Bitcoin Press Releases Archive

Deduct Crypto Trading Losses From Taxes with Cointracking

For anyone who bought Bitcoin and other cryptocurrencies when their prices were high, there’s a silver lining around the gray state of crypto markets now. Any losses taken could place traders in a lower tax bracket. What’s more, claiming those losses is made easy with Cointracking. 

Crypto Taxes 101: How Does it Work?

For the purposes of taxation, the US and most other governments consider cryptocurrencies to be assets. This means that whenever cryptocurrency is traded, the transaction falls into one of two categories: a capital gain or a capital loss. 

  • Capital gain. A capital gain occurs when cryptocurrency is sold for more than the amount that you paid to purchase it.
  • Capital loss. If cryptocurrency is sold for less than the amount that it was paid for it, this is considered to be a capital loss.

Traders have to sell or buy an asset to trigger a taxable gain or loss. Once the move has been decided, tax authorities consider the loss to be “realized.” If the loss is great enough, the trader may be able to use it to enter a lower tax bracket.

Deducting Crypto Losses 

One of the biggest benefits of claiming a loss is that it can offset income gained from other sources. In the US, the IRS lets the public deduct up to $3,000 worth of net capital losses each year from the amount of money they earn through their job. If the amount lost was greater than $3,000, another deduction of up to $3,000 can be applied to an annual tax return. 

Individuals who earn over $50,000 at their job could find that a $3,000 cryptocurrency loss could place them in a lower tax bracket, and result in thousands of dollars of tax savings. Additionally, any income through stocks or the sale of property, is not subject to a deduction limit. 

Making Life Easier 

Calculating losses when it comes to cryptocurrency can be a headache at the best of times, due to the volatile nature of these assets ‘value’. Fortunately, there is software available that can crunch all the tax data required to make this process much easier. 

The CoinTracking.info tool can import all transactions from any cryptocurrency wallet or exchanges. The intuitive interface walks the user through how to do the imports. At the end of the import process, users can download IRS form 8949, which will do all that is needed by the user to report any losses. Other download options include CSV, TaxACT and TurboTax

The great news here is that anyone who has lost money in the crypto market is now eligible to offset some, (or perhaps even all) of those losses at the end of the tax year. Reporting capital losses might help users move to a lower tax bracket. If deductions qualify our users for a lower bracket, filing them could save thousands of dollars when it comes to the form submission phase. 

Visit CoinTracking.info for more information.

Cointracking is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

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CoinJanitor Buys Deadcoins & Announces 1 Million Sat Giveaway Away to Say Thanks!

Bitcoin Press Release: Coinjanitor have released details of their 1,000,000 SAT giveaway as part of its 2nd birthday.

 

24th June, 2020, Nicosia, Cyprus: It is hard to think about how many deadcoins there are out there. So many projects have failed or have been abandoned that the number of users who got stuck with those bags is unfathomable. This is a drag on the crypto space as a whole, but not for long. CoinJanitor came to the space 2 years ago as the first project of its kind.

This project is all about cleaning up crypto and giving all these users who are stuck another chance.CoinJanitor is the first project to absorb multiple deadcoins and is growing steadily after its first 2 years of operations. To celebrate this feat and get everyone in crypto excited about the project, the team also decided to launch a 1 million Sats worth of Bitcoin giveaway.

A Little Background About CoinJanitor

This Bitcoin giveaway supports CoinJanitor’s view that value should keep on migrating to top ranked cryptocurrencies. The team believes it has found the formula to contribute to this movement:

  • Most people in the space think about price; CoinJanitor focuses on value
  • Deadcoins still have value locked in them – all the assets like social media channels, code, and users
  • If it is possible to onboard deadcoin users while buying out deadcoin assets, the value can be unlocked
  • As CoinJanitor accumulates more assets and users it gains scale
  • Its community members benefit directly from the use of these assets
  • The cryptocurrency market enjoys a positive externality – from deadcoin users who now have a convertible token instead of a delisted bag of coins

How to Participate in the CoinJanitor Bitcoin Giveaway?

Supporting this project is easy. There are a few ways of doing so, but none better than signing up for CoinJanitor’s Bitcoin giveaway. It is all about helping the team get the word out and reach more deadcoin holders or abandoned project developers.

Since this has been the toughest obstacle the CoinJanitor team has faced in its journey to the deadcoin buyouts it now has under its belt, getting more people to know the project and understand how it will become the de facto mechanism to recycle value in crypto is the best way to celebrate this 2 year anniversary.

