Monday, 26 March 2018

Wednesday, 21 March 2018

When Is a Bitcoin Not a Bitcoin? When It's an Asset, Says G-20

Finance ministers seeking to crack down on tax evasion this week in Buenos Aires have cryptocurrencies like Bitcoin at the forefront of their minds.
The Group of 20 countries are moving to a consensus that cryptocurrencies aren’t money after all, but an asset. That means trades potentially could be subject to capital gains tax.
Cryptos “lack the traits of sovereign currencies,” according to a draft G-20 communique obtained by Bloomberg. The G-20 ministers are scheduled to discuss the issue in full Tuesday afternoon.
“Whether you call it crypto assets, crypto tokens -- definitely not cryptocurrencies -- let that be clear a message as far as I’m concerned,” said Klaas Knot, president of De Nederlandsche Bank NV, who also chairs the Financial Stability Board’s standard committee on the assessment of vulnerabilities. “I don’t think any of these cryptos satisfy the three roles money plays in an economy.”
It’s already proving an issue in the U.S., where only a tiny fraction of Americans are reporting their crypto deals to the Internal Revenue Service, according to Credit Karma Inc. Less than 100 of the first 250,000 federal tax returns filed as of February 2018 included a declaration related to crypto gains and losses, it found.


https://www.bloomberg.com/news/articles/2018-03-20/when-is-a-bitcoin-not-a-bitcoin-when-it-s-an-asset-says-g-20?srnd=cryptocurriences

Bitcoin Spikes After G-20 Expresses No Desire for Crypto Oversight

Bitcoin is rallying after the Group of 20 nations steered clear of calling for a coordinated clampdown on the cryptocurrency market.
The largest digital currency jumped as much as 5.5 percent to $8,889 after hovering between 8,400 and 8,600 for the past day. Bitcoin is clawing its way back from a drop below $8,000 to a one-month low on Monday.

own coin

Global Crypto Offering Exchange is attempting to capitalize on the intersection of avid fanbases -- sports and cryptocurrencies -- to grab investor dollars in the frenzied initial coin offering space.
The company has teamed up with ex-Liverpool soccer star Michael Owen to issue a cryptocurrency in his name -- the OWN coin. Owen joins boxing veteran Manny Pacquiao as investors and issuers of celebrity tokens with the exchange.
“You have to be brave and sometimes put faith in things,” Owen said in an interview in Hong Kong, when asked about investing in still-new cryptocurrencies, which some have derided as worthless.


https://www.bloomberg.com/news/articles/2018-03-21/crypto-craze-sees-singapore-firm-tapping-sports-stars-for-tokens?srnd=cryptocurriences

Free link to get free coins

https://nauticus.io/ref/02e3844100b10d6e75b0d56606da5127b09e454b319ce572b991e3da3c87a80a