2019-6-24 12:49 |
How could bitcoin prices influence paying taxes in bitcoin? An expert take from a tax lawyer
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Whether you’re a Store of Value advocate or a Medium of Exchange purveyor, every bitcoiner ought to spend a little crypto from time to time. Consider it as paying it forward, spreading the love, fostering adoption or simply treating yourself.
2019-6-23 02:57 | |
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Cyber attackers successfully launched an attack on a small city in Florida, Riviera Beach. Reports show that the city is paying the ransom demanded by these cyber attackers. It is uncertain at this point that the cyber attackers will honor their words and return control back to the city.
2019-6-22 07:59 | |
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Coins like Bitcoin and Ethereum are highly volatile. On any given day, it is common to see an increase to 10% -20% or even a decrease. That makes using most cryptocurrencies for daily transactions inconvenient.
2019-6-22 07:08 | |
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Cryptocurrencies are money and what better way to use them than spending a little on things that bring you satisfaction. You can now upgrade your car’s interior with trim parts you can buy with bitcoin cash.
2019-6-20 15:15 | |
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BTC in Hong Kong is currently trading $175 above its spot price according to other Bitcoin indexes, as political instability is driving demand for a safe haven. Hong Kong Protesters Seek Safety in Bitcoin Bitcoin demand in Hong Kong is starting to surge as an increasing amount of citizens are seeking refuge in the decentralized currency.
2019-6-18 23:00 | |
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By CCN Markets: Bitcoin has already come of age as a safe haven currency, a market analyst has pronounced. According to eToro’s senior market analyst Mati Greenspan, the cryptocurrency is trading at a premium of over $100 in Hong Kong on the TideBit exchange.
2019-6-18 18:28 | |
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Taxes, in and of themselves, can be complex, and throwing your crypto gains on top of it makes things even more challenging. However, that doesn’t mean that there aren’t ways around paying taxes on your Bitcoin gains.
2019-6-17 23:24 | |
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Current Market Landscape Coins like Bitcoin and Ethereum are highly volatile. On any given day, it is common to see an increase of 10% – 20% or even a decrease. That makes using most cryptocurrencies for daily transactions inconvenient.
2019-6-15 20:00 | |
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John McAfee, the anti-virus software tycoon turned fugitive Presidential candidate is known for his anti-taxation views. He is also a big-time Bitcoin proponent who has been running from the SEC and law enforcement agencies for not paying his taxes.
2019-6-12 19:30 | |
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For a few weeks now, the former antivirus software tycoon John McAfee has said he is fleeing from the U. S. government for not paying his taxes. More recently McAfee’s been on a tweet tirade, speaking directly to his “pursuers” and telling them to leave him alone.
2019-6-12 10:33 | |
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Getting Paid in Bitcoin, And Now In Ether (ETH) You have probably already heard of people paying their employees using Bitcoin (BTC) in order to pay their employees. However, now a new crypto startup is helping companies that want to pay their employees using Ethereum (ETH) instead. The company has recently announced that it was […]
2019-6-11 23:52 | |
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Blockstream, the Bitcoin development team, accelerating the development of the Lightning Network are accused of paying themselves huge salaries. The post Blockstream Employees Paying Themselves Astronomical Salaries In Bitcoin (BTC) appeared first on Ethereum World News.
2019-6-8 09:44 | |
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These are very interesting times for Bitcoin and all other cryptocurrencies on the market. When looking beyond the wild and somewhat entertaining price swings, it seems another statistic is worth paying attention to.
2019-5-31 12:00 | |
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The crypto market is so mesmerized by rise in the price of Bitcoin (BTC) that some people are not paying attention in some other important factors which can also be very important for the market. For instance, today several large transactions were made using Ripple’s XRP.
2019-5-31 00:35 | |
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It’s just the cost of doing business in the banking world: white-collar criminals routinely walk away with huge profits after paying tiny legal penalties — not a bad profit-to-cost ratio for long-term success.
2019-5-27 23:30 | |
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The Israel Tax Authority has won a court case against Noam Copel, a Bitcoin investor and founder of a blockchain startup called DAV, who bought the cryptocurrency in 2011 and sold it in 2013 with a profit of NIS 8.
2019-5-24 18:00 | |
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In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.
2019-5-18 22:14 | |
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[Newsflash] Anderson Cooper Interviews Crypto Celebrities Like the “Bitcoin Pizza Guy” in Upcoming Crypto-Centric “60 Minutes” Episode CBS’s “60 Minutes” has interviewed the man who traded 10,000 bitcoin for two Domino’s pizzas back in 2010.
