via apNews – WASHINGTON (AP) — States will be able to force shoppers to pay sales tax when they make online purchases under a Supreme Court decision Thursday that will leave shoppers with lighter wallets but is a big win for states.
More than 40 states had asked the high court to overrule two, decades-old Supreme Court decisions that they said cost them billions of dollars in lost revenue annually. The decisions made it more difficult for states to collect sales tax on certain online purchases.
On Thursday, the Supreme Court agreed to overturn those decisions in a 5-4 ruling. The cases the court overturned said that if a business was shipping a customer’s purchase to a state where the business didn’t have a physical presence such as a warehouse or office, the business didn’t have to collect the state’s sales tax. Customers were generally responsible for paying the sales tax to the state themselves if they weren’t charged it, but most didn’t realize they owed it and few paid.
Justice Anthony Kennedy wrote that the previous decisions were flawed.
“Each year the physical presence rule becomes further removed from economic reality and results in significant revenue losses to the States. These critiques underscore that the physical presence rule, both as first formulated and as applied today, is an incorrect interpretation of the Commerce Clause,” he wrote in an opinion joined by Justices Clarence Thomas, Ruth Bader Ginsburg, Samuel Alito and Neil Gorsuch.
Continue reading US Supreme Court: Online shoppers can be forced to pay State sales tax
Don’t expect India’s 1.3 billion residents to be investing in Bitcoin or other virtual currencies any time soon.
According to a new report from the Economic Times, the Reserve Bank of India, the country’s central bank similar to the U.S. Federal Reserve, has issued a blanket ban on all cryptocurrency trading.
You will not be able to buy cryptocurrency via banks or e-wallets etc. in India anymore as Reserve Bank of India (RBI) has banned them with immediate effect from “dealing with or providing services to any individuals or business entities dealing with or settling virtual currencies”.
Continue reading Report: India BANS Bitcoin Wallets, Bank Funding, All Cryptocurrency Services: “Entities Which Already Provide Such Services Shall Exit The Relationship”
via The Daily Economist – Whether hyperbole or actual fear, the IMF has now raised the stakes in the call for sovereign governments to establish a regulatory framework over the cryptocurrency sphere.
In a report released on March 16 that will provide context to the upcoming G20 summit in Buenos Aires, IMF Chief Christine Lagarde gave the bank’s insight on what they believe should be done to regulate the growing cryptocurrency industry, and at one point intimated that its decentralization could have real effects in helping to undermine the global financial system.
Continue reading IMF informs upcoming G20 that cryptocurrencies could play a role in undermining the global financial system
Nearly two-and-a-half years after the CFTC officially declared that bitcoin and cryptocurrencies more broadly would be regulated like securities, a federal judge has ruled that the agency does, in fact, have the authority to regulate the fledgling asset class, according to the same rules governing energy and metals, effectively defining cryptocurrencies as commodities.
US District Judge Jack Weinstein ruled that the CFTC had the standing to bring a fraud lawsuit against New York resident Patrick McDonnell and his company Coin Drop Markets, permitting the case to move forward. Weinstein also preemptively barred McDonnell and CDM from engaging in commodity transactions, according to coindesk.
“Virtual currencies are ‘goods’ exchanged in a market for a uniform quality and value. … They fall well within the common definition of ‘commodity’,” the judge wrote in the order on Tuesday.
Continue reading Cryptocurrencies Should Be Regulated Like Commmodities, Judge Rules
by belisoful – In lak’ech ala K’in.
The first beta release of a NiftyHash 1.0b3 is now available for download. This is the first Mr. NiceHash specific client for the Apple Mac. It supports all the typical functionality and adds a few new elements for usability. This is a Graphical User Interface (GUI) for command line mining software. This makes it easy to use your computer to mine.
Download the NiftyHash client: NiftyHash1.0.0b3.dmg.zip (17.1MiB)
- Download the client v1.0b3.
- Run the Benchmarks to analyze performance.
- Enter your Bitcoin address. If you don’t have one, sign up with nicehash.com for a Nice Hash Wallet.
- Turn “on” the Miners to start mining.
