Crypto Taxable – Ripple and xRapid – Korean Crypto Exchanges Bankrupt – Dark Web Admitted Crypto Usage

Fibo Quantum

The Fundamental Crypto Asset
Score for Ripple (FCAS) has climbed to 3.61% over the past 30 days.  The user activity for the coin has been
constant; however, the market maturity measure fell by 1.72%, and the price tumbled
by 16.84% during the same period of time.

Market Maturity refers to the
market situation of the token, thereby establishing a likelihood that the
cryptocurrency will bring in consistent returns across various market scenarios
depending upon various factors like liquidity and price volatility.

Sophisticated retail investors
look into the FCAS (Fundamental Crypto Asset Score) using the Fundamental
Crypto Asset Score Tracker providing the retail investors with a top-down
approach in tracking nearly 500+ cryptocurrency fundamentals.

High profile partnerships are likely to emerge from Ripple Labs as Ripple Labs are trying to bring in a lot of institutional clients who are not comfortable with crypto volatility to sign up for xCurrent to further move them to xRapid overtime.  The company is actively developing the promotion and adoption of XRapid solution.

Business Korea reported that only
companies in the top 100 list are safe from bankruptcy.  Low trading volume is cited to be the primary
reason why several South Korean cryptocurrency exchanges had to file for
bankruptcy.

Sky Justin Gornik who has pleaded
guilty recently admitted that he tried to launder drug proceeds by making use
of cryptocurrencies, which he held in Poloniex and Bittrex by using different
screen names.

AUSA Sherri Hobson and the
multi-agency team cracked through “multiple levels of anonymity mazes to
uncover the true nature and extent of Gornik’s drug dealing and money
laundering.” Per US Attorney Robert S. Brewer, Jr.

for “cracking through multiple
levels of anonymity mazes to uncover the true nature and extent of Gornik’s
drug dealing and money laundering.”

When it comes to getting paid
using an unstable asset type, most people would not desire happening. However,
several cryptocurrency industry workers are now choosing to get paid using the
cryptocurrency. This led to several cryptocurrency enthusiasts in New Zealand
to celebrate the announcement by the New Zealand tax authority which permitted
the payment of salaries using crypto alternatives.

From the tax authority’s perspective,
what might matter is how several exotic types of payments are taxed. Just like
the UK authorities did in 2018, the New Zealand authorities have as well
determined that crypto-assets should be treated as regular money income if
employees can sell them, whether freely exchangeable or pegged to conventional
currencies.