Bitcoin 

Are Tax Moves to Puerto Rico Worth It for Crypto Holders?

Some in the crypto community have embraced Puerto Rico, which seems to have done a good job of promoting itself. But is it for you? I can only address the tax issues, not anything else.  To a large extent, the tax issues depend on what kind of income you will generate, whether personal or business, from where you generate it, and when the income — or even the appreciation in assets — occurs. Ideally, you want all income and all gain to come from Puerto Rico, and all the income…

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Bitcoin 

CME Group to Launch Options on Bitcoin Futures in Q1 2020

The Chicago Mercantile Exchange (CME) Group is adding options to its Bitcoin (BTC) futures contracts in Q1 2020, pending regulatory review. The development was announced in an official news release on Sept. 20. Options will give clients more “flexibility to hedge Bitcoin price risk” Tim McCourt — CME Group Global Head of Equity Index and Alternative Investment Products — stated: “Based on increasing client demand and robust growth in our Bitcoin futures markets, we believe the launch of options will provide our clients with additional flexibility to trade and hedge their…

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Bitcoin 

Ethereum, Dogecoin Signal First Bullish Trend Reversal in 2 Years

When the Binance ban for users in the United States was first announced a few months ago, the market feared that significant volume and money would exit.  Interestingly enough, days after the proposed U.S. ban news came out about the launch of Binance America, altcoins suddenly started to move upwards with decent volume. Sell the rumor, buy the news. Cryptocurrency market 7-day performance. Source: Coin360 It’s not only Ether (ETH) making significant gains upwards after bouncing from $170 either.  Other altcoins are also currently outperforming Bitcoin (BTC). Stellar Lumens (XLM)…

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Bitcoin 

‘Bitcoin Now a Regulated Market of Significant Size’

Crypto index fund provider, Bitwise Asset Management, has given another presentation to the United States Securities and Exchange Commission (SEC) in its bid for regulatory approval of its proposed Bitcoin exchange-traded fund (ETF).  In a memorandum, issued Sept. 17, the SEC published Bitwise’s presentation outlining why it believes the SEC’s concerns have been largely met. Bitcoin spot market now more efficient The presentation started by recapping how the market has evolved and improved over the past two years. Firstly, the spot market has become more efficient, with the average deviation…

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Bitcoin 

Kyrgyzstan Cuts Off Power to 45 Crypto Miners for Overconsumption

Authorities of Kyrgyzstan cut off power to 45 crypto mining firms as they consumed more energy than three local regions combined. Following the power cut, the head of the National Energy Holding Aitmamat Nazarov stated that the cryptocurrency mining is not defined under Kyrgyzstan law, local news agency AKIpress reported on Sept. 20. 136 MW of electricity used Nazarov elaborated that electricity consumption by local crypto mining firms does not fall within Kyrgyzstan’s energy distribution plan. The executive clarified that the 45 crypto miners consumed 136 megawatts of electricity, which…

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Bitcoin 

Use Lightning Network to Buy Bitcoin — Avoid Coinbase, BitPay

The creators of Bitcoin (BTC) wallet Zap have revealed a new tool for instantly purchasing Bitcoin using a bank account via the Lightning Network. Lightning powers instant debit card Bitcoin buys In a blog post and associated social media posts on Sept. 19, Zap Solutions founder Jack Mallers said Olympus was specifically designed to bypass extant offerings from BitPay and Coinbase. The Lightning Network facilitates instant delivery of BTC purchases, and Know Your Customer (KYC) procedures are kept to a minimum.  “Someone who has never experienced Bitcoin before should be…

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Ethereum 

Singapore Bank Giant OCBC Joins JPMorgan’s Blockchain Network

OCBC has become the first Singapore-based bank to join JPMorgan Chase’s interbank blockchain network. According to a Business Times Singapore report on Sept. 20, a total of 134 banks from the Asia-Pacific region are now participants in JPMorgan’s blockchain-powered interbank information network (IIN). OCBC is the second-largest bank in Southeast Asia by assets and among the larger financial institutions in Asia-Pacific. 343 banks have joined JPMorgan’s network since 2018 These 134 banks comprise almost 40% of the 343 banks that have joined IIN since 2018. The network’s largest national bloc is Japan,…

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Bitcoin 

Bitcoin Miners Uber Bullish as Difficulty Set for 60% Quarterly Growth

Bitcoin (BTC) will see its mining difficulty grow by almost two-thirds in Q3 2019, new data reveals as the metric astounds markets. Bitcoin metrics show big competition in play Uploading historical and future projections to Twitter on Sept. 19, well-known analyst Kevin Rooke noted difficulty had already expanded at an average of 42% each quarter since 2016. With the exception of Q4 2018, the floor of the Bitcoin bear market, growth has been positive consistently ever since. 2019’s increases have been almost vertical compared to the previous period. “Difficulty is…

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Forty four Motivational Rates With regards to Obtain Article On-line

Probably the Most Widely Used Write My Essay Paper for Me Originally, you’ll need to compose lots of articles yourself. As a Result of reasons mentioned previously and private strategy, our essay writer service is popular with pupils from all over the world. Since each paper is written commensurate with the instructions given by the customer, it’s impossible for any two orders to complement perfectly regarding structure and content. A trusted term paper writing service regularly provides an outstanding bargain of totally complimentary selections. Through using college research paper examples,…

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