Continue reading NiftyHash: An Apple Mac Mining GUI client for Mr. NiceHash
via Zero Hedge – Another dip to be bought as the weekend’s pump’n’dump in Bitcoin has led to yet another new record high this morning at $11,850.
Bitcoin’s market cap is now $200 billion…
This resurgence comes after a week of considerably more active propagandizing from the establishment.
As we noted previously, this week has seen a new group of establishmentarians jump on to the offensive against anti-decentralization, de-control, pro-freedom cryptocurrencies – urging bans, crackdowns, fatwas, taxation, creating their own cryptocurrencies, demanding citizens sell, and outright confiscation (this group includes governments world wide and their mainstream media mouthpieces)…
Continue reading Bitcoin Jumps To New Record High $11,850 As Governments, Regulators, Bankers Panic
CBOE Global Markets said on Monday it would begin trading its bitcoin futures contracts, known as XBT futures, next Monday, and will offer free trading for the rest of the month to help draw in traders and create a market. Both the CBOE and its crosstown rival, CME Group, received permission last week from the CFTC to launch bitcoin derivatives as they go head-to-head in a battle to determine which exchange will come to dominate the market for bitcoin-linked derivatives, the Financial Times reported. CME Group, the world’s largest derivatives exchange, won’t launch its set of bitcoin derivatives until the following Monday.
Both exchanges are hoping that rising interest in the controversial cryptocurrency from Wall Street traders will in turn help drive demand for its new derivative products. A flood of interest has gripped the digital currency community as Bitcoin’s value has ballooned this year, at one point climbing 1,100%: Early on Monday, the digital currency rose to an all-time high just shy of $12,000 a coin – nearly six times its level from early April.
Many institutional investors have been eager to trade bitcoin, but are waiting for a more widely recognized, regulated market. Shares in both CME and CBOE have risen 9% since the end of October as they have firmed up their plans.
Ed Tilly, chief executive of CBOE, said there is “unprecedented” interest in bitcoin.
Continue reading CBOE Bitcoin Futures Trading To Begin On Dec 10th – Not All Brokers Enthused
May 1st & 2nd, 2017 – via The Daily Coin – by Rory – On April 11th, the CME and England’s Royal Mint announced that they were testing a blockchain-based platform for trading gold. The product to be traded is a new crypto-coin called, Royal Mint Gold (“RMG”). The token will be issued by the Royal Mint and will represent the digitized version of 1 gram of gold. The gold will be stored in the Royal Mint’s vaults.
This news announcement, which was reported by The Daily Coin “CryptoGold and Thieving Banksters” certainly caught our attention. The fact that the CME is involved is enough to shine the light of truth on precious metals trading and ownership. This is because the concept of a “new alternative way to trade gold” is an extension of the “fractional gold and silver bullion market” that is driven by the paper derivative precious metals products traded on the Comex and the LBMA.
The truth is that this new “blockchain-based” technology is nothing more than a mechanism to divert investor money away from taking delivery of actual physical gold and silver in the form of Royal Mint bullion coins and LBMA bars, thereby removing the availability of physical gold and silver that can be used for hypothecation. Furthermore, the new product is an extension of the institutional-level fractional bullion system that utilizes Comex/LBMA paper gold and silver contracts in order to fabricate the illusion that the buyers of those contracts have purchased legal ownership the underlying bullion bars. Below is an excerpt from the Royal Mint’s website which promotes the new concept:
Continue reading The CME Extends The Paper Fraud To The Coin Market
By: belisoful© 2017.06. 29 (Los Vegas, North America)- A new Robotic bar has been developed in Los Vegas, Nevada called “The Tipsy Robot.” The bartender is a robot and makes the perfect drink and nearly identical drinks each time. This Robotic Bartender doesn’t take tips nor gives any advise/crack-ups. Wages? Forget it.
The development fees were probably relatively high for a restaurant but the long term costs would be minimized. The novelty and first mover advantage is perceived as profitable. The Robotic take-over of service jobs has begun. This AI Robotic Revolution won’t stay in Los Vegas. Indeed, McDonalds is replacing 2,500 workers with kiosks and Walmart is cutting 7,000 due to robotic automation.
