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A Texas man, Frank Richard Ahlgren III, was sentenced to two years in prison for filing false tax returns that underreported capital gains from selling bitcoins worth millions. Between 2017 and 2019, Ahlgren failed to report over $4 million in bitcoin sales, leading to a tax loss of more than $1 million.
In 2017, Ahlgren sold 640 #bitcoins for $3.7 million and used the proceeds to purchase a Utah home, but he falsified his tax return by inflating the cost basis of his bitcoins. In 2018 and 2019, he sold additional bitcoins worth over $650,000 and didn’t report these sales at all. To conceal his transactions, Ahlgren moved bitcoins through multiple wallets, used in-person exchanges for cash, and employed "mixers"—tools designed to obscure transaction origins on the blockchain. He had previously blogged about mixers as a way to add anonymity to bitcoin transactions.
This case marks the first criminal tax evasion prosecution focused entirely on cryptocurrency. Ahlgren was also ordered to pay $1,095,031 in restitution and serve one year of supervised release. Authorities emphasized that cryptocurrency transactions are traceable and urged compliance to avoid severe penalties.
#ozuru
In 2017, Ahlgren sold 640 #bitcoins for $3.7 million and used the proceeds to purchase a Utah home, but he falsified his tax return by inflating the cost basis of his bitcoins. In 2018 and 2019, he sold additional bitcoins worth over $650,000 and didn’t report these sales at all. To conceal his transactions, Ahlgren moved bitcoins through multiple wallets, used in-person exchanges for cash, and employed "mixers"—tools designed to obscure transaction origins on the blockchain. He had previously blogged about mixers as a way to add anonymity to bitcoin transactions.
This case marks the first criminal tax evasion prosecution focused entirely on cryptocurrency. Ahlgren was also ordered to pay $1,095,031 in restitution and serve one year of supervised release. Authorities emphasized that cryptocurrency transactions are traceable and urged compliance to avoid severe penalties.
#ozuru
i believe XPR and Bitcoin price is gonna keep going down.
So over 2 hours ago, I sold some bitcoins and XPR when it was at 2.47 and converted the money in USDT to keep safe.
have also bitcoins and XPR in Holding Earnings.
But for now keeping my money safe in USDT since its stablecoin and wont lower nor increase my money.
Anyway, I believe XPR is still gonna go down maybe to 2.30 or lower, since its the weekend and maybe picks up late at night tomorrow or so.
Same for Bitcoins.
《》
so I am waiting for their prices to fall, so I can buy them cheaper and sell back for PROFITS when prices will jump back up for both again
#market #update #xpr #bitcoins #usdt
So over 2 hours ago, I sold some bitcoins and XPR when it was at 2.47 and converted the money in USDT to keep safe.
have also bitcoins and XPR in Holding Earnings.
But for now keeping my money safe in USDT since its stablecoin and wont lower nor increase my money.
Anyway, I believe XPR is still gonna go down maybe to 2.30 or lower, since its the weekend and maybe picks up late at night tomorrow or so.
Same for Bitcoins.
《》
so I am waiting for their prices to fall, so I can buy them cheaper and sell back for PROFITS when prices will jump back up for both again
#market #update #xpr #bitcoins #usdt
i am new.
what bots are good to manually create to make easily without doing any hard work to make around 10 dollars or so profit each day
by spending $10 to $20 for a bot to do the work for you 😆
I also have xpr and bitcoins saved up in Holdings Earning
#MarketExperts #xpr #bitcoins #usdt #bot
what bots are good to manually create to make easily without doing any hard work to make around 10 dollars or so profit each day
by spending $10 to $20 for a bot to do the work for you 😆
I also have xpr and bitcoins saved up in Holdings Earning
#MarketExperts #xpr #bitcoins #usdt #bot
🔥US Government Announces Plans to Dispose of $117 Million in Seized Bitcoin
The US government has filed a notice announcing its intention to dispose of approximately $117 million worth of #bitcoins , which were seized from criminal activities.
In total, the government is seeking to sell about 2,871 #BTC that were confiscated from an individual in 2021. An additional 59 BTC were also reportedly seized under similar circumstances.
Separately, in December last year, a US appeals court finalized an order formalizing the forfeiture of 69,370 BTC connected to the now-defunct darknet marketplace. Market observers are closely watching what happens to these Bitcoins.
