• Breaking News

    Tuesday, February 26, 2019

    Home Unlabelled Bitcoin Time to fire up a million angry kitt3hs again: California legislators launch an assault against bitcoin ownership for the fourth time since 2015 (bitlicense has never passed in CA) - this time the zombie returns as AB 1489. Kill it with Fire.

    Bitcoin Time to fire up a million angry kitt3hs again: California legislators launch an assault against bitcoin ownership for the fourth time since 2015 (bitlicense has never passed in CA) - this time the zombie returns as AB 1489. Kill it with Fire.

    February 26, 2019

    Bitcoin Time to fire up a million angry kitt3hs again: California legislators launch an assault against bitcoin ownership for the fourth time since 2015 (bitlicense has never passed in CA) - this time the zombie returns as AB 1489. Kill it with Fire.

    Time to fire up a million angry kitt3hs again: California legislators launch an assault against bitcoin ownership for the fourth time since 2015 (bitlicense has never passed in CA) - this time the zombie returns as AB 1489. Kill it with Fire.

    Posted: 25 Feb 2019 12:25 PM PST

    Daily Discussion, February 26, 2019

    Posted: 25 Feb 2019 11:00 PM PST

    Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

    If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

    We have a couple chat rooms now!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
    [link] [comments]

    My doctor opened his own practice today.

    Posted: 25 Feb 2019 12:26 PM PST

    Going my new convention shirt

    Posted: 25 Feb 2019 09:03 AM PST

    Bitcoin surpasses Paypal in annual transaction value

    Posted: 25 Feb 2019 12:43 PM PST

    This is a big deal. Samsung Galaxy s10 has a built in cryptocurrency wallet

    Posted: 25 Feb 2019 12:36 PM PST

    Please be stable at 4k and slowly move upward to 20k

    Posted: 25 Feb 2019 09:27 PM PST

    Post Offices to Emails, The Internet to Magazines, Sears to Amazon, Radios to TV. When new technologies come out, there is always a fight to keep what we are comfortable with not what can benefit all of humankind.

    Posted: 25 Feb 2019 04:55 PM PST

    “Bitpanda”, the coinbase of austria, advertising their app in Vienna’s cenral underground station... ��

    Posted: 26 Feb 2019 12:13 AM PST

    Remember: When Crypto rallies again there will be an influx of hot new coins to "replace" Bitcoin. 10 years and this has never happened. Only hodl Bitcoin.

    Posted: 25 Feb 2019 11:54 PM PST

    Bitcoin surpasses paypal in annual transaction value

    Posted: 26 Feb 2019 02:29 AM PST

    If this is not a true recognition of Crypto as an asset class i don't know what is

    Posted: 26 Feb 2019 02:54 AM PST

    https://www.bis.org/bcbs/qis/

    • Open instruction, page 129
    • Open excel, sheet 'Crypto'

    Background: On a semi-annual basis the Basel committe and the Bank of International Settlements collect data from European banks to asses their current capital, liquidity and risk position in what is called a 'Quantitative Impact Study'.

    In the Q42018 exercise they have a new dedicated section called "Crypto" - in which the banks should disclose everything which relates to the cryptocurrency asset class.

    submitted by /u/mwbf
    [link] [comments]

    Lightning Network Pinball Machine powered by OpenNode & The Flux Capacitor !!

    Posted: 25 Feb 2019 10:59 PM PST

    Peter Marco jewellery shop accepts Bitcoin

    Posted: 26 Feb 2019 02:57 AM PST

    clicked on some random YT video and saw that Peter Marco jewellery shop accepts bitcoin. Many celebrities like floyd mayweather, cardi b etc... shop there

    https://i.imgur.com/DJZY7sW.jpg

    submitted by /u/caco3boy
    [link] [comments]

    Max Keiser Labels Warren Buffett a ‘Fraud’ and ‘Charlatan’

    Posted: 25 Feb 2019 07:47 PM PST

    Adoption Increasing - IOZoom a leading VPS provider in North America now accepting BTC

    Posted: 25 Feb 2019 10:46 PM PST

    I'm a permabull: more Bitcoin/bits/satoshis is better. So price down is always buying time in my book. I think the fundamental value is both: internet native, censorship resistant bearer money and digital gold. Much more adoption and usage potential ahead. Hodling for long-term.

