Joined: 31.10.2020   
Jakub Bartnik             
in Blockchain since 2019
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Hello! 👋🏻 In this post, we will tell you about the benefits for traders on the SwapZilla platform

📌 Most of the traders, are looking for new platforms that provide more convenient functionality for... them.

⚙️ Rarely exchanges offer a wide range of options. Often, there is a situation when the exchange has low commissions, but the number of currency pairs is limited to a couple of dozen at best, for example.

❓ What are the benefits of SwapZilla for traders?

🔹 Low fees

🔹 Aggregation of turnover

🔹 Internal clearing deals

🔹 A large number of currency pairs

🔹 High speed of transactions

🔹 Client transparency

🔹 Multi-platform capabilities

🔹 Software integration with third-party products

✅ Due to its advantages and extensive functionality that SwapZilla provides to its traders, it is rightfully the most technologically advanced platform among all existing ones.

📢 Learn more about the benefits of SwapZilla on our website: https://www.swapzilla.co/
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According to Ian Allison’s report plans are in the works to offer crypto buying and selling to users of Paypal and Venmo.

According to the crypto news outlet's report, one of three unnamed sources sai...d:

“My understanding is that they are going to allow buys and sells of crypto directly from PayPal and Venmo.”

Liquidity for the offering would be sourced from crypto exchanges.

"PayPal does not comment on rumors or speculation," told Paypal representative, when reached for comment.


It’s worth remarking that PayPal has a longstanding relationship with Coinbase, going back as early as 2016. Coinbase made instant fiat withdrawals to PayPal available for U.S. customers in 2018. European Coinbase users could withdraw to their PayPal accounts last year, followed by users in Canada.


At the same time, fintech apps that offer crypto are earning money. Square, the payments unicorn launched by Twitter CEO Jack Dorsey, rolled out bitcoin purchases in its Cash App in mid-2018. Cash App reported $306 million in bitcoin revenue in its most recent earnings report.


According to one source that Coinbase reported, the service may become available in the next several months.


In 2014, Paypal partnered with three bitcoin payment processors, including Coinbase, which enabled merchants in its network to allow bitcoins to be used as payments.

...

https://www.consulting24.co/post/reportedly-paypal-and-venmo-are-planning-to-let-users-buy-and-sell-crypto
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We have launched a new feature - Restore Bitcoin, Ethereum, or any other crypto wallet. When you need to restore your funds or somebody from your network needs it.

Our team has successfully recovered o...ver 20 lost crypto wallets funds from Trezor, Ledger, iPhone, MacBook, and Blockchain.com wallets total value over 10 million USD.


Commission based service fee:
We charge 20% of the total funds restored.

If you need the service to let me know and let's discuss: https://www.consulting24.co/
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Consulting24 is happy to announce bitcoin wallets' lost private keys recovery service.
A total of 20 wallets and a total of over 10 million funds have been recovered. It is possible to recover Bitcoin and E...thereum wallets from laptops and phones. Ledger and Trezor hardware wallets are also supported.

Recovery cases:

1) Recover Bitcoin wallet password
2) Recover lost mnemonic phrase
3) Recover blockchain account password
4) Recover Ethereum wallet private key
5) Recover your bitcoin from a damaged phone
6) Recover locked Mac or PC
7) Recover Ethereum wallet
8) Recover damaged bitcoin wallet

If you only have access to your public key there is nothing we can do.

The commission will be charged only when we successfully recover funds.

Become our referral and earn a 5% commission

IF you know somebody that has lost their Bitcoin or Ethereum wallet private keys, we will pay a 5% commission from the total amount of funds restored.
https://www.consulting24.co/recover-bitcoin-wallet

For more information send inquiry info@consulting24.co
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As the 10th of March approaches the suspense around new requirements for regulated virtual currencies services companies in Estonia grows. What are the new mandatory requirements and what impact it will have on... the existing businesses?

