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BBTV in Canada will start paying its customers in cryptocurrencies

BBTV Holdings Inc., a leading monetization company, has launched a new program known as Pay to Crypto that will allow creators to receive payments directly in digital assets.

BBTV Holdings to pay content creators in digital cash

Cryptocurrencies creators can be paid in include Bitcoin, Ethereum, and Dollar Stablecoin. This is the first offer of its kind and is being offered to creators at a competitive price. BBTV Chairman and CEO Shahrzad Rafati explained in an interview:

Web3 is already a big part of the creator economy, from social tokens to NFTs to cryptocurrencies. This is just one step BBTV is taking to pioneer Web3 solutions for creators in this emerging segment of the creator economy. Receiving some or all of your monthly earnings in crypto helps creators further diversify their income. Content creators have expressed interest in joining the Web3 revolution and we are very proud to lead the way as their strategic partner. We are excited to offer Pay to Crypto, leveraging Netcoins as a strong platform.

BIGG CEO Mark Binns also added his two cents, stating:

Cryptocurrency is a powerful way for creators to participate in the Web3 economy. Whether you're an early adopter or making your first foray into crypto, converting your payments from USD to other currencies changes the narrative of what your payments can do. BBTV is an excellent showcase of the scalability and capability of the Netcoins platform for anyone interested in cryptocurrencies, not just in Canada but around the world.

Pay to Crypto also includes a feature known as BBTV Fast Pay. While creators can finance their growth through innovative means, the company will also leverage its wide range of content to add gross margin and EBITDA to the company. Joseph Hogue – creator of “Let’s Talk Money!” – mentioned:

BBTV's crypto payment option is another service innovation from a partner I trust for out-of-the-box benefits. When converting USD payments to crypto, it took up to a week for the transfer to be credited to my digital wallet on another platform. Being paid directly in cryptocurrency saves me time and at minimal cost compared to multiple transfers from my bank to different wallets. Together with BBTV's Fast Pay accelerated payment service, the company is taking creator management to a whole new level to empower creators.

Help clients find new money

Headquartered in Vancouver, Canada, BBTV is a global media and technology company. The company’s goal is to help all content creators become more successful. Among the creators BBTV works with are global media brands and individuals.

The company seeks to provide end-to-end solutions to its clients that are designed to drive revenue while driving innovation, so clients can focus solely on content creation. As of January last year, BBTV had more than 600 million viewers worldwide who watched more than 50 billion minutes of video content.

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Coinbase Product Manager Predicts Big Advances For Ethereum In 2022

Ethereum is one of the prominent blockchains in the cryptocurrency industry that established smart contract technology. This has helped cement decentralized finance and checkmate third-party interference in cryptocurrency transactions. But in the past, their main challenge and drawback was related to scalability and speed in executing transactions.

As the months and years go by, Ethereum is making great progress in fixing scalability issues. This led to the deployment of the layer two version of the blockchain.

Related Article | Is Norton 360 Mining Ethereum on your computer? If so, they will take a 15% cut

As the new year begins, many people have shared their predictions and expectations for the cryptocurrency industry in 2022. Some of these people include investors, analysts, and industry leaders. Among the many comments is the latest post from Surojit Chatterjee, Chief Product Officer at Coinbase.

Chatterjee predicts big strides in Ethereum’s scalability. Sharing his predictions on Tuesday via a company blog post, the CPO expressed his confidence in Ethereum. He mentioned that the scalability of the blockchain would put it ahead of Web3 and the crypto economy.

Ethereum struggles to resurface | Source: ETHUSD on TradingView.com

Furthermore, he was confident that there would be an improvement in the scalability of Ethereum. In addition, he indicated the possible traction for alternative layer one networks.

Also in his post, the CPO commented on the emergence of new top-tier networks based on social media and gaming. He explained that moving bridges from layer one to layer two will drive a huge improvement in scalability. Furthermore, he anticipated a situation where the industry is in a desperate search to improve the speed and usefulness of L1 and L1-L2 cross-bridges.

