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[2020-12-07] Indias Taxman Put Bitcoiners on the Hot Seat as Bitcoin Price Keep
As the price of bitcoin (BTC) and altcoins continue to “moon,” India’s tax agency, the Central Board of Direct Taxes (CBDT) is reportedly making active plans to clip the wings of crypto tax evaders in the country.
Per sources close to the latest development, the nation’s Income Tax Department has obtained the transaction history of crypto traders that executed trades via banking channels prior to the apex bank’s ban on fiat-to-crypto trading in 2018.
While crypto taxation is yet to become a thing in various jurisdictions across the globe, as authorities continue to look for ways of making crypto investors file the correct taxes on their bitcoin trading gains, Naimish Sanghvi, a top Indian crypto influencer has taken to Twitter to reveal that bitcoiners in the state have been paying taxes on their crypto profits contrary to reports.
Source: https://btcmanager.com/india-taxman-bitcoin-price/
Will it happen to other countries as well?
Per sources close to the latest development, the nation’s Income Tax Department has obtained the transaction history of crypto traders that executed trades via banking channels prior to the apex bank’s ban on fiat-to-crypto trading in 2018.
While crypto taxation is yet to become a thing in various jurisdictions across the globe, as authorities continue to look for ways of making crypto investors file the correct taxes on their bitcoin trading gains, Naimish Sanghvi, a top Indian crypto influencer has taken to Twitter to reveal that bitcoiners in the state have been paying taxes on their crypto profits contrary to reports.
Source: https://btcmanager.com/india-taxman-bitcoin-price/
Will it happen to other countries as well?
[2020-12-03] Kevin OLeary: I Would Put up to 20% of my Portfolio [in Bitcoin]
O’Leary Would Put up 20% of his Portfolio Into Bitcoin if Major Regulators Support it
He further stated that he believes that the world really needs currencies like Bitcoin. However, his main doubts over investing anything from 1% to 2.5% of his portfolio into Bitcoin is the lack of support from the government. O’Leary also elaborated that, if regulators were to support digital assets, then he would think of investing a more substantial portion of his portfolio into crypto.
O’Leary’s various comments clearly show a comprehensive change of heart, from opposition to acceptance of Bitcoin. In the same 2019 CNBC interview, O’Leary had also stated that he believes that the digital currency is garbage due to difficulties caused by its volatility, which he still worries about even today.
Besides O’Leary, another Shark tank investor Barbara Corcoran had also openly expressed her point of view on Bitcoin, stating that buying real estate with Bitcoin is common sense.
https://btcmanager.com/kevin-oleary-portfolio-bitcoin-governments-agree
Thoughts on this Shark Tank, everyone?
He further stated that he believes that the world really needs currencies like Bitcoin. However, his main doubts over investing anything from 1% to 2.5% of his portfolio into Bitcoin is the lack of support from the government. O’Leary also elaborated that, if regulators were to support digital assets, then he would think of investing a more substantial portion of his portfolio into crypto.
Quote
If you told me the Swiss and the Euro and the American and the Canadian, Australian governments agreed to whatever that is, I would put up to 20% of my portfolio in it.
O’Leary’s various comments clearly show a comprehensive change of heart, from opposition to acceptance of Bitcoin. In the same 2019 CNBC interview, O’Leary had also stated that he believes that the digital currency is garbage due to difficulties caused by its volatility, which he still worries about even today.
Besides O’Leary, another Shark tank investor Barbara Corcoran had also openly expressed her point of view on Bitcoin, stating that buying real estate with Bitcoin is common sense.
https://btcmanager.com/kevin-oleary-portfolio-bitcoin-governments-agree
Thoughts on this Shark Tank, everyone?
[2020-12-01] Bitcoin Price Rally to Over $19,800 Likely Because of Smart Money
Bitcoin Price Rally to Over $19,800 Likely Because of “Smart Money”
Preceding the Bitcoin price pump to over $19,800 was an influx of new capital and investors, data from GlassNode reveals.
The Bitcoin Price Pump
The Bitcoin price has since contracted to around $19,400 at the time of writing but price action favors bulls.
After last week’s decline–that saw prices slide to $16,555 before reversing to spot rates, the entry of new investors is bullish for Bitcoin price and the crypto scene.
Focus on On-Chain Activities
Differentiating the current Bitcoin rally from previous pumps are bullish on-chain activities and the influx of smart money.
Not only is the network hash rate increasing months after miner rewards were slashed—hinting at the resilience and miners’ expectations of better prices, but the spike from $13k to $16k saw the largest wave of coins changing hands.
