Blockchain
CoinTracking launches crypto tax tool for UK investors
Crypto taxation in the UK is quickly changing, but CoinTracking has launched a crypto tax tool that simplifies UK crypto taxes.
Crypto taxes in the UK challenges
The law in the UK taxes cryptocurrencies with tax rates depending on the nature of the transactions, with several caveats that investors need to address each tax season.
Cryptocurrencies can be taxed at a capital gains or income level, with tax rates going from 0% to over 40%. Due largely to the complexity of crypto taxation, research indicates that over 99% of investors are not reporting their taxes, facing high penalties.
The leading crypto tax software since 2013, CoinTracking, has addressed these challenges and becomes the go-to solution for investors.
A crypto tax tool designed for the UK
With a crypto tax software like CoinTracking, UK-based investors can track their crypto portfolios by importing trades from hundreds of exchanges, crypto wallets and blockchain networks.
From there, investors can benefit from 25+ advanced reporting features, including discovering which coins in their portfolio could be eligible for a lower tax rate based on their holding period.
With these features, investors can gather all the necessary information and generate the right tax reports. This is possible due to CoinTracking supporting gains calculations according to the valid accounting method in the UK, the HMRC.
“Crypto taxes are a big challenge across countries, with constant changes to the requirements investors have to follow. CoinTracking supports the needs of crypto investors in the UK to do their taxes in a few steps,” Dario Kachel, founder and CEO of CoinTracking.
CoinTracking launches Full-Service in the UK for a hands-off solution
Investors needing further help with their taxes can find a solution with CoinTracking Full-Service, where a team of CT experts and partner crypto tax firms review, validate & adjust their transactions, complete imports and ensure correct tax reports.
CoinTracking is available in 25+ countries, including the UK, where investors can choose from several services, from premium support to account reviews or a full UK crypto tax return service.
“Full-Service was specially designed for UK investors with complex crypto trades to report and not a lot of time to work out the intricacies of taxes.” Florian Ostermeier, Head of Full-Service.
The post CoinTracking launches crypto tax tool for UK investors appeared first on Hipther Alerts.
Blockchain
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Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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