Bytecoin to Release New Stable API

New, stable Bytecoin wallet, new design, features, and a fast synchronized blockchain will be available for Bytecoin users from March 20
14 March 2018   305

Bytecoin is a private, decentralized cryptocurrency with open source code that is designed to allow users to take part in the Bytecoin network development. The coin is aimed at providing privacy and security for people using Bytecoin. The reliability of Bytecoin is defined by the total computational power of all the computers that take part in the processing of transactions.

As it is stated in the roadmap of Bytecoin, development team is working hard on the project, and it has already release the public new API beta version on February 6, 2018. The release of the new stable API is scheduled for March 20, 2018.

Bytecoin roadmapBytecoin Roadmap

The new stable API will be concerned with the release of a new, stable Bytecoin wallet, and new design, features, and a fast synchronized blockchain will be available for Bytecoin users from March 20.

As for the future development plans of Bytecoin, the Hardfork will be implemented on June 12, including a new dynamic fee system and deconstruction of the old API. All users are recommended to move to the new wallet by that time.

At the moment of press, these are main market parameters of Bytecoin:

Average price: $0,002915
Marketcap: $535 794 413
24h volume: $4 493 720

Crypto Taxpayers to be supported in India

Cleartax, the largest Indian tax filing platform joins Zebpay exchange to help crypto taxpayers
24 March 2018   102

The object of this partnership is to educate Bitcoin traders and investors about the current tax laws and how to apply them in stating cryptocurrency profits and incomes. Indian authorities are aimed to find the best approach to Bitcoin and the other kinds of cryptocurrencies. The recent declarations of the regulators that new instructions would be accepted in a short time, have not been followed by real actions. So the attempts to enforce the control on this sphere have led to summaries that this task in not going to be simple at all. According to last month media reports, new frameworks and rules were waited by the end of March.

Though they failed to to introduce extensive regulations, the Indian authorities are focused to tapping into crypto earnings. In a previous month the Income Tax Department released notifications for thousands of cryptocurrency investors, as reported.

The Cryptocurrency Advisory Plan will help Indian bitcoin investors and traders in this year's tax campaign. The biggest tax filing platform Cleartax joins the Indian bitcoin exchanges and wallet providers Zebpay. They are both objected to support taxpayers to understand and abide by the law regarding taxation of the transactions with cryptocurrencies.

Cleartax declared it has the tax and technological expertise “to help people understand how bitcoin works”. Besides, the platform has started tax filing services for cryptocurrency investors. The Cleartax CEO and founder Archit Gupta claimed that together with Zebpay they are going to “simplify taxes for Indians”. The head of exchange at Zebpay, Nischint Sanghavi added that he believes the partnership with Cleartax will simplify tax planning for Zebpay`s customers.

In February about 100,000 cryptocurrency investors received tax notices from India`s Income Tax Department. Questionable dubious transactions, authorities investigated some of the cryptocurrency exchanges, and banks paused many of their accounts. Then the governmental pressure caused significant drop in trading volumes.

The authorities in Delhi have set a number of warnings against investing in BTC. Also the largest commercial banks have restricted severely the operations of local exchanges and individual cryptocurrency traders, even before any law demanding such measures is adopted.