Monthly Archives: January 2022

How Does Bitcoin Impact Your Taxes? 10 Things To Know

A professional tax advisor explains the key things for Bitcoiners to know when filling out their returns for 2021. Source: greentradertax.com. Yes, it’s that time of year again. The new year is upon us and we all need to start gathering tax documents. Fun stuff, right? And if you’ve invested in bitcoin or sold bitcoin, then things get really fun. The below list of items is meant to help you understand the most critical aspects for tax filing when it comes to bitcoin. And it should be […]

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Real Bedford Football Club To Accept Bitcoin Through OpenNode

The integration is the latest addition to the club’s suite of tools to embrace a Bitcoin standard. Real Bedford FC partnered with OpenNode to accept bitcoin payments. The club will accept BTC for game tickets, merchandise, sponsorships, and concessions. Real Bedford will also soon start paying players and staff with bitcoin. Real Bedford, the world’s first football club to operate on a Bitcoin standard, has formed a partnership with payment processing company OpenNode to further empower its goal of accepting bitcoin for all of the club’s products […]

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Why The Bitcoin Stock-to-Flow Model Is Not Useful

PlanB’s S2F/S2FX models are scientifically invalid and have fundamental issues that may lead investors astray. In March 2019, an anonymous individual by the pseudonym “PlanB” astonished investors when he published “Modeling Bitcoin Value with Scarcity,” and introduced his now famous Stock-to-Flow (S2F) model. The model predicted exponential growth of the bitcoin market value, with what purported to be sound scientific methods. A year later, he introduced the Stock-to-Flow Cross Asset (S2FX) model, which includes gold, silver, diamond and real estate data. As we will see below, PlanB’s […]

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Ethereum bulls aim to flip $2.8K to support before calling a trend reversal

ETH price appears to be bottoming but analysts are watching for $2,850 to flip from resistance to support before calling a bullish reversal. The dire predictions calling for the onset of an extended bear market may have been premature as prices appear to be in recovery mode on Jan. 26 following a signal from the U.S. Federal Reserve that interest rates will remain near 0% for the time being.  After the Fed announcement from, prices across the cryptocurrency market began to rise with Bitcoin (BTC) up 4.11% […]

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Global Crypto Owners Predicted to Surpass 1 Billion This Year

The number of global crypto owners is expected to exceed one billion by the end of the year, according to a report by Crypto.com. “Nations can no longer afford to ignore the growing push to crypto by the public. We may in many cases expect a friendlier stance towards the crypto industry,” the company said. There Will Be More Than 1 Billion Crypto Owners Worldwide This Year, Report Shows Crypto.com released its “Crypto Market Sizing” report last week showing an analysis of cryptocurrency adoption worldwide. The global […]

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NFT ‘ETH in Mellieha’ Set to Go on Auction for Legal Rights to Number Plate

ETH in Mellieha is the latest in a long line of NFT experiments that aim to challenge traditional values and concepts of art and ownership. This particular project is being advised by Mamo TCV Advocates, one of Malta’s leading law firms. At the core of ETH in Mellieha is an Oil Painting that No Longer Exists Local artist Debbie Bonello was commissioned to create an oil painting of a car that featured ETH on its number plate. After the painting was finished, it was to be burnt […]

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Bitcoin Trades Neutral As Fed Chair Powell Speaks

Fed Chair Jerome Powell once again said the FOMC is committed to curbing inflation and promoting a strong labor market. Bitcoin spiked towards $39,000 right after the release of the Federal Open Market Committee’s statement declaring interest rates would remain unchanged but quickly retraced back down to trade in neutral territory as Federal Reserve Chair Jerome Powell went live in a press conference to address the future of U.S. monetary policy. Powell reiterated that the committee is focused on maintaining a strong labor market and curbing inflationary […]

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Polygon (MATIC) sees a strong oversold bounce after $250B crypto market rebound

MATIC price secured a near 40% gain as crypto market sentiment improves in the wake of a notable $250 billion relief rally. Polygon (MATIC) emerged as one of the best performers among high-ranking cryptocurrencies on Jan. 26 as the price rose nearly 17% to reach an intraday high at $1.825. The gains surfaced amid a synchronous rebound across the crypto market that started on Jan. 24. In detail, investors and traders poured in over $250 billion across digital assets, benefiting Bitcoin (BTC), Ether (ETH) and many others in […]

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Valkyrie Files for ETF That Invests in Firms That Derive 50% Revenue From Bitcoin Mining Industry

The digital currency asset manager Valkyrie has applied for an exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The fund plans invest at least 80% of its net assets into firms that derive at least 50% of their revenue from the bitcoin mining industry. Valkyrie’s Proposed ETF Targets the Bitcoin Mining Industry The crypto asset manager Valkyrie has applied for a new crypto-focused ETF that focuses on the bitcoin mining sector. Valkyrie is well known for launching the second bitcoin futures ETF under the […]

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The Fight for Bitcoin: The Lightning Round

By being detail oriented and preserving the critical properties of Bitcoin, Lightning enables rapid expansion of the network’s usage. The Fight For Bitcoin, Round Three “Metadata absolutely tells you everything about somebody’s life. If you have enough metadata you don’t really need content.” – Former NSA General Counsel Stewart Baker The Lightning Network is becoming synonymous with the future of Bitcoin, and not without reason. If Bitcoin is going to become an open monetary network that can service the world’s economy, it simply is going to need […]

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