@cryptopassionClose to $400 million USD raised from initial coin offerings have been lost or stolen, a new research has found. The embezzled funds constitute more than 10% of what had been collected for the projects covered by the study. Meeting fundraising goals is getting harder for companies conducting new ICOs.
Read more & Source: https://news.bitcoin.com/new-research-10-of-funds-raised-in-icos-lost-or-stolen/
The South Korean government is working on taxing cryptocurrency transactions. While the media reports that up to 24.2 percent taxes will be collected this year from crypto exchanges, the regulators say that the tax rates have not been decided.
Read more & Source: https://news.bitcoin.com/coinbase-making-2-7-million-day/
Payment processor Stripe announced Tuesday that it will end support for bitcoin as a payment method in April.
He continued:
"Because of this, we've seen the desire from our customers to accept Bitcoin decrease. And of the businesses that are accepting Bitcoin on Stripe, we鈥檝e seen their revenues from Bitcoin decline substantially. Empirically, there are fewer and fewer use cases for which accepting or paying with Bitcoin makes sense."
Read more & Source: https://www.coindesk.com/stripe-to-end-support-for-bitcoin-transactions/
With so many different initial coin offerings coming to market in 2017, it is evident not all of these ventures will be successful over the long haul. Status is one of the concepts which may actually succeed in the long run, assuming the team can deliver on their promises. The ambitions of this project should not be underestimated, though, as there is a lot more to come from Status.
Read more & Source: https://themerkle.com/what-is-status/
There has long been speculation that a special IRS amnesty program will be announced for Bitcoin and other digital currency taxpayers. It seems overdue. There鈥檚 a good deal of tax cleanup that some people need to do. But so far, we don鈥檛 have one. In the meantime, we still must file tax returns every year.
For crypto investors who need to fess up to past transgressions, there is no formal IRS program to control risks and to guarantee a particular formulaic result. A predictable tax and penalty result is what IRS amnesty programs usually provide. You can address this without a formal amnesty, of course.
Read more & Source: https://cointelegraph.com/news/taxcrypto-expert-blog
@cryptopassionYesterday, I was showing your that chart :
As you can see, it looks like that we want more go test the resistance line in orange than the support line in red.
However, my previous prediction is not yet invalidated. Here are, for me, the 2 mains scenarios :
- We will continue the current UP to go test the resistance line in orange
- The drop will come back and we will go test the support line in red before trying again to break the resistance line in orange.
