A guy posted a story yesterday on reddit looking for advice for his situation. He stated that early in 2017 he opened an account on Coinbase and invested $5,000 in crypto. With the massive gains crypto had the past year and flipping between some x10 coins, he was able to grow his portfolio up to $880,000 in December 2017. Then he got the 1099-K Coinbase report which he posted a screenshot here https://imgur.com/a/cpPwR9u following with a question if my life over? The full post can be found here.
How much you owe in taxes if you have bitcoin?
In … Read the rest
When news spread about cryptocurrency national or government initiatives a wave of enthusiasm also spreads to the crypto community. Maybe because this gives the cryptocurrency phenomenon a legal status. However, In the case of Venezuela’s Petro coin launch, this enthusiasm seems to be absent. Venezuela inflation rate hit 80,000 % in and is expected to hit 1,000,000 % by the end of the year according to the International Monetary Fund. Petro coin has been reported to be available for trading on 6 exchanges: Bancar, Afx Trade, Amberes Coin, Criptolago, Cave Blockchain, and Cryptia.
None of the exchanges that listed Petro … Read the rest
Bitcoin price has been quite stable in the past 6 weeks which is unusual for bitcoin. It is exchanging in the range of $6100 and $6900. In addition, it is trading in a more wider range between $6000 and $8000 for the 5 months now. This is unusual for the bitcoin price which is known for its extreme volatility. However, indicators are on the bulls side and an uptrend is predicted in the coming weeks.
In this article, we will cover 3 unique perspectives why Bitcoin is probably going to rally in the following 2 to 3 weeks.
Bitcoin price… Read the rest
People are realizing more every day that all those derivative markets are fraud. The crypto market is waiting for BAKKT to launch physical Bitcoin futures and many think that this will start a new bull run in the crypto market. On the other side, we have a patent application from Mastercard for a fractional reserve Bitcoin banking which many think that will increase the Bitcoin supply from 21 million to 210 million.
Some days ago we wrote an article about Mastercard applying for a patent for Fractional Reserve Cryptocurrency Bank — Application 20180308092
But what is Fractional Reserve Banking?
What … Read the rest
We all know how much banks hate bitcoin and cryptocurrencies and we early this month wrote an article about Why Bitcoin is a Real Threat to the Traditional Financial System
But as an old proverb says “if you can’t beat them, join them” If your enemy is stronger then you, it is better for you to join their side.
This is what Mastercard is trying to do with the last patent they filed about Fractional Reserve Cryptocurrency Bank.
Cryptocurrencies & Mastercard: Not a Friendly Relationship
Like most financial institutions and companies, Mastercard never predicted the blockchain implementation, and by the … Read the rest
On October 31st, 2008, Satoshi Nakamoto published the Bitcoin whitepaper ‘Bitcoin: A Peer-to-Peer Electronic Cash System’.
Searching for a decent poster of the Bitcoin whitepaper I came to the conclusion that there is not a free one. Since the Bitcoin 10th anniversary is only days away I thought to make a whitepaper poster so people can print and frame it in a commemoration of the 10th years anniversary.
To celebrate the 10th anniversary of Bitcoin, we are offering this Free High-Quality Printable Poster of the Bitcoin Whitepaper. The poster is in PDF and the image below is a screenshot of … Read the rest