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SYDNEY, Oct 26 (Reuters) - The cryptocurrency industry said on Wednesday it was disappointed with Australia's decision to continue treating digital currencies as assets for tax purposes, and not as foreign currency. The government said in its budget announcement on Tuesday it would introduce legislation to enshrine the treatment of digital currencies such as Bitcoin as an asset. This means investors would pay capital gains tax on profit from selling crypto assets through exchanges and when they trade digital assets. The crypto sector is largely unregulated in Australia and the Treasury said in August it would prioritise ‘token mapping’ work, which will help identify how crypto assets and related services should be regulated. "Europeans are going to be pulling ahead, the U.K. now has a prime minister who is familiar with central bank digital currencies," Bowler said.

☆ Google Agrees to Compliance Reforms in DOJ Settlement
▼ + stars: | 2022-10-25 | by ( Richard Vanderford | ) www.wsj.com time to read: +2 min

Alphabet Inc.’s Google has agreed to improve its compliance program in a settlement with the U.S. Justice Department, which said the search giant lost data federal investigators sought in connection with a probe into a cryptocurrency exchange. The DOJ said Tuesday that a third-party independent compliance professional will monitor whether Google holds up its end of the deal. Under the agreement, Google will be required to reform and upgrade the compliance program that handles responses to legal demands such as subpoenas and search warrants. Prosecutors obtained a warrant in 2016 for the data Google held, but Google and the DOJ litigated over the warrant through 2017 and 2018, the DOJ said. Google also created tools so the data wouldn’t be backed up stateside as the dispute unfolded, the DOJ said.

☆ U.S. strikes deal with Google over search warrant data loss
▼ + stars: | 2022-10-25 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Andrew KellyWASHINGTON, Oct 25 (Reuters) - The U.S. Justice Department said on Tuesday it reached an agreement with Alphabet Inc's (GOOGL.O) Google resolving a dispute with the search engine giant over the loss of data responsive to a 2016 search warrant. The government said it was a "first-of-its-kind resolution" that would result in Google reforming "its legal process compliance program to ensure timely and complete responses to legal process such as subpoenas and search warrants." Google, which did not immediately comment, told a U.S. court it had spent over $90 million "on additional resources, systems, and staffing to implement legal process compliance program improvements." In 2016, the United States obtained a search warrant in California for data held at Google related to the investigation of the criminal cryptocurrency exchange BTC-e, the department said. Google will assemble reports and updates regarding the compliance program that will go to the government, the Google Compliance Steering Committee and Alphabet board committees.

☆ Cryptoverse: British pound fiasco boosts bitcoin's hedge appeal
▼ + stars: | 2022-10-25 | by ( Lisa Pauline Mattackal | ) www.reuters.com time to read: +4 min

Oct 25 (Reuters) - As a developed nation, you know your currency's in a spot of bother when investors start to hedge with bitcoin. Register now for FREE unlimited access to Reuters.com Register"It was the first time we've seen such a huge increase in (bitcoin) volumes for the currency of a developed country," said Ed Hindi, chief investment officer at Tyr Capital. In fact, over the past month of market ructions, U.S. Treasuries have been equally or more volatile than bitcoin, according to Refinitiv data. The pound volumes echoed similar instances of investors jumping into bitcoin when fiat money came under pressure, including in Russia and Ukraine this year. Some crypto watchers say the September surge was nonetheless a reflection of bitcoin's enduring appeal as an asset outside mainstream finance.

Data from Bloomberg Economics shows that El Salvador tops its ranking of emerging market countries that are vulnerable to a debt default. Another survey by the institute found that 76 out of 100 small and medium-size enterprises in El Salvador do not accept bitcoin payments. But in 2022, recent data shows that only 1.6% of remittances were sent to El Salvador via digital wallets. Meanwhile, its other national currency, bitcoin, is revered for the fact that it, too, is impossible to mint out of thin air. "Bitcoin doesn't solve any of El Salvador's important economic problems," he added.

☆ Sell Coinbase as rising competition and macro pressures will hurt the stock, Wells Fargo says
▼ + stars: | 2022-09-29 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

A challenging economic environment will pressure shares of Coinbase going forward, making now a good time to sell, according to Wells Fargo. Coinbase just updated its fee structure to incentivize higher volume traders, and it's likely that retail fees will follow, according to the note. Wells Fargo forecasts a 56% year over year decline in retail transaction revenue to $451 million for the third quarter. There isn't a clear path that Wells Fargo sees for Coinbase to reach profitability in the coming years, given the backdrop for the company. Coinbase shares dipped 2.4% in the premarket.