Since late 2017 Estonia rapidly became a safe haven for the regulated blockchain projects, amounting in total of over 2500 licenses issued for wallet and exchange activities in a relatively short period of time. During that time we have seen “the good, the bad and the ugly” of blockchain startups. That was the trigger for the government to come up with more strict requirements for the virtual currency services providers. In 2018 the FIU has expressed its concern, and the government acted. New regulation enforces money laundry prevention, tax evasion, continuous and permanent economic activity of the businesses.


Big share of the projects regulated in Estonia have to come to terms, that their licenses will be revoked due to non-compliance with the new regulation.


The main challenge as we (Consulting24) see it, is physical presence requirement. Meaning, the main decisions regarding the activity of the company have to be made by the management in Estonia. Main AML functions have to be carried out in Estonia. AML Compliance Officer has to have an impeccable reputation. Physical office with the equipment has to be located in Estonia. July 1st 2020 is the deadline to “get the affairs in order” and get ready for raids, inquiries, and check-ups.


The new share capital requirement is 12,000 EUR instead of 2,500 EUR, and it has to be paid with monetary contribution to the company’s banking account in European Economic Area (EEA). The company’s banking account could be in a credit, e-money, or payment institution located in EEA, which provides cross-border payments to Estonia or has its branch in Estonia.


Stricter AML/KYC rules will be also required, which equal to the requirements of financial institutions. Anonymous accounts and transactions won’t be allowed. Enhanced due diligence methods have to be applied to the High Risk countries. Business relationship with shell banks and financial institutions will be prohibited.

Crypto to crypto exchanges will get regulated.


Consulting24 team will provide support and guidance for compliance with new regulations. We urge projects to be proactive and get started with preparations asap. It is better to do a bit more than just a minimum requirement.

To get started on your project please send us an inquiry, and we will get back to you very shortly.

https://www.consulting24.co
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1 QCP

We are excited to be partnering with Gemini on bitcoinpizzaday to give back in a meaningful way.

We are donating $5,000 to @NoKidHungry, and you can too!

Donate to help those affected by COVID...-19 today:

https://getstarted.gemini.com/bitcoin-pizza-day/

https://www.linkedin.com/company/taxbitteam/
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U.S. brokers of capital assets have strict data collection and information reporting requirements to ensure that taxpayers properly comply with their tax reporting obligations. Individuals or entities that are ...required to file information returns with the IRS must obtain correct taxpayer identification numbers (TIN’s) in order to properly file such returns. Similarly, international cryptocurrency exchanges also have (TIN) collection requirements in order to comply with Common Reporting Standards and FATCA reporting on foreign account holders. Exchanges (which for this purpose includes brokers, lending platforms, interest providers, wallet providers facilitating trades, dividend issuers, etc.) who fail to collect the required information on its users may be subject to mandatory backup withholding.

(i) Information Required to be Collected

Entities who are required to file an information return on a taxpayer are required to collect the necessary information to file the return. All cryptocurrency exchanges must therefore collect the: 1) name; 2) address; and 3) TIN (which is usually the user's social security number) of its users. Cryptocurrency exchanges and other businesses subject to information reporting are required to list this information on a tax form known as a W-9.

The W-9 tax form must be maintained by the filer, but is not required to be filed by the IRS. Rather, the information collected on the W-9 will be filed with the IRS when filing the applicable 1099 tax form (or foreign equivalent). The vast majority of exchanges have properly implemented strict data collection processes upon onboarding to collect W-9 information.

(ii) Mandatory Backup Withholding

If cryptocurrency exchanges fail to collect TIN’s (typically social security numbers) then they may be subject to mandatory backup withholding on its users. The business facilitating brokering transactions doesn’t generally withhold taxes from these transactions, as it is assumed the taxpayer will report and pay taxes when filing their federal income tax return. Certain information, such as TIN’s, are required fields in order to furnish an information reporting return to the IRS. In addition to the harsh penalties on exchanges for failing to file an informational return, exchanges that don’t have a valid TIN are required to withhold 24% of the gross proceeds on the taxpayer’s transactions for the year.

