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tinam • Sep 7, 2021, 5:11 am EDT

Biden Administration Proposes Even More Intrusive IRS Reporting

Bitcoin is looking better and better as we enter into a new era of IRS reporting. In the Treasury Department’s cute little proposal for 2022, Biden is trying to make financial institutions report to the IRS nearly every time you stick your hand into the cookie jar. General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals If you’re saving for a rainy day, you just might get drenched…but not the way you planned on. The IRS will know every step you make and be all up in your business. You won’t have room to breathe. Don’t you love our

2 minutes

tinam • Sep 1, 2021, 7:12 am EDT

Huge Moves Last Week Indicate Bitcoin’s Blinding Surge

With experts calling for Bitcoin to hit about $100,000 by the end of the year, what it has been doing for the last week has some people scratching their heads. But if anyone knows anything about the nature of Bitcoin, it’s time to buy before its meteoric rise. When Bitcoin hit $50,000 on Monday of last week, everyone thought that was the mark of the record-breaking upsurge they had all been waiting for. But since then, it has been up and down in subtle dips and valleys between $47,000 and $48,000. With Blockstream preparing to expand its mining ventures raising

2 minutes

tinam • Aug 25, 2021, 11:45 am EDT

Bitcoin Rise Projected By One US Mayor As Feds Keep Stamping More USD

While most politicians are behind the curve in understanding Bitcoin, one U.S. Mayor has a good grasp of the way the digital currency is going. When Jackson, Tennessee Mayor Scott Conger tweeted his predictions, he made it clear what will be at the source of Bitcoin’s consistent growth far into the future. It’s not that most politicians throughout the U.S. aren’t aware of what Bitcoin is. The problem is they keep trying to find a way to straddle it. A recently failed measure in Washington attempted to regulate cryptocurrency, regulations that have, “struck a nerve with supporters of an industry

2 minutes

tinam • Aug 23, 2021, 4:52 pm EDT

Bitcoin Prevails, Introducing OnlyCoins, Content Makers Get Paid In Crypto

OnlyFans announced a significant policy change and it has sex workers up in arms. But, they don’t have much to worry about because an opportunity is being put in place just as OnlyFans is on its way out. The content-sharing platform was founded only four years ago and it has grown tremendously. One reason for this growth is people like Crystal Jackson, otherwise known as “The Real Mrs. Poindexter,” a Sacramento, California soccer mom who started on OnlyFans to help her marriage. Her profile soon started making $150,000 a month, but the other soccer moms weren’t too happy about it

2 minutes

tinam • Aug 20, 2021, 2:21 pm EDT

Bitcoin’s Value Increased, Swedish Gov’t Forced To Pay Drug Dealer $1.5 Million

If governments around the world don’t get wise to the relevancy of Bitcoin, they might find themselves in the same situation as Sweden. One convicted drug dealer is now rich because of Sweden’s lack of foresight. Tove Kullberg, the prosecutor of the case, argued very effectively that the drug dealer had illegally earned 36 Bitcoin selling drugs online. That was two years ago and at the time, the Bitcoin was worth 1.3 million Swedish kronor or $100,000 in U.S. dollars. The dealer was convicted and imprisoned. He has served his time and he’s now out. This is where the story gets

2 minutes

johnd • Mar 17, 2021, 1:08 pm EDT

Morgan Stanley Is The First Major U.S. Bank To Offer Access To Bitcoin

Morgan Stanley is the first big U.S. bank to offer its wealth management clients access to bitcoin funds, CNBC has learned exclusively. The investment bank, a giant in wealth management with $4 trillion in client assets, told its financial advisors Wednesday in an internal memo that it is launching access to three funds that enable ownership of bitcoin, according to people with direct knowledge of the matter. The move, a significant step for the acceptance of bitcoin as an asset class, was made by Morgan Stanley after clients demanded exposure to the cryptocurrency, said the people, who declined to be identified sharing details about the bank’s internal

3 minutes

johnd • May 13, 2020, 9:06 am EDT

JPMorgan Bank Takes on Coinbase, Gemini as Its First Crypto Exchange Customers

Its CEO once called bitcoin a fraud but now U.S. banking giant JPMorgan Chase has added its first cryptocurrency exchange customers, CoinDesk has confirmed. Sources told The Wall Street Journal Tuesday the bank signed two popular regulated exchanges – Coinbase and Gemini, the latter founded by Tyler and Cameron Winklevoss. The fact that both exchanges are regulated in the U.S. was apparently a factor in the approvals, which still took a lengthy period of vetting, the WSJ said. Accounts for the two crypto firms were approved last month, the sources said, and are now in use. The move by JPMorgan is notable in a

3 minutes

johnd • Sep 25, 2019, 10:17 am EDT

Swiss Banks Team With Fintech Entering Crypto Space

Multiple joint projects between banks and crypto companies based in Switzerland now offer customers the opportunity to invest in digital assets and take advantage of banking services related to cryptocurrencies. It’s all happening in a regulated environment, generally friendly towards the growing crypto industry. The latest partnership between a traditional institution and a fintech startup aims to provide wealthy clients with access to major cryptocurrencies. Switzerland to Become the World’s Crypto Bank Switzerland, which has long ago established itself as the world’s bank, has had its image tarnished a little bit in the past couple of decades. The Alpine federation

5 minutes