Day: April 20, 2020

Congress and IRS Virus Relief Allow Loss Carrybacks, Tax Refund Claims

boss

Many investments these days seem volatile, but there are few asset classes that have been as volatile as crypto. If you have losses, you might have trouble claiming them, offsetting gains or reducing your income. In fact, asking if you have tax losses or even expecting some sounds like a silly question. How losses are treated under the tax law is an important and complex question. In general, our tax system requires you to treat each tax year separately. You tally up your income, deductions and other items, and you…

Huobi Mints $4.2 Million in Stablecoins — Is It a 4/20 Coincidence?

boss

Today, April 20, Huobi has reportedly minted some 4,200,000 HUSD worth $4.2 million. According to data published by Whale Alert, this minting occurred around 7:30 GMT. Social media reactions saw users note this number’s similarities to today’s date — the 20th day of the fourth month. HUSD has been mostly inactive since launch The stablecoin has not seen much trading volume since its launch in 2018, but it was reactivated on February 7 of this year, and we’ve seen some minting movements from Huobi since then. Huobi minted around 2,013,945…

People Spend More Crypto on Food and Clothing Than on Illegal Drugs

boss

A survey published by research firm Visual Objects has found food and clothing purchases to be the most common use cases for cryptocurrencies. The findings highlight a significant disparity between the perceptions and reality of how cryptocurrency is used. Many who responded to the survey said the top use cases for crypto were trading and illicit activities. The survey gathered this data from 983 respondents in the United States who are “familiar with digital currency,” including over 120 who have made purchases using crypto assets. Survey predicts drugs and stocks…

Next-Generation Bitcoin Mining Hardware Arrives Just In Time For BTC Halving

boss

Bitcoin (BTC) ASIC manufacturer MicroBT has revealed its new mining hardware, boasting a hash rate of 100 terahashes per second (TH/s). This product unveiling demonstrates that competition is heating up among major ASIC manufacturers, following Bitmain’s pre-sale of its S19 Antiminers. MicroBT’s forthcoming M30 series of Bitcoin miners, the MS30S++ and the MS30S+, were revealed to 4,000 attendees of an online launch event on April 17. The company says that its flagship unit (the ++ model, of course) is capable of 112 TH/s at a power efficiency of 31 joules…

Leveraging Hyperledger Fabric — Enterprise Blockchain Unleashes Viable Solutions

boss

Located in San Francisco’s Presidio Heights neighborhood, the Linux Foundation’s office is nestled in a square of red-roofed buildings that resemble homes rather than technology work spaces. Inside the Linux Foundation’s office sits Brian Behlendorf, the executive director of Hyperledger. Behlendorf, who has been a leading figure in the open-source software movement for years, explained that the Linux Foundation has put together a series of collaborative software projects to draw attention to specific technologies. In the case of Hyperledger, the project was initiated in December 2015 to raise awareness of…

Crypto Trading App Robinhood Reportedly Seeks $250M After March Outages

boss

Popular stock and cryptocurrency trading app had a lot of problems in March, and is reportedly trying to make up for it with help from a new injection of cash. According to Bloomberg, Robinhood is in the process of raising $250 million at a valuation of about $8 billion. Citing anonymous sources, the report says the new funding round will be driven by Robinhood’s existing investors, like major venture capital firm Sequoia Capital. The word is that there’s still no final deal. Cointelegraph contacted Robinhood for comment and didn’t receive…

What It Means to Be an Investor Amid the Global Pandemic

boss

Investors are no strangers to extreme situations — history’s Great Depression is one of the best examples of this. However, the COVID-19 pandemic presents a new type of extreme situation. And the question racing through nearly every investor’s mind is: Can this pandemic offer opportunities despite all the difficulties it presents? As an investor, I believe the answer is a resounding yes. Extreme situations always provide incredible opportunities for investors. In fact, I’d go so far as to say that it doesn’t matter what type of assets you’re looking to…

I bought an Old Bitcoin Mining Rig

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Install Raid for Free ✅ IOS: ✅ ANDROID: Start with 50K silver and join the Special Launch Tournament for a chance to … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Crypto Staking Wallet Offers 1.5% Daily Returns: Ponzi in Progress?

boss

A cryptocurrency staking wallet that offers users as much as 1.5% daily returns is bearing striking resemblance to a Ponzi scheme. That’s according to a Medium article published on April 19 by Jan Kowalski which warns readers to steer clear of an app known as StakedWallet. The website offers Proof-of-Stake “investment opportunities” wherein the user’s daily payout increases the longer they keep their funds staked. Staking payouts begin at 0.6% per day, and increase to 1.5% after nine months. Seemingly effortless daily returns such as these have been a hallmark…