Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
The Bloomberg Terminal (aka Bloomberg Professional Services) connects finance professionals to a dynamic network of information, people, and ideas. At the core of this network is the ability to deliver real-time data to finance professionals around the world.
The main value added services provided by Bloomberg Terminal are:
These services are provided through innovative, proprietary technology, that quickly and accurately provides financial information to individuals and across enterprises around the world.
A world leader in providing market data information across the globe through its websites, apps and dedicated feeds and software products, Bloomberg offers a variety of tools available on free and paid basis, allowing finance professionals to use them in their research, analysis and related trading activities. Bloomberg’s coverage includes all possible financial securities ranging from equities, fixed income, derivatives, commodities, forex and OTC products, across the globe.
The official Bloomberg website offers a wealth of free and subscription based tools and utilities, most offering customized views as per regions/markets.
Introduced couple of years back, Bloomberg Open Symbology tool offers Symbol lookup service and mapping of different symbols (SEDOL, CUSIP, ISIN, Stock exchange ticker, etc.) at global level. Individual traders as well as large investment firms having a need to consolidate data sourced from multiple sources with different symbols use this service. For e.g. a mutual fund company may take 2 different data feeds – one from Bloomberg containing Bloomberg symbol and other from Stock exchange containing local ticker. Symbology service enables cross referencing to validate data across two sources with different tickers.
Apart from the generic Open Symbology service, the widely followed Bloomberg symbols can be accessed through its dedicated symbol search tool.
The paid professional products and tools available from Bloomberg offer coverage across 360+ exchanges, 24000+ companies, global currency markets, and includes recently launched bitcoin coverage. These products and tools today are used by more than 315,000 subscribers across 175 countries, demonstrating the depth and variety of offerings from Bloomberg.
Bloomberg Market data terminal remains the most saleable product for both individual and enterprise use. A good 2 pager Getting Started Guide is available for introduction to financial analysis tools available within the Bloomberg Terminal. Apart from usual charts, graphs, technical indicators and market data coverage, one of the key selling points of Bloomberg Terminals is its instant messaging feature which enables easy communication across individuals, dedicated workgroups and even Bloomberg representatives for assistance.
Bloomberg Briefs: A dedicated service in the form of digital newsletters for the global financial markets, Bloomberg Brief offers insights into sector or region specific areas in PDF format.
Briefs for following categories are published daily – Bankruptcy & Restructuring, Economics, Economics Asia, Economics Europe, London, Municipal Market and Oil. Publication for other categories is weekly – China, Clean Energy & Carbon, Financial Regulation, Hedge Funds Europe, Hedge Funds, Leveraged Finance, Mergers, Private Equity, Structured Notes and Technical Strategies.
Such wide varieties of tools offered by Bloomberg come with lots of portability. All website based functionality can be accessed through standard browsers on mobiles and tablets, and even professional products offer portability for mobile and remote access through desktops, laptops, tablets and smartphones.
At the enterprise level, Bloomberg offers dedicated data feeds, pricing, reference and market data, news and information services to meet the needs of large financial enterprises employing financial analysts, traders and researchers. The Bloomberg trading solutions, offer connectivity and integration for buy side and sell side institutional clients. These find usage in complementing the OMS (Order management system), and recent EMS (Execution management system), for trade execution.
NLDIMSR has set up Mumbai’s first Bloomberg Finance Lab with 12 Bloomberg terminals, offering students extremely focused and high end knowledge programs with a high degree of practical learning and on-the-job applicability.
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
Thread topics include, but are not limited to:
Thread guidelines:
If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.
Other ways to interact:
Go to the APP homepage and click on 【Lucky Draw】 - 【Draw now】 to participate in the draw.
Get up to a maximum of 1 Bitcoin (BTC) !!!
https://i.redd.it/87bmm3hnh8j21.png
Theme: Presently, only mobile participation supports DigiFinex lucky draw.
Click here to download the app and participate immediately.
How to get the number of draws:
Click 【Get more draw chances】 and choose the redemption method.
https://i.redd.it/8mernwgph8j21.png
https://i.redd.it/r8ko2xwrh8j21.png
①Purchase with DFT: Get a lucky spin chance once every purchase of 4 DFT.
https://i.redd.it/1q4jgbysh8j21.jpg
②Completing Task:
https://i.redd.it/bkpq8dsth8j21.png
(1)Get a lucky spin chance once every transaction of 1000 USDT or equivalent.
(2)Get 1 chance when you screenshot and share event QR code .
(3)Invite new users to register and participate in the lucky spin to get 1 lucky spin chance.
How to join the DigiFinex Community
TelegramExchange group:Click to know more（Chinese）
Telegram Official Community:Click to know more（English）
Official Twitter: Click to know more
Official Facebook: Click to know more
Offical Medium: Click to know more
Official Linkedin: Click to know more
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
DIGIFINEX LIMITED : DIGIFINEX.COM PRIVACY POLICY (“Privacy Policy”)
The final update time of this document is 4th June,2018
This Privacy Policy governs the manner in which DIGIFINEX LIMITED collects, uses, maintains, discloses and protects information collected from users (each, a "User" or “you”) of the www.digifinex.com website ("Site") and mobile applications. This Privacy Policy is an agreement between you and DigiFinex, its subsidiaries and affiliated entities (collectively, “us”, “we”, “our” or “DigiFinex”) regarding the treatment of Personal Data you provide to us through the Site. This Privacy Policy applies to all products and services offered by DIGIFINEX LIMITED . through the Site, mobile applications, and/or online services, that link to or reference this Privacy Statement. In this Privacy Policy, “Personal Data” shall have the meaning ascribed to it in the EU General Data Protection Regulation 2016/679/EU (“GDPR”).
