Major news and quotes of the largest cryptocurrencies.
The Central Bank has decided on a model for the introduction of the digital ruble
The Bank of Russia has decided on a model for introducing the digital ruble – it was supported by 84% of the banks participating in the discussion of the project. The digital ruble will be issued by the Bank of Russia and stored in electronic wallets in the Central Bank. Banks will act as intermediaries between the regulator and users: they will attract customers and interact with them, open and replenish wallets, execute transfer orders, as well as carry out anti-money laundering and terrorist financing procedures. Customers will be able to access their digital wallet from any bank mobile application. For off-line digital ruble payments, a second digital wallet will be created directly on the client’s mobile device. To top up, you will need to transfer digital money from the wallet in the application and then pay. The recipient of the funds also transfers them from their offline wallet to the online wallet. The digital ruble platform, which will be used to issue and open wallets, will consist of components of a centralized system and distributed ledgers.
Russians began to actively declare income from the sale of cryptocurrencies
Tax consultants have recorded a surge in the payment of personal income tax by Russians from operations with cryptocurrencies. The surge is associated with the entry into force of the law on digital assets and the increased attention of tax authorities to foreign assets of Russians. The law, in particular, states that the holders of a cryptocurrency are subject to judicial protection only if they have declared it. Any non-cash transactions when buying or selling cryptocurrency are recorded in the history of the organization that conducts them (bank, brokerage company, etc.). The IRS has access to this information even if transactions are carried out abroad.
Ebang shares plummet 15% amid recommendations to short them
Shares in Chinese mining equipment maker Ebang fell 14.8% (April 6-7) after the release of a report by analysts from Hindenburg Research with a recommendation to “open a short” on the securities. Experts say that Ebang misled investors about the allocation of investments. The report claims that of the $ 374 million raised in four rounds after the IPO, Ebang sent $ 103 million to purchase shares of the underwriter AMTD Group with a dubious reputation. Of this amount, $ 21 million went to repay loans raised by a relative of the company’s founder. Representatives of Hindenburg Research also write that Ebang sales have dropped to a minimum, and the lineup is outdated. In the first half of 2020, the company delivered 6,000 mining devices. In addition, analysts believe that the recent launch of the Ebonex.io cryptocurrency exchange is news for a diver.
The total capitalization of the cryptocurrency market at 17:00 is $ 1,938,912,977,024. Trading volume in 24 hours was $ 169,056,936,533
- Bitcoin rose 1.6% to $ 57,481.34
- Ethereum rose 2.44% to $ 2033.34
- Binance Coin Rises 10.53% To $ 412.24
- Tether fell 0.18% to $ 1
- Polkadot rose 1.68% to $ 40.3
The best growth among the top 100 cryptocurrencies was shown by: Enjin Coin (+ 39.37%).
- Bitcoin: $ 0.332 for 1 TH / s
- Ether: $ 0.134 for 1 MH / s
- Binance Coin: $ 0.374 for 1 TH / s
- Tether: $ 5.714 for 1 GH / s
- Polkadot: $ 0.0414 for 1 GH / s
You can find a complete list of ongoing and expected ICOs at the link.