CoinDesk Investigates: Can Divorcees Hide Assets in Bitcoins?
Could a divorcee hide their assets by squirrelling them away in bitcoin? A rogue poster on the Bitcoin Talk Forum raised the issue this week, so CoinDesk asked some lawyers. According to the user on Bitcoin Talk, a man discovered that his wife cheated on him and decided to divorce her. However, before he did, he spent several weeks moving a large percentage of his assets into bitcoins, in an attempt to shield the assets. The post continues, saying: "He just sprung the divorce on his ex-wife and now her lawyer is arguing he must have much more money than he claims to be. The judge ordered....
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Can you really hide assets in a divorce through Bitcoin? CoinTelegraph investigates the feasibility of such a suggestion. Traditional methods of hiding assets. In most cases, assets in divorce are hidden through relatively simple means with varying legality. That includes transferring money from joint accounts to private accounts; transferring assets to a friend prior to the divorce; undervaluing assets; or simply storing assets as cash in a hidden safety deposit box. However, there are other more complex methods including overpaying the IRS, or other relevant tax agency, and then....
Today sees the launch of our new in-depth analysis reports service, CoinDesk Research. CoinDesk's platform and resources bring a unique opportunity to provide industry-leading research and insights on the most pressing issues concerning digital currencies and their emergence into mainstream society. For the inaugural CoinDesk Research report, we have chosen regulation as the topic - one that has significant implications for the continued growth of the industry. The Regulation Report explores a number of different perspectives - from governments, entrepreneurs and the digital currency....
So, the US Marshals are auctioning off 30,000 BTC. In 2009, that wouldn't have been worth very much, but at the time of writing, CoinDesk's Bitcoin Price Index puts that at a cool $17,610,000. It's a tiny fraction of the overall number of bitcoins in circulation, but here at CoinDesk, we certainly wouldn't turn it down. What could you spend it on? Here are a few ideas. A little over one-sixth of David Siegel's house. David Siegel is the billionaire owner of Westgate Resorts Ltd, the largest privately-held timeshare company in the world. His 15-bedroom, 30-bathroom home was featured on the....
In the latest CoinDesk 20 revision, five assets were replaced by crypto assets that saw recent quarterly volume surges.
The bitcoin block reward is set to fall from 25 bitcoins to 12.5 bitcoins in just a few hours. The event, which happens roughly every four years, represents a major shift in the mining landscape, and speculation has swirled about what impact the reward drop will have on the bitcoin mining ecosystem. CoinDesk will be live blogging today's event, providing updates on the latest speculation and commentary. 16:40 15 Blocks to Go As of press time, the 419,985th block has been mined (processed by Bitmain's AntPool). With this block, only 15 blocks remain before the network subsidy falls from 25....