Income

Cryptocurrency trading and investment have been gaining significant traction since the outbreak of COVID-19 pandemic. As people found themselves locked down and jobless, seeking for any additional source of income became a pressing need.

Officers of the Cybersecurity Department of Latvian Police exposed the activity of an organized gang of cybercriminals. During the operation, the law enforcers confiscated cash and cryptocurrency in the amount exceeding 110,000 Euro.

Another group of criminals exposed by European police. This time it was a group of pirates running their own streaming service with over 40,000 channels offering various kinds of content.

The United States tax authority, the Internal Revenue Service (IRS), is looking for an outside firm (contractor) to help with crypto asset tax calculations and produce a clear income statement.

While most of the world is in a lockdown due to the COVID-19 pandemic, many people have lost their jobs or sources of income. While searching for a way to improve the situation, it is rather easy to fall victim to a fraudulent scheme.

The lottery market is one of the few industries that has been steadily growing at above-average rates for decades.

US Tax body Internal Revenue Services (IRS) is demanding that American Citizens who hold cryptocurrency deposits in their wallets be taxed. The tax agency sent warning letters to more than 10,000 cryptocurrency holders over failure to pay appropriate taxes or falsifying taxable income.

Some tax experts in South Korea suggested that they first adopt low-level transaction taxes for the practical application of cryptocurrency taxation, and then gradually switch to applying capital gains tax. In the absence of a cryptocurrency-related bill, it is difficult to track all of the trading profits of investors, so it is reasonable to initially introduce a trading tax that proves only the existence of a transaction.

Due to the massive Coronavirus (CoV) outbreak in China, a lot of academic institutions have suspended school term.