, the use of cryptocurrencies is minimal, says the report, with even the cybercriminal usage of digital assets like bitcoin being “few and far between.”

Source: Money launderers use fiat, not crypto: report – Asia Times

Source: anticorruptiondigest.com

Author: Anti-Corruption Digest


Full list of stories by category Cryptocurrencies - 2020-09-10

Full list of stories by category Cryptocurrencies – 2020-09-10

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    Gambling cryptocurrencies worth more than $150m


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