Monday, September 7, 2020

​​31.08-7.09 Good Crypto Weekly Market Summary

Quick weekly news:

  • Bitfinex Owner Invests $1M in Dusk’s Security Token Exchange
  • Ethereum Classic Labs Airs New Plan to Stop Future 51% Attacks
  • Government of Bermuda Pilots Stimulus Token in Response to COVID Crisis

Other notable events include:

- People and businesses in the Swiss canton of Zug, home to “Crypto Valley,” will be able to pay their taxes in bitcoin (BTC) or ether (ETH) beginning next February.

- Pornhub, the popular adult entertainment site, has added bitcoin (BTC) and Litecoin (LTC) payment options for its Pornhub Premium product.

Also, be sure to check out top altcoin gainers and losers of the week ⬇️

Crypto for taxes

People and businesses in the Swiss canton of Zug, home to “Crypto Valley,” will be able to pay their taxes in bitcoin (BTC) or ether (ETH) beginning next February. Authorities have partnered with the Zug-based crypto broker and custodian Bitcoin Suisse, which will convert cryptocurrency payments into Swiss francs and hand them over to the tax office. The canton will accept tax payments up to 100,000 CHF (around $109,000) in those cryptos, though no partial payment will be accepted. In his statement, Zug Finance Director Heinz Tannler said the move would help to normalize the use of cryptocurrencies in everyday life.

Porn payments

Pornhub, the popular adult entertainment site, has added bitcoin (BTC) and litecoin (LTC) payment options for its Pornhub Premium product. The company is an example of legal, though untraditional, online businesses struggling with centralized payment processors: PayPal has blocked payments to the site without explanation. The company has accepted verge (XVG) since 2018 and has recently added support for dollar-linked stablecoin tether (USDT).

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