Details and more: https://taxbit.com/blog/crypto-exchanges-responsibilities-taxpayer-identification-numbers-and-backup-withholding/
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According to the United States Court of Appeals for the Fifth Circuit, law enforcement officials do not need a search warrant to get account records from a cryptocurrency exchange or from the public blockchain.... On June 20, 2020 the court ruled that cryptocurrency exchange account holders do not have a constitutionally cognizable privacy interest in their transaction history and therefore do not enjoy the search and seizure protections ensured by the Fourth Amendment. U.S. v. Gratkowski, 2020 WL 3530575 (5th Cir. June 20, 2020).

Background

The Supreme Court has long held that a person generally “has no legitimate expectation of privacy in information he voluntarily turns over to third parties.” Smith v. Maryland, 442 U.S. 735, 743-44 (1979). The third-party doctrine is a United States legal doctrine that holds that people who voluntarily give information to third parties such as banks, phone companies, internet service providers, and email servers have no reasonable expectation of privacy. A lack of privacy protection allows the United States government to obtain information from third parties without a legal warrant and without otherwise complying with the Fourth Amendment prohibition against search and seizure without probable cause and a judicial search warrant.

However, exceptions have been made to this principle in certain instances. For example, in Carpenter v. United States, 138 S. Ct. 2206 (2018) the court was faced with the question of whether the third party doctrine extends to cell-site records that track location and movement from where calls are made. Based on cell-site evidence obtained from a telecommunication provider, the government charged the defendant with robbery. The court held that expectations of privacy in this age of digital data do not fit neatly into existing precedents, but tracking a person’s movements and location through extensive cell-site records is far more intrusive than past precedents might have anticipated. Thus, the Court held narrowly that the government generally will need a warrant to access cell-site location information.

...

https://taxbit.com/blog/court-rules-crypto-traders-don%E2%80%99t-have-privacy-interest-in-transaction-records/
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The global moment we find ourselves in today is unlike any other. It has thrown up uncertainty and confusion, yet at the same time it has shed light on something that has always been central to the Streamr visi...on — the enduring strength and importance of community; the ways in which our connections are what strengthen us in good times and bad.

The Streamr community is not only invaluable to the growth of the ecosystem and the ultimate success of the Streamr project, it energises the team with ideas, challenges and discourse on a daily basis. So this felt like a good time to check in with you all, to review everything we have accomplished since launch, with your support. I’ll also be running an AMA on the 11th of June at 15:00 CEST, but this article can give an overview ahead of that, and perhaps prompt some questions for discussion. Let’s begin by reminding ourselves of the vision.

The Streamr Vision

Streamr was founded with the goal of building a real-time data infrastructure for future data economies. Ideally, all data streams in the world could be accessed via your nearest node, with participants incentivised to provide both content and delivery services on the system.

The cornerstones of Streamr’s chosen approach are decentralization, peer-to-peer and blockchain. This is because, in our view, the only acceptable implementation of a future data infrastructure is one that is global, scalable, secure, robust, neutral, accessible and permissionless.

..

https://medium.com/streamrblog/streamr-project-update-june-2020-94d3e4217519
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Imagine having a personal diary where you write about your life. Now, imagine owning that diary and not being able to enforce your right to possession. It’s yours, and yet you can’t have it.

How did th...is happen?

The only Free Cheese is in The Mousetrap

Imagine further that, when you shopped for the notebook, the stationer said you could have it for free. He then mumbled something about the possibility of recording, accessing and using your writing for anything he liked.

Because your persona belongs to the underappreciated world of intangible assets, you couldn’t grasp what was at stake there. Au contraire, the stationer, let’s call him Mark — you know where I am heading with this — eagerly recognised that you had handed him your psychological profile and sentiment live update. You entered a transaction with highly asymmetric possession of information. Now the stationery store is selling copies of your diary to any willing buyer interested in reading it and knowing your inner thoughts, without your knowledge.

...

https://medium.com/streamrblog/you-have-the-right-to-a-data-dividend-7056228c4a40
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