c/crypto-news

Well, we already know that Bitcoin isn't 100% anonymous and can be traced. That’s why mixers were invented. Question #1: Do they still work? Are they safe and easy to use? Claude mentioned a few options: Wasabi, Sparrow, and JoinMarket. To get Wasabi working, you have to install it first... Question #2: Isn't Monero a better option? How do I trade Monero? Does it have to be via Bisq? Can that be installed on Tails? One thing that bothers me about the crypto world is that the "solutions" are usually pretty complicated for someone who isn't into security. My mind is 97% occupied with work stuff. I need no-brainer solutions: Receive Bitcoin > Send to a mixer > Retrieve the crypto Or Receive Bitcoin > Buy Monero > Buy Bitcoin > Retrieve crypto... If I have to install or configure complicated things, it immediately puts me off. It can't be things that require me to spend days studying and testing... submitted by /u/No-Price-33 [link] [Kommentare]

So, a direct competitor to Tether? Thoughts? submitted by /u/ocean_protocol [link] [Kommentare]

Let's say, you have 2.5 trillion dollars in the bank while 1 BTC is worth $130k. You can now safely store that money in BTC. But when 1 BTC is worth only $60k you cannot store all of your money in it. => Buy BTC at ATH. It's the best store of value. submitted by /u/jspartanlee [link] [Kommentare]

Hi everyone, I have a question for people following the Bybit Global / Bybit EU changes for EEA residents from July 1. I currently have an active crypto-backed loan on bybit com, not regular margin trading. Does anyone know what will practically happen to existing loans after July 1 for users from Poland / the EEA? I am especially interested in the following: Do existing loans need to be closed/repaid immediately, or can they still be maintained? After July 1, will users still be able to repay the loan manually, for example by selling part of the collateral or using collateral for repayment? Will it still be possible to add collateral, make partial repayments, and manage LTV normally? If the loan needs to be moved elsewhere, what is currently the closest alternative in Europe/EEA — OKX Flexible Loan, or something else? I understand that the official Bybit announcement only says that access to “certain services” on Bybit Global for EEA residents will be progressively limited, and that users will retain access to their assets in order to remediate positions and balances. However, I have not seen a clear loan-specific explanation yet. I would appreciate input from anyone. submitted by /u/TomekGregory [link] [Kommentare]

Won't this need to move your funds out of Binance lead to people being forced to sell their crypto (probably at a loss) or is there a way to just move th crypto balance to another exchange and even if thats possible won't a lot of people just exit crypto. Could this lead to crypto prices crash given the volume of people affected. submitted by /u/No_Thanks2844 [link] [Kommentare]

BTC has just broken its important level of $59K submitted by /u/Nitin_Gupta94 [link] [Kommentare]

Despite all the interesting upgrades and new services that have been built on and around BCH and the use as p2p cash in some pockets of the world it almost looked like someone wanted it out of the top 10 and then top 20. As soon as it hit top 10 the big selling started. submitted by /u/Realistic_Fee_00001 [link] [Kommentare]

Hi all, ​I am seeking technical advice on HMRC's classification regarding crypto trading activity. I am currently employed full-time (£22k/year apprentice) and looking to understand if my strategy would likely be classified as an investment (Capital Gains Tax) or a financial trade (Income Tax) For reference, i programmed this algorithm myself and have not distributed or sold it with no plans to do so, it runs entirely on my computer at home and the script trades a single pair on the Kraken Exchange through their api by creating a grid of buy and sell limit orders around the current price. The ​automation part is that the algorithm is on 24/7 and is set to modify the grid layout hourly by fractional amounts based on price movement. I know about the £3000 CGT allowance, and if the algorithm continues on its current path, it will exceed this allowance, so i want to prepare asap. I turned the code on after the tax year ended, so there's no need to worry about last tax year. After final tests, it has now completed 1 month of running non-stop. ​This is a side-activity, not my primary income. The strategy is simple and could theoretically be executed by hand quite easily, I automated the process as i have experience through my apprenticeship, and it saves me time. In case the activity is relevant, the algorithm does not have a timeframe or specific profit margin on selling the tokens it buys, i may take days or weeks, or it may take minutes or even seconds. ​My Questions: ​HMRC states that "only in exceptional circumstances" would an individual be considered a financial trader. Does the use of an automated algorithm, by its very nature of being "systematic" and "organized," push this into that "exceptional" category? How would I confirm what this is classed as, from what ive seens its a bit of a grey cloud where if they decide youre a financial trader you will pay penalties, interest and be required to pay up the rest. Can i reach out, describe the situation, and get a concrete response? Are there any benefits to being a financial trader over paying cgt? From what I can see, it makes you quite worse off. If i am a financial trader, are there any considerations in reducing my tax liability? ​Are there any precedents or experiences with HMRC classifying high-frequency retail crypto-bot users as traders? ​Beyond the "Badges of Trade" framework, are there specific "red flags" I should avoid to ensure this remains categorized as a personal investment activity, as that means I can use the more tax efficient approach. ​I am looking for community input on whether this setup is defensible as a personal investment or if I should preemptively assume a "trader" tax classification. If i have missed out on any important details, let me know, and I'll add them in right away. Thank you so much for your help. It's quite a while until the next tax year ends, so im looking for community advice and experiences before moving onto potentially discussing this with a professional. submitted by /u/Professional_Ad_4267 [link] [Kommentare]

Dipped under 7c today, nonstop bleed, dips more % wise than everything else. No xmoney integration, Elon stopped shilling. Future looks bleak! submitted by /u/SM- [link] [Kommentare]