Daily View | Saturday December 04

The following contents are organized and provided by PlatONWorld to spread more information and not represent the position of PlatONWorld. The contents are from third-party platforms, and the accuracy, authenticity, completeness, validity, and real-time nature of the information are not guaranteed.

【LAT】

Total issuance	Circulation	Pledge rate	Total pledge	Number of addresses
10,250,000,000	2,259,570,000	26.42%	1,228,259,928.55	62,674

Data source: https://scan.platon.network/

【Quotes】

Trading pair	24 hours high	24 hours low	24-hour trading volume
LAT/USDT	0.1883	0.1520	64,801,990
BTC/USDT	57598.86	51498.67	15,766
ETH/USDT	4655.00	4038.00	222,795

Data source: Huobi Exchange

【10 days node data】

2021	Active	Candidate	Exiting	Exited
December 04	201	19	3	123
December 03	201	19	3	123
December 02	201	19	3	123
December 01	201	20	4	121
November 30	201	19	5	120
November 29	201	18	4	120
November 28	201	17	4	121
November 27	201	17	4	121
November 26	201	17	4	121
November 25	201	17	6	119

Data source: https://scan.platon.network/

【Industry News】

Virtual currency “mining” activity will be listed as the eliminate industry by Hainan Province.

HainanNetwork, December.3, the Chinese government issued a notice about rectifying virtual currency “mining” activities. It is a step to romote energy saving and emission reduction, Hainan Provincial Development and Reform Commission today issued a notice on Virtual currency “mining” electricity price difference policy, decided to virtual currency “mining” activities like the elimination of the industry, the implementation of differential electricity prices. The notice specifies that the virtual currency “mining” activities as the elimination of industry, the implementation of differential electricity prices, the rate of increase of 0.8 Yuan per kilowatt-hour. We believe that to strengthen the supervision of the electricity market order, to strengthen the screening of users directly involved in the electricity market transactions, and do not allow virtual currency “mining” users to participate directly in the electricity market transactions in any name, do not allow virtual currency “mining” users to enjoy in any way Electricity market concessions. Users who have purchased the electricity power have to withdraw by a deadline. Because it is a policy withdrawal, the price is not 1.5 times the price of power purchased by power grid enterprises as agents for other users.

Indian Government Wants to Add Cryptocurrency to Tax Code

Bloomberg(Dec. 4)– Indians who invest cryptocurrency on inter-platforms may be under the scrutiny of tax officials, as may those who hold cryptocurrencies abroad. The government wants to revise the current income tax and disclosure norms in the upcoming budget, including provisions such as cryptocurrency. Sources close to the matter said the government wants access to cryptocurrency income and investments in India and abroad. The government is considering amending Section 26A of the Income Tax Act and the Annual Information Regulations (AIR), which show data on all investments made by taxpayers, often referred to as tax passbooks. One of the sources said, “It proposed to add the words cryptocurrency, crypto assets, or digital currency to certain parts of the Income Tax Act. It means that those filing tax returns would have to specifically disclose the income they received from cryptocurrency investments or transactions.”