An Israeli court has ruled that bitcoin is an asset and not a currency, and thus subject to capital gains tax (CGT).
The Central District Court made the ruling in a case involving a blockchain startup founder and the Israel Tax Authority, which ultimately won the decision, Globes reported Tuesday.
Binance announced that a “large scale security breach” was discovered earlier on May 7, finding that malicious actors were able to access user API keys, two-factor authentication codes and “potentially other info,” the exchange’s CEO, Changpeng Zhao, said in a letter. As a result, they were able to withdraw roughly $41 million in bitcoin from the exchange, according to a transaction published in the security notice.
Qualcomm released its quarterly report with some pretty juicy details about the deal with Apple. The chip company will score between $4.5 billion and $4.7 billion in revenue from the settlement with Cupertino that saw Intel quit the 5G modem market.
People have been trying to turn seawater into drinking water for thousands of years, but the process is not usually energy-efficient or affordable.
At a newly constructed facility in Kenya, however, a nonprofit called GivePower is tackling that challenge using solar power.
The desalination system, which started operating in the coastal area of Kiunga in July 2018, can create 19,800 gallons (75,000 liters) of fresh drinking water each day enough for 25,000 people.