IRS Decision Quotes and Analysis
Bitcoin Taxable as Property. Welcome to slavery Bitcoin, according to the IRS notice of March 25th you are now property. As property and on the basis of capital gains Bitcoin becomes taxable. The actual amount paid in taxes does not represent a threat to the continued adoption of Bitcoin. We all knew taxes would be required at some point. What does represent a threat to Bitcoin adoption is the reporting requirements that will be imposed as a result of the decision. We see the real power of government is not in what its ostensible purpose is, to collect reasonable taxes, but in its....
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Bitcoin Price is rearing for a move higher. The consolidation below $400 is technically complete, and traders await the first signs of advance. Be warned that proximity to the daily 20-period MA, as well as, a New Moon opens the possibility of an unexpected bear attack. Analysis explores the potentials and their confirmation signals. Blockchain Quotes. Global Economy. Bitcoin Price Analysis. Summary. Comments. Blockchain Quotes. Amir Taaki in an interview with Aaron van Wirdum: This vision of Bitcoin as a faster, cheaper and better payments-network is simply not tied to any technological....
Consensus 2015, CoinDesk's inaugural conference, was held in New York last week. The event featured a wide range of speakers, including prominent figures from the crypto space, traditional finance, law enforcement and aid sector who engaged in a wide range of discussion topics; including the potential use-cases for bitcoin and blockchain technology. Below is a round up of the best quotes from the day's discussions, in case you missed the event. For a more detailed overview of the day's proceedings check out our live blog or our summaries of the morning and afternoon sessions. Consensus....
Faced with challenges on many fronts, the European Central Bank is now deepening the analysis of how to digitalize its currency. A decision on whether to issue a digital euro, which has the potential to become a major CBDC, is expected around mid-2021, a high-ranking official of the central bank has confirmed. Eurozone’s Central Bank to Decide on the Digital Euro Project Within Months Occupied with planning a “cautious exit” from the social, economic and health emergency forced upon the European Union by the Covid-19 crisis, the ECB is also compelled to think about a....
Yesterday, CCN published an article on the accusations that Black Arrow is censoring their customer-base on the bitcointalk.org forums. Along with that, an accusation also tipped CCN off about a Black Arrow miner catching fire. By following the sources provided by the accuser, it was shown that the accuser was indeed telling the truth and that there was a reason for suspicion. Out of journalistic practice and integrity, CCN contacted Black Arrow to receive quotes and further explanation from the company side. Alex B of the Black Arrow Team, specifically the sales side of the business,....
The bitcoin price is beginning a reversal pattern to the $700 level, where a congestion area should reinforce quotes for another climb to $820. Now at the $580 support level, prices are starting to form an upward reversal pattern, which will allow pull back to $700, extended to Fibonacci’s technical objective at $820. The current trading box we are considering was built according to the ended rounded bottom first pattern with the 38 percent and 62 percent Fibonacci retracement theory – it seems to be working so far. The next stage could be an upward rally into the new technical cycle. Now,....