2019-5-17 02:20 | |
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A ProPublica investigation revealed that two ransomware companies claiming to use high-tech means to recover victims' data instead paid bitcoin ransoms to the hackers. Customers don't know they're paying extra.
2019-5-17 21:03 | |
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ProPublica reveals 89% increase from Q4 2018 to Q1 2019 in average ransomware payouts. Many recovery companies choose to pay out the hackers, though others still attempt to decrypt the data without paying.
2019-5-16 05:29 | |
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Alex Tapscott, the co-founder of the blockchain company NextBlock, has reached an agreement with the Ontario Securities Commission after producing “misleading content”. Per the report by The Globe and Mail on May 13, 2019, the entrepreneur, aside paying the sum of $300,000 as penalty fine, will also be giving lectures on ethics to Canadian business schools.
2019-5-15 09:00 | |
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The first quarter of 2019 was bullish for the digital asset management firm Grayscale Investments and the company is gearing up to have another run. According to a first quarter “Digital Asset Investment Report” from the company, published on May 13, 2019, product inflows from Grayscale Investments grew by 42 percent over Q4 2018.
2019-5-15 19:23 | |
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From today, US customers have the option of paying at 15 major retailers with bitcoin. This is made possible through a partnership with payment provider Flexa, with their SPEDN app, and Gemini exchange.
2019-5-14 17:07 | |
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In case you haven’t been paying attention to the Bitcoin price recently, the number one crypto asset is having an epic change of fortunes this year compared with 2018. After already surging more than 100 percent since its December 2018 low point, more than 10 billion dollars have been invested into Bitcoin in the last.
2019-5-13 19:30 | |
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The U. S. Federal Trade Commission (FTC) recently filed a lawsuit against a crowdfunder who diverted customers’ funds to purchase bitcoin. According to The Next Web, the entrepreneur raised funds over $800,000 to buy iBackPacks but instead diverted the funds to personal use such as buying crypto and paying off credit cards debts.
2019-5-8 21:00 | |
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Coffee giant Starbucks has long flirted in the cryptocurrency and blockchain space with many often asking when people will be able to use Bitcoin to buy a cup of coffee at one of their stores. . .
2019-5-7 13:15 | |
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By CCN. com: CCN sat down recently with one of crypto’s biggest lending firms to hear insights into the emerging crypto-lending industry. Antoni Trenchev, co-founder of Nexo, discussed the millennial mindset when borrowing, as well as upcoming trends in his field.
2019-5-6 12:09 | |
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By CCN: Crypto-oriented phone scams are alive and well across the country. One sneaky tactic involves posing as law enforcement, a crime in and of itself, and then blackmailing victims into paying Bitcoin to avoid legal troubles.
2019-5-3 20:01 | |
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By CCN. com: U. S. taxpayers can receive all or part of their federal and state tax refunds in bitcoin. This is being made possible through a collaboration between blockchain payments processor BitPay and Refundo, a provider of tax-related financial products.
2019-5-1 19:03 | |
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Federal tax season just passed in the United States, but if you’re one to leave responsibility to the wayside and had to apply for an extension, that might just pay off.
2019-5-1 23:39 | |
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According to the source Bit Info Charts, Bitcoin-related tweets are at their lowest level in 5 years. The figure has drawn ire from cryptocurrency speculators that the world has lost interest in Bitcoin — but is this really the case? One Twitter use Revin Rooke made the following conclusion: There were 16,710 tweets yesterday, but roughly 30k Bitcoin tweets per day in 2015.
2019-4-30 20:00 | |
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NEO Smart Economy has partnered with Zeux to allow people to use the cryptocurrency when paying for goods and services via Apple and Samsung Pay. Zeux is a Fintech company that allows users to convert their cryptocurrencies to fiat and pay for products and services.
2019-4-29 15:19 | |
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The recognized investor and co-founder of Morgan Creek Digital, Anthony Pompliano, believes that institutions are getting interested in Bitcoin (BTC) and the cryptocurrency market. Pompliano said that he participated in a symposium of some of the “wealthiest families in the world.
2019-4-27 19:32 | |
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Coinme has announced that its partnership with Coinstar is paying out major dividends, allowing them to continue expanding their goals to make bitcoin kiosks a commonplace sight in the United States.
2019-4-27 19:22 | |
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Anthony “Pomp” Pompliano is back at it again with his relentless attempts to convince institutions, high net-worth individuals, and the public at large to delve into cryptocurrencies, especially Bitcoin (BTC).
