The Chinese government, taking advantage of the situation that Bitcoin is going through, warned that the cryptocurrency could be heading to cost zero dollars.

The region’s national news agency, the Economic Daily, sent a warning about the capitalization of cryptocurrency in the market, in order to persuade citizens not to adopt the use of this asset.

The report states that the West is to blame for creating a highly leveraged market that is “riddled with manipulation and pseudo-tech concepts,” which it said was a “major external factor” contributing to Bitcoin’s volatility.

The newspaper made strong statements in this regard, assuring that bitcoin “is nothing more than a chain of digital codes, and its returns come mainly from buying low and selling high.”

In July last year, the Chinese government issued a ban against bitcoin mining, while confirming at the time that it was on track to launch its own central bank-issued digital currency (CBDC).

K. Tovar

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Source: Cointelegraph

La entrada China predicts a sharp drop in Bitcoin apareció primero en Bitfinance.

Apple reintegrated the possibility of reporting a problem with an application in the App Store, which it also included in the list of options offered by the complaint for scams.

The technology company implemented again a button to report problems with the App Store applications, which had been withdrawn years ago and which at this time forced the user to go to the bottom of the applications or games tab to find a form similar, to the time it required to log into a new page.

The change introduced involves the ability to report problems directly from individual applications with integrated payments, and comes as part of the iOS 15 update, as developers Richard Mazkewich and Kosta Eleftheriou have shared on Twitter.

The new button also includes the possibility of reporting scams among the options it displays, and although it simplifies the reporting process, it maintains the need to log in to the separate page, as indicated by various media.

K. Tovar

Source: ElComercio

La entrada Apple will now allow reporting app scams apareció primero en Bitfinance.

The exchange Binance recently launched a new tool with which all its clients will be able to carry out tax reports adapted to the needs of their users and complying with the requirements established by the different regulatory bodies.

In recent months, the exchange house has had some discrepancies with the regulatory entities of different countries that are forcing it to take measures to improve the situation. One of the actions taken was the hiring of Jonathan Farnell as Chief Compliance Officer.

Another measure was the launch of the new system for fiscal and tax reports. With this tool, clients of the exchange house can monitor all their assets and ensure compliance with the regulatory requirements established by their country.

However, the company stressed that it does not provide financial or tax advice. Therefore, each user will depend on the legal framework assigned in their territory, but the fact of using or carrying out transactions with cryptocurrencies could mean paying taxes.

The new tool is available, for all clients, on their website, accessing the application in API accounts. The tool has two main uses: transferring the user’s transaction history along with capital gains and losses records. This option facilitates the direct registration of customer information without the need to edit it for presentation to a third party.

It can also be used to obtain a description, in real time, of the local tax obligations of each user. Using the Binance API, the transaction history and records of a financial year can be extracted in order to present it to the regulators of each nation.

M. Rodríguez

Source: bitcoin.es

La entrada Binance launches tax reporting tool apareció primero en Bitfinance.