CoinJanitor’s Bitcoin Giveaway Rules

Participating in this giveaway is easy. Regardless of whether they are members of the CoinJanitor community or not, users just have to:

  • Join the CoinJanitor newsletter to get one raffle point
  • Share CoinJanitor messages on social media to get more raffle points 

When users signup they are competing for one of the following prizes:

  • 1 million Satoshis for the winner
  • 2,000 JAN tokens for the runner up
  • 1,000 JAN tokens for third place

The winners will be chosen at random and in the meantime users will be able to sign up and accumulate as many raffle points as possible

Sign Up & Follow CoinJanitor

So, just go ahead. Sign up and follow CoinJanitor’s effort to clean up the crypto space for the benefit of anyone involved. Users can reach CoinJanitor, sign up, keep up with its progress and share its updates through social channels like telegram or twitter or by visiting https://coinjanitor.io

CoinJanitor is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

 

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Crypto Press Release Service Bitcoin PR Buzz Are Offering a Free Consultation and $500 Press Release

Bitcoin Press Release: The industry’s first Blockchain PR agency and crypto press release distribution service, Bitcoin PR Buzz offers a free consultation and $500 press release to aid the community in wake of the Covid-19 pandemic.



June 23rd, 2020, Tbilisi, Georgia – Founded in 2012, Bitcoin PR Buzz has a long-standing reputation in the cryptocurrency sphere and is now looking to offer its expertise as a PR agency and press release distribution service. The Covid-19 pandemic continues to affect businesses worldwide and many companies have not been able to adapt their PR plans to the new circumstances which may have long-lasting effects. Blockchain based companies and projects are now welcome to a one-hour free marketing consultation and a free press release publication on over 45 sites, worth $500

Alex Thurston, CEO of Bitcoin PR Buzz explains,

“It has been a difficult year for the world, with the largest pandemic in our lifetime. We are sad to see the unprecedented consequences that are wreaking havoc on the global market. We are now looking to help the cryptocurrency community through this crisis in any way we can, the same community that has supported us for the past 8 years.”


All blockchain based projects, whether it be start-ups looking to enter the market or established companies looking to increase reach, user base or traffic, can take advantage of this free service to gain the most effective strategy to connect with users, followers and investors. An experienced PR consultant specialised in the cryptocurrency industry will conduct an exclusive and extensive, one-hour PR and marketing consultation; completely free of charge. The free offer includes: 

  • A full analysis of the company’s website, social media, and web presence for improvement points before the meeting is held, with suggestions and strategies advised during the meeting.
  • Competitive advantage through analysis of main competitor’s strategies to help the company stay ahead of the curve.
  • Re-strategizing of PR methodology to suit individual organizational requirements and budget, whilst obtaining maximum impact.
  • A PDF summary of the call with action points and a discount for future services. 
  • Publication of the company’s pre-written press release on Bitcoin PR Buzz and BitcoinNews.
  • Publication on 45+ additional news sites in Bitcoin PR Buzz’ network. 


Speaking on the importance of PR, Alex continued;

A well-crafted and adapted PR strategy is vital to survive and even thrive in difficult circumstances. We are hoping that this free PR strategy consultation and press release will help companies to expand their reach and influence.”


Get your free consultation & $500 distribution today by filling in this 2 minute form.

About Bitcoin PR Buzz

Founded during Bitcoin’s infancy by Bitcoin enthusiasts; Bitcoin PR Buzz is the original Bitcoin PR agency, and the oldest newswire in the blockchain sector with over 8 years’ experience in cryptocurrency PR and online Bitcoin marketing. Bitcoin PR Buzz has since worked with over 800 clients and distributed over 1400 press releases and articles.

With a network of 200+ mainstream and cryptocurrency news sites, Bitcoin PR Buzz newswire service include guaranteed publication on Coin Telegraph, Investing.com, NewsBTC.com, Bitcoinist.com, Bitcoin.com, Hackernoon.com, BitcoinNews.com, CCN.com, Coin Idol, Yahoo Finance, MarketWatch, Business Insider and many more. Launch a full content marketing campaign today.


Media Contact Details

Contact Name: Alex Thurston, CEO

Contact Emailalex.t@bitcoinprbuzz.com 

Contact Telegram: @alex_t_bprb 


Disclaimer: Bitcoin PR Buzz is the source of this content. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. All consultations are for informational purposes only, businesses’ decision to act on advice is theirs alone. There are no guarantees regarding results or increase in revenue. 

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Crypto Experts Reveal Thoughts: How will Bitcoin Perform after the COVID-19 Crisis has Passed?

Bitcoin Press Release: To educate Crypto-enthusiasts and prepare them for upcoming market conditions, a group of well-respected crypto experts have expressed their thoughts on the recent COVID-19 crisis, and its effect on the global crypto markets.

