Bitcoin just broke 8000... UPDATE $9100! over 10k!!! My nigga its about to break 20k!!!
- Thread starter BitchI'llKillYa
- Start date
LMAO just like that the dip is over
Let's see what these Asians do when they get up. Might be another sale later on tonight.
Dude they getting flooded
I missed it wanted to buy some
Coinbase has an alert option, I need to start using ot... when tjem.dips happen buy buy buy
The shit DON'T WORK!
Shit had shot back up by time I got an alert. I'm trying out Call Levels app now
https://www.bloomberg.com/news/arti...paign=headline&cmpId=yhoo.headline&yptr=yahoo
Coinbase Loses Bid to Block U.S. Tax Probe of Bitcoin Gains
Coinbase Inc. lost a bid to block an Internal Revenue Service investigation into whether some of the company’s customers haven’t reported their cryptocurrency gains.
U.S. Magistrate Judge Jacqueline Scott Corley in San Francisco ruled that the tax agency’s demand for information isn’t overly intrusive. The price of bitcoin has been soaring and crossed $10,000 Tuesday.
With just 800 to 900 taxpayers reporting bitcoin gains from 2013 through 2015 in a period when more than 14,000 Coinbase users have either bought, sold, sent or received at least $20,000 worth of bitcoin, “many Coinbase users may not be reporting their bitcoin gains,” she wrote. “The IRS has a legitimate interest in investigating these taxpayers.”
The company, one of the world’s largest virtual currency exchanges, has been sparring since last year with the IRS over its summons -- and continued to resist turning over the information even after the agency scaled back its request in July. Coinbase and industry trade groups contend the government’s concerns about tax fraud are unfounded and that its sweeping demand for information is a threat to privacy.
The company said it’s glad that the government and the court narrowed the scope of the summons.
“Coinbase started this process more than 12 months ago, and while today’s result is not the complete victory we hoped for, it does represent a substantial and unprecedented victory for the industry and the hundreds of thousands of customers that would have been unfairly targeted if it weren’t for our action,” the company said in a statement posted on its blog.
Last year, analysts said similar demands could be made of other digital-currency companies if the IRS widens its investigation.
“The government has sensed a windfall -- any company that has a plethora of wealthy users might be in the sights,” Charles Hayter, chief executive officer of market tracker CryptoCompare, said in an email. “If there is tax to be paid the government is going to go after it if it makes an example” or a return on investment.
The IRS persuaded Corley last year to order Coinbase to approve its summons for customer records from a three-year period for an investigation into whether taxpayers failed to report income.
Coinbase resisted, and negotiations between the company and the agency resulted in a narrowed request for information to about 8.9 million transactions and 14,355 account holders. Coinbase argued at a Nov. 9 hearing the inquiry remained unreasonably broad.
Corley ruled that the company must turn over basic identifying information, records of account activity and period statements for accounts with the equivalent of $20,000 in any one transaction type during any single year from 2013 to 2015. The judge said other data need not be disclosed at this time, including public keys for all accounts, wallets and vaults.
The case is U.S. v. Coinbase, 17-01431, U.S. District Court, Northern District of California (San Francisco).
Coinbase Loses Bid to Block U.S. Tax Probe of Bitcoin Gains
Coinbase Inc. lost a bid to block an Internal Revenue Service investigation into whether some of the company’s customers haven’t reported their cryptocurrency gains.
U.S. Magistrate Judge Jacqueline Scott Corley in San Francisco ruled that the tax agency’s demand for information isn’t overly intrusive. The price of bitcoin has been soaring and crossed $10,000 Tuesday.
With just 800 to 900 taxpayers reporting bitcoin gains from 2013 through 2015 in a period when more than 14,000 Coinbase users have either bought, sold, sent or received at least $20,000 worth of bitcoin, “many Coinbase users may not be reporting their bitcoin gains,” she wrote. “The IRS has a legitimate interest in investigating these taxpayers.”
The company, one of the world’s largest virtual currency exchanges, has been sparring since last year with the IRS over its summons -- and continued to resist turning over the information even after the agency scaled back its request in July. Coinbase and industry trade groups contend the government’s concerns about tax fraud are unfounded and that its sweeping demand for information is a threat to privacy.