    Posted: 25 Feb 2019 09:51 AM PST

    "Bitcoin to the Moon" slogan appears on the Ukrainian tram

    Posted: 26 Feb 2019 12:41 AM PST

    PSA on Moon Browser Extension

    Posted: 25 Feb 2019 01:29 PM PST

    Dear members of the Bitcoin community,

    TL;DR: Uninstall Moon, Revoke your Coinbase API Keys NOW and PROTECT YOUR BITCOIN

    I was the co-founder and CTO at https://paywithmoon.com. Due to my discovery of the unethical business practices Moon Technologies, Inc. has been engaged in, I have left the company.

    As of today, the moon browser extension manipulates the DOM of the users' browsers to give them an augmented shopping experience, one that allows them to shop online with cryptocurrency. Over the past couple of months, my co-founder, Kenneth Kruger, has ordered the collection of data belonging to users as a way to improve customer experiences. No users have ever been asked explicitly if they would prefer to opt-out of tracking, a feature which I regularly insisted should be added. If you are a user and look under at terms and conditions stated under https://paywithmoon.com/terms-conditions/ (dated 26 Feb 2019), you will find the agreement hidden under one of the terms and conditions. This is a huge breach of GDPR and privacy laws that are meant to protect user data.

    From the moment a user installs the browser extension, the company will know exactly what pages are open on the user's browser, what the content of those pages are, and what the user is doing with them.

    The biggest and most alarming issue of all, is the process of collection of how the browser extension works in the backend - Coinbase API keys. From the moment the user initiates the connection between the company and Coinbase, the company watches for changes in the user's current window, waiting for the user to complete the one-time passcode (OTP) verification process as required by Coinbase. Once that is done, the company programatically clicks the required permissions (scopes) required to create the API key as it sees fit.

    The API key is then shown only once on the next screen, but the user does not know this (done via CSS manipulation). The company extracts the API keys into the backend, stored in plain text on the company's database on AWS. This is a definite security antipattern. This API key is then able to be used indefinitely until manually revoked by the individual user.

    When I asked Kenneth Kruger why we should not encrypt the keys or create recursively locking IAM policies to prevent anyone in the management team to have personal access to users' API keys, Kenneth Kruger constantly avoided or redirected the discussion and prevented me from building any kind of system that would protect users.

    Only two days ago, I have been locked out of my organization accounts including AWS and can no longer take preventive measures to protect users.

    If you are a user of our browser extension today, ***PLEASE*** you need to uninstall the browser extension via chrome://extensions and go into https://www.coinbase.com/settings/api and revoke ALL your API keys NOW.

    If you have not used the Moon browser extension, but know of a friend that might, please inform him or her to do so immediately.

    You can read more about my experience in another post here https://np.reddit.com/r/startups/comments/au668p/what_to_do_in_the_event_you_get_zuckerberged_in_a/.

    I had created Moon as I was crazy enough to think I was able to change the world with the single vision of bringing mass adoption to cryptocurrency, accelerating the future of the financial system. However, today is truly a sad day for crypto. Until we can find a way to completely decentralize and move away from the corporations, the no-accountability attitude and greed many executives possess, we cannot hope to bring forth the dream of cryptocurrency.

    Until we meet on the moon again, please be safe, not sorry,
    Alexander Ang

    submitted by /u/angzhanyu
    [link] [comments]

    [German] IWF warns of gold as fire accelerant in financial crises #buybitcoin

    Posted: 25 Feb 2019 11:51 PM PST

    Top 12 Wallets for the Bitcoin Lightning Network

    Posted: 25 Feb 2019 04:08 PM PST

    Flooding algorithm in bitcoin

    Posted: 26 Feb 2019 02:52 AM PST

    Nodes spread new transactions by using simple flooding algorithm (or gossip protocol). And it seems to be highly inefficient, due to a huge amount of excess traffic.

    So is there a way to do it more efficient while delivering information to every node anyway? Maybe it's implemented in some other blockchain? I can't find any articles about it, but this topic seems very interesting to me.

    submitted by /u/Youngroga
    [link] [comments]

    5 Things to Know About Your Crypto Taxes

    Posted: 25 Feb 2019 07:55 PM PST

    ​

    Whether you are new to crypto or have experience filing your crypto taxes, here are 5 very important things to note for your 2018 tax filings.

