In Switzerland, the limit for paying taxes in bitcoin has been increased, the most powerful BTC miner: what’s new in the cryptocurrency market

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Photo: pixabay.com 0 In Switzerland, the tax payment ceiling in BTC was raised to $1.67 million

The authorities of the Swiss canton of Zug have raised the limit for paying taxes in bitcoin and ether to 1.5 million Swiss francs (more than $1.6 million) from the previous 100,000 Swiss francs (more than $110,000), reports The Block.

“Increasing the limit is an important step on the way to the digital future,” the finance director of the canton of Zug, Heinz Tannler, said on Friday.

According to him, from the second half of 2023, another innovation will become possible — payment of taxes with cryptocurrencies directly by scanning the QR code on payment receipts issued by the tax administration.

The Canton of Zug began accepting Bitcoin and Ether for tax payments in February 2021. The Swiss company Bitcoin Suisse has been a partner of the canton in accepting tax payments in cryptocurrency from the very beginning.

MicroBT company introduced the most powerful BTC miner WhatsMiner M53S++ with a hash rate of 320 teraheshes per second

The manufacturer of BTC miners MicroBT presented three new mining rigs at the Bitcoin 2023 conference in Miami, one of which is the most powerful currently available on the market, writes CoinDesk.

One of the new models, WhatsMiner M53S++, provides a computing power of 320 teraheshes per second with an efficiency of 22 joules per terahesh. It is more powerful than Bitmain’s competing counterpart, the Antminer S19 XP Hydro, which provides up to 257 teraheshes per second, but less efficient than the Bitmain model, which can run at 20.8 joules per terahesh, said MicroBT’s founder and CEO.

Two other models:

• M50S++, with air cooling and with a computing power of 150 teraheshes per second,
• M56S++, with immersion cooling, which can provide up to 230 teraheshes per second.

Both miners have an efficiency of 22 joules per terahash.

MicroStrategy plans to launch applications on the BTC blockchain based on the Ordinals protocol

MicroStrategy co-founder and executive chairman Michael Saylor said that the company is not only aware of Ordinals, but is also interested in how the protocol that created buzz in the Bitcoin community can lead to innovations in software, reports Decrypt.

In an interview at the Bitcoin 2023 conference in Saylor, he said that the software development company is considering Ordinals and evaluating its potential from the point of view of developing applications.

One of the recent innovations in the field of using ordinals is an experimental structure for creating tokens on top of bitcoins. It was first launched by an enthusiast in early March. Since then, thousands of other so-called BRC-20 tokens have been created.

Chinese buy retina scans from Africans to gain access to Worldcoin app by OpenAI CEO Sam Altman

Users from China, who are denied access to registration in the Worldcoin crypto project, buy biometric data from third parties from African countries with the hope of receiving bonuses after the project is launched.

Residents of China buy iris scans made in Cambodia and Africa for just $30. A representative of the Worldcoin company confirmed the existence of a black market where such transactions are carried out, and noted that several hundred cases were discovered. In this regard, the project is taking additional measures to strengthen the verification procedure.

The DEX Swaprum team absconded with approximately $3 million in cryptocurrency

The developers of the Swaprum decentralized exchange based on the Arbitrum L2 network allegedly absconded with approximately $3 million in cryptocurrency, PeckShield experts found.

The team withdrew all liquidity from the pools into ETH and sold their own tokens of the SAPR project for ether. The price of the asset collapsed to zero.

Exchange accounts on Twitter, Telegram and GitHub have been deleted.

Source: Ministry of Finance

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