Last week, the Israeli Blockchain Forum hosted a meetup with the Israeli Tax Authority (ITA). CPA Roland Am-Shalem, Senior Deputy Director General at the Authority, participated in the meetup. The deputy head of Israel’s tax bureau has announced that the government is prepared to accept alternatives to the first in, first out (FIFO) system for…
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The SEC rejected nine Bitcoin ETFs in total just recently. Experts say that a Bitcoin ETF is inevitable at some point, but the SEC is not so sure on this, it seems. While the Commission seems adamant on not approving a Bitcoin ETF any time soon, it has provided some information on what constitutes their…
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Bitcoin “whales” are not a joke, as it seems. The price of Bitcoin is fluctuating constantly with huge ups and downs along the way. Just like year, in December 2017, Bitcoin was trading for anywhere from $13,000 to almost $20,000 per coin. Analysts and reports show that there are solid reasons behind the rise and…
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After Goldman Sachs was said to launch a cryptocurrency trading desk this summer, which did not happen, now, another major US investment bank is on the "hunt" for creating a Bitcoin derivative product. Morgan Stanley is rumoured to be eyeing price return swaps that are actually tied to the "people's currency". As the price return…
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Bitcoin is definitely taking a plunge these days. The cryptocurrency is trading for around $6,500 at the time of this writing. Even hodlers seem anxious to see what will happen with the "people's currency". Walmart, on the other hand, is selling a different kind of Bitcoin - the Frankford ones - for as little as…
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Defendants can now bail out with Bitcoin. The Federal Court in California is now accepting the "people's currency" for releasing defendants. According to press releases, Bitcoin has never been used for bail outs until now. This is considered a major "breakthrough" as cryptocurrency payments were never used for getting someone out of jail. The defendant…
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The SEC is serious about regulating the Bitcoin "market", it seems. The Security and Exchange Commission has just denied a total of nine Bitcoin ETF applications from several investors, including ProShares, Direxion and GraniteShares. The rejection of the nine applications by the three candidates was announced one day prior to the deadline (23rd August). ProShares…
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Bitcoin's price has plummeted recently and the digital coin is trading at around $6,000. Investors are eagerly awaiting to see if there will be a Bitcoin ETF approved by the SEC this Thursday, 23rd of August, 2018. After some initial delay, the SEC will "make or break" the Bitcoin market for sure. The most awaited…
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The world's largest telecommunications companies in the world, AT&T, is getting a lawsuit for $224 million-suit form a Bitcoin investor, according to whom, he lost a considerable amount of money due to AT&T's negligence. Michael Terpin is now suing AT&T for $24 million, because, in his, opinion, the mobile provider has "allowed" a hacker to…
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Bitcoin has been often used as a store-of-value cryptocurrency, rather than as a transactional one. Countries that face problems with their own currencies have now turned to Bitcoin as if it would be the "gold of tomorrow". Turkey may be the next country to bet on Bitcoin, given that the Turkish Lira is currently plunging.…
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