By continuing to use our website, you signify that you have read and understood this Privacy Policy. If you do not wish to be bound by the terms of this Privacy Policy, please do not access or register on the Site and on its mobile applications.
Changes to our Privacy Policy
Types of Personal Data we collect
• Individual Customer – We attempt to collect, verify, and authenticate the following Personal Data:
We may collect personal identification information from Users in a variety of ways, including, but not limited to, the following:
(a) when Users visit our Site;
(b) register on the Site; and
(c) fill out a form,and in connection with other activities, services, features or resources we make available on our Site, You may be prompted to provide the following:
(a) your name;
(b) your residence address and mailing address (if different);
(c) your telephone and/or fax numbers;
(d) a valid email address;
(e) your date and place of birth;
(f) a copy of a valid photo ID (such as a driver's license, passport, armed forces identification card or alien identification card);
(g) proof of residence; and
(h) your government issued identification number (e.g., passport number, social security number, employee identification number or taxpayer identification number),and any other personal information necessary to verify your identity and your Bitcoin addresses and other related information (personal information) which may lead to your identification. In doing so, you expressly consent to DigiFinex collecting such Personal Data. Users may, however, browse our Site anonymously. Institutional Customer – We attempt to collect, verify, and authenticate the following Personal Data:
We may collect Institutional identification information from Institutional Users in a variety of ways, including, but not limited to, the following:
(a) when Institutional Users visit our site;
(b) register on the site; and
(c) fill out a form,and in connection with other activities, services, features or resources we make available on our Site, Institutional Users may be prompted to provide the following:
(a) legal name of the Institutional User;
(b) full legal name (of all account signatories and beneficial owners);
(c) email address (of all account signatories);
(d) mobile phone number (of all account signatories);
(e) address (principal place of business and/or other physical location);
(f) unique entity number, employer identification number or any comparable identification number issued by a government;
(g) proof of legal existence (e.g., state certified articles of incorporation or certificate of formation, unexpired government-issued business license, trust instrument, or other comparable legal documents as applicable; contract information of owners; principals, and executive management (as applicable); and
(h) proof of identity (e.g., driver’s license, passport or government-issued ID) for each individual beneficial owner that owns 15% or more of the institutional customer entity, as well as all account signatories.
In doing so, you expressly consent to DigiFinex collecting such Personal Data.
Personal Information for each entity beneficial owner that owns 15% or more of the institutional customer entity (see the “Individual Customer” section above for details on what Personal Information we collect for individuals). Please note that we do not collect more Personal Data than is necessary for the purposes for which they are collected.
Non-Personal Identification Information we collect
We may collect non-personal identification information about Users whenever they interact with our Site. Nonpersonal identification information may include the following
(a) browser name;
(b) the type of computer and technical information about the Users’ means of connection to our Site, such as the operating system and the Internet service providers utilized by such Users;
(c) location information (information that is automatically collected via analytics systems providers to determine your location, including your IP address and/or domain name and any external page that referred you to us);
(d) log information that generated by your use of DigiFinex that is automatically collected and stored in our server logs;
(e) account information that is generated by your account activity including, but not limited to, trading activity, order activity, deposits, withdrawals, and account balances; and
(f) correspondence information that you provided to use in correspondence, including opening an account, and with respect to ongoing customer support and other similar information.
Web Browser Cookies
Our Site may use "cookies" to enhance the User’s experience. When you visit the Site, the User's web browser will place cookie on their hard drive for record-keeping purposes and sometimes to track information about them. “Cookies” are small text files that may be placed on your web browser when you visit our Site that may convey anonymous information about your preferences and how you browse the Site to us. All of such information is stored in an encrypted form, and no personal information about you is stored. User may choose to set their web browser to refuse cookies, or to alert you when cookies are being sent. However, if the User chooses to do so, some parts of the Site may not function properly.
How we use and share personal information we collect
We may collect and use a User’s Personal Data for the following purposes:
(a) To improve customer service: Information you provide helps us respond to your customer service requests and support needs more efficiently.
(b) To personalize user experience: We may use information in the aggregate to understand how our Users as a group use the services and resources provided on our Site.
(c) To improve our Site: We may use feedback you provide to improve our products and services.
(d) To conduct customer identification and anti-money laundering reviews and compliance and to comply with applicable law.
(e) To send periodic e-mails on updates and promotions.
(f) Non-personal and aggregate information, such as that collected passively, is used in order to customize Our marketing efforts or to customize the efficient use of Our Site for an aggregate group of customers.
(g) For any other purposes permitted by applicable law.
How We Protect Your Information
We adopt appropriate data collection, storage and processing practices and security measures to protect against unauthorized access, alteration, disclosure or destruction of your personal information, username, password, transaction information and data stored on our Site. We limit access to your Personal Data to those employees or third parties who have a legitimate business need to access such information.
Sensitive and private data exchange between the Site and its Users happens over a SSL secured communication channel and is encrypted and protected with digital signatures. Our Site is also in compliance with PCI vulnerability standards in order to create as secure of an environment as possible for Users. We are unable to guarantee that our security is one hundred percent (100%) breach-proof. You assume the risk of such breaches to the extent that they occur despite our reasonable security measures. Our security procedures shall nevertheless continuously be revised based on new technological developments.
If your Personal Data is compromised as a result of a breach of our security measures, we will promptly notify you of such a breach.
DigiFinex will never send you an email asking you for your login information. In general, you can protect yourself against phishing by never providing personal or login information via a link contained in an email; instead, go to the Site directly.
Sharing Your Personal Information
We do not sell, trade, or rent our Users’ personal identification information to third parties. We do not, without your permission, share your personal information to third parties for their marketing purpose. We may share generic aggregated demographic information not linked to any personal identification information regarding visitors and users with our business partners, trusted affiliates and advertisers for the purposes outlined above.
