Below is the official link of the news https://www.fidelitydigitalassets.com/news-perspectivesFidelity international sets up a subsidiary company to foray into crypto market known as "Fidelity Digital Assets" and the NY license is granted to them! While it's a good news in general, but their business is open for only institutional investors and not common people like you and I. Institutional investors have a lot of money though. And bitcoin and cryptocurrency in general needs an influx of new money. |
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America runs this shit. It controls bitcoin, it controls gold, it controls the world.
Really? As far as I know Bitcoin is border less. A lot of countries are Bitcoin friendly and the best way to f#@%$k with the politicians minds is to take away their power by taking away the tax money that pays for their salaries. The Prohibition <Alcohol> in the US has shown us the solution, when the USA start to ban Bitcoin. The black markets and underground networks will pop up like crazy and it will be decentralized, so they will not be able to shut it down. People will simply earn bitcoins online and then shift those bitcoins to people in Bitcoin friendly countries to convert it for them or they will have a TAX free Bitcoin holiday in those countries. All that TAX income will be lost for the US government, because they will not be spending it in the USA.  The USA is not going to ban bitcoin. It's one of the most bitcoin friendly states in the world. As long as companies like Coinbase are growing and paying tax, nobody is going to kill the golden goose. |
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I don't believe there has been any actual evidence or legislation that has been ruled for the EU community, the best thing I could find about their rules related to cryptos is this, which isn't much:
By January 2020 all countries should have amended their laws to comply with the AMLD V directive. The tl;dr is like all regulations affecting the cryptocurrency sphere, this one, too, will make it more expensive to do business/make it less attractive for customers (at least for some companies). People from outside the EEA might even find themselves blocked from using EU/EEA exchanges and looks like KYC is going to be mandatory at all times (so far some small(er) exchanges were able to avoid asking for KYC for smaller transactions/volumes). Does this apply to global exchanges that have european customers? Or only to European exchanges that are based and registered in Europe? |
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According to the Financial Times: https://www.ft.com/content/eb3fce1c-0a80-11ea-b2d6-9bf4d1957a67Fidelity has been granted a trust licence to offer trading and custody of bitcoin by the New York State Department of Financial Services, as the asset management group continues to woo cautious institutional investors into the “Wild West” of digital assets.
The move allows Fidelity’s new digital assets subsidiary to launch a digital currency custody and execution platform “on which institutional investors and individuals can securely store, purchase, sell, and transfer bitcoin” to New York residents, the DFS said.
Boston-based Fidelity, which has about $2.8tn of assets under management, made clear last year it intended to take the plunge to offer digital assets services to Wall Street, where other regulated groups have held back from the nascent marketplace.
This is potentially huge. Fidelity has a lot of existing customers who use their online investment services - so making it easy for this group to trade bitcoin may mean a lot of new money entering the bitcoin space. |
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I think the real truth is that millenials find it easier to buy bitcoin than gold or real estate - so it's not about preferences but accessibility.
They're probably not interested in gold - but they'd buy real estate in a heartbeat if they had the money to do so. Unfortunately this is a generation that has been blighted by the Great Financial Crash and they struggle to get mortgages. Which is why they're hoping that cryptocurrency might be the "big thing" that gets them their nest egg.
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The only coin that has benefitted from hodling is bitcoin. And maybe Ethereum and Litecoin if you bought in the early days when they were about a $1.
With the other alts, you have to understand that the only beneficiaries are the developers. There are so many coins, why start a new one instead of helping improve an existing coin? Because the developer wants to make bank.
First they launch their coin, and maybe do a ninja mine so they accumulate before everyone else. Or maybe do an ICO. Then a bit of hype to get ordinary people to buy, while the developer is offloading to the ordinary person. Then once the developer has made a profit, it all sort of dies away. Rinse and repeat. If you don't sell during the hype period, you become a bagholder.
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Here is my take:
Bitcoin is a revolutionary idea, solving a key problem on the internet (how not to double spend digital money). But it has been clumsily executed with blocks being generated too slowly, leading to backlogs in the mempool and an inability to scale. It's good for a store of value, but not as a payment processor.
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Well!! Did you know? 2019 is coming to an end, the cryptocurrency market is booming really well in the crypto space, as day by day the crypto is performing really well in the crypto space. Several crypto experts predict that bitcoin will go up in the upcoming years and other cryptos like ripple, litecoin, ethereum and one of the top crypto for 2020 to invest. What's your take on top crypto for 2020? I think old coins - Litecoin, Ethereum, dogecoin and bitcoincash - will make a comeback. Look for coins that are on loads of exchanges - those are the ones that will dominate in 2020, and they're mostly old coins with established communities. |
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This entire bitcoin space breeds greed, envy, fear, and lust. All you of hodling bitcoin are mentally ill. You have been conned into thinking bitcoin is going to the moon. It's not. Charts show bitcoin is slowly bleeding to death. Bitcoin is no different than Bernie Madoff's Ponzi scheme where new bag holders are needed to pay off the earlier investors.
In January 2019, the bitcoin price was $3,440. It's now about $8,200. It has to be the best performing asset this year, having beaten stocks, bonds, gold and real estate. |
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I am a rather big fan of heist movies such as The Perfect Score, Ocean’s 11, the Mission: Impossible Movie Franchise and many more less well-known heist movies. While watching those movies, I’m just thinking would it be possible to plan a heist to seal some crypto-currency? Moreover, are there any cryptocurrency heists that have taken place in the real world so far?
The answer is Yes. Some foolish people who have boasted about how much cryptocurrency they have, have been burgled and their laptops stolen. See the following: https://www.theguardian.com/uk-news/2018/jan/28/cryptocurrency-trader-forced-at-gunpoint-to-make-bitcoin-transferFour men broke into the man's house and forced him to give up his private keys. |
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The answer is No. It's too much hassle to close down accounts and shut down all your direct debits and so on, and move them.
