Coyno - Taxing Your Bitcoin Assets
Coyno is a German bitcoin startup that is planning to help you pay your taxes using our beloved cryptocurrency, bitcoin. Galvanized by the innovative blockchain technology, Coyno is formulating a piece of software that will enable users to track all their cryptocurrencies' portfolios via a simple to manage user interface. What Is Coyno All About? Coyno runs now in public beta mode and it enables its users to connect their bitcoin wallets to the service's platform. The most interesting thing about Coyno is that it coalesces account information from six online bitcoin wallet providers.....
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A Berlin startup hopes to become the Mint.com of bitcoin with a user-interface that visualises transactions and holdings across a variety of wallets. The startup, called Coyno, has released a beta version of its platform, allowing users to connect wallets from Coinbase, Electrum, Trezor and three other wallet providers. Once wallets are connected to Coyno, users can see a chart displaying the 'net worth' of all the linked wallets over time, a list of all transactions performed across the wallets and a breakdown of holdings in the various storage platforms. Co-founder Erasmus Hagen said the....
The Bitcoin Industry is booming, and the technological innovations continue to exceed all expectations. A Berlin-based Bitcoin startup, Coyno has launched a platform capable of tracking multiple transactions across multiple Bitcoin wallets. In the beta mode with over 150 active users, the platform stores the full transaction history, tracks the value of stored Bitcoins, and connects to HD wallets. The startup has even set an ambitious timeframe of one month to expand the subscriber base ten times. The German company's beta version went live six weeks ago and can manage six wallets at a....
Creating a healthy regulatory ecosystem for Bitcoin and digital currency will not be an easy task. The Financial Services Agency in Japan will soon present their plan to regulate this new breed of finance, although it will have little to no effect on the current way of taxing Bitcoin. Bitcoin is often frowned upon for its alleged lack of regulatory guidelines when it comes to using the digital currency as a method of payment. However, people tend to forget various countries around the world are treating Bitcoin as either an asset or currency and impose taxation upon usage of the digital....
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