Besides, more users flew in, hoping to capitalize on price increments.
With investors shifting gears, looking for entries and tuning their positions––allocating funds for the digital asset, there was a firm foundation for the current upswing and potentially, the printing of a new 2020 high.
Accompanying this rally are the outflows from exchanges.
According to Willy Woo, this withdrawal of coins out of centralized ramps was organic. Bitcoin buyers reportedly scooped an unprecedented number of coins as prices temporarily corrected in mid-November.
Institutional Flow to Bitcoin and Gold Comparison
Increasingly, crypto and Bitcoin is now being re-assessed by different institutional-grade investors.
Citing the coin’s superior characteristics and its fixed supply, Bitcoin is now a viable alternative to gold.
However, the gold market is one of the deepest and most liquid with over $7 trillion in average daily trading volumes.
On the other hand, the total crypto market has a market cap of $581 billion as of Nov 30. Bitcoin, the most valuable digital asset, is dominant and has a market capitalization of $389 billion.
Even so, it has been immensely successful since the concept of decentralized and internet-native digital currency is roughly 12 years old.
At spot levels, Bitcoin is more valuable than JP Morgan and most leading global banks in the United States and China.
Source: https://btcmanager.com/bitcoin-price-19800-smart-money/
Preceding the Bitcoin price pump to over $19,800 was an influx of new capital and investors, data from GlassNode reveals.
The Bitcoin Price Pump
The Bitcoin price has since contracted to around $19,400 at the time of writing but price action favors bulls.
After last week’s decline–that saw prices slide to $16,555 before reversing to spot rates, the entry of new investors is bullish for Bitcoin price and the crypto scene.
Focus on On-Chain Activities
Differentiating the current Bitcoin rally from previous pumps are bullish on-chain activities and the influx of smart money.
Not only is the network hash rate increasing months after miner rewards were slashed—hinting at the resilience and miners’ expectations of better prices, but the spike from $13k to $16k saw the largest wave of coins changing hands.
Besides, more users flew in, hoping to capitalize on price increments.
With investors shifting gears, looking for entries and tuning their positions––allocating funds for the digital asset, there was a firm foundation for the current upswing and potentially, the printing of a new 2020 high.
Accompanying this rally are the outflows from exchanges.
According to Willy Woo, this withdrawal of coins out of centralized ramps was organic. Bitcoin buyers reportedly scooped an unprecedented number of coins as prices temporarily corrected in mid-November.
Institutional Flow to Bitcoin and Gold Comparison
Increasingly, crypto and Bitcoin is now being re-assessed by different institutional-grade investors.
Citing the coin’s superior characteristics and its fixed supply, Bitcoin is now a viable alternative to gold.
However, the gold market is one of the deepest and most liquid with over $7 trillion in average daily trading volumes.
On the other hand, the total crypto market has a market cap of $581 billion as of Nov 30. Bitcoin, the most valuable digital asset, is dominant and has a market capitalization of $389 billion.
Even so, it has been immensely successful since the concept of decentralized and internet-native digital currency is roughly 12 years old.
At spot levels, Bitcoin is more valuable than JP Morgan and most leading global banks in the United States and China.
Source: https://btcmanager.com/bitcoin-price-19800-smart-money/
http://cryptographicasset.com/blockchain-based-securities-tokens-could-shake-up-vc-and-private-equity/
A good read. With Security Token Offering becomes more mainstream, I think this is the chance for Polymath and other companies to take off one more time.
A good read. With Security Token Offering becomes more mainstream, I think this is the chance for Polymath and other companies to take off one more time.
Re: [ANN][TEMCO] TEMCO - Supply Chain Powered by Bitcoin Network, RSK
Ever wanted to run an RSK node in seconds? OAKNode makes it super easy!
https://medium.com/@RSKNews/rsk-oaknode-run-your-node-with-a-just-a-few-clicks-ea14fd63c301
https://medium.com/@RSKNews/rsk-oaknode-run-your-node-with-a-just-a-few-clicks-ea14fd63c301
https://blockchainmedia.id/hitbtc-turunkan-lot-perdagangan-dan-akan-buat-trollbox-berbahasa-indonesia/
ok its good that you lower the lot sizes and will add indonesian language to the trollbox. but then, lot sizes could be smaller than ever (i just tried to sold 0.00005 BTC for usdt and it went through), but the withdrawal fee dammit. you guys should change the entire fee structure and be damn competitive with everyone!
ok its good that you lower the lot sizes and will add indonesian language to the trollbox. but then, lot sizes could be smaller than ever (i just tried to sold 0.00005 BTC for usdt and it went through), but the withdrawal fee dammit. you guys should change the entire fee structure and be damn competitive with everyone!
