Good Morning, Bitcoin - Friday, November 29th, 2024

What's new

• Russia approves 15% tax on cryptocurrency trading and reporting for miners. The country has amended its Tax Code to classify digital currency as property. Under the new law:
  • Individual Traders: Income from digital currency trades will be taxed at 13% for earnings up to 2.4 million rubles ($22,300) and 15% for earnings above that threshold.
  • Corporate Entities: Businesses dealing with digital currencies will be subject to the standard corporate tax rate of 25%, effective from next year.
  • Mining Operators: Must report their activities to local authorities or face a fine of 40,000 rubles ($380).
• Hong Kong mulls crypto tax break for hedge funds and billionaires. The local government intends to exempt private equity funds, hedge funds, and the ultra-wealthy’s investment vehicles from taxes on gains from bitcoin and other crypto assets, private credit investments, and other assets. This move aims to position Hong Kong as a leading offshore financial hub.
• Chinese gaming company Boyaa Interactive now holds 3183 BTC. On November 29, the company revealed it exchanged 14,200 ETH for approximately 515 BTC through open-market transactions valued at $49.48 million.
• Make-A-Wish International now accepts bitcoin donations. "Supporting charitable initiatives with cryptocurrency sends the message that crypto has a purpose beyond financial gains—it can change lives and create meaningful social impact. Critical illness steals childhood from a child but, through helping to grant wishes, this unique group of donors has the power to restore childhood and build resilience in these children," said Luciano Manzo, President and CEO at Make-A-Wish International.
• Canton of Bern, Switzerland, greenlights a feasibility study on Bitcoin mining. The study will examine three main areas: locating excess energy in the canton, exploring partnerships with Swiss miners, and assessing mining’s effect on power grid stability. It uses Texas as a reference, where integrating mining into energy policies has proven successful, reports Atlas21.
• Wolfsberg Group creates 'Definitional Hierarchy' for ML/TF risks in digital assets. The Wolfsberg Group issued a FAQ addressing financial crime risks of digital assets to establish a "definitional hierarchy" that aligns AML/CFT evaluations for banks and policymakers. They have also failed to respond to inquiries about their significantly flawed definitions, reports Will Jager for The Rage.
• FROST developer meeting will take place on December 4. Organized by Blockchain Commons, it is aimed at developers who want to incorporate FROST into their wallets and related software. More details are available here.
• SATS’N’FACTS Bitcoin Technical Unconference is set to take place from February 8–10, 2025, in Chiang Mai, Thailand. Learn more and register here.

Use the tools

• Tails v6.10 fixes support for Trezor wallets in Electrum, resolves an issue that prevented Tails desktop to open with fewer memory, disables saving telemetry data in Thunderbird, and more.
• NostrDVM v1.0.1, a Python framework to build and run NIP-90 Data Vending Machines, has been released. Code, instructions, and tutorials are available here.
• 0xchat v1.4.3 addresses several issues, including the inability to add inbox/outbox relays, push notifications for voice calls having no sound, lag when loading private chat videos, and custom emoji reactions not being displayed.

• Nunchuk Android v1.9.55 and iOS v1.9.59 have been released with bug fixes and improvements.
• Phoenix Server Lightning Wallet is a Lightning wallet for Start9 and Umbrel built on top of a Phoenix server.
• Nosey is a high-performance search web app for the Nostr protocol.
• Openvibe v1.4.3, the app that aims to connect the open social web, introduces local Mastodon timelines, private replies, and UX upgrades.
• Voyage v0.17.0, a lightweight Nostr client for Android, introduces the ability to create polls, filter the HomeFeed by 'roots, cross, and polls,' various performance and UI improvements, and more.
• Pokey v0.1.1-alpha, a pull notification app for Nostr events, adds NIP-05 picture display, prepares code for multi-account support, and includes architecture-specific APKs.
• Core Lightning v24.11 rc2 is now available for testing.
• Stack Wallet v2.1.8 introduces the ability to set Tor/Clearnet options for individual nodes, temporarily disables Paynym functionality, and adds support for view-only wallets.

Other stuff

• Bitcoin Optech newsletter #331 summarizes several recent discussions about a Lisp dialect for Bitcoin scripting.
• HRF's Weekly Financial Freedom Report #51 is available here.
• Learn how to integrate BTCPay Server with Odoo stores here.
• Here's the latest blog post on how Bitcoin Virtual Channels can bring instant settlement to the Ark protocol.
• Crypto Guide shared a tutorial on Specter Shield Lite - a low-cost add-on for the Specter DIY hardware signer.

• Do you want more? Subscribe and get No Bullshit GM report straight to your mailbox.
• Follow No Bullshit Bitcoin on Nostr.
• Feedback or news tips? Drop it here.