We may share your personal data with law enforcement or other government agencies as required by law or for the purposes of limiting fraud. We reserve the right to disclose your personally identifiable information when we believe that disclosure is necessary to protect our rights or to comply with a judicial proceeding, court order or legal process. We further reserve the right to disclose any of your personal information that we believe, in good faith, appropriate or necessary to take precautions against liability, to investigate and defend against any third-party claims or allegations, to assist government enforcement agencies, to protect the security or integrity of the Site, or to protect the rights, property or personal safety of DigiFinex, its Users, or any other person.
Links to Third Party Websites
Users may find advertising or other content on our Site that link to the sites and services of our partners, suppliers, advertisers, sponsors, licensors and other third parties. We do not control the content or links that appear on these sites and are not responsible for the practices employed by websites linked to or from our Site. In addition, these sites or services, including their content and links, may be constantly changing. These sites and services may have their own privacy policies and customer service policies. Browsing and interaction on any other website, including websites which have a link to our Site, is subject to that website's own terms and policies. We encourage you to review each website’s privacy policy before disclosing any Personal Data.
Minors
Our services are not directed at persons under the age of 16. If you are a parent or guardian and you become aware that your child has provided us with personal data without your consent, please contact us. We will only process Personal Data of a child under the age 16 only where consent is given or authorized by the child’s parent or guardian. If we become aware that a child under the age of 16 has provided us with personal data without consent, we will delete such information from our files, including any accounts that may have been created.
Your Rights
Access to information:
The GDPR gives you the right to find out whether we are processing your Personal Data and, where that is the case, to receive a copy of the Personal Data we process and information on:
(a) why we are processing it;
(b) the categories of personal data we process about you;
(c) the recipients or categories of recipient to whom the personal data has been or will be disclosed;
(d) where possible, how long we plan to keep your personal data or the criteria we use to determine that period;
(e) information on your rights under the GDPR;
(f) information on where we received your personal data from if we did not receive it directly from you, and
(g) details of the appropriate safeguards we have used to protect your personal data and uphold your personal data protection rights.
We will not charge you for complying with your request and providing you with a first copy. Any further copies may be subject to a reasonable administrative fee. Where your personal data is inseparable from the Personal Data of others, we reserve the right to withhold your Personal Data if permitted by applicable law.
Right to request rectification or erasure of personal data:
You have the right to request the amendment of your Personal Data at any time if it is inaccurate. If it is incomplete, you have the right to have such Personal Data rectified. You also have the right to require us to delete your Personal Data as soon as possible where one of the following applies:
(a) the Personal Data is no longer necessary for which they were collected or otherwise processed;
(b) the Personal Data has been unlawfully processed;
(c) the Personal Data must be erased for compliance with a UK or EU legal obligation on us;
(d) the Personal Data relates to a child under the age of 16; or
(e) you withdraw your consent to us processing your Personal Data and we have no other legal grounds for processing it.
Right to restrict personal data:
You have the right to request the restriction of processing of Personal Data if you think that is inaccurate, that we are processing it illegally, or that we no longer need it for the purposes for which it was collected. While we consider your request, we will stop processing your Personal Data within a reasonable time from the date we receive your request. We will notify you of our decision and any justifications for continuing to process your Personal Data as soon as we can.
Right to withdraw:
If we process your Personal Data with your consent, you have the right to withdraw your consent at any time. This will not affect the legality of our processing of your Personal Data up until the point at which you withdraw your consent. Please also note that we may still need to process your Personal Data on other grounds, for example to fulfil a contract with you or as required by law.
Right to object
You have the right to object, at any time, on grounds relating to your situation, to the processing of Personal Data. If we cannot demonstrate compelling legitimate grounds to continue processing the Personal Data, processing of such data will cease.
Changes to This Privacy Policy
We will amend this Privacy Policy from time to time and the updated versions will be posted on our Site and date stamped so that you are aware of when the Privacy Policy was last updated. We encourage Users to check back frequently to see any updates or changes to this Privacy Policy. If we make any material changes to this Privacy Policy as decided in our sole discretion, we will provide notice by a banner on our Site.
Your Acceptance of These Terms
Before visiting, accessing, or using DigiFinex website or mobile applications, please explicitly indicated that you are at least eighteen (18) years old, have the legal capacity to consent to this Privacy Policy and to agree to be bound by the policies and practices of this Privacy Policy in their entirety. If you do not agree to this policy, please do not use our Site or mobile applications.
Data Protection Officer and Accessing Your Rights
If you wish to withdraw your consent to any or all use of your Personal Data, or request amendment, restriction or erasure of such Personal Data, or exercise any other of your rights, please contact our Data Protection Officer – [●], at [email].
Do note that if you withdraw your consent to any or all use of your Personal Data or request for erasure of your Personal Data, depending on the nature of your request, we may not be in a position to continue to provide our services to you, or administer any contractual relationship already in place. Any withdrawal of consent or request to erase your Personal Data may also result in the termination of any agreements you have with us. Our legal rights and remedies in such event are expressly reserved.
By giving or making available your Personal Data, you expressly agree and consent to the collection, use, processing and disclosure of your Personal Data in accordance with the terms of this Privacy Policy, including but not limited to, consenting and receiving communications and materials from us, from time to time.