    1. Cryptocurrencies are capital assets and profits are recognized as capital gains

    For each taxable crypto event, a calculation must be made to determine whether you have a capital gain or loss to recognize. These gains/losses are reported on your tax forms.

    These taxable events include:

    • Selling crypto for fiat currency (i.e. USD)
    • Trading BTC for ALTs or ALTs for BTC
    • Using crypto to buy goods or services
    • Receiving crypto due to a fork or as a result of mining

    2. Losses can be used to offset gains and to reduce taxes

    If your crypto activity results in a net loss for the tax year, you can use that loss to deduct up to $3,000 against your taxable income. If you have losses in excess of the $3,000 that can be deducted against your taxable income, the excess losses will be carried forward to the next year.

    The losses that have been built up can be used to reduce capital gains in the subsequent year. In addition, the losses can also be used to reduce another $3,000 against the following years taxable income. This will continue in perpetuity until the losses are all used up.

    A Simplified Example:

    2018: $10,000 in capital losses. $3,000 are used to reduce taxable income. Thus, there is a $7,000 capital loss carryover.

    2019: $2,000 capital gain. The $7,000 capital loss carryover will be used to wipe out the $2,000 capital gain. In addition, of the left over $5,000 in losses $3,000 will be used to reduce taxable income. There is now $2,000 left in capital losses to carry forward to 2020.

    3. Keep accurate records!

    As we have seen over the past couple of weeks, exchanges go offline and users have no way to access their records. All taxpayers should constantly download their data as frequently as possible to make sure that they have adequate records.

    • Keep records of all your cryptocurrency activity, not just trading activity occurring on exchanges.
    • Periodically download your trading history from any exchanges you use.
    • Ensure you have a record keeping procedure to document all of your crypto spends.

    4. Transfers from wallet to wallet and gifts do not create a taxable event

    When crypto is transferred between wallets or exchange accounts that are owned by the taxpayer, a taxable event has not occurred. However, mining or withdrawal fees can be used as an addition to the asset's basis or a deduction from the proceeds that are eventually realized.

    A gift does not create a taxable event for the recipient. However, gifted crypto that is subsequently sold will create a taxable event. When you are gifted crypto, you receive a carry-over basis from the person who gifted you the asset. This means when someone gifts you crypto get their cost basis information from them! Additionally, the recipient of the gift receives the donor's holding period in the property for determining whether a gain is classified as long term or short term.

    Example:

    You are gifted 1 BTC in October 2018 from your friend who purchased the BTC for $2,000 in May 2017.

    Your basis in the asset will be $2,000 and it will have a long term holding period.

    5. 1099-Ks don't necessarily reflect you crypto income for the year

    If you receive a 1099-K for your crypto activity do not panic! Exchanges are required to send you a 1099-K if your activity exceeds $20,000 or you have over 200 transactions.

    The amount that is reported on your 1099-K will not necessarily indicate the amount of gains or losses that need to be reported to the IRS on your tax returns.

    ​

    www.taxingcryptocurrency.com

    Twitter: @Taxingcrypto

    ​

    Information provided on this post is not nor is it intended to be tax or legal advice. Please consult your tax advisor regarding your particular tax situation and consult a lawyer to discuss any legal advice.

    submitted by /u/Taxing_Crypto
    [link] [comments]

    Instantaneous transaction from lntipbot to my Blue Wallet - did not take 20 mins waiting for network confirmations

    Posted: 25 Feb 2019 07:59 PM PST

    I wasn’t into Forex Trading, but then they added ₿itcoin for trading, and now I’m all in

    Posted: 25 Feb 2019 06:53 PM PST

    Reddit app should have a built in Bitcoin wallet. Change my mind.

    Posted: 25 Feb 2019 10:39 PM PST

    The keys would stay on your device, and could only be hosted in either the Reddit app for iOS or Android, not on the website. With functions like !intip bot, it does make some sense. What do you the people think?

    submitted by /u/Samsung_Galaxy_S9
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment