In the recent tax reform bill, Congress included a provision to incentivize investment in low-income communities. The new provision allows for delay of taxes on income from the sale of property (such as BTC) if you re-invest the gains into a Qualified Opportunity Fund within 6 months (180 days). This allows you to cash out your BTC profit, reinvest the sale proceeds, and delay paying any taxes on the gain from the original sale until 2027 (2026 tax year). More information to come, but to…
Russian lawmakers have been waffling on how to regulate bitcoin. They have delayed a bill intended to provide a regulatory framework and legalization for the digital currency.
Also read: Venezuelan Bitcoin Mining Continues Despite Government Crackdown
Russian Media Outlet Pundit Weighs in on the Law…
Folks, Coinbase has a 72 hour delay period if you are moving a considerable amount of coins off their exchange. If you plan on moving coins off before the fork, please do it right now. I did. I'm delayed. I want to help others not miss the end of month deadline. Cheers.
The post Australia Commits to Kill Bitcoin Double Tax Despite Delay appeared first on CryptoCoinsNews.
The Australian government has reaffirmed its commitment to put an end to the 'double taxation' of purchases made by bitcoin and other digital …
Google Alert – bitcoin
The IRS has considered digital currencies like bitcoin to be a taxable form of property since mid-2014. Judge Jacqueline Scott Corley ultimately …
Google Alert – bitcoin
Following a bitcoin core issue on
debian stretch which was resolved on the master branch, I am now running a pre-release test build. Each time I exit
bitcoin-qt, I have to wait about 5 minutes until final shutdown occurs. My debug file is showing:
2016-12-20 19:58:55 AcceptToMemoryPool: peer=3: accepted 2b8c3...5c14 (poolsz ... 2016-12-20 19:58:56 AcceptToMemoryPool: peer=3: accepted 4a3d1...7e0e (poolsz ... 2016-12-20 19:58:56 tor: Thread interrupt 2016-12-20 19:58:56 scheduler thread interrupt 2016-12-20 19:58:56 torcontrol thread exit 2016-12-20 19:58:56 opencon thread interrupt 2016-12-20 19:58:56 addcon thread interrupt 2016-12-20 19:58:56 msghand thread interrupt 2016-12-20 19:58:56 net thread interrupt
This is where it hangs for a few minutes, then:
2016-12-20 20:05:58 Imported mempool transactions from disk: 10932 successes, 476 failed, 0 expired 2016-12-20 20:05:58 Shutdown: In progress... 2016-12-20 20:05:58 Stop 2016-12-20 20:05:59 Erased 1 orphan tx from peer 5 2016-12-20 20:06:01 Dumped mempool: 0.063746s to copy, 1.55051s to dump 2016-12-20 20:06:01 Shutdown: done
I have not experienced this before ever on any system. I am not seeing a similar issue when shutting down
bitcoind (EDIT actually it does happen with
bitcoind at times). I am wondering if anyone is aware of any pending change (on master branch for future release) which would explain such behavior (I worry this may be related to
debian stretch, but my hardware is new, very cheap and hopelessly slow on known benchmarks, which may also be the cause of this).
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