What’s Ahead for Cryptocurrencies in 2021?

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Jan.04 — Catherine Coley, chief executive officer at Binance.US, discusses the draw of cryptocurrencies, markets and the vulnerabilities of the currency. She speaks on “Bloomberg Daybreak: Asia.”

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Lance Wallach says:

The IRS recently released new guidance about virtual currency—the first in 5 years—which mainly dealt with whether taxpayers have gross income from two cryptocurrency events: hard forks of cryptocurrency the taxpayer owns and an airdrop of a new cryptocurrency following a hard fork, if the taxpayer receives units of new cryptocurrency. If you own virtual currency, no matter whether these terms sound like a foreign language to you or you are familiar with them, you may need to account for these events on your tax return for the year when they occur. As a crypto investor, you face significant risks regarding taxation and the IRS. These risks can be mitigated, however, with help. Most accountants have no clue. Lance Wallach receives hundreds of calls for help. Google him and your advisor. Who do YOU trust? 516-236-8440

Lance Wallach says:

The IRS recently released new guidance about virtual currency—the first in 5 years—which mainly dealt with whether taxpayers have gross income from two cryptocurrency events: hard forks of cryptocurrency the taxpayer owns and an airdrop of a new cryptocurrency following a hard fork, if the taxpayer receives units of new cryptocurrency. If you own virtual currency, no matter whether these terms sound like a foreign language to you or you are familiar with them, you may need to account for these events on your tax return for the year when they occur. As a crypto investor, you face significant risks regarding taxation and the IRS. These risks can be mitigated, however, with help. Most accountants have no clue. Lance Wallach receives hundreds of calls for help. Google him and your advisor. WHO do YOU trust? 516-236-8440

eWorkNOW says:

Don't know how I bumped onto this. All in all Awesome video ❤️. I also have been watching those similar from mStarTutorials and kinda wonder how you guys create these stuff. MStar Tutorials also had cool information about similiar money making things on his channel.

Wilson Cooper says:

I received a transfer of $23,000 from thechinahacks,com and I was able to use the money without troubles.

Lance Wallach says:

The IRS will audit Cryptocurrency, get help NOW
The IRS views crypto as property, not currency, which means that mining, selling, exchanging, or spending your coins are all taxable events that you need to report. Cryptocurrency and Bitcoin taxes are a tricky field to navigate. Even today, IRS guidance remains quite vague, and many CPAs don’t know how to properly file crypto taxes. However, despite confusing or unclear guidelines, the IRS has made it very clear they want you to report your crypto.
Google Lance Wallach and your advisor. Who do you trust? Contact Lance and his team of experts before it's too late. 516-236-8440 wallachinc@gmail.com

Adams Hooper says:

Bitcoin is the opportunity that every so often shines bright enough to show a future of prosperity and dips low enough to bring in the shallow pocketed dreamer 🙏🏽 every dip is a chance to realize those dreams

Yinhui Liu says:

Hmm..sounds more like an advertisement for the trading platform than sharing thoughts/opinions on bitcoin mkt itself

Keisha Texas says:

I had a slight issue with verification, Bitvest24 demanded a clear picture of my details as opposed to the ones I kept uploading. A tiny bit stressful, but I got it done when I uploaded a crisp clear picture and it got updated right away. That's the only issue I had, and the customer service personnel was very understanding and responsive

Danny Lin says:

Great information, and is there no one gonna say about the fact she is also very pretty

Kin Digital Money says:

Thank you for your video. Market just made a correction, not problem at all. I am a fan of KIN. When we narrow the discussion about best cryptocurrency to invest in now, KIN always stands first especially in this year 2021. According to data from Coin Market Cap, KIN is in the top 2 trending tokens in Americas. This event and development of KIN will shape cryptocurrency market this year 2021. Regarding to legal status, KIN was sued by the SEC for allegedly conducting an ICO in 2017 while being a security, which is illegal. However, now the judge has ruled that KIN is not a security and it “should be free to trade on exchanges.” This lawsuit was the reason why KIN has been an underdog in the crypto world, investors stayed away as there was a significant risk of closure of the project. KIN also decided to stop all marketing efforts in order to combat the SEC. However, now that this is resolved, KIN is the only asset besides Ethereum and Bitcoin that is classified as a non-security commodity. KIN now is well-positioned to become most used cryptocurrency in the world. In December 15th 2020, Kin migrated 55mil unique accounts to Solana network and running on Solana blockchain to scale for mass adoption, with high speed transaction of 65k transactions per second, 400mil blocks times, $0.0001 fee. This is the largest move in the history of crypto. Currently, KIN has more than 50 live apps and over 3mil monthly active spenders. KIN is on the road to global mainstream adoption and evolving to become an industry agnostic blockchain technology standard. Let do your own research to bring prosperity together!.

ratmondC says:

“Digital assets” plural? I thought Bitcoin was the only and ultimate inflation hedge that I’m supposed to put everything into… confused. Do you mean there’s more than one “store of value” possible?

Crypto Legend says:

Nobody talks about lost bitcoins to the dead. Your money goes up in value cause dead people hold onto it. 21 millions coins, 3 millions are already lost, never to be seen again. That leaves 18 million left.

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