Daily Archives: 21/05/2021

Nym Developers launched staking on the Finney testnet to counter spam attacks

Nym Technologies has announced the launch of staking on the Finney public testnet. The developers believe that this will help counter the spam attacks that the network was subjected to in the past year. The developers of the Nym project are creating a Data Mixing Network, a tool for hiding metadata at the network level. Network security is ensured by a decentralized network of nodes. According to the developer, the system provides “complete” confidentiality, allowing…

In the US, firms may be required to report cryptocurrency transactions over $ 10,000

President Joe Biden’s administration has proposed requiring cryptocurrency firms to notify the IRS of digital asset transactions over $ 10,000. The US Treasury Department released a report outlining tax compliance initiatives to close the tax gap. We are talking about the difference between the estimated amounts of taxes and those actually received. According to the US Treasury Department, in 2019 the state treasury “lost” $ 600 billion. If this problem is not dealt with, in…