The launch comes four months after Monzo abandoned its attempts to gain a US banking licence.

This Contest will run from February 4th, 2022 (00:01am CET) to February 7th, 2022 (11:59pm CET). To participate, follow the steps below, and we’ll randomly select three (3) winners. The winners will each win a Ledger Nano X. It could just be you! The prizes: Ledger Contest – get a chance to win a Ledger […]

The Nasdaq-listed company Microstrategy sees “evidence of a lot more institutional adoption” of bitcoin. The firm cited various reasons including “The circumstances and the currency volatility” in Turkey, South America, and Africa — “all of these things have elevated institutional awareness of bitcoin.” Microstrategy Outlines Future Outlook for Bitcoin The Nasdaq-listed software company Microstrategy discussed […]

SANTA MONICA, Calif.–(BUSINESS WIRE)–Activision Blizzard, Inc. (Nasdaq: ATVI) today announced fourth-quarter and 2021 results. “I’m so incredibly proud of our teams for their commitment and passion as we continued to engage the world through epic entertainment in 2021,” said Bobby Kotick, CEO of Activision Blizzard. “As we look to the future, with Microsoft’s scale and […]

The post Activision Blizzard Announces Fourth-Quarter and 2021 Financial Results appeared first on Fintech News.

Introduction Currently within esports there is a need to develop more holistic wellbeing practices and strategies to support all levels of gamers. With esports continuing to grow in popularity and with more professional and semi-professional teams entering the arena there is a growing responsibility of these teams to look after the wellbeing of their esports […]

Well, okay then.

Whatever it is that Bungie is cooking in addition to Destiny 2 must be pretty goddamn special, because Sony is spending $1.2 billion on ensuring the developer’s staff don’t leave. The company explained during its earnings report that roughly a third of its $3.6 billion buyout fee will be used for “deferred payments to employee shareholders, conditional upon their continued employment, and other retention incentives”. In other words, the Japanese giant is coughing up serious cash to keep the team together.

The cost of the acquisition will be expensed over a period of several years, with “approximately two-thirds in the first two years after the closing date”.

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Her Majesty’s Revenue and Customs Office has updated the tax rules that govern decentralized finance and staking.

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Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax agency announced a controversial set of recommendations on Wednesday that could harm Decentralized Finance (DeFi) innovation.  Ian Taylor, executive director of CryptoUK said:  “HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK.” The updated ruling focuses on how digital assets are treated in the UK for DeFi lending and staking, and whether the returns or incentives from these activities are taxed or not. Due to the cutting-edge nature of DeFi, tax specialists were confused about how the existing regulations apply to these services. HMRC stated: “The lending/staking of tokens through DeFi is a constantly evolving area, so it is not possible to set out all the circumstances in which a lender/liquidity provider earns a return from their activities and the nature of that return. Instead, some guiding principles are set out.” “HMRC has updated its guidance on the treatment of crypto and digital assets, specifically for DeFi lending and staking in the UK, significantly altering their classification and treatment.”  According to the guidance, returns from staking and lending DeFi assets will not be treated as ‘interest’, because digital assets aren’t considered currencies in the UK, but rather property for tax reasons.  However, the guidance suggests that in many circumstances, this technique will signal that beneficial ownership of those tokens has been moved to the platform, which could cause tax problems for stakeholders. This would imply that they were sold for tax purposes and would be subject to Capital Gains Tax.  According to Ian Taylor, executive director of CryptoUK, these new regulations will impose an unnecessary burden on crypto investors that is not imposed on stock market investors when lending shares: “HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK, including the Treasury and the FCA.” According to Taylor, the new regulations impose undue reporting obligations for consumers and cause tax compliance complexity because investors have to report hundreds or even thousands of transactions.  “This is out of step with the Government’s stated aim for the UK to be open and attractive as a destination for investment and innovation post Brexit,” he said.  Matt Hancock, the former Secretary of State for Health and Social Care and now a Member of Parliament (MP) in the United Kingdom, encouraged the House of Commons to pass a progressive crypto policy to make England the home of cryptocurrency last week. In November last year, HMRC issued regulations about the imposition of a digital services tax on crypto exchanges operating in the United Kingdom.

The post UK Tax Agency Released New Guidelines Around DeFi appeared first on Cryptoknowmics-Crypto News and Media Platform.

“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK," said the executive director of CryptoUK Ian Taylor

The management information circular and related materials ( the “Meeting Materials”) have been filed by the Capstone Mining Corp. (“Capstone” or the “Company”) on SEDAR and are available under the Company’s profile at www.sedar.com and on the Company’s website at Capstone Mining – Investors – Special Meeting of Shareholders For any questions please contact Capstone’s’ […]

The post Capstone Announces the Filing of its Management Information Circular in Connection with its Special Meeting to Approve the Business Combination with Mantos Copper appeared first on Fintech News.

The organization chooses AudienceFirst Media to strengthen supporter and mission awareness

(PRWeb February 03, 2022)

Read the full story at https://www.prweb.com/releases/audiencefirst_media_wins_marine_toys_for_tots_foundation_for_strategic_media_planning_and_management/prweb18474712.htm