The pound fell to a record low against the dollar on Monday, having plunged the previous Friday after the UK government announced unfunded tax cuts . "There is a high correlation to bitcoin volume growth and political/monetary instability," he said. read moreVersus the dollar, bitcoin is down around 58% so far this year, while the British pound is down 20%. Bitcoin was trading around $19,515 on Wednesday and at 17,940 versus the British pound . The cryptocurrency hit a two-week high against the British pound on Tuesday.

☆ Bitcoin surges 7% to top $20,000, its highest level in more than a week, even as stocks hit 2022 lows
▼ + stars: | 2022-09-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Nurphoto | Getty ImagesCrypto investors have been watching monetary policy because digital currencies have been closely correlated to U.S. stock markets this year. Interestingly, bitcoin's rally, which began on Monday, happened despite a fall in U.S. stocks with the S&P 500 closing at its lowest level of 2022. So, there are signs that perhaps the correlation between crypto and stocks could be weakening. Bitcoin moves inversely to the dollar, so a strong greenback is negative for bitcoin. However, Ayyar said that the dollar index could be nearing its top which would mark a potential bottom for bitcoin.

☆ An ex-Wall Street trader-turned financial literacy coach shares the 3 investing strategies that helped her become a millionaire at 27 — and breaks down the 5-step method she used to achieve financial
▼ + stars: | 2022-02-26 | by ( Vicky Ge Huang | ) www.businessinsider.com time to read: +7 min

Vivian Tu, an ex-Wall Street trader, now works in tech and teaches financial literacy on TikTok. She shares her 5-step method and 3 investing strategies to achieve financial independence. Unable to break the lease without paying an $8,000 penalty, Tu watched her entire savings vanish from her bank account. "It made me realize that if people who work in finance don't understand personal finance, and if people who don't work in finance don't understand personal finance, who understands this stuff," she said. "I" is for investing, which refers to both investing in assets in a brokerage account and investing in hobbies and education.

☆ В Коста-Рике утонул владелец 1 млн биткойнов, румын Мирча Попеску
▼ + stars: | 2021-06-30 | by ( Super User | ) mybusiness.md time to read: +1 min

Ранний инвестор биткоина Мирча Попеску утонул в Тихом океане на побережье Коста-Рики. Попеску называли одним из самых консервативных сторонников первой криптовалюты – он возражал против любых изменений ее протокола. Как утверждали знакомые Попеску в 2016 году, на его счетах находилось примерно 1 млн BTC (около $1 млрд на тот момент). Сам Мирча Попеску неоднократно утверждал, что он единственный, у кого есть 1 миллион биткойнов. Сообщается, что с 2012 года Мирча Попеску начал писать статьи о биткойнах и криптовалютах.

Persons: Мирча Попеску, Попеску, Питер Велле Organizations: ETH, BTC, Bitcoin Savings & Trust, Департамент судебных расследований () Locations: –, Тихий океан, КостаРики, ПлайяЭрмоса, Пунтаренас

☆ Сальвадор первым в мире легализовал биткоин как платежное средство
▼ + stars: | 2021-06-09 | by ( ) newsmaker.md time to read: +1 min

Сальвадор стал первой в мире страной, которая узаконила использование криптовалюты биткоин как платежного средства. Президент Сальвадора Найиб Букеле сообщил, что подпишет документ в ближайшее время, после чего тот «немедленно» вступит в силу. xСогласно закону, цены в Сальвадоре могут устанавливать в биткоинах, также в криптовалюте можно будет оплатить налоговые отчисления. Обмен биткоинов не будет облагаться налогом на прирост капитала, при этом обмениваться на доллары биткоины будут по рыночному курсу. По словам Букеле, создание современной финансовой инфраструктуры уже в ближайшее время поможет создать новые рабочие места.

Persons: Найиб Букеле, Букеле Organizations: РБК, Банк развития Locations: Сальвадор, США

☆ Ethereum подражает биткоину! Новый ATH для второй по популярности криптовалюты
▼ + stars: | 2021-05-19 | by ( ) ru.diez.md time to read: +4 min

Новый ATH для второй по популярности криптовалютыEthereum (ETH), вторая по величине криптовалюта по рыночной капитализации и объему, в феврале достигла нового рекордного максимума. Конечно, между терминами Ether и Ethereum есть разница, но в криптовалютном мире они уже давно используются как взаимозаменяемые. Я бы даже сказал, что в ближайшие три месяца мы увидим, как Ethereum достигнет уровня 2500 долларов за монету». Интересно, что всего месяц назад Гундлах заявил, что остается нейтральным по отношению к BTC из-за волатильности обменного курса. Давайте посмотрим на это с другой стороны — что более вероятно: что Ethereum удвоит свою стоимость и достигнет курса в $4 000 или что Bitcoin сделает то же самое и достигнет курса в $120 000?