How to join the DigiFinex Community
TelegramExchange group:Click to know more（Chinese）
Telegram Official Community:Click to know more（English）
Official Twitter: Click to know more
Official Facebook: Click to know more
Offical Medium: Click to know more
Official Linkedin: Click to know more
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
| PrivateInternetAccess | BEST PRICE TO VALUE RATIO |
|---|---|
| Url: | pia-vpn |
| Pricing: | From $3.33 Per Month |
| Supported Devices: | All devices are supported, with many guides on-site for installation. |
| VPN Countries: | 3272+ Servers in 25 Countries |
| Payment Method: | Bitcoin , Zcash , PayPal, Amazon Pay, OKPay, Mint, Mobiamo. |
| No Logging Verified By: | In 2015 the provider was subpoena'd by the FBI. PIA Failed to produce any logs |
| Rating: | 9/10. |
| Other: | For $3.33 per month this is the best value you will get. |
| PerfectPrivacy | BEST PICK IF YOU HAVE THE MONEY TO SPEND |
|---|---|
| Url: | http://perfect-privacy.com |
| Pricing: | From $9.99 Month |
| Supported Devices: | All devices are supported, with helpful support teams available if needed |
| VPN Countries: | 24 Countries to choose from |
| Payment Method: | PayPal, Bitcoin, Credit Card |
| No Logging Verified By: | In 2016 the Rotterdam police seized 2 of Perfect-Privacys servers. No logs were obtained. |
| Rating: | 10/10. |
| Other: | This VPN is a bit more expensive than PIA, although this means the speed of the servers are a bit higher. The tech department of Perfect-Privacy is also a few steps ahead, with the ability to route through 4 different countries to obtain ultimate anonymity, browse onion links natively and customizable firewall & port forwarding. |
| NordVPN | ------------------ |
|---|---|
| Url: | NordVPN.com |
| Pricing: | From $3.72 Month |
| Supported Devices: | All devices are supported, with many guides on-site for installation. |
| VPN Countries: | 62 Countries to choose from |
| Payment Method: | PayPal, Bitcoin,, Credit Card. |
| No Logging Verified By: | N/A UNVERIFIED |
| Rating: | 8/10. |
| Other: | *NordVPN has one of the best user experiences out of the VPN's we have used. But because we cannot verify it's no-log status we have given it an 8/10. * |
| TorGuard | ------------------ |
|---|---|
| Url: | https://torguard.net |
| Pricing: | From $4.99 Month |
| Supported Devices: | All devices are supported, with many guides on-site for installation. |
| VPN Countries: | 15 Countries to choose from. |
| Payment Method: | PayPal, Bitcoin, Litecoin & Other Crypto, Paymentwall, Credit Card. |
| No Logging Verified By: | N/A UNVERIFIED |
| Rating: | 6/10. |
| Other: | This VPN is currently UNVERIFIED due to some reports from our users saying they have received infringement notices for torrenting from Comcast whilst using the VPN, leading us to believe they keep logs. Be wary of TorGuard for now. |
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
The following post by cryptimi is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/r/ Bitcoin/comments/ave9h8
The original post's content was as follows:
https://www.cryptimi.com/guides/crypto-pump-dump-groups-guide-part-1/
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
Cryptographic money, otherwise called computerized resources, exchanging is the purchasing, moving or holding of digital currencies such a Bitcoin (XBT), Ethereum (ETH), Litecoin (LTC) among others, with the point of producing a benefit from short, medium or long haul changes in their costs.
There is an enormous deluge of Blockchain Technologies accessible in the present market since the introduction of Bitcoin. It's been 10 years, however there is as yet constrained usage of the innovation in the center undertaking process because of absence of prerequisites regarding adaptability, adaptability, protection and security.
The Role Of BAE Viaz The CATEX TOKEN Features offered from VELIC The Xch4nge stage
The CAT token is the fuel that will be utilized to control the mining trade in the catex exchange arrange. Acquire or advance crypto resources at particular costs. Similarly as likenesses and contrasts exist among advanced and fiat money, a closer examination of VIAZ contrasted with the conventional saving money framework currently take minutes or less on blockchain systems, for example, Bitcoin, Ethereum, and most as of late, Tezos.
Subsequent to concentrate the Viaz venture, Knowing completely well that it is the First major decentralized distributed financing stage on Tezos blockchain and it is completely decentralized with full time designers to I can close the benefits of Viaz that:
With VIAZ biological system, you have the chance to move tokens through the Platform on the grounds that the Viaz stage enables token holders to make move requests, and you can move your tokens at the ideal cost.
With the essential motivation behind the viaz stage to in any event empower stage clients to get, credits, give advances and trade money related structures effectively all through an overall framework on a solitary stage.
The VIAZ versatile application is a work in advancement and it would be accessible for both Android and Apple portable stage clients, with advantages, for example, a month to month airdrop and a year token lock, VIAZ Platform is putting forth a fabulous biological community (A Tezoz Blockchain Based P2P Funding Platform).
VIAZ is based on Tezos, and will give the accompanying collateralized loaning choices:
At first, VIAZ will concentrate on crypto-supported advances, in this way enabling borrowers to stake their crypto as insurance and get a fiat advance (from one of our stage loan specialists).
Home-heated credits – Viaz will progress in the direction of giving an answer whereby clients can buy homes utilizing VIAZ, with titles being overseen on-chain. The home obtained, along these lines, turns into the guarantee.
Unbound credits – Viaz means to give controlled unbound advances.
For more subtleties, Lookup:
Site: https://viaz.io/
Whitepaper: https://viaz.io/reports/Viaz-Whitepaper_EN.pdf
Bounty0x Username: @walesodiya
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
Bitcoin should be ready for the event of a technological explosion in computing power. Just incase if nothing else.
What is the status on implementation?
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
I recently interviewed Alex Kugelman, a tax controversy lawyer - I asked him about IRS audits in relation to crypto trading. Below is a link to the podcast interview itself, as well as a summary I wrote up. Thought this would be a good place to post (let me know if I'm wrong about that).
Highlights:
IRS audits are a real possibility for anyone who has traded cryptocurrencies. Our guest today is Alex Kugelman, a tax controversy lawyer with an abundance of knowledge concerning cryptocurrency audits. He's here to share his expertise on IRS cryptocurrency audits, including risk reduction strategies as well as enforcement predictions and misconceptions.
