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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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Kryptomon Launches Exclusive User Acquisition Campaign on TikTok

Leeuwarden, Netherlands, July 25, 2022, Chainwire

Despite the slowdown in market conditions, The Kryptomon Company shows no signs of slowing down. In their recent Series A funding round led by NFX, they successfully raised $10 million, bringing the company’s valuation to $50 million.

Now, just two months after the funding announcement, Kryptomon has marked another milestone in its expansion plan by launching a unique and exclusive user acquisition campaign under the “TikTok For Business” program.

The program supports companies like Kryptomon looking to reach new audiences by running creative video ads on the popular TikTok platform.

Kryptomon is one of the first blockchain gaming companies to be licensed to work and advertise through TikTok in Southeast Asian countries. With TikTok seeing over 1.2 billion monthly active users, this partnership will no doubt be a big step forward in Kryptomon’s journey to break into the mainstream gaming market.

Additionally, recognizing Kryptomon’s potential to become a market leader in the blockchain gaming space, the TikTok gaming advertising team has been working closely with the Kryptomon team. Kryptomon can now leverage TikTok’s deep industry experience in regulating and optimizing campaign ad sets to ensure its content reaches the widest possible audience.
The results speak for themselves: the ads are already active in several countries and have already accumulated millions of views. Based on the learnings from this first run of campaigns, Kryptomon’s advertising efforts will likely not stop there, but will continue to aggressively expand into other regions.

The expected growth of Kryptomon players due to this user acquisition campaign comes at a perfect time as Kryptomon will soon launch its official mobile app. Currently only available to closed beta testers on Android operating systems, it will soon be offered to the general public on iOS and Android.

about kryptomon

Kryptomon is a Blockchain NFT Play-and-Earn game where Pokémon meets Tamagotchi and CryptoKitties.

Breed, train and fight with your NFT Kryptomon. It’s a new world where trainers can live a new adventure on Blockchain.

Set in the Kryptomon metaverse, community members play as “Trainers” of their own individual monsters, Kryptomons, each of which is a completely unique digital asset connected to an NFT. Each has a unique but changeable genetic code, made up of 38 random parameters that determine every aspect, physical and behavioral, of the creature.

Not only does this ensure that each Kryptomon is unique, it also brings each Kryptomon to life as a digital companion in Kryptomon’s metaverse. Cryptomons are able to learn, get sick, go hungry, and protect their trainers when they are on an adventure in the physical world. In turn, trainers will have to care for, feed and train their Kryptomon companions to grow and prepare for the battles to come.

Kryptomon creates the next step in the evolution of crypto gaming using advanced blockchain, digital genetics and location-based technologies.

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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