bitcoin taxes - BitBoy Crypto

IMAGINE: John Lennon’s Son Is Optimistic About Bitcoin Stating It Empowers Individuals

The son of Beatles legend John Lennon and Yoko Ono, Sean Ono Lennon praised Bitcoin stating the number one cryptocurrency “empowers people in a way they’ve never been empowered before.” “Ultimately bitcoin is something that empowers individuals it empowers people in a way they’ve never been empowered before,” Sean Lennon said. Lennon, made the comments… Read More

Cash App Quarterly Earnings For Bitcoin Generated $1.63 Billion In Revenue

Cash App, the mobile payment service of Square Inc. has generated more than $1.63 billion in Bitcoin revenue in Q3 2020 according to its earnings report. Square released its Q3 2020 earnings report revealing that the company has generated a large amount of its profit from Bitcoin trading. Cash App, launched its Bitcoin trading in… Read More

Microstrategy CEO Michael Saylor Says He Personally Owns $240 Million In Bitcoin

Microstrategy CEO Michael Saylor has revealed that he personally owns about $240 million in Bitcoin. The CEO of the billion-dollar company Microstrategy, Michael Saylor, has revealed his own bitcoin holdings. His company, Microstrategy, recently bought $425 million in bitcoin as its primary Treasury reserve asset. Saylor, who has been outspoken about Bitcoin ever since his… Read More

CoinMetrics: Bitcoin Ready For Explosive Breakout

A Coinmetrics report states the bullish case for Bitcoin expressing that on-chain fundamentals are hinting at the number one cryptocurrency experiencing its biggest breakout this year. The report perceives that Bitcoin is already showing signs of this coming move following its rise by about $1,000 in one day on October 21st. The digital asset has… Read More

Celebrities Wish Bitcoin A Happy 12th Birthday

It has been twelve years since Bitcoin’s whitepaper came into existence, marking October 31st as its twelfth birthday, and celebrities are getting in on the action wishing Bitcoin a happy birthday! Nine celebrities have wished Bitcoin a happy twelfth birthday. The birthday wish videos were sponsored and published on the platform Cameo. The videos were… Read More

Iran Requires Miners To Give Their Central Bank Bitcoin And Importing Goods Using Cryptocurrency

The next wave of adoption we thought was retail and institutions. However, Iran has now made a new regulation regarding cryptocurrencies requiring licensed Bitcoin miners to sell their coins directly to the central bank for use to fund imports. Bitcoin.com reports, that Iran’s cryptocurrency regulation to enable the country’s central bank to fund imports with… Read More

Bitcoin Gets Two New Major Code Improvements

The two proposals Schnorr and Taproot were merged into Bitcoin Core last week and will be implemented at a later time. According to commit history on Github, Bitcoin has just had a silent update pushed into its code which will become active at a later date. When activated, the two code proposals will bring about… Read More

Analysts At Goldman Sachs Recommend Shorting The Dollar

According to Goldman Sachs analysts, the risks arising from vaccine trials and the uncertainty of the U.S. election could weaken the dollar, CNBC reported. If the U.S. dollar continues to lose its purchasing power, it could mean that safe-haven asset gold and Bitcoin could gain significant bullish momentum in the last quarter of 2020. Zach… Read More

Bitcoin Breaks $12K Overnight, Key Resistance Still at $12.5K According To Institutional Trader

Bitcoin has rallied above $12K, trading above the key resistance for the first time in more than two months. This signals that Bitcoin could be getting ready to enter its parabolic bull-market. But until $12K is flipped into support the move is meaningless. BTC is above its 10-day and 50-day moving averages, a bullish signal… Read More

Square Invests $50 Million Into Bitcoin As Price Hits $11K

Square a payments company owned by Jack Dorsey a Bitcoin-bull, has invested $50 million dollars into the number one digital asset. That’s 4,709 Bitcoins likely more than you or I will ever see in this lifetime. The investment represents approximately 1% of Square’s total assets as of Q2 2020. In May, Square reported its Bitcoin… Read More

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