As the price of bitcoin (BTC) and altcoins continue to “moon,” India’s tax agency, the Central Board of Direct Taxes (CBDT) is reportedly making active plans to clip the wings of crypto tax evaders in the country.

Per sources close to the latest development, the nation’s Income Tax Department has obtained the transaction history of crypto traders that executed trades via banking channels prior to the apex bank’s ban on fiat-to-crypto trading in 2018.

While crypto taxation is yet to become a thing in various jurisdictions across the globe, as authorities continue to look for ways of making crypto investors file the correct taxes on their bitcoin trading gains, Naimish Sanghvi, a top Indian crypto influencer has taken to Twitter to reveal that bitcoiners in the state have been paying taxes on their crypto profits contrary to reports.

Source: https://btcmanager.com/india-taxman-bitcoin-price/

Will it happen to other countries as well?

O’Leary Would Put up 20% of his Portfolio Into Bitcoin if Major Regulators Support it

He further stated that he believes that the world really needs currencies like Bitcoin. However, his main doubts over investing anything from 1% to 2.5% of his portfolio into Bitcoin is the lack of support from the government. O’Leary also elaborated that, if regulators were to support digital assets, then he would think of investing a more substantial portion of his portfolio into crypto.


O’Leary’s various comments clearly show a comprehensive change of heart, from opposition to acceptance of Bitcoin. In the same 2019 CNBC interview, O’Leary had also stated that he believes that the digital currency is garbage due to difficulties caused by its volatility, which he still worries about even today.

Besides O’Leary, another Shark tank investor Barbara Corcoran had also openly expressed her point of view on Bitcoin, stating that buying real estate with Bitcoin is common sense.

https://btcmanager.com/kevin-oleary-portfolio-bitcoin-governments-agree

Thoughts on this Shark Tank, everyone?

Bitcoin Price Rally to Over $19,800 Likely Because of “Smart Money”

Preceding the Bitcoin price pump to over $19,800 was an influx of new capital and investors, data from GlassNode reveals.
The Bitcoin Price Pump

The Bitcoin price has since contracted to around $19,400 at the time of writing but price action favors bulls.

After last week’s decline–that saw prices slide to $16,555 before reversing to spot rates, the entry of new investors is bullish for Bitcoin price and the crypto scene.
Focus on On-Chain Activities

Differentiating the current Bitcoin rally from previous pumps are bullish on-chain activities and the influx of smart money.

Not only is the network hash rate increasing months after miner rewards were slashed—hinting at the resilience and miners’ expectations of better prices, but the spike from $13k to $16k saw the largest wave of coins changing hands.

Besides, more users flew in, hoping to capitalize on price increments.

With investors shifting gears, looking for entries and tuning their positions––allocating funds for the digital asset, there was a firm foundation for the current upswing and potentially, the printing of a new 2020 high.

Accompanying this rally are the outflows from exchanges.

According to Willy Woo, this withdrawal of coins out of centralized ramps was organic. Bitcoin buyers reportedly scooped an unprecedented number of coins as prices temporarily corrected in mid-November. 
Institutional Flow to Bitcoin and Gold Comparison

Increasingly, crypto and Bitcoin is now being re-assessed by different institutional-grade investors.

Citing the coin’s superior characteristics and its fixed supply, Bitcoin is now a viable alternative to gold.

However, the gold market is one of the deepest and most liquid with over $7 trillion in average daily trading volumes.

On the other hand, the total crypto market has a market cap of $581 billion as of Nov 30. Bitcoin, the most valuable digital asset, is dominant and has a market capitalization of $389 billion.

Even so, it has been immensely successful since the concept of decentralized and internet-native digital currency is roughly 12 years old.

At spot levels, Bitcoin is more valuable than JP Morgan and most leading global banks in the United States and China.

Source: https://btcmanager.com/bitcoin-price-19800-smart-money/

http://cryptographicasset.com/blockchain-based-securities-tokens-could-shake-up-vc-and-private-equity/

A good read. With Security Token Offering becomes more mainstream, I think this is the chance for Polymath and other companies to take off one more time.

Ever wanted to run an RSK node in seconds? OAKNode makes it super easy!

https://medium.com/@RSKNews/rsk-oaknode-run-your-node-with-a-just-a-few-clicks-ea14fd63c301

https://blockchainmedia.id/hitbtc-turunkan-lot-perdagangan-dan-akan-buat-trollbox-berbahasa-indonesia/

ok its good that you lower the lot sizes and will add indonesian language to the trollbox. but then, lot sizes could be smaller than ever (i just tried to sold 0.00005 BTC for usdt and it went through), but the withdrawal fee dammit. you guys should change the entire fee structure and be damn competitive with everyone!

https://www.financemagnates.com/thought-leadership/online-gaming-the-blockchain-revolution/

Way to go, Pigzbe!

Ooooh, it's definitely a good read, check this out here: https://dailyhodl.com/2018/11/14/each-year-sees-billions-hit-by-data-breaches-we-need-to-bring-blockchain-to-fruition/

Wirex unveils corporate partnership with hand-held ‘piggy-wallet’, Pigzbe

https://globalcoinreport.com/wirex-corporate-partnership-piggy-wallet-pigzbe/

The absence of High Net Worth Individuals (HNWIs) has kept crypto markets hovering at a relatively modest $220 billion total market cap. However, recent stability in bitcoin prices poses the question of whether markets are growing to be mature enough for serious money to make an entry.

Read More https://www.techbullion.com/are-we-approaching-big-money-conditions-in-cryptocurrency-markets/

Metaverse mentioned in this article!

https://irishtechnews.ie/for-crypto-to-go-mainstream-digital-identities-have-to-mature/

Guys, let's vote DBIX to be nominated for listing on ETERBASE!

https://www.eterbase.com/post/november-nomination-campaign-to-get-your-favorite-crypto-listed-on-eterbase-for-free

Just go to the Discord channel here: https://discordapp.com/invite/S62VK6p AND vote with: ~vote [YOUR DISCORD USERNAME] DBIX. The final voting round will be done on Twitter Polls!

https://cryptodisrupt.com/ripples-success-in-the-us-may-be-irrevocably-tied-to-global-geopolitics/

Thoughts?

Bitpay? Or Wirex, they're coming to the US:

https://www.the-blockchain.com/2018/10/23/wirex-moving-into-the-us-means-they-now-offer-more-than-any-other-crypto-card/

https://www.fxstreet.com/cryptocurrencies/news/bitpay-dominates-us-crypto-debit-card-market-but-wirex-now-poses-a-serious-threat-201810231223

Wirex going to the land of the free?