With Bitcoin continuing its upward trend, it can be hard for crypto advocates to understand why there are still doubters.
If you’ve been trading cryptocurrency recently, it’s time to start thinking about how it will affect your tax return. This is even more important now that the Australian Taxation Office (ATO) has declared that they will specifically target crypto traders.
You’re keeping the books and running the numbers. If you have money in dollars, euros, pounds, Excel has your back. But, what if you have Bitcoin? If you were creative, you may have used the symbol for the Thai currency, which looks a bit like the Bitcoin symbol but with only one strikethrough. If you have the most recent version of Microsoft Excel, you now have another option.
Every investment has its risk. However, high-risk investments are also often high reward. That doesn’t mean that you should stay away from them, it means that you shouldn’t put all of your eggs in one basket.
Bitcoin and other forms of cryptocurrency are known for their security. However, wherever there is value there will be people trying to steal it. Cryptocurrency is no different.
Although blockchain is a new technology, Bitcoin is no longer perceived as a novelty. Most stakeholders have an optimistic opinion about it and use the future tense in discussion on the topic. These are some of the key findings of a recent Indexica’s research. The company used natural language programming (NLP) to analyse thousands of text documents on Bitcoin and other cryptocurrencies.
Finance expert, talk show host, and Bitcoin enthusiast, Max Keiser, returned to KITCO News last week. In an interview on the market news channel he restated his belief that the king of cryptocurrencies will reach US$100,000. He also gave an explanation for the recent rising trend that has prices back above US$7000.
Microsoft announced last week that they are using the Bitcoin blockchain in a new project to increase online security.
Bitcoin is great for online purchases from a number of suppliers. It’s also fairly easy and convenient to exchange it online for other currencies. However, as few brick-and-mortar retailers accept it, it’s not of much use around town. If only there were crypto ATMs.
Australia is a great place to visit if you want to pay with cryptocurrencies. More and more businesses put a
Bitcoin accepted here sign on their shop windows. And Aussies are increasingly familiar with the crypto world and blockchain technology. However, despite the regulation in the industry, Australian banks do not share this enthusiasm.