Brazil IRS Creates Penalty Code For Dishonest Crypto Taxpayers

The IRS in Brazil has turned the spotlight on crypto deals and transfers, creating a special penalty code to fine for misreporting. Brazil Requires Monthly Filings for Crypto Activity Failing to file a monthly report of crypto asset movements triggers “Revenue code 5720 – Default for Default / Incorrect / Delay in Reporting on Transactions Performed with Crypto”, reported community portal OBN. Brazil introduced crypto regulation this August, and the IRS claims it has received reports for $14 billion in transactions in the past few months. It is uncertain how…

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Decision Time For Future Of Bitcoin As Crypto Teeters On Bear-Bull Edge

After spending the first half of the year in a powerful, parabolic uptrend, Bitcoin price has been suffering from a downward spiral ever since the summer when the first-ever cryptocurrency topped out at $14,000. Now that Bitcoin has erased nearly 50% of the gains from the run-up, it’s decision time for the leading crypto asset and the rest of the crypto as a whole, according to one financial analyst, who says that whatever happens here, will either send Bitcoin into a new bull market, or an extended, multi-year bear market…

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Kraken Cryptocurrency Exchange Adds Support For the Swiss Franc

San Francisco-based cryptocurrency exchange Kraken is adding support for its latest fiat asset, the Swiss franc (CHF). According to a blog post on Dec. 5, Kraken said that in collaboration with Liechtenstein-based Bank Frick, the Swiss franc will join the roster of fiat currencies that Kraken already supports, namely the United States dollar (USD), the Canadian dollar (CAD), the euro (EUR), the British pound sterling (GBP), and the Japanese yen (JPY). The Kraken team further revealed that CHF trading begins on Friday, Dec. 6, and that it will roll out trading…

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Video: Justin S. Wales on How the First Amendment Protects Bitcoin

In a tweet he posted on November 25, 2019, Carlton Fields Senior Counsel Justin S. Wales announced the publication of a unique research paper which linked bitcoin transactions with free speech and the First Amendment of the U.S. Constitution. The paper, which was co-authored with veteran First Amendment lawyer Richard J. Ovelmen, is part of Volume 74 of University of Miami Law Review. It’s called “Bitcoin is Speech: Notes Toward Developing the Conceptual Contours of Its Protection Under the First Amendment.” “I wrote this article alongside my colleague Richard J.…

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Analyst Who Perfectly Called Bitcoin Price Sees Bright Future Ahead

Cane Island Analyst Timothy Peterson maybe one of the only analysts to have accurately predicted the end of year bitcoin price . His analysis back in March this year, stated that the leading cryptoasset would price in at $7,800 by the end of December. If bitcoin continues to track as Peterson’s predicts,  BTC should close above it’s all-time high by the end of 2021. Climbing Higher At a Slower Pace In December 2019, the market price of BTC will hover near $7,800, predicted analyst Timothy Peterson. He was close enough…

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Bitcoin Price Rallies To $7700 In Bearish Sentiment Short Squeeze

This morning, Bitcoin price fell to under $7,100 abruptly before the first-ever cryptocurrency exploded through resistance at $7,300 all the way to $7,700 before it began to finally cool off. Can bulls push Bitcoin higher and reclaim critical resistance as support once again, resulting in a rally leading up to Christmas? Or will bears swat down the attempt to break higher here, resulting in a not-so-happy holiday season for crypto investors? Bitcoin Price Rockets to $7,700 in Sentiment Driven Short Squeeze When Bitcoin was trading at lows below $4,000, sentiment…

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Canadian Venture Capital Firm Secured $320 Million to Invest in Fintech Startups

Portag3 Ventures, a Canadian venture capital (VC) firm, has closed a second fund with around $320 million to invest in fintech startup companies globally. On Dec. 3, TechCrunch reported that the VC company received final commitments from institutional and strategic investors totaling $320 million. The funds will allow the company to make early-stage investments in promising fintech startups around the world, with a particular focus on regions like Canada, the United States, Europe and certain markets in the Asia-Pacific region. “Build global champions” Portag3 Ventures CEO Adam Felesky reportedly said…

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The Nonprofit Push to Make Giving Tuesday About Giving Bitcoin

Black Friday’s history is complicated. The U.S. tradition of shopping on the day after Thanksgiving dates back to the early 20th century, though the term wasn’t coined until the 1960s. Since then, the event has unravelled into a multiday scramble for door-busting deals; for some, it now begins on the day of Thanksgiving itself and has extended its influence into such offshoot events like Cyber Monday, a day of digital shopping discounts. It has also given rise to Bitcoin Tuesday (#BitcoinTuesday). As its name implies, #BitcoinTuesday is meant to encourage…

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