Tag: infrastructure bill

Oct 13 2021

The Reconciliation Bill May Accelerate Bitcoin Adoption In The U.S.

The proposed bill includes intrusive tax collection measures which would inhibit the productivity of the nation.There’s a strong reason behind the recent wave of bitcoin adoption among the world’s least stable and poorest countries. Bitcoin disproportionately benefits the underbanked and underprivileged because it gives them access to an open global monetary network with predictable policy and low barriers to...

Sep 20 2021

Infrastructure Bill Seeks To Obligate People To Report Bitcoin Payments Of Over $10,000 To The IRS

The tax change would extend the IRS cash payments reporting requirements to bitcoin and cryptocurrencies.According to Publication 1544 of the U.S. Internal Revenue Service (IRS), any person who receives more than $10,000 in cash in 12 months due to a trade or business must report it to the IRS and the Financial Crimes Enforcement Network (FinCEN) on...

Sep 16 2021

The State Could Try To Leech Off Of Bitcoin Rather Than Banning It

Governments truly wanting to “beat Bitcoin” may carefully consider siphoning the value gained through bitcoin.I think at the end of the day if it’s really successful, they will kill it and they will try to kill it. And I think they will kill it because they have ways of killing it. -Ray Dalio on BitcoinBanning Bitcoin is a practical impossibility. The...

Sep 15 2021

The Proposal To Regulate Digital Asset Transactions Should Be Struck

The recent addition to the infrastructure bill is an affront to the progression of the Bitcoin industry in the United States.The following article was previously published by Tax Notes, and has been republished here with permission.An overlooked provision in the Senate-approved infrastructure bill1...

Aug 25 2021

Bitcoin’s Price Has Risen, But This Metric Hasn’t

August 25, 2021 / Unchained Daily / Laura Shin Daily Bits...

Aug 18 2021

Bitcoin Can Protect Your Portfolio From Inflation

Discussing how bitcoin can protect portfolios from inflation and the proposed U.S. infrastructure bill.Watch This Episode On YouTubeListen To This Episode:...

Aug 12 2021

How Taper Talk, Repos, China And U.S. Legislation Are Impacting The Bitcoin Market

Discussing how potential tapering by the Federal Reserve, economics in China, U.S. legislation and more through a Bitcoin lens.Watch This Episode On YouTubeListen To This Episode:...

Aug 10 2021

Bitcoin and The Streisand Effect

Because Bitcoin cannot be stopped or shut down, this means that any publicity — negative or positive — any attack or attempt to quell the network via restrictive legislation is ultimately good for Bitcoin.Wikipedia defines The Streisand effect as “...a social phenomenon that occurs when an attempt to hide, remove, or censor information has the unintended consequence of further publicizing that information.”...

Aug 09 2021

The Senate Wars: The Infrastructure Bill And Janet Yellen Against Bitcoin

While a proposal to increase tax obligations to Bitcoin actors brews in the senate, Yellen lobbies against Bitcoin in the background.In July, the White House and Sen. Rob Portman (R-Ohio) agreed to a proposal that would require increased tax obligations for bitcoin "brokers" as a means to help fund the bipartisan...

‘Crypto Got Screwed:’ What Happens Next in the Senate

August 9, 2021 / Unchained Daily / Laura Shin Daily Bits...

Is The US Government Paving The Way For Bitcoin Adoption In the Future?

Governmental Bitcoin adoption seemed so far away just a year ago. All eyes are on the US Senate and the infrastructure draft bill. Opinions vary. Lobbying efforts abound. Two competing amendments try to fix its troublesome wording. Could a plan be in the works for some kind of formal Bitcoin adoption in the future? It seems unlikely. But a pseudonymous Bitcoin analyst presents...

Last Minute Frenzy: All Latest Updates on Crypto Taxes in Infrastructure Bill

Aug 09 2021 Published at Coingape under tags  btcbrl btcbusd btc.d btcdai btceur

The controversial crypto taxes introduced with the $1 trillion infrastructure bill have resulted in a last-minute frenzy keeping the entire crypto community on the edge of their seats. As per the latest tweets from pro-crypto Senator Cynthia Lummis, the final voting on the amendments will happen at 9 AM, August 9. The Senator noted that The post Last Minute Frenzy: All Latest Updates...

Aug 07 2021

Aug 06 2021

This Hedge Fund Says its Crypto Investments Will Continue Despite Price Volatility

In a letter to investors, Daniel Loeb, the Founder and Chief Executive Officer of New York–based hedge fund, Third Point Management has reiterated his firm’s positive disposition to digital currencies. In the letter, Loeb noted the firm’s potentials to continually fund innovative crypto firms just as it did with the likes of CipherTrace, Bitwise, and The post This Hedge Fund Says its Crypto...

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