Benefits of Cross-Bridges for Ethereum Scalability

Using these bridges will facilitate the easy transfer of tokens from a layer one (L1) network like Ethereum to a layer two (L2) network like Arbitrum. In addition, it allows reverse transactions between bridges.

For companies like Matter Labs, 2021 saw their tremendous breakthrough. The company developed and implemented its level two platform based on the zkSync rollup package to achieve its great feat.

Overall, 2021 was a year of massive expansion for the tier two ecosystem, as all major platforms saw an increase in adoption. Tier two ecosystem tracker L2beat reports a nearly 11,000% increase in the total amount blocked last year. This brought the value in 2021 to $5.5 billion from $50 million in January 2021.

As for scaling technologies, Chatterjee chose zk-Rollups citing its attractiveness to users and investors. He explained that Zero-knowledge scalability compiles transaction data in batches. This will allow efficiency in its processing in the Ethereum L1.

Additionally, Coinbase CPO predicts the emergence of more privacy-focused apps. However, he mentioned that this would generate more attention from regulators, as there are restrictions imposed through KYC and Anti-Money Laundering (AML).

Related Article | More green energy: Cryptocurrency mining saves a hydroelectric plant in Costa Rica

Chatterjee has other predictions, including increased industry regulations, safer DeFi, and more institutional participation in DeFi. Others are moves to Web3 by Web2 companies, more brand equity in metaverses, and non-fungible tokens (NFTs).

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PayPal is considering the introduction of its own cryptocurrency, “PayPal Coin”

Coindesk has confirmed that PayPal (PYPL) is ready to launch its stablecoin while trying to flex its muscles in the cryptocurrency market. The PayPal subsidiary Curv has been laying the foundation for the stablecoin launch since September.

Bloomberg initially reported that PayPal is looking into the possibility of launching its own stablecoin. The stablecoin details were accidentally spotted on the company’s iPhone by developer Steve Moser and shared with Bloomberg. The hidden code and pictures revealed details of a “PayPal currency”. In addition, the codes showed that the U.S. dollar would support the stablecoin, Bloomberg noted in its report.

PayPal has been very active in the cryptocurrency space and has also increased the restrictions on cryptocurrencies its customers can buy and invested to educate its users about cryptocurrencies. In addition, it enabled its customer base to securely withdraw their cryptocurrencies in third-party wallets.

The US fintech giant #PayPal has confirmed its intention to launch its own #stablecoin called PayPal Coin.

Developer Steve Moser first discovered the development of an internal stablecoin in the source code of the PayPal iPhone app. @PayPal #cryptocurrency pic.twitter.com/RrLfnKnEui

PayPal trivializes hidden code on the iPhone

However, the PayPal spokesperson tried to trivialize the problem, saying it was constrained by a recent internal hackathon. A hackathon is an event where teams of engineers come together quickly to research and develop new products that may never be released.

PayPal is one of the largest e-commerce payment platforms in the world. It was created in 1998 and was founded by Peter Thiel, Luke Nosek and Max Levchin. Originally known as “Confinity Inc.” It later merged with Dogecoin advocate Elon Musk’s online banking company “X.com” in 2000 and changed its name to “PayPal” a year later.

In 2002, it was acquired by online marketplace giant eBay for $ 1.5 billion and has become the standard payment method for its 185 million users. In 2015, it split from its parent company and became a publicly traded independent company with the same PYPL symbol as it did before the eBay acquisition.

Today PayPal is the 54th largest company in the world and has over 377 million users worldwide. It has a market capitalization of $ 282.58 billion. In the fourth quarter of 2020, the platform processed 3.47 billion transactions for a total of $ 277 billion.

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Cryptocurrency investors in Thailand will pay a 15% capital gains tax

Cryptocurrency-related gains, such as those resulting from trading digital currencies, will be taxed at a rate of 15%, a Finance Ministry official told local media in Thailand. After significant market growth over the past year, the department aims to improve surveillance of cryptocurrency trading in 2022.