The company said it’s glad that the government and the court narrowed the scope of the summons.
“Coinbase started this process more than 12 months ago, and while today’s result is not the complete victory we hoped for, it does represent a substantial and unprecedented victory for the industry and the hundreds of thousands of customers that would have been unfairly targeted if it weren’t for our action,” the company said in a statement posted on its blog.
Last year, analysts said similar demands could be made of other digital-currency companies if the IRS widens its investigation.
“The government has sensed a windfall -- any company that has a plethora of wealthy users might be in the sights,” Charles Hayter, chief executive officer of market tracker CryptoCompare, said in an email. “If there is tax to be paid the government is going to go after it if it makes an example” or a return on investment.
The IRS persuaded Corley last year to order Coinbase to approve its summons for customer records from a three-year period for an investigation into whether taxpayers failed to report income.
Coinbase resisted, and negotiations between the company and the agency resulted in a narrowed request for information to about 8.9 million transactions and 14,355 account holders. Coinbase argued at a Nov. 9 hearing the inquiry remained unreasonably broad.
Corley ruled that the company must turn over basic identifying information, records of account activity and period statements for accounts with the equivalent of $20,000 in any one transaction type during any single year from 2013 to 2015. The judge said other data need not be disclosed at this time, including public keys for all accounts, wallets and vaults.
The case is U.S. v. Coinbase, 17-01431, U.S. District Court, Northern District of California (San Francisco).
looks like they are going after specific ppl, but if they are successful in what they are looking for they can broaden it.
Yea i couldnt log in today. Then went in their site and it said they were having a "minor service outage".
Today was crazy though, peaked at $11,365
If people really trying to avoid paying taxes, they will just say they were hacked, then mix their shit, and put it into a privacy coin and then back into what they want.
Coinbase ordered to give the IRS data on users trading more than $20,000
Posted 2 hours ago by Taylor Hatmaker (@tayhatmaker)
Most digital currencies exist in a sort of twilight state just beyond the grasp of federal regulators, but the U.S. tax authority is starting to get savvy to this whole bitcoin thing.
On Wednesday, a federal judge in San Francisco ruled that Coinbase must supply the IRS with identifying information on users who had more than $20,000 in annual transactions on its platform between 2013 and 2015. After noticing that the number of tax returns claiming gains from virtual currency didn’t line up with the emerging popularity of digital currencies like bitcoin as an investment vehicle, the IRS asked Coinbase to hand over a broad swath of information on its users. Coinbase pushed back, and now the court has landed on a compromise that the company is calling a “partial victory.”
“Coinbase itself admits that the Narrowed Summons requests information regarding 8.9 million Coinbase transactions and 14,355 Coinbase account holders. That only 800 to 900 taxpayers reported gains related to bitcoin in each of the relevant years and that more than 14,000 Coinbase users have either bought, sold, sent or received at least $20,000 worth of bitcoin in a given year suggests that many Coinbase users may not be reporting their bitcoin gains,” the court documents read.
While cryptocurrency users who value the relative decentralization and privacy afforded by digital currencies won’t be happy, Coinbase succeeded in limiting the government’s initial request for information on all Coinbase users who made transactions from 2013 to 2015 to the smaller subset of high-value users.
The IRS initially requested nine kinds of user data, including “complete user profiles, know-your-customer due diligence, documents regarding third-party access, transaction logs, records of payments processed, correspondence between Coinbase and Coinbase users, account or invoice statements and records of payments.”
Rejecting some of those requests, today the court narrowed the scope of documents that the IRS can request from Coinbase to taxpayer ID number, name, date of birth, address, transaction logs and account statements, deeming the rest of the documents “not necessary.” Again, these personal data requests will only apply to accounts that have bought, sold, sent or received more than $20,000 in any of those types of transactions between 2013 and 2015.
As the court documents specify, the narrowed IRS request “applies to far fewer, but still more than 10,000, Coinbase account holders.”
You can read the court decision in full below.
Posted 2 hours ago by Taylor Hatmaker (@tayhatmaker)
Most digital currencies exist in a sort of twilight state just beyond the grasp of federal regulators, but the U.S. tax authority is starting to get savvy to this whole bitcoin thing.
