To tax Bitcoin and cryptos, the OECD wants a common framework – And that doesn’t bode well

The Organization for Economic Co-operation and Development (OECD) will be proposing a tax framework for cryptoassets to its 37 member countries from 2021.

A standard to better tax your cryptos

The OECD’s mission is „to promote policies that will improve economic and social well-being around the world „. And for this, the organization has its Center for Tax Policy and Administration . In particular, it is responsible for promoting the exchange of information between the tax authorities of member countries. But it also issues conventions aimed at harmonizing their taxes (fiscal federalism) in order to fight against tax evasion.

The best known is the One Bitcoin a Day model convention on the exchange of information in tax matters, or CRS (for Common Reporting Standard ). These recommendations in particular have been limiting bank secrecy since 2005.

According to the director of the Center for Tax Policy and Administration, Pascal Saint-Amans , a similar framework will be introduced for cryptos in 2021:

Basically, the idea is to have a standard that would be roughly equivalent to CRS, if not CRS. It will most likely be delivered sometime in 2021.

Pascal Saint-Amans

This standard will not contradict the directives of entities such as the European Commission, according to Saint-Amans.

Taxes, everyone agrees

For its part, the European Union is seeking to amend its Directive on administrative cooperation in tax matters ( DAC ). His proposal was published on November 23.

According to Saint-Amans, this amendment will be in accordance with the recommendations of the OECD:

The OECD proposal will be “complementary” to ongoing work within the EU. But the OECD is likely to set its standard before the EU. This will be an opportunity for the EU to align with our standard. […] The right comparison is not the Digital Services Directive, but rather all the many directives where the EU has implemented OECD standards. The seventh version of the DAC Act is an example of these, very much in line with what we are doing.

A Filecoin tem capacidade de armazenamento de 1 bilhão

A Filecoin tem capacidade de armazenamento de 1 bilhão de GB como tokenized FIL lança para uso na DeFi

Anchorage e Tokensoft lançaram a wFIL, um protocolo de embalagem que permite o uso de Filecoin no Ethereum.

Os fornecedores de infraestrutura de moedas criptográficas Anchorage e Tokensoft estão se unindo para embrulhar a FIL, o símbolo nativo da rede descentralizada Bitcoin Trader de armazenamento de arquivos FIlecoin, para uso no Ethereum.

As empresas anunciaram a wFIL em 23 de novembro, promovendo seu uso em aplicações financeiras descentralizadas incluindo Compound, Maker, e Uniswap. O líder do ecossistema Filecoin, Colin Evra, afirmou:

„A Filecoin embrulhada permitirá alguns produtos DeFi realmente criativos que criam enormes oportunidades para os mineiros e usuários de armazenamento da Filecoin“.

A notícia chegou no mesmo dia em que a Filecoin anunciou que a capacidade de armazenamento dedicada por sua comunidade mineira global excedeu um exbibyte – equivalente a mais de um bilhão de gigabytes.

De acordo com um anúncio, a capacidade da Filecoin poderia armazenar 4.500 Wikipedias, 290 milhões de filmes a 1080p de qualidade e 19 cópias de todo o Arquivo da Internet.

A Filecoin é uma rede de armazenamento descentralizado sem confiança que oferece incentivos aos mineiros que fornecem capacidade de armazenamento na rede.

A rede espera atrair desenvolvedores e websites que pagarão FIL em troca do acesso ao armazenamento da Filecoin ou de dados hospedados

O recurso Discover da Filecoin permite que seus mineiros selecionem conjuntos de dados abrangendo literatura, ciência, arte e história para mobilizar capacidades de armazenamento não utilizadas para hospedar e tornar acessível ao público. Os conjuntos de dados incluem o Berkeley’s Self-Driving Data, uma cópia do banco de dados da Wikipedia e o The International Genome Sample Resource’s 1000 Genomes Project.

A equipe descreve o marco como „solidificando a posição da FIlecoin como um desafio legítimo para gigantes do armazenamento de nuvens como AWS [Amazon Web Services], Google Cloud, e Dropbox“. Colin Evra afirmou:

„Nosso objetivo era construir uma Biblioteca de Alexandria para o conhecimento mais precioso da humanidade – uma que nunca poderia ser queimada […] A missão da Filecoin de criar uma base descentralizada, eficiente e robusta para a informação da humanidade é agora uma realidade“.

Em 24 de novembro, a Filecoin também anunciou que havia feito parceria com a empresa top crypto exchange Huobi para lançar o Centro de Incubação Huobi-Filecoin. O centro, que será apoiado por um fundo de 10 milhões de dólares, se concentrará na incubação da cadeia de incubação, investimento e desenvolvimento comunitário.

