A crypto tax amnesty program could be the fairest way for achieving tax compliance and collection on crypto transactions. The United States Internal Revenue Service is blinded by its desire to defeat cryptocurrency. It rushes to enforcement without first thinking how best to get there. It has spent millions of taxpayer dollars training its personnel […]
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Motley Fool analysts think this smallcap bank stock might be the next to benefit from Bitcoin’s surge Following a Citi report downgrading business intelligence firm Microstrategy’s stock to a “sell” rating, analysts for popular trading website the Motley Fool have recommended a lesser-known bank stock that also has an emphasis on cryptocurrencies. Last Tuesday, Citi […]
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SI stock has plunged over 16% from its recent all-time high. Shares of Silvergate Capital (NYSE:SI) are in freefall this week, while the U.S. Securities and Exchange Commission, or SEC, has revealed a large liquidation of company stock by board member Thomas Dircks. The security regulator’s Form 4 documentation shows Dircks sold 60,000 Class A Common […]
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Institutions still fear Bitcoin’s criminal persona, its volatility, and other factors. Although a number of big players have picked up bags of Bitcoin (BTC) in 2020, multiple aspects still avert institutions from investing on a wide scale, according to Robert Li, an analyst for Draper Dragon, a Draper Venture Network fund. “I think there are […]
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A regulation exec at the world’s largest stock exchange is leaving his role to enter crypto. A senior regulation executive at the world’s largest stock exchange is moving into the cryptocurrency industry. Anthony Albanese, a former chief regulatory officer at the New York Stock Exchange, is reportedly leaving his position to join Andreessen Horowitz, a […]
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The entry of firms like Square, MicroStrategy and Stone Ridge may open the BTC floodgates and provide “confidence for the rest to follow.” October is a time for surprises. On Oct. 8, right on cue, mobile payments giant Square, which boasts a market cap of $86.6 billion, announced that it had invested $50 million in […]
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The SEC Commissioner said the recent legal action taken against BitMEX shows the need for the international industry to take AML regulations seriously United States Securities and Exchange Commissioner Hester Peirce — better known as “Crypto Mom” — believes the recent action against BitMEX may be a wake up call for crypto firms. In an […]
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Brazil’s Hashdex is teaming up with Nasdaq to bring the world’s first Bitcoin ETF to the Bermuda Stock Exchange. Regulated Brazilian fund manager Hashdex has inked a deal with Nasdaq to launch the world’s first crypto asset exchange-traded fund (ETF) on the Bermuda Stock Exchange (BSX). The stock exchange announced it had approved the ‘Hashdex […]
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Data shows whales are not selling large amounts of Bitcoin at the current BTC price and institutions are accumulating BTC. As the price of Bitcoin (BTC) breaks past $11,100 on Sep. 19, whale activities and Bakkt’s all-time high volume suggests strengthening momentum. The 4-hour price chart of Bitcoin. Source: TradingView.com According to CryptoQuant’s Ki Young […]
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Regulated Bitcoin futures exchange LedgerX has launched physically-settled BTC futures contracts. LedgerX, a regulated futures exchange in the U.S., has introduced physically-settled Bitcoin (BTC) futures contracts. This allows investors to receive physical delivery of BTC and some analysts believe this will amplify the impact on the price of BTC. XBT/USD daily chart. Source: TradingView.com How […]
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