Re: [ANN][ICO] PIGZBE - BLOCKCHAIN PIGGY-WALLET FOR KIDS & FAMILIES 🐽🐽🐽
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Weve all seen the vast number of online educational games aimed at children, but what if you could provide a gaming environment that allowed them to save money and learn the basics of finance as well? Pigzbe is a hand-held piggy wallet that aims to enable children to save money while playing games that teach them the basics of economics.
Blockchain technology could change the face of educational gaming as we know it, and with the likes of Wirex adding the Wollo token that runs the Pigzbe device to their list of crypto wallets such as Bitcoin and XRP, and making them spendable through the Wirex Visa card, it appears that some of the bigger players in the industry are starting to take notice.
Blockchain technology could change the face of educational gaming as we know it, and with the likes of Wirex adding the Wollo token that runs the Pigzbe device to their list of crypto wallets such as Bitcoin and XRP, and making them spendable through the Wirex Visa card, it appears that some of the bigger players in the industry are starting to take notice.
https://www.financemagnates.com/thought-leadership/online-gaming-the-blockchain-revolution/
Way to go, Pigzbe!
Re: [ANN][DAG]CyberVein--A Data Value Monetisation Platform Based on DAG
Each Year Sees Billions Hit by Data Breaches: We Need to Bring Blockchain to Fruition
Ooooh, it's definitely a good read, check this out here: https://dailyhodl.com/2018/11/14/each-year-sees-billions-hit-by-data-breaches-we-need-to-bring-blockchain-to-fruition/
Re: [ANN][ICO]🗺️RedCab AI-based Decentralized peer2peer transportation solution🚗🚗
https://www.crypto-reporter.com/press-releases/redcab-listed-on-bitkop-6489/
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RedCab, the decentralized peer-to-peer transportation solution powered by blockchain technology has been listed on BitKop, the global featured blockchain asset trading exchange.
Founded in Singapore in 2017, BitKop describes itself as a safe and user-friendly decentralized global cryptocurrency exchange.
With a reported average trading volume of 10,000 BTC, and over 200,000 registered users, BitKop boasts a core team consisting of professionals from all corners of the international finance and entrepreneurial space.
RedCab, who currently have an MVP already live and in use in its native Egypt, has plans to expand over the next year or so into Bahrain, the KSA, and European and Asian markets where it looks to provide a viable alternative to established industry giants such as Uber, Grab and Lyft.
With a lower percentage cut from drivers in comparison to Uber, RedCab looks to bring an element of fairness and lower operating costs to the growing ride-hailing industry.
Founded in Singapore in 2017, BitKop describes itself as a safe and user-friendly decentralized global cryptocurrency exchange.
With a reported average trading volume of 10,000 BTC, and over 200,000 registered users, BitKop boasts a core team consisting of professionals from all corners of the international finance and entrepreneurial space.
RedCab, who currently have an MVP already live and in use in its native Egypt, has plans to expand over the next year or so into Bahrain, the KSA, and European and Asian markets where it looks to provide a viable alternative to established industry giants such as Uber, Grab and Lyft.
With a lower percentage cut from drivers in comparison to Uber, RedCab looks to bring an element of fairness and lower operating costs to the growing ride-hailing industry.
Re: Wirex- Bitcoin Debit Card | Buy Bitcoin | Mobile Banking | Send Money
Wirex unveils corporate partnership with hand-held piggy-wallet, Pigzbe
https://globalcoinreport.com/wirex-corporate-partnership-piggy-wallet-pigzbe/
https://globalcoinreport.com/wirex-corporate-partnership-piggy-wallet-pigzbe/
[2018-11-08] Are We Approaching ‘Big Money’ Conditions in Cryptocurrency Market?
The absence of High Net Worth Individuals (HNWIs) has kept crypto markets hovering at a relatively modest $220 billion total market cap. However, recent stability in bitcoin prices poses the question of whether markets are growing to be mature enough for serious money to make an entry.
