Augmentors step into alpha stage

AR game with in-game cryptocurrency market powered by Databits on March 29 is starting its alpha testing with 5 characters available and basic matchmaking
22 March 2018   1425

Augmented reality creature battle game built on Bitcoin network Augmentors is launching alpha testing of the game. The event called 'Token Holder Alpha' will take place from March 29 till April 2 (previously it was till March 30, but the period was extended due to the fact that in most parts of the world this timeframe is going to be long weekend). Players will be able to use 5 starter creatures during the alpha testing and Augmentors team will be online throughout the whole phase to battle against players as well as player themselves will be able to engage each other.

Augmentors also upgraded ARCore to version 1.0 and thus more devices have now become compatible with the game engine. Along with that, a basic non-AR mode is also introduced as Early Backer Alpha stage testing revealed players troubled with AR constrictions (for instance, finding suitable playing surface).

In order to play Augmentors, users need to first buy creatures and other game items in the Creatures store with Databit - a Bitcoin meta-token. To be eligible for Token Holder Alpha, players need to sign up for it, hold Databits (DTB), and share DTB wallet address, current mobile device and country of origin when signing up.

At the moment of publication, the market indicators for Databits are as follows:

Average price: $0.571445

Market cap: $12,999,121

Volume (24h): $14,135

Israeli BTC Investors to Face Catch 22

They need to pay taxes from Bitcoin investing in order to avoid their property arrest, but banks don't take their money due to AML issues
06 August 2019   180

Bitcoin investors in Israel are faced with the impossibility of paying taxes, as local banks refuse to accept funds received from the sale of cryptocurrencies because of the risks of money laundering and terrorist financing. About this writes the local edition of Haaretz on August 6.

Bitcoin is not recognized as a currency in Israel, therefore, individuals must pay 25% of the income from cryptocurrency trading to the treasury, and legal entities - 47%.

Investor Ron Gross told the publication that he acquired bitcoins in 2011 and reported his income to the tax office. In 2017, the bank that served Gross began to refuse to accept funds received from the sale of bitcoins. The investor met with representatives of the bank to demonstrate to them a 70-page history of bitcoin transactions as confirmation of the origin of the funds, but failed to convince them.

The tax authority is aware of the problem, but they say the ball isn’t in their courts. I’ve tried working with almost all the banks, but the minute they hear the word ‘Bitcoin’ they freeze up.
 

Ron Gross

Bitcoin investor from Israel

 

Since Gross was unable to pay taxes on time, his bank account, home, and even scooters were arrested. According to the investor, the tax authorities know about the problem, but can do nothing.

According to Haaretz, the tax office is aware of $ 86 million in unpaid taxes on income from cryptocurrency trading. It is possible that the real amount may be significantly higher.

Roy Arav, another Bitcoin investor, kept the proceeds from trading Bitcoin in an account with Israeli bank Discount under the control of the Bit2C exchange. The bank refuses to transfer money to Arava’s personal account under the pretext that its politicians forbid it to transfer funds related to virtual assets to client accounts due to the risks of money laundering and terrorist financing.

Arav also could not pay taxes and was forced to sue the bank. According to the investor, the authorities entered his position and granted him a deferral of time for the consideration of the claim.