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New bipartisan US Senate bill seeks to exclude small cryptocurrency transactions from taxes

Republican Senator Pat Toomey of Pennsylvania and Democratic Senator Kyrsten Sinema of Arizona are proposing a new law that would tax small personal cryptocurrency transactions.

Under the current system, people who use digital assets to pay for goods and services owe capital gains taxes when the currency’s value rises.

The Virtual Currency Tax Fairness Act, introduced by Toomey and Sinema on Tuesday, aims to change that by introducing a de minimis exemption for daily cryptocurrency transactions.

The bill will exclude personal cryptocurrency transactions worth less than $50 or profits less than $50 from being subject to capital gains tax.

read the invoice

“A bill to amend the Internal Revenue Code of 1986 to exclude from gross income de minimis gains from certain sales or exchanges of virtual currency and for other purposes.”

To prevent abuse of the exemption, the bipartisan design also includes an aggregation rule, which states that all sales and deals that are part of the same transaction will be treated as one.

Toomey says the project will remove an obstacle preventing wider adoption of crypto assets.

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BNB network launches dApp platform with anti-coup alarm

BNB Chain’s dApp platform, DappBay, will help users evaluate projects before investing in them.

BNB Chain on Thursday announced the launch of a new platform for decentralized applications (dApps), designed to provide a fraud alert to users looking to invest in the DeFi and Web3 ecosystem.

The new tool is available on BNB Chain’s DappBay, a dApp hub that has an integrated risk assessment system called Red Alarm.

An anti-fraud feature

Red Alarm is an anti-fraud feature that provides an innovative scanning tool that users can leverage to easily browse new projects.

With it, a user can identify potentially high-risk projects and use the details provided to make informed decisions, thus avoiding what could be a scam or a pull of the rug.

To track new projects for potential red flags, the user will need to enter the contract address of the project in question. The BNB Chain community can use the assessment details to rate newly launched projects across DeFi, NFT and GameFi, said Gwendolyn Regina, chief investment officer at BNB Chain in a statement.

“More importantly, the Red Alarm feature helps users stay one step ahead of fraudsters; the system notifies you in real time of potential risks associated with projects, which allows the community to make informed investment decisions,” she added.

The Red Alarm page shows that one of the new DeFi projects has “significant risk”, noting that the “contract contains logical or programming backdoors that could drain users’ funds”.

DappBay will not only benefit BNB Chain users, but the wider blockchain community as well.

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Cryptocurrency firm WhaleFin strikes $42 million deal with Spanish soccer giant Atletico Madrid

Spanish soccer giant Atletico Madrid has confirmed that the club will enlist cryptocurrency company WhaleFin as a kit sponsor for next season.

Crypto platform WhaleFin has signed a kit sponsorship deal with Atletico Madrid

As announced by the Spanish club on its website, the Amber Group has now become the main global partner and official leader of the team.

With offices around the world, Amber Group is a large digital asset company with “WhaleFin” as its core platform. According to the agreement, WhaleFin will appear next season at the head of Atlético’s uniforms.

Atlético de Madrid is one of the biggest names in football in Spain and in the world, second only to Barcelona and Real Madrid in the domestic market. Currently, the club plays in LaLiga, the country’s first division, of which it was proclaimed champion just one season ago.

“Today is an important day for the future of Atlético de Madrid as we join forces with a leading global company in the digital finance space,” said Miguel Ángel Gil, CEO of Atlético de Madrid. “This partnership aligns with our desire to digitally evolve and deliver better and superior digital experiences to our fans.”

The contract signed between Amber Group and Atlético is valid for 5 years and, according to 2Playbook, the Spanish sports business moves 42 million euros (about 42.26 million dollars) a year.

In addition to a feature in kits, WhaleFin will also serve as the preferred encryption gateway for club fans and provide metaverse experiences for fans.

Amber Group COO Michael Wu said: “This multi-year partnership is a monumental moment for Amber Group and we are proud to partner with Atletico Madrid, one of the best football clubs in Spain and Europe. This partnership celebrates our shared values ​​of teamwork and community building, which resonate throughout the world of sports and crypto finance.”