Read More https://www.techbullion.com/are-we-approaching-big-money-conditions-in-cryptocurrency-markets/
Read More https://www.techbullion.com/are-we-approaching-big-money-conditions-in-cryptocurrency-markets/
Re: [ANN]Metaverse|decentralised open platform of digital assets & digital identity
Metaverse mentioned in this article!
https://irishtechnews.ie/for-crypto-to-go-mainstream-digital-identities-have-to-mature/
https://irishtechnews.ie/for-crypto-to-go-mainstream-digital-identities-have-to-mature/
Re: [ANN] ArabianChain - DubaiCoin (DBIX) - Smart Contracts from Dubai to the World
Guys, let's vote DBIX to be nominated for listing on ETERBASE!
https://www.eterbase.com/post/november-nomination-campaign-to-get-your-favorite-crypto-listed-on-eterbase-for-free
Just go to the Discord channel here: https://discordapp.com/invite/S62VK6p AND vote with: ~vote [YOUR DISCORD USERNAME] DBIX. The final voting round will be done on Twitter Polls!
https://www.eterbase.com/post/november-nomination-campaign-to-get-your-favorite-crypto-listed-on-eterbase-for-free
Just go to the Discord channel here: https://discordapp.com/invite/S62VK6p AND vote with: ~vote [YOUR DISCORD USERNAME] DBIX. The final voting round will be done on Twitter Polls!
Re: [ANN][DAG]CyberVein--A Data Value Monetisation Platform Based on DAG
CyberVein will be attending @Blockchain_Expo Silicon Valley, 28-29th November, come over to our stand and let's talk about all things #DAG.
https://youtu.be/3FLYyWQCfv4
https://youtu.be/3FLYyWQCfv4
Anyone have a bitcoin debit card recommendation for US citizens but want to use it outside the US like say Mexico or Canada? Are the fees going to be high regardless? I want to be able to withdraw cash from atms outside the US.
Bitpay? Or Wirex, they're coming to the US:
https://www.the-blockchain.com/2018/10/23/wirex-moving-into-the-us-means-they-now-offer-more-than-any-other-crypto-card/
Re: Wirex- Bitcoin Debit Card | Buy Bitcoin | Mobile Banking | Send Money
https://www.fxstreet.com/cryptocurrencies/news/bitpay-dominates-us-crypto-debit-card-market-but-wirex-now-poses-a-serious-threat-201810231223
Wirex going to the land of the free?
Wirex going to the land of the free?
Re: [ANN][EXCHANGE] RightBTC - Advancing Since 2014, USD/BTC/ETH/Tokens
Crypto Trading on the Move: Five Apps if You Wish to Trade on the Go
https://coinnounce.com/crypto-trading-on-the-move-five-apps-if-you-wish-to-trade-on-the-go/
https://coinnounce.com/crypto-trading-on-the-move-five-apps-if-you-wish-to-trade-on-the-go/
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Markov Chain Monte Carlo (MCMC)
It has, perhaps, been IOTAs greatest success to communicate what is a complicated and non-standard technology amid the broad umbrella of blockchain.
They run on a Directed Acyclic Graph (DAG) architecture -- dubbed the Tangle -- and use MCMC to achieve consensus. This is a complex algorithm which is best understood by statisticians but the concept is straightforward when applied.
After a user broadcasts their transaction, the algorithm randomly selects two unconfirmed transactions to verify. With IOTA, a small amount of Proof-of-Work is needed to confirm these transactions, and the users own broadcast can then be verified by someone else.
IOTA will initially use coordinators, or master nodes, who act as a network failsafe by ensuring any fraudulent transactions and attacks can be dismissed. Additionally, no mining means a massive boost to energy efficiency.
Matrix also proposes to use MCMC, as do BigTangle whose construct seems similar in design to IOTA though perhaps slightly less fleshed out.
It has, perhaps, been IOTAs greatest success to communicate what is a complicated and non-standard technology amid the broad umbrella of blockchain.
They run on a Directed Acyclic Graph (DAG) architecture -- dubbed the Tangle -- and use MCMC to achieve consensus. This is a complex algorithm which is best understood by statisticians but the concept is straightforward when applied.
After a user broadcasts their transaction, the algorithm randomly selects two unconfirmed transactions to verify. With IOTA, a small amount of Proof-of-Work is needed to confirm these transactions, and the users own broadcast can then be verified by someone else.
IOTA will initially use coordinators, or master nodes, who act as a network failsafe by ensuring any fraudulent transactions and attacks can be dismissed. Additionally, no mining means a massive boost to energy efficiency.
Matrix also proposes to use MCMC, as do BigTangle whose construct seems similar in design to IOTA though perhaps slightly less fleshed out.
https://www.forbes.com/sites/geraldfenech/2018/11/02/bitcoins-proof-of-work-carries-fundamental-flaws-blockchain-needs-a-superior-consensus-mechanism/#1d44aec63465