Persons: ATH, Биткоину, Луис Куэнде, Илона Маска, Джеффри Гундлах, Гундлах, Биткойна Organizations: ETH, CME, Tesla, BTC, Mastercard BNY Mellon, DoubleLine, Интернет, криптовалютыВедущие Locations: ATH, —, Aragon, Ethereum, ETH, США

Getty Images AsiaPacFor business owners curious about crypto, the Brex cards are a low-risk introduction to the space. You can only earn bonus rewards if Brex is your only corporate card, so it doesn't pair well with other business rewards credit cards Dash icon A dash. Using Brex points for crypto rewards"We think that your rewards points are an easy and interesting way to participate in crypto," Henrique Dubugras, founder and CEO of Brex, told Insider. The Brex card offers the flexibility to simply put that exposure in rewards points, and cardholders can continue to designate their rewards in other more stable categories, too. Read Insider's points and miles valuations to find out what your credit card rewards are worth.

Asta e, viitorul inundă nemilos chiar și satele Moldovei unde wifi-ul, vaccinul anti-covid (și probabil 5G) au ajuns mai rapid decât canalizarea și drumurile decente. Ce este Bitcoinul și cum funcționeazăBitcoin (BTC) întruchipează în sine o valută, tehnologie și sistem de plată. Așadar, dacă valutele clasice sunt supuse unui fenomen constant de inflație, atunci BTC va suferi de deflație. Asta însă nu e o problemă, dacă luăm în calcul faptul că moneda virtuală poate fi divizată practic în orice număr de fracții avem nevoie. Pe lângă asta, cel mai probabil va trebui să-ți creezi și un portofel virtual.

Persons: Coica Organizations: BTC Locations: Moldovei, Bitcoin, BTC, Moldova

☆ Почему дорожает биткоин и как долго это будет продолжаться
▼ + stars: | 2021-01-08 | by ( Super User | ) mybusiness.md time to read: +4 min

К октябрю цена биткоина выросла примерно до $10 700. Но уже в середине декабря курс начал расти стремительно, и биткоин подорожал более чем в два раза. Впечатляющий рост биткоина за последнюю неделю связан с негативными новостями на рынке криптовалют, считает Мазур. Можно скептически относиться к ее состоятельности, однако цена биткоина с достаточной точностью повторяет модель S2 °F, чтобы допускать дальнейшее развитие ситуации в соответствии со смелыми прогнозами голландского инвестора. Если сценарий продолжит реализовываться и в 2021 году, то уже в сентябре мы увидим шестизначную цену биткоина".

Persons: — Forbes, Юрий Мазур, Мазур, Артем Деев, Евгений Коган, Никита Зуборев Organizations: BTC, CEX.IO, ЦБ, Комиссия по ценным бумагам и биржи, ВШЭ Locations: США ()

☆ «Цена биткоина станет шестизначной». Прогнозы на криптовалюту в 2021 году
▼ + stars: | 2021-01-01 | by ( Super User | ) mybusiness.md time to read: +11 min

Что касается ожиданий от 2021 года — биткоин «на луну» уже отправили, теперь очередь за другими монетами. После общественных обсуждений ЦБ России примет решение о методике и функционале цифрового рубля, направлениях его разработки, внедрения и информирования граждан о возможностях его использования. Что касается остальных потерь — то 2021 год однозначно станет годом переосмысления и внедрения дополнительных мер безопасности и кастодиальных сервисов. «Важное новшество 2021 года — появление цифровых аналогов фиатных валют в ряде стран»Руководитель аналитического департамента AMarkets Артем ДеевОдним из главных событий наступающего 2021 года на рынке криптовалют станет динамика биткоина. И третье важное новшество 2021 года — появление цифровых аналогов фиатных валют в ряде стран, в том числе и в России.

Persons: rbc.ru, Федор АнащенковЕсли, Глеб КостаревУходящий, Александр БражниковПредстоящий, Никита ЗуборевОсобенности, Джей Клейтон, Мария СтанкевичЕсли, Артем ДеевОдним Organizations: United Traders, Paypal, SEC, ERC, ETH, BTC, РБККрипто, ЦБ, РАКИБ, РБК Крипто, Чикагская товарная биржа, Центральный Банк Locations: Россия, РФ, ЕС

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