Bitcoin

Axios The warning signs of a longer pandemic All the things that could prolong the COVID-19 pandemic — that could make this virus a part of our lives longer than anyone wants — are playing out right in front of our eyes.The big picture: Right now, the U.S. is still making fantastic progress on vaccinations. But as variants of the virus cause new outbreaks and infect more children, the U.S. is also getting a preview of what the future could hold if our vaccination push loses steam — as… Source link

FILE- This Jan. 21, 2017, file photo shows the floor of the main lobby of the Central Intelligence Agency in Langley, Va. The FBI “exercised remarkable caution and candor” in securing search warrants that led to espionage charges against a former CIA employee, prosecutors have told a federal judge presiding over the case. Prosecutors said a court hearing is not necessary to reject Joshua Adam Schulte’s claims that evidence should be tossed out because searches of his New York City… Source link

The Briefing Today, the top 1% of U.S. households own 31.2% of total wealth Data going back over 200 years suggests that wealth inequality in both the U.S. and Europe reached its peak in the early 1900s What The Data Says About Wealth Inequality Wealth inequality has gone through peaks and troughs throughout history. Most recently, in the decade between 2010 and 2020, the top 1% of U.S. households’ portion of wealth has gone from 28.6% to 31.2%. However, when expressed in raw… Source link

Virtual currencies are taxed as property, or as an investment, when you sell them. And using them to buy something counts as selling. If you’re paid in bitcoin, for instance, that will be treated as taxable income to you. That means almost every transaction may be taxable and should be reported. While bitcoin and other cryptocurrencies may be virtual, they have very real-world tax consequences. If you fail to pay the tax you owe, you will be subject to interest and penalties and, in some… Source link

Bitcoin has more than doubled this year, and it represents just over half of the overall cryptocurrency market’s value of nearly $2.1 trillion. That’s only slightly less than the market value of Apple (AAPL). Coinbase’s debut, set for Wednesday, could be a catalyst for the recent bitcoin and broader crypto surge. Coinbase is profitable and has reported strong revenue growth, and that could further help validate crypto buying and selling as a business. Based on recent private stock trades for… Source link

Bitcoin has shot toward its all-time high of almost $62,000 per bitcoin over the weekend as the cryptocurrency market gears up for Coinbase to go public. The bitcoin price has added over 5% during the last few days as the wider crypto market and smaller tokens record bigger gains—pushing the combined value of the world’s cryptocurrencies to well over $2 trillion. With San Francisco-based bitcoin and cryptocurrency Coinbase eyeing a valuation that could top $90 billion when it lists… Source link

The battle over bitcoin’s evolving role just became a piece in a complex game of political strategy. Peter Thiel’s talk earlier this week at a Richard Nixon Foundation event thrust the cryptocurrency even further out onto the geopolitical stage and highlighted two important macro narratives that investors should keep an eye on, not just for their potential impact on crypto returns. Here’s one extract from his comments: “I do wonder whether bitcoin should be thought of as a Chinese… Source link

Over the last eight years, U.S. law enforcement has seized a great number of bitcoins and at one time, the Federal Bureau of Investigation (FBI) held one of the largest bitcoin wallets after the Silk Road takedown. A recently published report shows the FBI has started using cryptocurrency mixing applications in recent times in order to obfuscate transactions from seized bitcoins that stem from a forfeiture. Do as I Say, Not as I Do The U.S. government is far… Source link

Bitcoin has suddenly surged higher, climbing firmly above the psychological $60,000 per bitcoin for the first time since mid-March. The bitcoin price hit highs of $61,240 on the Luxembourg-based Bitstamp exchange before falling back slightly, a rise of 5% on the last 24 hours. Meanwhile, ethereum, the second-largest cryptocurrency after bitcoin, rose to a fresh all-time high above $2,100. The precise cause of the early Saturday morning bitcoin price surge was not immediately clear,… Source link

Last week, Human Rights Foundation executive and Bitcoin evangelist Alex Gladstein tweeted that a recent article in Wired UK threatened to set back the cryptocurrency’s cause, by working in a well-worn and what he considers overdone, genre: bitcoin crime stories. The article, “The bitcoin terrorists of Idlib are learning new tricks,” written by CoinDesk alumna Rachel-Rose O’Leary, examined how Syria-based jihadi are using encrypted tools like cryptocurrencies and Telegram to further… Source link