The jobs left for humans are getting cleared out. This is reason alone for “Universal Guaranteed Basic Income” for all “human Persons.” The United States has required Universal Basic Income since 1938. Canada is putting Universal Basic Income to the test. The need for such measures was never so pressing, as the world falls further into unrecoverable debt. The Debt Bubble is the greatest bubble ever designed by International Bankers.
Continue reading The AI Revolution Won’t Stay in Los Vegas- New Bar “The Tipsy Robot” Replaces Bartenders with Digital Machines
The brazen move by the United States to legalize cryptocurrencies seem to be to control it, make it illegal, to stop the perception that Federal Reserve notes are both worthless and valueless, and to recapture its realizing value back into a dying debt-money system of injustice; particularly financial injustice.
(WASHINGTON, DC) The new Bill S.1241 titled *Combating Money Laundering, Terrorist Financing, and Counterfeiting Act* of 2017 makes it illegal to have and transact in cash and digital currencies/cryptocurriencies without registering the amounts and trades with a local bank.
The Money Laundering Act conceptually declares digital crytpo-currency mining, usage, and holding an act of money laundering and counterfeiting, particularly in regards to Federal Reserve Notes maintaining their fictitious Valueless Perception of Worth.
Meanwhile: Continue reading United States seeks to Criminalize Cash and Cryptocurrencies in New Bill; While Russia, India, Japan, China, Australia Legalize and Support
Ethereum Blockchain Used By United Nations For Sending Aid to Syria
United Nations’ World Food Program recently used the Ethereum Blockchain technology to send, record and verify aid to 10,000 Syrian refugees.
JUNE 18, 2017 By Joshua Althauser
The United Nations World Food Programme uses the Ethereum Blockchain to transfer vouchers based on cryptocurrencies to refugees in Syria. The platform was able to transfer cryptocurrency vouchers to a total of 10,000 people. It was done through another platform that was created by Parity Technologies.
Parity Technologies is a startup company led by Ethereum co-founder Gavin Wood.
“Funds that were sent to the refugees were specifically used for buying food. With the success of this project, the World Food Programme (WFP) plans to extend the project even further to cover 100,000 people in Jordan by late 2018.”
With this, the UN is planning more Blockchain technology-related projects that can help them move aid to disaster-stricken countries even faster.
Continue reading Ethereum Blockchain Used By United Nations For Sending Aid to Syria
June 20th, 2017– Gregorian Date
(WASHINGTON, DC) Senator Chuck Grassley introduced Bill S.1241 — 115th Congress (2017-2018) -a Bill titled Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017– last May 25th, 2017. The Money Laundering Act makes it illegal to have and transact in cash and digital currencies/cryptocurriencies without registering the amounts and trades with a local bank.
The Money Laundering Act conceptually declares digital crytpo-currency mining, usage, and holding an act of money laundering and counterfeiting, particularly in regards to Federal Reserve Notes maintaining their fictitious Valueless Perception of Worth. Requiring the registration of all digital currency holdings and transactions in the U.S. is an attempt to brazenly legalize (fictionalize) the all digital currency networks under the “legal jurisdiction” of a criminal government. After the United States succeeds, all UN Member Nations interested in continued debt slavery could act to implement such measures, in kind. It is a power grab of the Commons by the United States Corporation over a Constitutionally First Amendment Protected Freedom of Speech Medium (digital currencies) and non-legal trade that governmental corporations cannot control nor profit from (with debt mechanisms).
The “Terrorist Financing” label being used by US Senators was to undermine all legitimate commentary on the topic. Indeed, the Act itself is an act of terrorism upon the Digital Commons and Digital Rights. It is a usurpation of value, rights, and property. The Act violates legal precedence in converting a basic digital right into a “license”, regardless of fees, to outright ban digital currencies. The Money Laundering Act only points out the laundering of worth via valueless debt by the Federal Reserve and seems to merely be an attempt to protect the unlawful DEBT-AS-MONEY Racketeering of Central Bankers.
Continue reading New U.S. Bill: Register All Cash, Digital Currencies, and Digital Transactions With Local Bank, even Steem, Ethereum