Alex Kugelman specializes in IRS audits. His experience includes four years of Federal government court experience at the U.S. Tax Court and a U.S. District Court. [00:40]
Alex: I'm an attorney out in California. I clerked for a US District Court judge and as well as the United States Tax Court. I've been in private practice exclusively doing tax controversy work for the past five years or so. I kind of got involved with crypto towards the end of 2016. I tended to represent clients mainly with compliance & disclosure issues with respect to cryptocurrency. I just really like it. Really interesting area.
The Coinbase summons in 2018 played a major role in Alex's interest in crypto audits. [01:19]
Alex: What started me into the crypto space was when the IRS first issued summons for Coinbase. We started getting some interesting calls regarding that. And at that time I thought to myself, this might be an interesting area. So I started following the actual summons enforcement proceeding at the District Court here in San Francisco - from there kind of worked with people under different types of compliance, including international disclosures. Now we're starting to see some of the first cryptocurrency audits come through.
First, let's get a brief rundown of how IRS audits work. [02:00]
Alex: It is important to understand the IRS as an administrative agency and all different layers of it. So when it comes to an audit the term that the IRS uses is an examination and there's three basic levels.
The first is a correspondence exam. That's where you get a letter that says, dear taxpayer, so-and-so reported that you had $100 of interest income that wasn't on your tax return - we're going to increase your tax. If you want to challenge that, you can. And that's basically termed an under reporter notice. That's probably not going to be a cryptocurrency audit if you get that notice.
The next one is an office exam. That is someone in the local IRS office sending you a letter that says, we have selected a certain tax return for audit and we're going to look at these issues. We'd like you to call us to schedule an appointment. That's going to be usually a tax compliance officer that is doing that.
The third and probably the most serious level of exam is a field examination. That's also going to be a local IRS representative, typically a revenue agent. There, the revenue agent may come to your work or ask come to your work or business to kind of conduct the audit.
All three of those are going to start the same: a letter that's sent to you at your most recent address provided to the IRS.
Cryptocurrency audits follow a similar protocol. [05:40]
Alex: I think it's likely that most crypto audits are going to start with one of two things happening. One is that there is information from the Coinbase summons that is inconsistent with what was on a taxpayer's tax return. I think for someone who's involved with that issue, they're going to have a good sense of that one because they should've gotten an email notice from Coinbase.
Or two, the audit notice is going to identify older tax years - 2013, 2014 or 2015 because those are the years that the information related to.
Another reason I think people will get audited is going to be because information on the return is incomplete, in the sense that the taxpayer or the cryptocurrency owner reports some transactions, without enough detail to figure out the actual cost basis.
Does reporting your data in an aggregated fashion increase your chances of being audited? [06:45]
Alex: I mean one - to the extent that there's going to be a lot of taxpayers - a lot of people use TurboTax, right? If that's the way TurboTax is preparing all of those returns, it would seem to me you're kind of in a herd of people like that. And at least it's consistent with what a lot of people are doing. The second part of that is going to be at least those people who have prepare the returns in that manner, they're going to, or should have, the underlying data. So even if it's an aggregate reporting of each asset class as opposed to each individual trade, if there ever were questions then you're going to have your CSV files, you're going to have your Bitcoin.tax exports, you're going to have all the information that you need to back that up.
Alex is an advocate of over-reporting your information to the IRS. [09:30]
Alex: I'm a big proponent of over-reporting - and I don't mean paying too much tax. I just mean including too much information. Because at some point there's kind of two ways that your returned can be flagged: a computer flags the return for some reason or there's a special unit or a person who actually flags it. At the end of the day, a human being will be looking at that return and deciding whether it actually is going to go all the way through to an audit. I want them to completely understand what's being reported, why it's been reported, and if there's too much information, that's fine - it's less likely that someone's going to have more questions.
A crypto audit is very likely to be a field exam - and it's important to hire a good rep. [11:00]
Alex: It's very likely going to be a field exam, which means you're going to have a revenue agent - and those are kind of the best of the best auditors for an IRS audit. And remember - an IRS audit is a civil matter. It is not criminal at this point. Again, it's unlikely that it will become criminal. It is, however, the highest level of audit you're going to get.
If you're going to hire a representative, which you have every right to do, you should contact that person, let them know what's going on and probably have them interface with the auditor. You should receive, as part of the opening notice or letter, the information document request - which is identifying what things to bring for the auditor. Also, it'll tip to what topics might be important. For example the typical things you're going to see will be bank statements, financial or asset account statements, which I view as requesting exchange statements or exchange CSV files. Any documents that show the cost basis for your cryptocurrency trades.
Audits are more art than science. [13:35]
Alex: The auditor has a fair amount of power. So if you play real hardball - that's not going to prevent the auditor from expanding to other years. So when you get that audit notice ,and let's say that you're going to deal with this yourself, the first thing you want to kind of figure out is what are the areas that I wouldn't want to go into, and what are the areas that I don't have good records? That will help guide the way to respond or what information to pull together.
The reality is, and let's just be honest here - for most people reporting cryptocurrency gains, they have all of the information. The IRS does not have much. They might have some records from Coinbase, but it's not as if they have a treasure trove of third party data.
The burden is really going to be, in every audit, on the taxpayer to prove their tax return is correct.
It's difficult to say how lenient the IRS will be regarding past years. [15:35]
Alex: I think the way that I would look at it is that maybe the standard of of records required to really substantiate older years might be a little bit lower for older years as opposed to now because it's different now. There's a lot better information provided by some of the exchanges. There's a lot more software out there to help you, especially for people who are newer to crypto. You should have access to all your bank records. You should still have a lot of emails, reflecting on-ramping off-ramping, or other purchases. You should be able to kind of pull this all together.