2019-4-26 17:00 | |
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Bitcoin has had a good year so far, almost completing the third month that it has predominantly been in the green. The lowest value of the bear market has been $3,150, and the fact that Bitcoin has managed to grow by $2,000 in that time is worth paying attention to. Based on the most recent […]
2019-4-25 16:42 | |
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Online banking platform Cashaa is set to allow users to purchase bitcoin, ether and Cashaa’s own token, CAS, using major credit and debit cards. This new service is a follow-up to the Business Banking Services Cashaa launched earlier in April 2019, which allows both individuals and private firms to open accounts with Cashaa and accept cryptocurrency payments.
2019-4-24 01:08 | |
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Bitcoin enthusiasts who prefer to spend their Bitcoins rather than hodl them can now spend their coins on the… The post Paying With Bitcoin on Amazon Is Not Entirely What Most People Think appeared first on Invest In Blockchain.
2019-4-24 23:53 | |
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BlockFi has gathered another $18 million of bitcoin and ether deposits since last month, bringing its total interest-earning accounts to $53 million.
2019-4-23 19:30 | |
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Crypto payment startup Moon has announced an online web browser extension that allows crypto users to make purchases on e-commerce sites like Amazon. com with Lightning Network payments, CoinDesk reported.
2019-4-23 21:08 | |
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By CCN. com: CCN reported deeply on a pyramid scheme involving cloud mining and a highly pumped-and-dumped cryptocurrency called B2G (“Bitcoiin2G”). It was one of the longest and deepest reports of this reporter’s life.
2019-4-20 11:47 | |
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They’re doing it in British Columbia, Quebec, Manitoba, Alberta and Labrador — bitcoin miners in Canadian provinces are taking advantage of the country’s cool climate and abundant supplies of hydroelectric power.
2019-4-17 20:52 | |
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Bitcoin‘s price might have risen lately, but blockchain startups are still reeling from the bite of the bear market. Sirin Labs, the firm behind the “world’s first blockchain phone” has confirmed 25 percent of its workforce has been let go.
2019-4-16 17:41 | |
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The political spectrum is usually divided into four main categories: libertarian left, authoritarian left, libertarian right and authoritarian right. Those on the left prefer a more controlled economy, while those on the right have a preference for free markets.
2019-4-16 22:26 | |
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Coinbase has decided to prove that cryptocurrencies can be as easy to spend as regular fiat money by issuing a Visa card that coverts digital coins to fiat when paying for goods After the Bitcoin.
2019-4-11 10:41 | |
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Chinese cryptocurrency traders have resorted to Over the Counter trading platforms in an effort to partake in the current market bull run. According to a report these traders are willing to pay an extra price just to lay hold on Bitcoin.
2019-4-9 22:55 | |
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Chinese Traders Go The Extra Mile Via OTC Services To Acquire Bitcoin Amidst Surge As reported on the 7th of April, the previous week’s BTC price spike has bought back its Chinese traders, who are paying a lot more than usual to do so.
2019-4-8 21:03 | |
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After the recent market rally led by Bitcoin, Chinese crypto traders are making a comeback into the space. However, investors are having to pay an additional 3% on over-the-counter or OTC platforms [like Huobi] for the stablecoin Tether [USDT] to avoid a blanket ban on crypto-trading.
2019-4-8 19:30 | |
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Despite the ban, Chinese crypto traders are even paying more to get their hands on Bitcoin through the use of OTC desks
2019-4-8 13:36 | |
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The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’ approach is “unfortunate” as it does not recognize that unhosted wallet providers lack knowledge about […] The post IRS draft tax form for crypto defines unhosted wallets as brokers appeared first on CryptoSlate.
IRS criminal investigation chief Guy Ficco told CNBC on April 12 that taxpayers are increasingly committing tax crimes involving crypto. Ficco said the IRS has seen an increase in “pure crypto tax crimes” that fall under Title 26 of the US Code, which includes federal income tax violations.
Earnings already subject to the 15% capital gains tax don't need to be included when calculating income taxes.
The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a series of regulatory measures targeting digital assets. The proposed rules are expected to generate nearly $10 billion in additional tax revenue by 2025.
Indonesia witnessed a notable downturn in its crypto tax revenue in 2023, plunging by 62% compared to the previous year, despite the surge in Bitcoin's value.
In a strategic move ahead of the upcoming general elections, South Korea’s ruling party, the People Power Party (PPP), has announced plans to push for a further two-year delay in the implementation of crypto taxation, local media reported Feb.
The Brazilian Senate has approved a new taxation policy, effective Jan. 1, imposing up to a 15% tax on earnings from crypto held in foreign exchanges.