• Ledgible unveils a newly revamped website and interface for their digital asset tax and accounting solutions.
• Ledgible offers a variety of digital asset accounting and data aggregation tools for institutions and enterprises.
• Ledgible’s platform allows for seamless API connections, providing a foundation for tax and accounting for crypto.

Ledgible, the leading digital asset tax and accounting solution for institutions, professionals, and investors, recently announced the launch of their newly revamped website and interface. This announcement comes just in time for the 2022 US tax season, as tax filers and professionals are gearing up for the highest volume digital asset tax filing season ever in the US.

Ledgible offers more than just digital asset tax solutions. They are also a top provider of digital asset accounting and digital asset data aggregation tools for companies like FIS, Thomson Reuters, Wolters Kluwer, Interactive Brokers, and more. Their platform takes the headache out of managing digital asset data, providing month-end reporting, analyzing balances, managing crypto funds, and integrating with existing accounting software.

Ledgible’s platform is more than just a SaaS platform. It is also equipped with a proprietary data layer, allowing for quick access to crypto data aggregation and normalization for institutions and enterprises. Ledgible’s platform and API connections provide a foundation for tax and accounting for crypto. This platform is designed to be scalable and secure, allowing for integrations with banking systems and augmentation of traditional financial reporting software.

Ledgible’s newly revamped website and interface makes it easier than ever to explore their various digital asset solutions, connect with support, and register. Their platform is designed to be the ultimate foundation for tax and accounting for crypto, and their new website allows users to quickly and easily access these solutions.

• A hacker in Ho Chi Minh City, Vietnam was sentenced to 10 years in jail for stealing $13,000 USD from a cryptocurrency exchange.
• The hacker, Nham Hoang Khang, was charged with extortion and ordered to return the stolen money.
• Khang gained access to the exchange by exploiting vulnerabilities and obtaining personal data of 29,000 customers.

A hacker has been sentenced to 10 years in jail for stealing 300 million Vietnamese dong (around $13,000 USD) from a cryptocurrency exchange in Ho Chi Minh City, Vietnam. Nham Hoang Khang, the hacker, was charged with extortion and ordered to return the stolen money on Friday by the city’s People’s Court.

The crypto exchange was established by Vu Ngoc Chau in 2018 to connect potential buyers and sellers of cryptocurrencies, taking a fee for the transactions it facilitated. Users were required to open accounts and provide personal information such as phone number, email address and a copy of an ID document.

In October 2020, Khang used his phone to create multiple accounts on the platform. He discovered that the website, T-rex.exchange, had several vulnerabilities that could be exploited to get hold of both data and digital currency. The following month, the hacker managed to gain control over the account of a T-rex employee, allowing him to access around 30,000 USDT. The team detected the unusual transactions and locked the account to prevent further operations with the cryptocurrency.

Once he found that he no longer had access to the compromised account, Khang obtained the personal data of 29,000 customers and created a large number of fake orders while threatening with further cyberattacks. The owner of the exchange, Vu Ngoc Chau, was forced to pay the hacker to return the stolen data and money.

The Vietnamese Court has now ordered Khang to return the stolen money and sentenced him to 10 years in prison for his actions. The case has highlighted the importance of cybersecurity for crypto exchanges, especially in countries like Vietnam where there are still no legal regulations for the sector. It is hoped that this case serves as a warning to other potential hackers who may be targeting cryptocurrency exchanges.

• ViaBTC Capital has become a prominent institution within the blockchain space in 2022, investing in distinctive projects such as SingSing, ZKX Protocol, Sparkadia, Port3, PEPO, Orderly Network, Aperture, and WOO.
• ViaBTC Capital has also reached strategic partnerships with public chain ecosystems such as Near (MetaWeb Ventures), Metis, and Avalanche.
• Despite the sluggish crypto market this year, the institution has built a robust, diversified portfolio while improving its post-investment services.

The year 2022 has been a difficult one for the global financial markets, with economic growth slowing to a crawl. The crypto market has also been affected, entering a prolonged bear period. Despite these challenging conditions, the crypto industry has still managed to raise more funds in the first half of the year than it did in 2021, proving that the bear market also offers premium categories and projects to those who are willing to invest in them.

One such investor is ViaBTC Capital, a new institutional investor focusing on blockchain. Since its inception, the institution has sought to leverage the technology, talent, project, and capital of the blockchain space in order to build an all-encompassing, globalized blockchain investment ecosystem. This year, ViaBTC Capital has invested in a number of distinctive, promising projects, such as SingSing, ZKX Protocol, Sparkadia, Port3, PEPO, Orderly Network, Aperture, and WOO.