I can understand when we have clients who come in and are early adopters and they're missing chunks of information. So I do think that in those types of circumstances, yes, I think there would be a little bit of leniency. But I don't think if you're asking, hey, I reported my gains in 2017 but I never really did it 14, 15 or 16 - I don't think that's going to be viewed very favorably.
It is possible to substantiate your data without all of your records. [19:00]
Alex: I think the first thing is, I mean, outside of cryptocurrency and just generally in audits, how many people have complete records to support everything on their tax return from three years ago? Right? It's just not the reality.
The best source of information in a lot of these cryptocurrency clients are the clients themselves. They kind of know what they did and they can remember. There's some who take good notes and other people don't, but as you go through and ask people: what exchanges have you've been on, what type of coins, if you bought any ICOs, have you ever sold for actual US cash, and have you ever bought goods or services? As you talk through things people tend to recall what happened. We use that information and we cross check that against bank statements, as well as CSV files, to pick out what those transactions look like.
Most people have some sort of records, at least reflecting the transfer in and the transfer back out of that exchange. So you can use historical data and historical pricing information to essentially estimate what that transaction would have been. And then what we do is we provide a written statement summary of what we're doing and why we're doing it.
The other big one that we see all the time - and anybody listening to this, please hear this, do not trade for your friends on your exchange accounts - because that type of commingling causes such major problems. Essentially you are walking into those taxable gains just because you're allowing someone access to the exchange to make sales.
If you need representation for an audit, get representation. [23:00]
Alex: My general rule is that I think experienced representatives are really important. I probably would not hire the CPA that prepared my return unless they were: one, experienced with being a representative in audits. And two, you felt comfortable that they weren't going to go in there with a conflict of interest. But I do think if you're worried about going into audit - hiring a skilled, and experienced rep is really, really important.
If they're experienced with this, they should understand the appropriate ethical standards and go in there and essentially help resolve portions of the audit and move it to a resolution that you can deal with.
Taxpayers actually have a lot of leverage in an audit. And that sounds crazy to say, but there is a lot of truth to that. And so as you're kind of working through the audit itself, you want to make sure that you're not just agreeing to something to be done with it. You're not agreeing to something just because you think that you'll get in more trouble or get a worse result otherwise.
There are important risk-reduction strategies you can utilize to avoid a crypto audit. [28:15]
Alex: The first thing that you really want to do, is just assess; for those of you that are really worried about an audit - just assess what it is you've actually done over the years. When did you start trading, what exchanges were you on, do you have records that reflect on-ramping and off-ramping? And that's going to be your bank account statements. Do you know where you've been, what exchanges you've been on?
For foreign exchanges, there may not be as much of that AML & KYC compliance, but I really believe that you do have reporting requirements under FATCA for FBAR and something called an 8938, which if you listen to the podcast with Tyson, he kind of explains what that is. But it's basically if you have ownership of a foreign bank account or asset, you have certain reporting requirements, whether you've had income or not.
You want to make sure you at least track when you've actually exchanged crypto for cash or vice versa. That's partly because that's one of those areas where when people can get in trouble with some sort of federal investigators - because those types of transactions can be potentially considered money laundering.
For those who believe that they've used like-kind exchange rules to defer taxable gains -you should look on your tax returns to see if you filed the form 8824, which is where like kind exchanges are actually reported. That kind of goes back to the over reporting issue I was talking about before. I think that if you didn't report the actual trades that you're taking like-kind treatment for in past years, I don't know that you've actually taken like-kind treatment to be frank with you. I think, objectively, that might be viewed as just not reporting certain transactions.
You want to make sure that you address these issues sooner rather than later.
1099-K forms can be misleading - to the recipient and, potentially, the auditor. [32:40]
Alex: A 1099-K is actually a merchant processing third party information returns. And it really is typically associated with people who have credit card sales - so it's going to reflect a gross amount and typically on a monthly basis.
It shows the gross amount and what I've seen too is that sometimes transfers actually get caught into that amount as well. So it's not even just gross sales or purchases - it may have other information. So the 1099-K can be really inflated. That's why reconciling that against accounting records is really, really important because that is one of those issues that I think could lead to an exam.
To those who think crypto isn't beholden to tax laws: you are not correct. [37:38]
Alex: The current commissioner of the IRS is Charles Rettig, and he's a really well known practitioner in tax controversy. I know from people that know him well, that he's actually mentioned Reddit as one of the reasons that cryptocurrency enforcement is his number one enforcement priority right now.
The other person that I've seen speak a couple of times is the head of the IRS Criminal Investigation Unit. His name is Don Fort and every year he does a presentation at the National Tax Controversy and Criminal Tax Conference. The last two years cryptocurrency has been number two and number one on his list. As much as the IRS lacks the funding and the manpower that it needs for all the enforcement, the IRS CI are really, really good and they are probably best agency at dealing with cryptocurrency enforcement issues.
I really think that it's gaining steam and I think once the audits from the Coinbase summons kind of get going, I think it's going to be a really scrutinized area. I think the people who have gone through the cost and the pain of disclosing and amending returns and doing everything they can will be happy that they did in a couple of years. I think the other people are going to be sweating it out - I don't know if it's ever really worth it to be honest with you. I would recommend people do their best to get in compliance.
In summary: do your best to report your crypto gains and losses - and don't try to pull one over on the IRS. [42:36]
Alex: For people who have potential issues with past years, one is getting a consistent record and just amending your past years, so they're consistent.
For people who have the foreign account issues - let's just say, for example, had an account with Binance, and that Binance account was never reported. The IRS has disclosure programs that allow you to amend certain returns, pay the tax that you report and pay a penalty, which would be 5% of the the highest account value that you have.
