Bitcoin God hardfork implemented

Another hardfork of Bitcoin launched with 2 days delay
27 December 2017   3640

Bitcoin God successfully "forked" from the original Bitcoin at block 501 225.

It is worth noting that initially Bitcoin God was planned to be "born" on 25th 2017. According to official website, Bitcoin God is a borderless non- profit peer-to-peer organization.

Bitcoin God is a completely self monitored decentralized community. The community will decide on the quantity and receivers of its tokens. The tokens mined each day will be used for charitable purposes, out of which, 17 million will be airdropped to the current holders of Bitcoins (close to the outstanding amount of BTC). The remaining 4 million will be airdropped for charitable donation. The process will be via users sharing their wallet address to our social network, and the community will vote to decide on the ratio and amount of airdrops. Bitcoin God will become the first charity platform built on a blockchain. Our goal is to fill the world with love and make the world a better place!
 

Bitcoin God Team

Developers state next advantages:

  • Smart contract
    • With smart contract technology, developers can issue assets and build applications on the blockchain, which makes GOD a token of value and utility
  • Large block size
    • Implemented to solve the notorious network congestion problem and to increase practical value, the Bitcoin God network will be the most efficient and smooth digital currency network
  • POS mining
    • POS makes professional mining machine unnecessary for users and reduces the power consumption. POS is more of true decentralization than POW mining
  • Lightning Network
    • Real-time and mass trading networks can be realized without trust issues of third parties
  • Zero- knowledge proof
    • Implemented to provide confidentiality of payment,while enabling the public blockchain to maintain a decentralized network

At official website there is a big list of exchages that "have expressed their support".

But we were able to find a proof only from HitBTC and YoBit. 

Our exchange is going to support both Bitcoin forks, [Bitcoin God and another Segwit2x] should they happen. We will be updating this post with further information on how we are going to proceed in each case, kindly check back on the news.
 

HitBTC Team

Yobit reported on Bitcoin God (ticker - GOD) balances charge. 

The road map of the project says that the main network will be launched roughly in the first quarter of 2018. The implementation of smart contracts and Zero-knowledge proof protocols is scheduled for the II and III quarters, respectively.

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   142

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.