Sovos, a tax software program firm and Unbound Tech, a supplier in cryptographic key administration and safety, in the present day introduced a partnership to allow establishments buying and selling or holding digital belongings and cryptocurrency a sophisticated platform to safe their digital asset transactions that additionally ensures compliant tax reporting of cryptocurrency trades.
As investments in cryptocurrencies enhance, crypto platforms adhering to institutional-grade cryptocurrency buying and selling requirements should adapt to new compliance necessities as digital belongings transfer mainstream.
“With the increased use of cryptocurrencies, crypto tax reporting continues to take shape. Sovos provides a platform that can seamlessly adapt to changes in reporting requirements, guaranteeing compliance for our digital asset clients while they focus on growth and adoption,” mentioned Paul Banker, basic supervisor of Tax and Regulatory Reporting at Sovos.
The Sovos-Unbound Tech partnership will present superior instruments to safe blockchain transactions whereas guaranteeing tax compliance and decreasing threat. Collectively, the built-in answer offers a superior approach for crypto-asset exchanges to effectively report taxes and course of types whereas guaranteeing transaction safety.
“Sovos offers the expertise and track record of more than three decades of tax reporting with many of the world’s largest financial institutions, and demonstrates a deep understanding of the cryptocurrency space and the unique challenges it presents,” mentioned Rocco Donnino, vp of strategic alliances at Unbound Tech. “Unbound Tech and Sovos together give customers peace of mind knowing their crypto assets are not only safe from a security standpoint, but also from a government audit standpoint, as well.”
Banker agreed. “Partnering with Unbound Tech to bring this solution to market was a natural fit,” he mentioned. “They bring recognized digital asset security while Sovos delivers the best of intelligent tax information reporting to the cryptocurrency arena.”
Bitcoin Price DROPPING as Chainlink Makes Major Partnership w/ China! MOMENTUM SHIFT HAPPENING!
The bitcoin price dropping in June 2020, but how much further will it go? Plus, cryptocurrency chainlink makes a major partnership with China’s National Blockchain Services Network. Altcoin Daily brings YOU the latest cryptocurrency news online!
Your support is massive! We bring YOU the the best cryptocurrency news in the US in 2020! Watch the whole video.
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT!
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Join DJ Thistle & NebraskanGooner on This Week’s Crypto Markets Live!
What do lunar cycles and market cycles have in common? Tune in to the livestream above to find out!
This week’s guests include technical cryptocurrency trader NebraskanGooner and disc jockey turned part-time Bitcoin investor DJ Thistle.
The discussion will cover technical analysis of the Bitcoin, Ethereum, Tezos, and NEO cryptocurrency markets. We’ll then unpack the relationship between Bitcoin and altcoins before moving on to discuss the rumors that PayPal and Venmo may be integrating cryptocurrency payments into their systems. Finally, we’ll compare the trading styles of our two guests in an attempt to better understand Thistle’s unique method.
During the show, don’t forget to write any questions you might have in the chat. We’ll pick the most interesting ones and ask them to our guests!
Hosted every Thursday by Cointelegraph, the Crypto Markets Live show brings together the best traders and market experts to discuss technical analysis, price movements, trading tips, and more.
Stay up to date on when the next show will be by subscribing to Cointelegraph’s Youtube channel!
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Bitcoin and Ether Market Update June 25, 2020 | BTCMANAGER
Total crypto market cap erased $6.2 billion from its value since Monday morning and now stands at $261.5 billion. Top ten coins are all in red for the last 24 hours with Ether (ETH) and Cardano (ADA) as worst performers with 6.4 and 5.8 percent of losses respectively. At the time of writing Bitcoin (BTC) is trading at $9,151 on the Bitstamp daily chart, while ETH is hovering around $231 and Ripple’s XRP fell to $0.181.
Bitcoin formed a red candle to $9,277 on Sunday, June 21, and erased all of its gains from the previous day ending the seven days below the 50-day EMA. Still, it remained flat for the week.
The BTC/USD pair opened the new trading period by jumping all the way up to $9,700. It successfully surpassed both the horizontal resistance at $9,500 and the diagonal downtrend visible on lower timeframe charts. It also added 4.5 percent to its value in its best session since June 1.
On Tuesday, June 23, the leading cryptocurrency was rejected around the already-mentioned level and made a short pullback down to $9,630, still keeping the price above the support areas.
The mid-week session on Wednesday was a bad one for bulls. The declining volumes on 24-hour basis, which were close to $16 billion compared to $20-$22 as an average for the previous two weeks, in combination with a bearish divergence visible on the relative strength index (RSI), resulted in a drop to $9,300 or a 3.6 percent correction.
BTC continues to slide in the early hours of trading on Thursday, June 25 nearing $9,150 at the time of writing. The current level is seen as a minor support above $9,000. Next target down would be the long-term downtrend line, now situated at $8,900.
The Ethereum Project token ETH continued to slide on Sunday, June 21 and ended the week at $227 with a 1.7 percent loss on a seven-day basis.
The Ether started trading on Monday by making a huge green candle to $243. The move resulted in a 7 percent increase as bulls were even able to push the price up to $247 during intraday – above both the horizontal resistance and the mid-term downtrend line.
On Tuesday, June 23, the ETH/USD pair remained relatively stable, registering a small decline to $242.
On the third trading day of the workweek however, the leading altcoin started to lose positions. It fell down to $234 and erased 3.3 percent of its value in a very volatile session during which it was moving in the $250-$230 range. Still, buyers managed to find stability in the $230 support line and avoided further decrease.
As of the time of writing, the ETH is trading at $232 after falling as low as $226 in the early morning.
How to Get Started Investing in Cryptocurrency
Investing in cryptocurrency like Bitcoin or Ethereum is another way to diversify beyond borders. Crypto prices have gone through the roof in recent years, making Bitcoin the world’s strongest currency.
How do you get started investing in crypto, and what is the best cryptocurrency to invest in?
Heidi from Crypto Tips sits down with Andrew to share her bets crypto strategies to take you from zero to hero.
Crypto Tips YouTube Channel: https://www.youtube.com/channel/UCavTvSwEoRABvnPtLg0e6LQ
Andrew Henderson and the Nomad Capitalist team are the world’s most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to “go where they’re treated best”.
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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we’ve spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
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