For people who don't want to deal with this, I think taking evasive steps is the best way to get the worst result possible. One of the things that I learned very early in dealing with audits and tax compliance, is that you can always make things worse. I think you really just want to address it and resolve the issue while you have a good opportunity.
We may see criminal prosecution of some of the "big fish" tax evaders from the Coinbase summons. [46:43]
Alex: Yeah, and I think the two things that I'm fairly certain we're going to see: one is we're going to see the IRS use the information provided by Coinbase to start auditing the biggest account holders from that period. I think that's very likely.
Probably the second one that I would say is very likely is that you're going to see limited criminal prosecutions related to cryptocurrency. And these are going to be people that have some sort of level of notoriety, whether actually famous or maybe famous in the cryptocurrency world. That's typically how the IRS and Department of Justice uses limited resources to prosecute criminal tax tax crimes.
Alex is a great guy to reach out to with any audit-related questions, crypto or otherwise. [48:50]
Alex: You can go to my website: www.kugelmanlaw.com. You can email me at Alex@KugelmanLaw.com. I have clients all over the country, international clients. If you need any sort of help, whether that's representing you, or at least doing the nitty gritty audit investigation, we're always willing to talk to people and help them out as best we can.
---
If you would like to request a topic for an interview, or have any questions related to this podcast, you can reach out to me at podcast@bitcoin.tax.
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
Dear Whales,
Please manipulate the price until it is 200-300k when I can hopefully dump it. Here is what they're doing, when they're trying to pump the price they literally take some of their seeds out of stock thus increasing it. Then, to stabilize and decrease the price they will put some supply back in.
I am not sure how long they will be doing this, but IMO they will be doing this until a next event that will give mastela seeds as rewards.
I've heard since I've played Ragnarok that Mastela Seed is the Bitcoin of Ragnarok because it can be very volatile and I believe the bubble is starting. Right now is there even a genuine demand for these seeds? I'm sure there are some because people are reaching high end game gears.
I am going to dump all my seeds and invest into Fang of Garm because Amatsu/Wedding will be coming to Global. Good idea?
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
The new Samsung Electronics smartphone, the Galaxy S10, was unveiled during a press event on February 20th. It was also revealed that the Galaxy S10 would include storage for private cryptocurrency keys. However, Samsung actively avoided the term “crypto wallet”. Instead, the new feature was pushed as an all-in-one blockchain platform called Knox. As revealed by Heslin Kim on Twitter , the smartphone comes with blockchain tutorials, as well as minimalistic and user-friendly Bitcoin and Ethereum wallets.
It has been theorized that Samsung may be avoiding using the term “cryptocurrency wallet” because it could scare many potential users. The decline in value that cryptocurrency suffered recently and the $150 million QuadrigaCX saga have tarnished the public image of cryptocurrencies, which could explain Samsung’s careful approach. Samsung has also integrated PUF technology into the phone’s Exynos 9820 chip, which already makes it more secure than other existing crypto wallets.
I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention /u/houseme in the comments. We will make improvements based on your feedback.
https://kryptocal.com | /r/kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal
If you like an event to be added, click Submit Event, and we will do the rest.
General
Exchanges
| Ethereum Gold(ETG) | Hotbit Listing | February 27, 2019 |
Meetups
| Monero(XMR) | Toronto Monero Meetup | February 27, 2019 6:00 PM - 11:00 PM |
| EOS(EOS) | New York City Meetup | February 28, 2019 |
Blockchains
| Millenial Talks Event | February 28, 2019 | |
| CyberMiles(CMT) | Data on CMT Blockchain | February 28, 2019 |
Fork/Hard Forks
| Vertcoin(VTC) | Hard Fork | February 28, 2019 |
Air Drops
| Bitcoin Diamond(BCD) | Monthly Airdrop | February 28, 2019 |
Software/Platforms
| Ink Protocol(XNK) | Mobile App Release | February 28, 2019 |
| Titanium BAR(TBAR) | VORDEX Release | February 28, 2019 |
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
The following post by Rattlesnake_Mullet is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/r/ Bitcoin/comments/av3nvv
The original post's content was as follows:
"This brings up the question of what a good price for Bitcoin would be. When will Bitcoin stabilize? It should become less volatile as it becomes more widely adopted because it will be harder for local events and individual people to affect the price very much, right?
Not necessarily. Although perhaps we will see less wild daily swings, I think Bitcoin is unlikely to ever attain anything like a stable price. If Bitcoin’s price were stable, this would mean that it had achieved an equilibrium with the other currencies. There would have to be some sweet spot at which there is exactly the right balance of bitcoins and dollars. When Bitcoin’s price went a little bit too high, people would start to sell for dollars, and when it went a little bit too low, people would buy more bitcoins.
To anyone who thinks this is possible, I ask why would any equilibrium happen? What would it possibly mean for Bitcoin’s price to be too high? Unlike just about anything else, a higher price for Bitcoin does not reduce its usefulness one bit. One simply trades in smaller amounts of it. In fact, a higher price makes Bitcoin more useful because a higher price indicates that more people want to buy, which means that Bitcoin’s liquidity grows, which makes it more useful as a currency.
Therefore, I would suggest that we should never expect an equilibrium between bitcoins and dollars or any other currencies. Instead, Bitcoin should show a pattern of hypermonetization. It will become more and more valuable at a faster and faster rate priced in terms of other currencies. Its price chart should show an asymptotic increase that approaches infinity after a finite time.
Bitcoin may stabilize in terms of real goods, but I see no reason to think that it will stabilize in terms of other currencies. Once Bitcoin starts killing the other currencies, it will still be volatile, and this will still be an indication of its success.
If my prediction is wrong and Bitcoin ever stops being volatile, that might be a good time to dump it."