A Filecoin compreende atualmente mais de 670 mineiros ativos e conta com mais de 90 organizações que se baseiam em sua rede.

Bitcoin Price Prediction: BTC/USD Skonsolidowane poniżej 18.800 $ Odporność, docelowy poziom cen psychologicznych 20.000 $

Bitcoin (BTC) Przewidywanie cen – 22 listopada 2020 r.
BTC/USD konsoliduje się powyżej 18.400 USD, ale poniżej oporu 18.800 USD. Byki przygotowują się do zepchnięcia BTC powyżej psychologicznego poziomu cenowego 20.000 dolarów. Biorąc pod uwagę fakt, że obecne wsparcie utrzymuje się powyżej 18.400 $. Niemniej jednak, obecny przedział cenowy prawdopodobnie zostanie złamany, gdy byk wznowi swój pęd.

Poziomy oporu: 13.000$, 14.000$, 15.000$.
Poziomy wsparcia: $7,000, $6,000, $5,000

BTC/USD – wykres dzienny
Od 20 listopada wsparcie w wysokości 18.400 dolarów utrzymuje się za każdym razem, gdy cena koryguje się i ponownie testuje poziom wsparcia. Jest to wskazówka, że byki obecnie bronią poziomu cen. Pęd do góry nogami zostanie wznowiony, jeśli aktualne wsparcie pozostanie niezmienione.

Obecnie, jeśli byki są w stanie popchnąć monetę powyżej oporu 18.800$, BTC zjednoczy się do następnego oporu po 19.500$. Obecna konsolidacja będzie kontynuowana, jeśli opór 18.800 dolarów pozostanie niezmieniony. Niemniej jednak, w całym pędzie do góry nogami, korekta ceny Bitcoin Bank trwa mniej niż 3 dni. Po tym czasie byczy impet zostanie wznowiony lub dojdzie do przełamania, które napędzi monetę do góry.

Bitcoin Mniej zmienny niż wiele zapasów Van Ecka

Van Eck jest menedżerem firmy zarządzającej inwestycjami. Opublikował nowe badania wskazujące, że zmiany cen Bitcoin’a są mniej zmienne niż jedna trzecia akcji notowanych na S&P 500. Według niego“, rzeczywistość pokazuje, że największa na świecie krypto waluta handluje ze zmiennością porównywalną do tej, jaką mają niektóre z największych firm na świecie“. Wskazał, że każdego roku 29% akcji S&P 500 doświadcza większych wahań cen niż waluta cyfrowa, a 22% robi to samo w ciągu 90 dni – powiedział Van Eck. Spółka doradzała inwestorom instytucjonalnym, aby posiadali Bitcoin w swoich księgach.

BTC/USD -4-godzinny wykres
Tymczasem BTC utknęło poniżej 18 800 dolarów oporu. Analiza narzędzia Fibonacciego zostanie zatrzymana w przypadku naruszenia aktualnej rezystancji. W przeciwnym razie moneta będzie nadal poruszać się na boki poniżej oporu. Wybicie za 18.800$ spowoduje, że cena powróci do góry nogami. Oczekuje się, że Bitcoin osiągnie 1.272 przedłużenia Fibonacciego lub wysoką wartość 19.160,90 USD. Następnie kolejnym celem będzie 20.000 dolarów psychologicznego poziomu ceny.

Paxful’s Latin American manager says multiple factors are influencing Bitcoin’s price increase

From Paxful they say that there are multiple factors that influence the valorisation of the world’s main cryptomoney

The price of Bitcoin reached USD 18.476 in the early hours of Wednesday 18 November, equalling the record set on 18 December 2017, and increasing its value by 30% in a fortnight. In this scenario, Paxful shared with Cointelegraph en Español an analysis of what is happening with Bitcoin this year.

„There are multiple factors that influence the value of the world’s main crypt currency, among them the leverage of the main exchanges; the elections in the United States for which a round of economic stimulus is expected to take place that would generate an increase in investments such as bitcoin; and the FOMO (Fear of missing out),“ explained Magdiela Rivas, Paxful’s manager for Latin America.

According to Paxful, security and user education are key to boosting confidence in cryptosystems
From Paxful they also highlighted that, in the crypto world, not only is bitcoin breaking records, but so are other crypto currencies such as Tether, a stablecoin whose market value is always equivalent to one dollar.

„On platforms such as Paxful, through the purchase of Tether, users have the possibility of freezing the value of their bitcoins in dollars. Since September, we have recorded an increase of 6,808% in the volume of Tether’s operations in Argentina on our platform, which shows that more and more people are turning to this new form of investment to safeguard the value of their assets,“ commented Rivas.

