Majority Of Crypto Investors Do Not Want To Report Taxes

A recent twitter poll from a YouTube personality has recently revealed that an overwhelming majority of cryptocurrency investor would rather not report their cryptocurrency gains or losses.

Respondents were asked about the status of their crypto taxes with the following choices: “Currently doing them,” “Will start next week,” and “Not a chance.”

It was revealed that 81% of the respondents chose “Not a chance” while the rest are currently doing them or will start doing it soon.

To help crypto investors to file their taxes there are many different services that makes it easier to compute for cryptocurrency taxes.

For those who are still having difficulties computing for their proper taxes they may file for an extension to allow for more time.

Japan’s Banking Giant MUFG Launching Its Own Cryptocurrency This Year

It has been reported that the biggest bank in Japan, Mitsubishi UFJ Financial Group Inc. has finally announced plans to launch it digital currency.

According to the group’s President, Mike Kanetsugu, the conglomerate plans to roll out the Coin sometime before 2019 ends.

He also states that MUFJ will depend on businesses including retail outlets and restaurants to adopt Coin with the intention of achieving wider adoption.

The fifth largest bank has announced to launch its own digital currency last year to solve several operational issues affecting the firm such as the the expense of procuring, storing and transporting physical coins and banknotes.

Only time will tell if the experiment will succeed or not but one thing is for sure the world is keeping its eye on Japan as its cryptocurrency story unfolds.

Ethereum 2.0 Not Delayed Insist Its Founder Vitalik Buterin

It has been revealed that despite the recent noise regarding the discussion of issue of governance in the Ethereum organization development of Ethereum 2.0 has not been affected.

According to Vitalik Buterun, while he was frustrated with the antics of the chattering classes it is important to keep in mind those developments in the Ethereum platform remains on schedule, progress in Eth2 is not delayed y even a single day.

Other initiatives within the Ethereum ecosystem are steadily moving forward with existing 1.0 clients are being tirelessly upgraded to better handle the load of the current chain.

Buterin states that when you are betting on the Ethereum ecosystem it is those silent armies of developers that you are betting on.

A decentralized, permissionless and scalable public chain is what Ethereum is aiming for and to reach this there will be gradual improvements on the chain such as sharding, snarks, second layer solutions and perhaps new inventions before Eth could reach world capacity.

New Crypto Exchange Approve By Japan’s FSA

A new cryptocurrency exchange will start its operations on April 16, 2019.

It is one of the few cryptocurrency exchanges that have passed the rigorous requirements of the Financial Services Agency (FSA) of Japan.

According to a news report it will be listing Bitcoin (BTC), Ripple (XRP), Bitcoin Cash (BCH) and Litecoin (LTC) at the time of launch with Ethereum being listed in the near future.

DeCurret will be launching spot trading on the said date and has already started accepting users into its platform.

Out of 23 companies who intended to launch cryptocurrency exchange in the country only 2 was granted with the license the other is from e-commerce Japanese giant Rakuten.

The strict requirements to pass security standards of exchanges was born out of high profile security breaches in the past in Japan which is said to be the biggest heist so far in the short history of cryptocurrencies.

Draper Is Interested On Hearing Facebook’s Crypto Offer

It has been reported that the Billionaire venture capitalist plan’s to meet with Mark Zuckerberg’s team to explore Facebook’s plans for a $1 Billion fundraising.

According to Draper he is interested in hearing the story and discover if it is a fit for him and perhaps help make Facebook likeable again.

It has been revealed in the past that Facebook plans to use its Whatapp messaging service as the conduit for crypto transfers and will be using a type of Stablecoin that might be pegged to different fiat currencies.

There are also indications that that this new crypto transfers features for its messaging app is aimed to disrupt remittance industry with the initial focus in the Indian market.

While Facebook has been in trouble due to privacy issues of its platform in the past it is important to note that Facebook is taking a different tack with crypto which seem to be resonating with big backers.

If Draper, other venture capitalist, hedge funds and family offices are willing to listen perhaps the crypto community might well follow suite.

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