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#CryptoCorner: Bitfinex Launches IEO Platform, IRS to Issue New Crypto Guidelines "Soon", PewDiePie Propels Blockchain-Based Streaming Platform DLive

 

Point Roberts, WA and Delta, BC - May 21, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.

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#CryptoCorner: Bitfinex Launches IEO Platform, IRS to Issue New Crypto Guidelines "Soon", PewDiePie Propels Blockchain-Based Streaming Platform DLive

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Crypto Corner

Crypto exchange Bitfinex, along with its subsidiary Ethfinex, has announced in a Medium blog post the launch of its Initial Exchange Offering (IEO) platform, Tokinex. The platform will allow users to access pre-vetted projects in the crypto space as well as secondary market trading of the users' own assets. The press release describes how Tokinex is a benefit to token projects:

Unlike on other exchanges, qualifying projects are only charged a fee if their sale is successful, and projects that successfully raise capital on the platform are subsequently provided with a dual exchange listing, exposing the token to one of the largest pools of liquidity in crypto.

The first token sale will take place on June 13th and details will be revealed May 23rd.

The U.S. Internal Revenue Service (IRS) is working on tax guidance for cryptocurrencies according to a recently published letter. The letter was a response by IRS Commissioner Charles P. Rettig to Rep. Tom Emmer. The latter had requested "further guidance" on crypto taxation, and Rettig wrote that:

"We have been considering these issues and intend to publish guidance addressing these and other issues soon."

CoinDesk reports that Emmer, who is a member of the Congressional Blockchain Caucus, replied with the following:

"I am glad to hear of the IRS' plans to issue guidance on this important issue. Taxpayers deserve clarity on several basic questions regarding federal taxation of these emerging exchanges of value. I look forward to seeing their forthcoming proposal, and working together to serve the American taxpayers."

Nikkei Asian Review reports that Chinese blockchain-based livestreaming platform DLive has seen its user numbers swell by 67 percent after signing YouTube's biggest star PewDiePie. Since then, DLive has more than five million monthly active users and over 70,000 streamers on the platform. PewDiePie, whose real name if Felix Kjellberg, is most well known for his content on gaming and currently has some 95 million subscribers on YouTube. Kat Peterson, co-founder of ReelSix and one of PewDiePie's business managers, said:

"I'm certainly not an expert in blockchain technology, but I do think DLive has the opportunity through the transparency they provide to change the system. It made perfect sense to put the DLive opportunity in front of Felix because of DLive's mission of empowering creators and rewarding their communities, which directly aligns with Felix's goals."

Blockchain company Bitfury has partnered with Astana International Financial Centre (AIFC) in Kazakhstan to develop blockchain-based projects in the country including data centres and education initiatives, according to local outlet The Astana Times. Bitfury CEO Valery Vavilov said:

"We are honoured to work in Kazakhstan in partnership with the AIFC. We are encouraged by their enthusiasm for more transparent systems as well as their commitment to participate in a growing global economy powered by blockchain technology. We look forward to serving the citizens of Kazakhstan and the region in these efforts."

Sam Mowers, Investorideas

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Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment PlatformTM, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com

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