Thailand Asks Cryptocurrency Traders To Report Profits On Tax Returns

Thailand’s Ministry of Finance advises investors to indicate their cryptocurrency earnings when filing their tax returns this year, the Bangkok Post reported Thursday. Capital gains from cryptocurrency trading will be subject to a 15% tax, the newspaper added, citing a ministry source.

The obligation concerns all taxpayers who benefit from cryptocurrency transactions, including investors and operators of cryptocurrency mining facilities, the official clarified. However, digital asset exchanges will be exempt from the fee.

The gains from cryptocurrency trading are considered taxable income according to Section 40 of the Royal Decree amending the Revenue Code No. 19, the report explains. In view of the significant expansion of the digital asset market in 2021, financial authorities now plan to improve their supervision of currency trading activities in the country.

Not all aspects of cryptocurrency taxation are clear, as noted by an industry representative. Akalarp Yimwilai, co-founder and CEO of cryptocurrency exchange Zipmex, noted that many questions remain about how to calculate earnings. One is whether the gains from a price increase as the dollar strengthens are considered gains. He further explained:

Tax methods and calculations should be more concise, clear and easy to understand. Many people I know want to pay taxes but don't know how to calculate them.

He added that Zipmex is trying to develop a system that allows its clients to estimate their profits and losses, but the task has proven difficult. “If the Department of Revenue really has such an advanced data analytics system that it can accurately calculate cryptocurrency earnings, it would be of great benefit to share it with the industry,” he noted.

Authorities in Thailand, a major tourist destination, have been trying to demonstrate a friendly attitude towards the growing number of cryptocurrency users, especially among visitors. In September, the country’s tourism authority announced that it wanted to promote what it described as an “atmosphere of crypto tourism,” and in November its governor emphasized that Thailand must become a “crypto-positive society.” Last month, Bank of Thailand officials declared that cryptocurrency payments are not illegal.

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Cryptocurrency exchange BitMEX partners with Tokeny to launch native BMEX token

Major cryptocurrency exchange BitMEX today announced its partnership with Tokeny, a tokenization platform service provider to help launch its native token BMEX. Tokeny contributed its technical expertise and advice during the 2021 token development phase and is working together with the BitMEX team to ensure a smooth launch of the token launch phase, which will take place in early 2022.

BMEX

Designed as an ERC-20 token, BMEX has a maximum supply of 450 million, much of which will be used to reward new and existing BitMEX users.

The token will encourage participation in the growing BitMEX ecosystem, offering trade discounts to token holders, improved performance on EARN products, early access to new products, and much more.

For a limited time, users will have the opportunity to win as many BMEX as possible by entering contests and sweepstakes. Just yesterday, the exchange unlocked its latest welcome offer: the first 10,000 new users who complete KYC and sign up for EARN will receive up to 40 BMEX tokens.

“Our users always come first and we launched BMEX to reward them for their loyalty. We chose to partner with Tokeny, one of the world leaders in the tokenization technology space, to guide us in developing and issuing BMEX in the safest way possible. Tokeny has a strong history of working with major crypto players to streamline the token issuance process, and we are happy to have them on board to support the launch of BMEX. "

- Alexander Höptner, CEO of BitMEX

Since 2017, Tokeny has helped establish more than $ 28 billion in tokenized assets through its solutions. Tokeny is backed by Euronext, a leading market infrastructure in Europe.

"In a short period of time, we have successfully tested and implemented smart contracts thanks to the clear definition of token economy, the efficiency of the BitMEX team, and our in-house expertise."

- Tokeny CEO Luc Falempin

The BMEX token cannot be withdrawn or traded until the BitMEX spot exchange opens in Q2 2022. To receive BMEX tokens, see the airdrop terms and conditions and learn more by visiting the BitMEX token page.