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Payroll tax holiday

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News Date: August 8, 2020

President Donald Trump's first executive order today provides a payroll tax holiday to Americans earning less than $100,000 per year.
The administration is also looking at cuts to income taxes for lower and middle-income individuals, as well as cuts capital gains taxes.
Source:https://twitter.com

Multichain integrates XRP Ledger

Multichain is supporting XRP Ledger (XRPL) for cross-chain connection with EVM and non-EVM compliant blockchains.
Multichain was born as Anyswap on the 20th July 2020 to service the clear needs of different and diverse blockchains to communicate with each other.
As a cross-chain infrastructure, Multichain facilitates interoperability across different networks and enables seamless transfers of assets and values.
With a constantly growing family of non-EVM and EVM chains (now 39), Multichain is the leader in the cross-chain field.
Its sustained daily volume of more than $200 million, its Total Value Locked in excess of $6 billion, and its thousands of daily users are testament to its popularity and security.
Source: medium.com

Russia will abolish the VAT (tax) on bullion

The government will abolish the VAT (tax) on bullion.
This Bill will go to the State Duma on March 4.
Going forward - when purchasing gold bars or other precious metals from a bank, the 20% current tax on top of its value will not apply.
This is a way to ensure people can invest securely in something other than the dollar (usually people hold their cash in dollars as the ruble is volatile.)
PM advises foreign businesses that competitors will take their place.
This is a step toward treating gold and silver as money instead of as commodities.
Source: t.me

Putin urges for an international independent Digital Payment System

Vladimir Putin Urges for Creation of a Digital Payment System for International Settlements.
President of Russia Vladimir Putin has called for the establishment of a new system for international settlements, independent from banks and third-party interference.
It can be created using digital currency technologies and distributed ledgers, the Russian leader said, quoted by local media.
Sources: news.bitcoin

Judy Shelton for Fed board, return to the gold standard

Senate banking panel to resume considering Judy Shelton for Fed board.
The nomination of Shelton appeared in jeopardy earlier this year as Republicans and Democrats on the banking panel expressed concerns over her views on the independence of the Fed from the White House, as well as her advocacy in the past for returning the United States to the gold standard.
Source: www.washingtonpost.com

SpaceX launched another 49 Starlink satellites

It's been a busy January! No better way to start the New Year.
SpaceX launched another batch of 49 Starlink satellites to orbit aboard a flight-proven Falcon 9 rocket from Launch Complex 39A at Kennedy Space Center (KSC).
This was the third mission for SpaceX in 2022, as the company had already launched the Starlink Group 4-5 and Transporter-3 missions this month.
In addition, this mission marked a quick turnaround for LC-39A, as Starlink Group 4-5 also launched from the same pad on January 6.
Source: SpaceForceDoD

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