Bitcoin - The Urban Mine

IRS Answers Critical Question on Bitcoin and Crypto Tax Reporting for US Citizens

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Posted on March 6, 2021

The Internal Revenue Service (IRS) is addressing critical questions related to the taxation of virtual currencies such as Bitcoin (BTC) in the US. In a new FAQ resource, the agency clarifies that in its view, American taxpayers did not acquire a financial interest in crypto if they only bought – but did not sell –

Kraken Releases VIP Crypto Outlook, Forecasts Final Bitcoin Price at End of Bull Market Cycle

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Posted on March 6, 2021

Crypto exchange Kraken has released a report for its VIP traders to the public, which says Bitcoin is far away from this market’s top. The document plots BTC’s logarithmic growth curve, which follows BTC’s resistance and support levels over the course of its cycles dating back to January 2011. The US-based crypto exchange maps out

Kraken Releases VIP Crypto Outlook, Forecasts Final Bitcoin Price at End of Bull Market Cycle

By - admin
Posted on March 6, 2021

Crypto exchange Kraken has released a report for its VIP traders to the public, which says Bitcoin is far away from this market’s top. The document plots BTC’s logarithmic growth curve, which follows BTC’s resistance and support levels over the course of its cycles dating back to January 2011. The US-based crypto exchange maps out

IRS Answers Critical Question on Bitcoin and Crypto Tax Reporting for US Citizens

By - admin
Posted on March 5, 2021

The Internal Revenue Service (IRS) is addressing critical questions related to the taxation of virtual currencies such as Bitcoin (BTC) in the US. In a new FAQ resource, the agency clarifies that in its view, American taxpayers did not acquire a financial interest in crypto if they only bought – but did not sell –

Kraken CEO Reveals $1 Million Bitcoin Price Target – Here’s When It Could Happen

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Posted on March 5, 2021

Kraken CEO Jesse Powell believes that Bitcoin is set to hit the seven-figure mark. In a new interview with Bloomberg TV, Powell bets that Bitcoin’s price will grow by roughly 2,000% within the next decade and says it could eventually replace other dominant world currencies. “So you know the people that are believers in Bitcoin

Analyst Who Called Bitcoin and Crypto Correction Says Market Gearing Up To Explode – Here’s His Timeline

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Posted on March 5, 2021

Analyst and trader Michaël van de Poppe is assessing the crypto markets and says the sector is gradually gearing up for another massive bull run. Van de Poppe says he expects Bitcoin to continue its corrective phase in the days ahead. Van de Poppe says that another rejection at the $52,000 level will likely take

Mark Cuban Says Dallas Mavericks Will Accept Dogecoin – Here’s Why

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Posted on March 5, 2021

Dallas Mavericks owner Mark Cuban says the NBA team is now accepting Dogecoin (DOGE) as payment for game tickets and merchandise. The billionaire reveals in a statement why the franchise has decided to support the meme cryptocurrency. “The Mavericks have decided to accept Dogecoin as payment for Mavs tickets and merchandise for one very important,

Bitcoin Whales Move $1,450,000,000 in BTC in Just 24 Hours – Here’s Where the Crypto Is Heading

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Posted on March 5, 2021

Large crypto holders are moving massive amounts of Bitcoin amid the market downturn. A total of $1.45 billion has been transferred in just 24-hours, according to blockchain tracker Whale Alert. The biggest movement sent 13,071 BTC worth $673.8 million in a single transaction. The giant Bitcoin holder in question moved the flagship crypto-asset between two

Investors in Top Crypto Asset Chainlink Can Now Earn Interest on Their Holdings

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Posted on March 4, 2021

Crypto lending platform BlockFi is now offering interest payments to investors who deposit Chainlink (LINK). Currently, BlockFi offers interest on Bitcoin, Ethereum and stablecoins. According to CEO and co-founder Zac Prince, $35 million worth of interest payments were distributed to investors in February alone. BlockFi announced on Twitter the service is being extended to Chainlink.

Bitcoin Breakout Signal Shows Top Crypto Likely Heading to $100,000 As Investors Choose BTC Over Gold: Bloomberg Analyst

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Posted on March 4, 2021

Mike McGlone, a senior commodity strategist for Bloomberg Intelligence, says Bitcoin (BTC) appears to be heading to $100,000 as it edges closer to replacing gold as a reserve asset. In a new edition of the Bloomberg Crypto Outlook, McGlone writes that the Grayscale Bitcoin Trust (GBTC), which closed at a 2.7% discount at the end

Category: Bitcoin