It's better to open a separate account for all your crypto stuff (and you can easily transfer money between these accounts if you need to).
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I want to establish a company to sell software to help in bitcoin trading.
I could get paid in fiat via a payment processor, but even still, banks have told me at one country I was going to incorporate in, that even getting euros or dollars on my account from such business would be a problem.
Is anyone aware of countries, preferably, of course, with a low tax rate, that don't have issues with their clients getting money from this?
Thanks.
You are better off making a visit in person to your local bank manager to ask for help with it - most banks will make an exception for you if they know you and you have a track record with them. As for taxes - they're nothing to do with where you bank and everything to do with where your customers reside. They will pay tax in the place they reside according to the rules of that jurisdiction. |
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The rule of the market is generally "buy on the rumour, sell on the news" or "buy in anticipation, sell on confirmation".
So there might be a price rise in the run up to the halvening (see the price rise that happened just before the litecoin halvening in August), and then a sell-off as it happens.
Complicating things is that there are some unhappy people out there who bought when bitcoin was at the all-time high of around $18,000 - $20,000. If they see the price approach that again they will rush to sell "to get their money back" and relieve the mental pain they've had all this time due to their current loss. So we might see another sell-off as bitcoin approaches $20,000 again.
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the reason people hate taxes is not that there are taxes but that the taxes are not seen as helping th public directly
for instance.
the amount of funds that go to pay for military, but the only time people see military within a country border, is during the soldiers vacation. the rest of the time they are abroad helping out defend other countries
The solution to that is to vote for Tulsi Gabbard. Then all that money will get directed towards the home front. The US has periodic bouts of isolationism and this is well overdue at the moment. |
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Direct quote ""Economists at investing giant Vanguard predict over the next 10 years annual U.S. stock market returns will likely average 3% to 5%""
The problem is: Are economists trustworthy or they are just trying to shill you their US stock?
And,
Can crypto beat the annual return of general stock market?
What's your prediction on crypto-economy?
They're just projecting from the present into the future. The reality is that the bull market is now old and tired and just needs a shock to bring it down. Or just needs enough people just cashing out for their retirement to start a selling spree. |
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It appears to be Binance doing stuff with USDT. Yup. It's not an attack, just some consolidation. The address in question is 1FoWyxwPXuj4C6abqwhjDWdz6D4PZgYRjA, which is known to belong to Binance. Each USDT transaction leaves behind 546 satoshi in dust, and so Binance seem to be currently consolidating hundreds of thousands of these. You can see pages and pages of unconfirmed transactions here: https://blockchair.com/bitcoin/address/1FoWyxwPXuj4C6abqwhjDWdz6D4PZgYRjA. Since each transaction is only consolidating in to 0.0007 BTC UTXOs, I would expect that once these are all confirmed they would sent out another batch (albeit a much smaller batch) of transactions to consolidate further. It's just Binance taking advantage of the current low fees. Not an attack by any means, and trivial for your transaction to overcome it all by using a fee higher than the absolute minimum. I wish this was publicised a bit more. The amount of scare stores the current mempool has generated is crazy - and a lot of them from so-called experts in the crypto media. |
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Binance plans to add 180 fiat currencies. “One of the key things I want to do for the next few months – six to nine months or so – is to get those other 180 onboarded onto Binance.com,” CZ said. https://micky.com.au/binance-to-onboard-180-new-fiat-currencies/In your opinion, do you think this is a step in the right direction? Would this play a crucial role in the adoption of Cryptocurrencies worldwide? Binance has always been a pace setter, starting from IEOs to margin trading and now fiat currencies, it's likely that we would be entering an era where other exchanges would be scrambling to onboard fiat currencies too and this would definitely make it easier for people to access Cryptocurrencies from their countries. If they can onboard all those fiat currencies AND allow you to withdraw those currencies to your home bank account in whichever country you are in - then yes, this is a big game changer. If they're onboarding just for trading purposes but there is no withdrawal facility for those currencies, then not so much. |
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Bitcoin saw its price jumped from $400 to $800 USD per coin during the 2016 halving. Can we expect the same for next year's BTC halving? I've written a little article on the halving and need you guys to point out inaccuracies. Let's get ourselves pump and ready to rip the benefit (if there will be any). https://www.cryptozink.io/what-is-bitcoin-halving-when-why-2020/ Based on what happened to litecoin, I'd say no. The previous litecoin halving in August 2015, litecoin went from $1.12 to $8.72 before falling back to $2.55. But in the 2019 halving, it rose to about $150 and then fell back to $60 - significantly below the all time high of $360. |
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There is not much demand or interest for the sex workers. Why would they need it? They do it for money, (money usually needed immediately) not for something that they need to then exchange it back to local currencies I don't quite agree with this part Actually, Bitcoin may well turn out to be the currency of choice in the porn industry, just like Dogecoin is for gambling (if PayPal and its likes such as Visa etc do everything right). How come? The cam girls are typically from Eastern Europe and third world countries (apart from porn stars like already mentioned Shyla Jennings who quite literally don't give a fuck anymore), while their viewers mostly come from America and the rest of Europe (maybe, Japan too). This basically means that the girls are paid in dollars and euros, and they still have to convert the payment received into their local currencies. So how much is Bitcoin different in this department? Is there an exchange where you can covert bitcoin directly into eastern european currencies (zloty, korunas and so on)? If so, then using bitcoin would be easy for them. If they have to convert bitcoin into euros and then from euros to their own currencies, they'll be paying fees twice over compared to now. |
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