French Lawmakers Propose Lower Electricity Rates for Cryptocurrency Miners

  12 minutes ago

Two French legislators have made a number of proposals aimed at turning France into a leading force in the development of the industry built around cryptocurrencies. One of the ideas is to allow crypto mining companies to take advantage of preferential electricity prices. Also read: Ukrainian Village Distributes Dividends From Crypto Investment ‘France Must Have […]The post French Lawmakers Propose Lower Electricity Rates for Cryptocurrency Miners appeared first on Bitcoin News.

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The Future of Crypto

  26 minutes ago

When the crypto bull market was still in session, the next big thing for Wall Street was set to be Ethereum futures. Now it seems they’re back on the menu.  Futures contracts were originally invented so that farmers and merchants could hedge costs before engaging in a specific venture. For example, imagine you want to drill oil and you more or less know your production costs but don’t want to take the risk that theRead MoreThe post The Future of Crypto appeared first on Bitcoinist.com.

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Finland Hands Over Info for 2,700 Danish Traders to Denmark’s Tax Agency

  44 minutes ago

Finnish tax authorities have handed over information on 2,700 bitcoin traders to its Danish counterpart, Skattestyrelsen (SKAT).According to a press release, the traders used an undisclosed Finnish exchange to collectively purchase and sell some $15.65 million worth of bitcoin (102.7 million kronor) between 2015 and 2017. A handful of these investors traded amounts between $1,105 and $110,450 (10,000 to 1,000,000 kronor), while the overwhelming majority traded an amount equal to or less than $1,105. Very few traded amounts over $110,450.“Right now we are identifying the individual citizens … If something does not match, we will contact them and ask for more information,” SKAT tax director Karin Bergen said in a statement.“This is probably just the tip of the iceberg. Although it is a relatively small bitcoin exchange, the information is a very valuable source, which clearly shows trends and patterns in the area. The knowledge we gain about data mining, segments and methods in general will make us wiser in the area and benefit from our guidance and control work,” Bergen continued.Bitcoin is a taxable asset under Denmark’s 1903 Tax Act, which requires that taxes be paid on any goods purchased and resold for profit, and it is subject to a 53 percent capital gains tax, a hefty sum in line with other investments.The news calls to mind a 2016 order the IRS issued to Coinbase, which asked that the U.S.-based e...

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Bitcoin’s Fair Market Price is $14,800, Says Cryptocurrency Bull Tom Lee

  50 minutes ago

Cryptocurrency bull Tom Lee says bitcoin’s dismal price of roughly $3,400 is wrong because its actual fair market value is $13,800 to $14,800. The Fundstrat founder said he made the assessment by considering the number of active wallet addresses, usage per account, and supply metrics. “Fair value is significantly higher than the current price of Bitcoin,” he wroteThe post Bitcoin’s Fair Market Price is $14,800, Says Cryptocurrency Bull Tom Lee appeared first on CCN

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Bitcoin Should Be Worth $14,800 Judging By Market Metrics: Tom Lee

  1 hour ago

Bitcoin’s current value is $3,312 but according to Tom Lee, it should be between $13,800 and $14,800. The ever-so-vocal Bitcoin bull believes that the currency is grossly undervalued and believes last year’s meteoric rise could be one of the reasons. In a note to Bloomberg today, Lee further refused to delve into his Bitcoin prediction […]The post Bitcoin Should Be Worth $14,800 Judging By Market Metrics: Tom Lee appeared first on NullTX.

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