Bitcoin Price Drops Below $14000 as Cryptocurrency Competition Heats Up

Cryptocurrency bitcoin tumbled below $ 14,000 briefly on the Bitstamp exchange on Friday, down roughly 30% from its record top near $ 20,000 set at the start of the week. It was last down 7% at $ 14,499 but fell as much as 14.7% earlier in the Asian day. The cryptocurrency, which was at about $ 1,000 at …
Google Alert – bitcoin

Bitcoin Soars Through $14000 Mark, Up More Than 40% This Month

Cboe Global Markets Inc. has said it will start trading bitcoin futures on Dec. 10, while CME Group Inc.'s contracts are set to debut on Dec. 18. Nasdaq Inc. is planning to offer futures in 2018, according to a person familiar with the matter. Cantor Fitzgerald LP's Cantor Exchange is creating a bitcoin …
Google Alert – bitcoin

I’m likely one of the Coinbase 14,000 that the IRS now has targeted. I will report EVERYTHING that occurs to this community.

I got into BTC in a big way this year (over $ 20K purchased on Coinbase). To my unfortunate surprise, that technically puts me on the list that Coinbase was ordered to handover to the IRS. I do not blame Coinbase and am satisfied that they fought against the action.

However, since I believe that this is highly overstepping taxpayers rights as well as conflicts of parity: i.e. does the IRS get notified if I invest 20k in mutual funds? I intend to document any and all interactions I have with any government body here for this community to review.

I want all of us to be vocal, transparent, and prepared to protect our assets under due process.

I have dutifully paid U.S. taxes since day one of my working life. I have not profited one cent as of yet with any cryptocurrency, since I have not sold one Satoshi of my holdings. I plan to arm myself with the most practical legal advice available to me and, if it comes to it, support from bitcoin-friendly financial advisors that know their stuff.

Thanks for listening. HODL on.

EDIT: Looks like I got the tax year(s) wrong; thanks for setting me straight. Keeping this post up as my sentiment about this action remains unchanged.

submitted by /u/DankLard
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Bitcoin – The Currency of the Internet

Court Ruling Grants the IRS Personal Data of 14,000 Coinbase Users (news.bitcoin.com)

America’s Internal Revenue Service has gone fishing. Its target? Every single Coinbase user who ever placed a $ 20,000 trade. The huge dragnet exercise, spanning 2013-2015 and incorporating over 14,000 users, was awarded by a court yesterday, November 29. This is despite the best efforts of America’s largest bitcoin broker, which has fought back against what it sees as a shameless data grab and privacy violation. In a bid to save face, Coinbase has claimed a “partial victory” in its

Bitcoin

Report: Scotland Risks Losing 14,000 Jobs if Fintech isn’t Prioritized

An economic modelling study has concluded that Scotland stands to lose over 14,000 jobs in its financial services sector over the next decade if the country does not embrace the rushing wave of Fintech innovation. Like any other country in the world, Scotland’s financial services and banking sectors are, if the hype is to be […]

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