Bitcoin Proponents Bemoan Joe Biden’s Proposed Capital Gains Hike
The U.S. presidential election is only 14 days away, and a number of bitcoin proponents have been discussing the capital gains tax implications Joe Biden plans to invoke if he wins the American presidency. According to Biden’s plan, capital gains will be raised from 21% to 39.6% for certain income brackets. Two weeks ago, the current U.S. president, Donald Trump, floated the idea of cutting long-term capital gains cut down to 15%. In...
Institutions Long and Hedge Funds Short: Bitcoin Options Traders Prep for ‘Big Moves’ Ahead
Trends in bitcoin options markets are making it difficult for financial analysts to pinpoint BTC’s next move. Data from CME’s recently published trader report shows that institutional investors are capturing a larger number of bitcoin long contracts, while hedge funds are showing an all-time high for bitcoin short contracts. On Tuesday, the price of bitcoin (BTC) has been attempting to capture the $12k price zone and a number of...
US Financial Watchdog Fines Bitcoin Mixer Service for $60 Million
Larry Dean Harmon, founder and operator of early bitcoin mixing services Helix and Coin Ninja, is being fined $60 million by the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) for allegedly violating anti-money laundering rules. According to documents published Oct. 19 by Fincen, the fine surrounds the transmission of “at least 356,000 bitcoin transactions through Helix between June 2014 and December 2017” on behalf of...
There’s a Hidden ‘Proxy War’ Between YouTube and Stream Rippers
It’s no secret that the music industry sees stream-ripping as today’s single biggest piracy threat. While there are sites and services covering many platforms, those that allow the public to download music tracks from YouTube are particularly problematic. Over the past several years, major music labels have taken legal action against several key players. YouTube-MP3 was shut down after a legal battle while 2Conv and FLVto are...
Hollywood Wins New ‘Pirate’ Blocking Order After Contentious Sites Removed
For the past several years, entertainment industry companies have been utilizing legislation in Australia that allows for the blocking of ‘pirate’ sites. Movie studios, TV companies and record labels have all taking advantage of the process, filing applications with the Federal Court to have obviously infringing sites blocked by ISPs, to reduce the number of subscribers accessing the platforms from within Australia. The overwhelming...
