The Vostok project, based on the Waves platform, is funding $ 120 million
The Waves Platform, the fastest blockchain platform ever developed, has earned $ 120 million for the Vostok project. The Vostok project was developed by the Waves platform specially for large enterprises and public institutions to form the basis of their digital infrastructure. The launch of the first projects in Europe and Asia is expected in early 2019.
Founder and CEO of Waves platform and Vostok project, Sasha Ivanov, said:
"The Vostok Project is at the crossroads of many disruptive technologies, including Blockchain, Big Data, Artificial Intelligence and the Internet of Things. It aims to create digital infrastructures for corporations and government agencies to build the digital economy. This is a logical continuation of the work we have done in recent years, further advancing the technological advances of the Waves platform. "
Founded in 2016, the Waves platform is the world's fastest blockchain platform with a capacity of 100 transactions per second. By comparison, Ethereum can process 15 transactions per second, and Bitcoin between 3 and 7 transactions per second.
Waves is similar to Ethereum in the sense that it offers easy-to-use and highly functional tools to create decentralized applications. It has also become one of the largest technology communities in the world.
Crypto prices rise, with Bitcoin exceeding $ 3900
With the anniversary of a record $ 20,000 anniversary, the Bitcoin price has begun to grow. The most popular cryptomon has exceeded $ 3900, an increase of over 10% in 24 hours.
The other Crypto recorded significant advances, between 10-20%. The day's performances were Bitcoin Cash and Waves, which grew by almost 50%. In fact, Waves recorded an increase of over 120% over the past week, currently ranked 19th in the CoinMarketCap.
The UK Tax Agency publishes the tolling guidelines for crypto activity
HMRC, the government's tax collection agency in the UK, has published a report explaining cryptos taxation for individuals. The agency also announced that in the near future it will publish a similar guide for companies.
The document reveals that digital assets are treated more as property than as a form of money. The tax rate depends on the type of token, which is classified as exchange tokens, utility tokens and security tokens.
Investors who buy crypto such as Bitcoin hoping to increase their value will be forced to pay capital gains tax when they sell. Individuals who receive crypto from employers as a form of payment or obtain them through mining will pay income tax and national insurance contributions.
Vlad Nistor, in custody for 30 days
DIICOT appealed against the Bucharest Tribunal's decision to reject Vlad Nistor's pre-trial detention. The High Court of Cassation and Justice accepted this appeal so that the founder of the Coinflux exchange was placed in custody for 30 days. Tomorrow, December 20th, Nistor's extradition request to the United States will be adjudicated with the 14 investigated.
The information subsequently published by the media reveals that the investigation was carried out by the US authorities in the state of Kentucky. Apparently, a group of Romanians placed false ads selling luxury products and converting money earned in Bitcoin. Nistor is accused of facilitating money laundering through the Coinflux platform. The US authorities claim that they were aware that the proceeds were fraudulent.
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