On Wednesday, a federal judge in San Francisco ruled that Coinbase must supply the IRS with identifying information on users who had more than $20,000 in annual transactions on its platform between 2013 and 2015. After noticing that the number of tax returns claiming gains from virtual currency didn’t line up with the emerging popularity of digital currencies like bitcoin as an investment vehicle, the IRS asked Coinbase to hand over a broad swath of information on its users. Coinbase pushed back, and now the court has landed on a compromise that the company is calling a “partial victory.”
“Coinbase itself admits that the Narrowed Summons requests information regarding 8.9 million Coinbase transactions and 14,355 Coinbase account holders. That only 800 to 900 taxpayers reported gains related to bitcoin in each of the relevant years and that more than 14,000 Coinbase users have either bought, sold, sent or received at least $20,000 worth of bitcoin in a given year suggests that many Coinbase users may not be reporting their bitcoin gains,” the court documents read.
While cryptocurrency users who value the relative decentralization and privacy afforded by digital currencies won’t be happy, Coinbase succeeded in limiting the government’s initial request for information on all Coinbase users who made transactions from 2013 to 2015 to the smaller subset of high-value users.
The IRS initially requested nine kinds of user data, including “complete user profiles, know-your-customer due diligence, documents regarding third-party access, transaction logs, records of payments processed, correspondence between Coinbase and Coinbase users, account or invoice statements and records of payments.”
Rejecting some of those requests, today the court narrowed the scope of documents that the IRS can request from Coinbase to taxpayer ID number, name, date of birth, address, transaction logs and account statements, deeming the rest of the documents “not necessary.” Again, these personal data requests will only apply to accounts that have bought, sold, sent or received more than $20,000 in any of those types of transactions between 2013 and 2015.
As the court documents specify, the narrowed IRS request “applies to far fewer, but still more than 10,000, Coinbase account holders.”
You can read the court decision in full below.
Bloomberg radio reported that some of the major crypto sites were having problems with traffic today.
What can one get with usd 100?
Starters
Starters
Interested but don’t know shit about it. Novice
Try using the app, it's working for me right now. Coinbase and gdax got overwhelmed by all the traffic.
same here
Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stiglitz Says
Bitcoin surpassed $11,000 in a matter of hours after hitting the $10,000 milestone, taking this year’s price surge to almost 12-fold as buyers shrugged off increased warnings that the largest digital currency is an asset bubble.
“It’s a bubble that’s going to give a lot of people a lot of exciting times as it rides up and then goes down,” Stiglitz added.
https://www.bloomberg.com/amp/news/...wed-nobel-prize-winner-stiglitz-says-jal10hxd
Bitcoin surpassed $11,000 in a matter of hours after hitting the $10,000 milestone, taking this year’s price surge to almost 12-fold as buyers shrugged off increased warnings that the largest digital currency is an asset bubble.
“It’s a bubble that’s going to give a lot of people a lot of exciting times as it rides up and then goes down,” Stiglitz added.
https://www.bloomberg.com/amp/news/...wed-nobel-prize-winner-stiglitz-says-jal10hxd
If this happens..Bitcoin bursts or is outlawed...which cryptocurrency survives? If any.
ETH
The journey of bitcoins
$0 - $1000: 1789 days
$1000- $2000: 1271 days
$2000- $3000: 23 days
$3000- $4000: 62 days
$4000- $5000: 61 days
$5000- $6000: 8 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days
$9000-$10000: 2 days
$0 - $1000: 1789 days
$1000- $2000: 1271 days
$2000- $3000: 23 days
$3000- $4000: 62 days
$4000- $5000: 61 days
$5000- $6000: 8 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days
$9000-$10000: 2 days
Do they have a working prototype? Are they in Beta?
I'm trying to find out how is he able to get a screen shot of coinbase
Edit: I found why I can't do it. Something about a security feature on Android with banking apps.
Welp its' official, Bitcoin ain't going anywhere since uncle Sam let white supremacists get away with dam near anything lol.
Yea its Vickie 6, I got the video somewhere will have a look for you bro