Source: Article by Daniel Krawisz: I Love Bitcoin's Volatility https://nakamotoinstitute.org/mempool/i-love-bitcoins-volatility/
What do you think?
Berlin has caused me nothing but problems since the day that I got here.
Let’s talk about the fact that in Germany there are literally so many laws that you can’t even go into the library without removing your laptop and putting it in a bag to get into the door.
The Wi-Fi is horrible almost everywhere and people don’t really seem to care that the Wi-Fi is horrible.
You have to use cash almost everywhere and people don’t seem to know how to use credit cards and they certainly will never know what bitcoin is.
Overall I find that the German culture is very pessimistic and risk averse and it’s hard to be in entrepreneur in that environment.
Tallinn, Estonia
I’ve heard good things about Estonia. I like that they have e-residency and are technologically advanced. I’m not sure what it’s like living there but I would be interested to hear if anyone has experience doing so.
Stockholm, Sweden
I think Swedish culture is much different than German culture and I think it’s more entrepreneurial. I see a lot of events on Eventbrite related to product design marketing e-commerce. I also like the music scene in the fashion scene in Sweden. After all Axwell and the Swedish House Mafia are from there.
London, United Kingdom
So many people talk about the cost of living in London but isn’t it worth it. Considering it’s a financial capital in Europe aren’t there benefits to paying more to get access to big brands and robust infrastructure.
I’m not sure what the weathers like but I’d be curious to know if anyone has an opinion about London for 2019.
Elsewhere in Europe
Are there any other hubs in Europe that are up-and-coming where e-commerce brands and start ups are thriving.
Canada
I’ve heard good things about Vancouver and Toronto the weather is certainly better position for climate change. Would anyone recommend the cities and if so why would you recommend them for 2019?
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
Please only do this if you are interested in bitcoin/lightning network.
You will need:
Here is my node https://1ml.com/node/02b2b76cf30de87c63b6c36c5b7f92851d9de3aa2c1292c8278667ef7455813f0a
Open a channel with me and I will send you 1000 satoshis as payment. :)
PM me for more details!
Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
https://i.redd.it/ks9z9d7xd3j21.jpg
Limit number of people: 1000 people
Activity time: 2019/02/27-2019/03/06
Mortgage: 2-10 ETH
Project website: www.ulamchain.io/
Activity rules:
2 to 10 ETHs per person to COINBIG can borrow 800~4000Ulam initial coins for mining (the initial Ulam will be recovered when the activity ends), the excavated part belongs to itself, and the deposit will be refunded after the event. I dig a total of eight days.
In this joint COINBIG & Ulam event, users of the COINBIG platform borrow 50% Ulam, and the mining revenues are owned by the users. The mainstream currencies of mortgages include: CB, TRX, EOS, BTC, ETH. After the mortgage activity is over, we will convert it into equivalent ETH, which does not satisfy 1 ETH, and is calculated according to rounding.
Promotional rewards: Promotional rewards are divided into three levels: 10% of the next level of excavation; 5% of the next level of excavation; and 3% of the next level of excavation.
Activity process:
Log in to the COINBIG platform, click on “Participate in mining”, and assign the account to COINBIG: 283266201@qq.com, transfer the mortgage token;
After the transfer is completed, return to the Ulam mining activity page and click on “Information Collection”.
On the information collection page, select “coinbig”, fill in the COINBIG registration account, and generate the Ulam address.
Please be sure to save the private key information when generating the Ulam address, which will be used as the user's login to Ulam's official website.
After the mortgage activity is over, the Ulam Mining Award (Ulam Coin) will be sent to the user along with the deposit. Please pay attention to the COINBIG platform announcement and login to your asset center.
Remarks:
Ulam address: generated on Ulam official website, private key (www.ulamchain.io)
Invitation code: After submitting the application, generate a short link with the invitation code.
ULAM Introduction
Ulam is an underlying consensus algorithm innovation project developed by the Tsinghua University Advanced Research Center team. It is the fifth blockchain project with significant innovation in consensus algorithms after the POW, POS, DPOS, PBFT, and DAG consensus algorithms. The Ulam Consensus was inspired by the Polish Jewishianian Stanisław Marcin Ulam. Uyan's main inventor, Dr. Wu Yanbing of Tsinghua University's College of Higher Education, was inspired by Ulam's "Luck number" when studying the "blockchain impossible triangle" and the energy consumption of POW. It is found that the use of the characteristics of the hash function can create a new consensus algorithm with ultra-low power consumption, complete decentralization and high stability.
Ulam consensus can be super-fragmented nodes (any smart phones, watches and other smart devices can participate); completely decentralized (million nodes); never generate bitcoin-like computing power; 49% malicious nodes Fault tolerance (the current maximum fault tolerance rate in all consensus algorithms); running TPS up to 10000+, confirming time 1s, ultra-low bifurcation rate; can prove security consensus protocol; anti-quantum attack.
ULAM total circulation: 1414213562 pieces (80% for mining rewards, 8 years of excavation)
Main member of the Ulam team
Wu Yanbing, Ulam promoter: Dr. Wang Xiaoyun, a tutor at the Institute of Advanced Studies (Mathematics) at Tsinghua University, cracked the Korean standard encryption algorithm LEA and proposed a new cryptography method. There are two related papers and two related patents in the blockchain field. Help the Central Bank Digital Money Institute to design a digital currency system that is both anonymous and easy to monitor. Related projects include credit plant platform, smart contract-based searchable symmetric encryption system design and implementation, blockchain-based credit plant platform, Ethereum sidechain development, etc.
Liu Hui Ulam community promoter: 2014 sales of roasted cat mining machine; in 2017, professionally hosted dozens of roadshows for the love of Western Europe; received two rounds of personal investment from the teacher; and hatched multiple centralization consensus projects in 2018. Known as: the ring of living fossils.