According to Paxful, Argentines are increasingly choosing crypto-currencies as a store of value
It is important to bear in mind that in Argentina the economic crisis has led many to see cryptosystems as a valuable refuge.

„Despite the fall of the informal dollar, the rise in bitcoin has cushioned losses for those who bought dollars even at $195, as that currency fell by 19% while bitcoin rose by 41%,“ Paxful remarked.

Paxful takes the informal dollar quote for the price of Bitcoin in Argentina
On Paxful’s platform in Argentina, the numbers are clear indicators of what is happening: „Trading has increased by 34% per month, while the number of new accounts opened averaged 47%, generating a 1087% increase in new users on the platform from January to September 2020“.

Bitcoiner lucky: The BTC community is bullish

Bitcoin is pumping. And comments from the world of social media, which confirm the bullish price outlook, follow immediately. But there is still a long way to go before the high of the current cycle.

Leisurely and then all of a sudden. This is roughly how the FOMO-induced price behavior of crypto currency No. 1 can be summarized. In bull markets, price jumps of 10-15 percent in a very short time are nothing new, but the last Bitcoin Era was now more than three years ago. And so these days Bitcoiners are celebrating their devotion to feeding through the bear market. Always with you: a little pinch of “I told you so”.

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Preston Pysh has done a lot in life. As an aerospace engineer, he served in the US Army for years. With The Investors‘ Podcasttogether with his co-host Stig Broderson, he reaches an investment-enthusiastic audience of millions. Recently, however, the investor has emerged as one of the most bullish advocates of the No. 1 cryptocurrency. In his most recent appearance on the Stephan Livera Podcast , Pysh put forward the thesis that Bitcoin could break the threshold to become a world reserve currency in this bull market.

If that doesn’t work, then it should be ready by the peak of the following halving cycle at the latest

I think hyperbitcoinization can happen as early as this cycle. At the latest, however, it should happen after the next cycle. It will take a maximum of 7.5 years.

Such statements astonish even bullish Bitcoiners. But the idea is not unfounded. After all, the central banks contribute to a self-reinforcing spiral with their monetary policy. Bitcoin as a verifiably limited asset could soak up all this excess liquidity as an investment.

We have been able to observe over the past few days how fast BTC can soar.

Crypto-Art: the ecosystem that takes art to new heights

Crypto art exhibits a unique characteristic that makes it different from anything that came before it.

BeInCrypto spoke with crypto-artists Daniella Attfield and PR1MAL CYPHER.

Crypto-art attracts a wide variety of like-minded members

Imagine being an artist , for a moment. Whether your niche is digital art or creating a physical piece, you are creating amazing visuals that others can enjoy. One of the most important elements of artistic creation is the protection of your work against reproduction without your permission.

In the particular case of digital art , there is always the possibility that the image will be reproduced several times and distributed, which essentially decreases the value of the work and destroys this precious element of rarity. Indeed, what was once a single original work has been multiplied by others, thus making it common.

Crypto-art has recently appeared on the scene, with a pioneering aesthetic. It sets out to offer a solution to the threat artists face when their works are copied by unauthorized parties, resulting in a depreciation of their work. In a nutshell, crypto-art is the artistic version of Bitcoin .

To dig deeper into this point, BeInCrypto spoke with crypto artists. Daniella Attfield, a young South African crypto artist, explained this new and growing phenomenon:

Crypto art is fundamentally art (usually, but not always, digital art), that is, it receives a unique signature on the blockchain that confirms it is original and limited in quantity – just like original artwork and photographic prints that have been signed. It is then sold or auctioned for cryptocurrency and then transferred to the buyer, so that they have a totally unique and verified original work of art.

It is no different from traditional art forms, in that you would pay an artist if you wanted to own their original work. Often there can be several editions of the same work, as with photographic prints, and sometimes 1/1 editions as with oil paintings. The only difference is the digital signature. This means that crypto-artists can now sell their works in a way they can control.

A unique feature

There are apparently some drawbacks to the pursuit of the traditional art market , especially for obscure or unknown artists. Creating artwork can be a slow and tedious process. Artists must also think about all the elements necessary for an exhibition, which takes time and resources, in collaboration with a gallery willing to present their work.

The disadvantages increase when the presentation is limited to the time slot of a gallery, for example its opening hours. Artists may never see the immediate results of their work, although it can take years for their work to hit the market.

Unlike conventional works of art, crypto art has a unique characteristic, which makes it different from anything that came before it. Each crypto work of art has an exclusive and indelible identifier – a digital signature, similar to a copyright or encoded watermark, which is not visible to the naked eye.

