Possible Bitcoin creator says no to SegWit2x

Nick Szabo added the abbreviation [NO2X] to his Twitter nickname
08 November 2017   1109

Well-known crypto specialist and researcher in the field of smart contracts Nick Szabo added to his name on Twitter the abbreviation [NO2X], which serves as a distinctive sign of opponents of the SegWit2x hardfork.

It happened on the night of Wednesday, November 8, and many users paid attention to this fact. Nick Szabo himself has not made any announcements about SegWit2x's hardfork, in his Twitter feed there was a retweet of bitcoin-investor Stephen Cole with an attached screenshot of Alex Morkos's quotation from Chaincode Labs.

The highlighted fragment of the text emphasizes that the developers of SegWit2x have not implemented protection against replaying transactions, and calls on companies still supporting hardfork to ask themselves why they are part of this most massive destabilization of the network over the entire history of bitcoin .

Nika Szabo, who in 1998 developed the algorithm of decentralized digital currency and called it "digital gold" (bit gold), is often associated with Satoshi Nakamoto, although he himself denies his involvement in the creation of bitcoin.

The fact that Sabo added the abbreviation [NO2X] to his name on Twitter, Litecoin's creator Charlie Lee noticed too.


Crypto Taxpayers to be supported in India

Cleartax, the largest Indian tax filing platform joins Zebpay exchange to help crypto taxpayers
24 March 2018   100

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 news.Bitcoin.com 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.