 

19th June 2020, London, United Kingdom: The COVID-19 pandemic has had an unprecedented impact on our daily lives, our ability to interact and our financial structures and security. Blockchain technology has been around for over a decade, and there are now thousands of projects that seek to utilize its limitless potential to solve some of the world’s most pressing issues. 

 

Coin Journal has assembled a veteran team of experts in the field of cryptocurrency and financial technology, to gain some valuable insights into what the world may look like after the COVID-19 pandemic has passed. Globally, we can only hope that containment of this danger is now within our grasp, but we can only speculate to the long-term impact that it will leave in its wake.

 

Heavyweight Opinion 

The panel is headed by Yoni Assia, the CEO of the world’s largest social investment network, eToro. Yoni also brought his market analyst and renowned crypto expert, Simon Peters to the table. The next to join the team, Ciara Sun, is currently employed as the Head of Global Markets at Huobi Group, a global blockchain financial asset service provider.  The panel also has the founder of virtual currency platform, Coincurve, and CEO of Interlapse, Wayne Chen. Finally, the panel would not be complete without the 15-year veteran of Wall Street technology and CEO of BSV blockchain service provider, TAAL; Mr Jerry Chan.

 

They discuss the potential effects of unlimited quantitative easing, the need for a Universal Basic Income (UBI), and how blockchain technology can be a tool for research teams to interact with transparency on a global scale. The team reveal evidence that shows how cryptocurrency stands resilient against the economic downturn caused by social distancing measures and the closure of businesses that have succumbed to the strain. 

 

Article Excerpts

Speaking exclusively to Coin Journal on the idea of Bitcoin as a ‘safe haven’ asset, eToro CEO Yoni Assia noted that crypto and fiat markets moved in tandem at the start of the COVID-19 panic. Market Analyst Simon Peters then noted a shift, which he describes below:

“Interestingly, this is backed-up by eToro’s platform data, which shows a 77% increase in new registrants whose first action was to invest in Bitcoin. As the price of Bitcoin is travelling in the same direction as gold, you could argue investors view it as a safe haven asset.” 

 

Other areas of the article speak about the survival of market segments, and the implementation of blockchain technology, especially across supply chains. TAAL CEO Jerry Chan had thoughts relating to limiting the spread of COVID-19 using blockchain technology:

“Pharmaceutical companies have realised the potential application of a scalable version of Bitcoin blockchain, which can be used to track COVID-19 testing and vaccination records, cross-state and cross-borders, in a way which could be used to corroborate or validate statistics submitted to global health organisations.”

 

The full interview is exclusive to Coin Journal, and interested readers can find the full article containing the detailed discussion of the expert panel here: https://coinjournal.net/news/how-will-bitcoin-perform-after-the-covid-19-crisis-has-passed/

 

Media Contact Details

Contact Name: Chris Roper,
Contact Role: Senior Cryptocurrency Editor,  Investoo Group

 

Investoo Group is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

 

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

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Ocean Protocol Token OCEAN Trades on Bittrex International Today

Bitcoin Press Release: OCEAN Token, the native digital currency of the Ocean Protocol network, begins trading on Bittrex International today after raising $6 million in an IEO

May 3rd 2019, Singapore Ocean Protocol (CURRENCY: OCEAN) will begin trading on Bittrex International today (May 3) at 19:00 CEST / 17:00 UTC. The Initial Exchange Offering (IEO) started on April 30 with 56.4 million tokens up on offer. The IEO will end today 18:00 CEST / 16:00 UTC. OCEAN tokens will be unlocked two hours before listing on Bittrex International.

 

Ocean Protocol is the world’s first general purpose data sharing platform powered by blockchain technology with a mission to provide safe, privacy-preserving and borderless data sharing to unlock the Data Economy. It is a decentralized platform that enables anyone to build data services, AI services and marketplaces on top, connecting individuals, industries, startups, governments, academia, and data and AI experts.

The Ocean Vision

OCEAN Token is the native digital currency that will be used in the Ocean Protocol network and ecosystem. All data exchanges and services rendered in the ecosystem will be processed, transacted with, or fueled by OCEAN.




“It is rewarding to see the community get behind our vision for a new Data Economy and believing in Ocean Protocol. We are grateful to the 8,000 supporters from all our fundraising rounds who backed the project.said Bruce Pon, founder of Ocean Protocol.

The Ocean Protocol team will continue to deliver software and network updates over the next two years, with five phases planned, each providing more sophisticated features, incentives and enhanced performance.”

To support and start this new data economy, Ocean Protocol has partnered with industry incumbents and startups to demonstrate how the safe sharing of data can help advance industries and improve people’s well-being. In the Insurance sector, Aviva and ConnectedLife are applying data analytics and artificial intelligence on smart home data to enhance the protection and care for the ageing population and support independent living; while in Healthcare, Roche Diagnostics is exploring ways to improve care for patients on blood-thinning therapy. In Retail, Next Billion is piloting a new data sharing model that rewards rural store owners for contributing sales data. In the academic space, Ocean Protocol is collaborating with AI Singapore to drive innovative programmes that empower AI talents to conduct advanced research and bring it to practice.