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Best Bitcoin Casino Sites: List of TOP BTC Gambling Sites

Cryptocurrency casinos are an increasingly popular way for many casino fans to play online. Sometimes called Bitcoin casinos after the most popular type of crypto of the same name, more and more crypto sites launch each year.

A great Bitcoin casino will offer:

Anonymous and secure online gambling, with little or no info required from the operator

Loads of different crypto options, from classic and popular coins like Bitcoin or Ethereum to stablecoins like Tether or meme coins like Doge

Exclusive Bitcoin or blockchain-based games, that can be provably fair

Larger welcome bonuses than online casinos from highly regulated markets
Best Bitcoin Casino Ranking

But how does a new crypto casino player get to know all that? Finding all the information, never mind the nuts-and-bolts clauses behind the scenes, can take a lot of time.

That’s why we assembled this list of top bitcoin casinos. Casinos come to us, and our expert reviewers look at every detail of the site before rating them. All, so you don’t have to. Easy!

So, what is the best bitcoin casino we’ve looked at then? Well, you can see below for our expertly assembled top list.

However – some things are not exactly quantifiable. The best Bitcoin casinos have unique aspects to them, so you can’t necessarily say which single ones are the best!

Generally, we tried to put our top list in order. But, for example, some sites will focus on exclusive Bitcoin casino games – while others will have more games from traditional providers. Others might have the biggest welcome bonus, but they don’t offer so many crypto casino games to use with.

Swings and roundabouts. Anyway, any casino on our top list is at least worth checking out for one reason or another!

Take a look today for a comprehensive list of the best bitcoin gambling sites available right now.

Wherever you are in the world, whether you’re looking for the best bitcoin casinos in Ghana or the best Ethereum casino in New Zealand – our international options have you covered.

Just take a look on the best bitcoin casinos overall:

  1. 7Bit Casino – over 1500 games from a very reputable operator
  2. Bitstarz – Hugely popular site with in-house crypto purchases
  3. WildTornado – Over 6000 games and a unique loyalty scheme
  4. mBit – Loads of games and bonuses with fair terms
  5. KatsuBet – Over 3000 slot games available
  6. Bitcoin Penguin – Try any and all games for free, no account needed
  7. Crypto Wild – Crypto-only casino with exclusive blockchain games
  8. Betplay – Unlicensed international option with lots of cryptos
  9. Cloudbet – Huge range of cryptos and a truly massive welcome bonus
  10. Betchain –  Very well-designed site from a highly-regarded owner
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The Italian government will provide $46 million in grants for blockchain projects

All companies developing IoT, AI or blockchain technology will be able to apply for government grants as long as the funds are used in specific sectors such as healthcare.

The Italian Ministry of Economic Development has announced that certain blockchain projects will qualify to apply for up to $46 million in government grants starting in September.

In an announcement on Tuesday, the ministry said that public or private companies and research firms will be able to apply for government funds for the development of projects related to artificial intelligence, the Internet of Things and blockchain technology. The fund will have an initial budget of €45 million, approximately $46 million at the time of publication, for expenses and costs of €500,000 to €2 million as part of the Italian government’s targets for investments in technology, research and innovation.

“We support companies’ investments in cutting-edge technologies with the aim of stimulating the modernization of production systems through increasingly interconnected, efficient, safe and fast management models”, said the Minister of Economic Development, Giancarlo Giorgetti. “The objective of competitiveness requires the manufacturing industry to constantly innovate and utilize the potential of new technologies.”

The government ordinance was made possible by a decree in December 2021 that establishes the criteria for using the fund and a subsequent one in June 2022 in which the ministry established the terms and conditions for submitting applications. Under the decree, companies of any size will be able to apply for grants as long as the funds are used for IoT, AI or blockchain in sectors such as industry and manufacturing, tourism, healthcare, environment and aerospace.

As a member of the European Union, Italy is likely to be affected by recent regulations agreed by the EU Parliament aimed at bringing cryptocurrency issuers and service providers under its jurisdictional control under a single regulatory framework. The country’s securities regulator, the Italian Commission of the Stock Exchange and Companies, or CONSOB, has previously warned residents about the potential risks of investing in cryptocurrencies, while Organismo Agenti e Mediatori is largely responsible for granting regulatory approval. The regulator has given the green light to major cryptocurrency exchange Binance to open a branch in Italy.