In addition to investing in projects, ViaBTC Capital has also formed strategic partnerships with public chain ecosystems such as Near (MetaWeb Ventures), Metis, and Avalanche. By sharing resources, the institution is able to empower each other and deliver win-win results.

Remaining dynamic in today’s bear market, ViaBTC Capital has built a robust, diversified portfolio while also improving its post-investment services. In particular, the institution has focused on infrastructure and data services, with an emphasis on ZK technology and applications.

In summary, despite the challenges of the bear market, ViaBTC Capital has managed to make significant strides in its investments and partnerships this year. By carefully selecting projects and forming strategic partnerships, the institution has been able to create a robust, diversified portfolio and deliver win-win results. It is an encouraging sign for the future of the crypto industry.

• Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has revealed why he is buying more Bitcoin.
• He warned that the U.S. Securities and Exchange Commission (SEC) will „crush“ most other crypto tokens with its regulations.
• He is investing in Bitcoin because it is classified as a commodity by the SEC, much like gold, silver, and oil.

Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, has recently revealed why he is investing in Bitcoin. Kiyosaki, who has sold over 32 million copies of the book in over 51 languages across 109 countries, said he is “very excited” about investing in the cryptocurrency.

The reason for this excitement is the fact that Bitcoin is classified as a commodity by the U.S. Securities and Exchange Commission (SEC). According to Kiyosaki, this means that Bitcoin is treated much like gold, silver, and oil, and is therefore not subject to the same regulations as other crypto tokens. The SEC Chairman, Gary Gensler, has made it clear that Bitcoin is a commodity while most other crypto tokens are securities.

Kiyosaki warned that this classification could have a major impact on the other crypto tokens, as the SEC will have the power to “crush” them with its regulations. He said that this is why he is investing in Bitcoin, as it is the only cryptocurrency that is not subject to the same regulations.

The SEC has been criticized for taking a tough stance on cryptocurrencies, with some arguing that it is stifling innovation in the sector. However, Kiyosaki believes that this is necessary in order to ensure the integrity of the market.

Kiyosaki’s comments come at a time when Bitcoin is enjoying a surge in popularity, with its price reaching an all-time high in 2021. Kiyosaki believes that this is a sign that people are beginning to realize the potential of Bitcoin and other cryptocurrencies, and he is urging investors to take advantage of this opportunity.

Overall, Robert Kiyosaki has made it clear that he believes Bitcoin is the best option for investors due to its classification as a commodity. He believes that the SEC’s regulations will have a major impact on other crypto tokens, and that investors should take advantage of the opportunity presented by Bitcoin.

• Ethereum’s transition from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network has resulted in a significant decrease in the issuance rate of new coins, which is now 0.014% per annum.
• Ethereum’s simulated PoW inflation rate per year would have been 3.58%, or approximately 1,247,674.60 ether added to the supply.
• The Ethereum network has a burn mechanism, and records show roughly 658,000 ether is burned each year, with 2,795,773 ether or $8.78 billion in U.S. dollar value has been burned by destroying ETH since the Aug. 5, 2021 London Hard Fork.

Since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network on September 15, 2022, there have been significant changes to the issuance rate of new coins. According to metrics, Ethereum’s issuance rate of new coins has dropped considerably and only 4,790.45 ether has been minted since The Merge took place. In contrast to the simulated PoW inflation rate of 3.58% per year, Ethereum’s current issuance rate of new coins per annum is 0.014%.

This is a significant difference, as if ETH remained a PoW chain during the last 105 days, then approximately 1,247,674.60 ether would have been added to the supply. This would have amounted to $1.5 billion in value added, rather than the $5.7 million that has been added since the transition.

In addition to the lower issuance rate, Ethereum also has a burn mechanism, and records show roughly 658,000 ether is burned each year. This has been a successful strategy, as to date, 2,795,773 ether or $8.78 billion in U.S. dollar value has been burned by destroying ETH since the Aug. 5, 2021 London Hard Fork. Data from Dune Analytics indicates the biggest leader in terms of the number of ETH burned is tied to the Ethereum 2.0 network, with over 1.2 million ether burned since the launch of the beacon chain.

Overall, the transition to the proof-of-stake network has had a great effect on the issuance rate of new coins, as well as the burn mechanism. The decrease in new coins has been incredibly beneficial, and it is expected that the number of Ethereum validators will surpass 500,000 in 2023.