To register a Bittrex International account, go to https://international.bittrex.com

About Ocean Protocol

Ocean Protocol is a decentralized data exchange protocol to unlock data for AI. Through blockchain technology, smart contracts, and tokens, Ocean Protocol connects data providers and consumers, allowing data to be shared while guaranteeing traceability, transparency, and trust for all stakeholders involved. It allows data owners to give value to and have control over their data assets without being locked-in to any single marketplace. By bringing together decentralized blockchain technology, a data sharing framework, and an ecosystem for data and related services, Ocean Protocol is committed to kick-starting a new Data Economy that touches every single person, company and device, giving power back to data owners, enabling people to reap value from data to better our world. Visit oceanprotocol.com to find out more.

About Bittrex International  

Bittrex International operates a secure, reliable and advanced digital asset platform built on Bittrex’s cutting-edge trading technology. Our mission is to be a driving force in the blockchain revolution, increasing adoption of this innovative technology around the world. This international trading platform operates within the regulatory framework established by the European Union and Maltese Government, including the Malta Virtual Financial Assets Act. The company will apply to the Malta Financial Services Authority to become a regulated Virtual Financial Asset exchange. Learn more at https://International.Bittrex.com.

For more information, visit the website: www.oceanprotocol.com

Join the conversation on Twitter: https://twitter.com/oceanprotocol

Chat on Telegram: https://t.me/joinchat/GUyxrE0Hi154D0NrlOqLFg

Connect on Linkedin: https://www.linkedin.com/company/13429589/

Check out the Ocean blog: https://blog.oceanprotocol.com/

Media Contact Details

Contact Name: Patty Lee

Contact Email: patty@oceanprotocol.com

Ocean Protocol is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

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ImmVRse’s IMVR Listed on DDEX – An Advanced Decentralised Exchange

ImmVRse Press Release

Bitcoin Press Release: ImmVRse Token (Symbol: IMVR), the ERC20 utility token for VR professionals has been listed on DDEX, one of the top five decentralised exchanges in the world. Industry-leading decentralized exchange DDEX offers IMVR traders instant and real-time on-chain settlement on the decentralised platform.

October 2nd, 2018, London UK – Following a token sale conducted between July and September, the VR marketplace platform, ImmVRse, with a combined social media following of 48000 across various channels is progressing towards transforming IMVR into a truly global utility token. The aim of the ERC20 token is to be used as a utility token for ImmVRse DApp, and any other application that will be built within the ImmVRse ecosystem. To celebrate listing of IMVR on DDEX, the exchange has announced a trading competition.

The trading will run from 15:00 September 25, 2018 to 15:00 October 7, 2018 (GMT + 08:00). A total of 400,000 IMVR will be distributed in rewards. More information is available here.

Users can trade via this link: https://ddex.io/trade/IMVR-WETH

Farabi Shayor, CEO at ImmVRse said,

“We would like deliver the amazing crypto community with multiple options to join and cooperate with us in the development of disruptive platforms that we aim to develop. DDEX provides an exceptional platform and prospect for current and upcoming IMVR traders to trade using a next-generation and cutting-edge user interface.”

With an aim to target the global market, IMVR will be listed on more DEX and traditional exchanges in the coming months. ImmVRse will also announce further giveaway and trading competitions within the next few weeks.

About DDEX

Using Ethereum smart contracts and the 0x protocol, DDEX allows users to trade digital assets directly from wallet-to-wallet. Built on hydro protocol technology, DDEX is one of the top decentralized exchanges by both total number of transactions and trading volume.

About ImmVRse

ImmVRse is a decentralised VR content sharing platform that will aim to offer creators of the content, VR brands, and advertisers a chance to get the product or service out into the public space. The ImmVRse DApp will work as a smart-contract based marketplace for VR professionals. The platform will have its very own native token, the ImmVRse token (IMVR), which will be used as the form of payment between all parties within the ecosystem.

To learn more visit the Website: https://immvr.se/
Meet the Team: https://immvr.se/team/
Chat with us: https://t.me/immvrse/
Read the full Whitepaper: https://immvr.se/whitepaper/
Connect on Facebook: https://facebook.com/immvrse
Connect on Twitter: https://twitter.com/immvrseUK
Trade on DDEX: https://ddex.io/trade/IMVR-WETH

Media Contact
Contact Name: Farabi Shayor
Contact Email: protocol@immvr.se

ImmVrse is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz -Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR

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