This exclusive signature is then used to identify, verify and track its history on the blockchain, allowing the artwork to be inalienably linked to its unique signature and engraved in the blockchain’s immutable digital public ledger. This is called “tokenization”, “minting” or even “issuance of currency”.

This one factor could give new impetus to the Bitcoin rally

Bitcoin has seen immense volatility in the past few days. The coin is currently trading for $ 13,800 – above the lows of $ 13,200 on Monday, but below the daily highs of $ 14,100 and the weekend highs at the same level.

Bitcoin is up about 1.5% in the past 24 hours – and some analysts think that because of the futures market, BTC is poised to move higher.

An analyst has shared data that the cryptocurrency futures markets are clearly declining right now.
The problem, the analyst said, is that many of these shorts are bearish, while the funding rate is also negative.

This could lead to what is known as a short squeeze, which is driving Bitcoin Billionaire high.

Futures data shows: Bitcoin could move even higher

Bitcoin has seen immense volatility in the days leading up to and during the US presidential election. The leading cryptocurrency is currently trading for $ 13,800, above Monday’s lows of $ 13,200 but below the daily highs at $ 14,100 and weekend highs at the same level.

Bitcoin has risen slightly over the past 24 hours, while volatility has left the cryptocurrency fluctuating between $ 13,000 and $ 14,000.

Analysts say Bitcoin is likely to continue to rise in the coming hours and days. A crypto asset analyst shared the chart below, according to which the futures markets of the crypto currency are clearly declining at the moment.

The problem, the analyst said, is that many of these shorts are in bearish while the funding rate is also negative. This greatly increases the chances of Bitcoin being subject to a short squeeze, which drives prices up quickly.

“In the meantime, Binance’s funding has been consistently negative for the past few days, and the L / S ratio has also decreased (more shorts). It looks to me like a pile of over-indebted shorts is under water. “

Chart of the price development of BTC in the last few weeks with analysis by the crypto trader Byzantine General (@ByzGen on Twitter). Source: Byzantine General: BTCUSD from TradingView.com
The funding rate is the fee with which long positions regularly pay short positions in order to maintain the future price of the spot market. Negative refinancing rates combined with rising prices increase the chance of a short squeeze.

Post-election uncertainty could spur correction

The election uncertainty could mean that this scenario does not come to fruition.

Several analysts have noted how uncertainty surrounding the US election due to different economic and financial policies could lead to movements in markets like the dollar and bitcoin.

For one thing, BTC has already risen by $ 400 from the election – but also crashed by $ 300.

John McAfee gaat door naar Shill Cryptoassets From Behind Bars…

  • De populaire crypto pundit John McAfee heeft de fans van zijn gevangeniscel in Spanje op de hoogte gebracht en gezegd dat de aanklachten tegen hem politiek gemotiveerd waren.
  • McAfee promootte ook het crypto-project $GHOST, een stabiele munt die gericht is op privé-transacties.

De populaire cybersecurity-programmeur en cryptocurrency-verdediger John McAfee is muntstukken van achter de tralies blijven schudden.

McAfee, die eerder in de maand in Spanje werd gearresteerd, wacht momenteel op een mogelijke uitlevering aan de Verenigde Staten voor kosten in verband met belastingontduiking. Ondanks het feit dat hij gevangen zit, is hij doorgegaan met het geven van updates aan zijn fans via zijn vrouw Janice, die beweert dat de Spaanse gevangenis „niet zo slecht“ is.

McAfee nam opnieuw deel aan Twitter, en plaatste verschillende reacties op de Europese pers in wat hij de „John McAfee Media FAQ“ noemde.

Volgens de update zegt Crypto Bull dat de aanklachten tegen hem politiek gemotiveerd zijn en het resultaat zijn van zijn stellingname tegen het zestiende amendement van de grondwet van de Verenigde Staten met betrekking tot de belastingheffing in het Congres.

McAfee maakte ook van de gelegenheid gebruik om de stabiele munt $GHOST te promoten, en zei dat het het enige overgebleven project was waar hij aan werkt.

Hij ging verder,

Wanneer onze privé stalmunt wordt vrijgegeven, zal het een revolutie teweegbrengen in de cryptotransacties… Mijn werk met $GHOST draait volledig om onze ontwikkeling van ’s werelds eerste privé stalmunt. Versie één zal een gewikkelde DAI zijn. Later zullen we een nieuwe stabiele, private blokketen hebben.

Toen hem werd gevraagd hoe zijn opvattingen over cryptocurrency sinds 2017 waren veranderd, zei McAfee dat hij verbijsterd was over de focus van de industrie op „snel rijk worden“ verhalen in plaats van voor het nut in transacties.