👉 Want to keep learning about the crypto world? Share and follow me for more 👈😎
$BTC
The US government has filed a notice announcing its intention to dispose of approximately $117 million worth of #bitcoins , which were seized from criminal activities.
In total, the government is seeking to sell about 2,871 #BTC that were confiscated from an individual in 2021. An additional 59 BTC were also reportedly seized under similar circumstances.
Separately, in December last year, a US appeals court finalized an order formalizing the forfeiture of 69,370 BTC connected to the now-defunct darknet marketplace. Market observers are closely watching what happens to these Bitcoins.
👉 Want to keep learning about the crypto world? Share and follow me for more 👈😎
$BTC
𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟳, 𝟮𝟬𝟮𝟰
🚨🚨 BREAKING: Arkham data reveals that #Terraform 💰 Labs has moved 1,075 #bitcoins to a new address.
🚨🚨 JUST IN : #SEC has charged crypto-focused advisory firm Galois Capital for custody failures.
🚨🚨 JUST IN: Criminals in Ukraine 🇺🇦 pretended to be police officers in order to steal $250,000 worth of #USDT 💰 from an entrepreneur.
🚨🚨 JUST IN: #HyperSpace xyz to close down its #Solana💰 #NFT Marketplace on September 17th, along with discontinuing support for Solana APIs on the same date.
🔥 NEW: Venezuelan President Nicolas Maduro says "we have to get back" to the world of #crypto .🥇
🚨🚨 BREAKING: Arkham data reveals that #Terraform 💰 Labs has moved 1,075 #bitcoins to a new address.
🚨🚨 JUST IN : #SEC has charged crypto-focused advisory firm Galois Capital for custody failures.
🚨🚨 JUST IN: Criminals in Ukraine 🇺🇦 pretended to be police officers in order to steal $250,000 worth of #USDT 💰 from an entrepreneur.
🚨🚨 JUST IN: #HyperSpace xyz to close down its #Solana💰 #NFT Marketplace on September 17th, along with discontinuing support for Solana APIs on the same date.
🔥 NEW: Venezuelan President Nicolas Maduro says "we have to get back" to the world of #crypto .🥇
Can Bitcoin Reach $90,000? An In-Depth Market Analysis
With Bitcoin's current high price, this article explores whether Bitcoin could reach $90,000 and the potential market implications behind this possibility.
Bitcoin's value has been soaring recently, and it has become a topic of significant discussion among investors and analysts. With Bitcoin’s price reaching new heights, the question arises: Could Bitcoin reach $90,000? In this article, we will explore the potential for Bitcoin’s price surge, the factors driving its growth, and the risks involved.
The Current Situation of Bitcoin
Bitcoin's price has been on a rapid rise, primarily due to growing demand and increasing institutional interest. The cryptocurrency is now widely seen as 'digital gold' due to its limited supply and increasing acceptance worldwide.
Why Bitcoin Could Reach $90,000
1. Limited Supply and Increased Demand
Bitcoin's supply is capped at 21 million coins, and the rate at which new coins are mined is decreasing. As a result, the limited supply combined with growing demand makes it highly likely that Bitcoin’s price will continue to rise, potentially reaching $90,000 in the future.
2. Institutional Investment
Big institutions are now entering the Bitcoin market, which significantly contributes to its price growth. Institutional investment brings credibility, stability, and larger liquidity to the market, which increases the likelihood of Bitcoin hitting $90,000.
3. Economic Uncertainty and Inflation
Given the current global economic situation, Bitcoin is increasingly being viewed as a hedge against inflation and economic instability. Many investors are turning to Bitcoin as a store of value, similar to gold, which could drive its price even higher.
Risks and Challenges
While the possibility of Bitcoin reaching $90,000 is intriguing, it also comes with considerable risks. High prices often attract more speculative investors, leading to increased volatility. Additionally, government regulations and crackdowns in various countries could impact the price of Bitcoin and prevent it from reaching such a high value.
Bitcoin's Future Potential
Although the potential for Bitcoin to hit $90,000 exists, it will depend on the overall market conditions, global economic stability, and continued investor confidence. If the current pace of adoption and market growth continues, reaching $90,000 might not be far-fetched.
Conclusion
Reaching $90,000 is within the realm of possibility for Bitcoin, but it is not without risks. Investors must weigh the benefits and risks carefully before making any decisions. Market trends, regulatory changes, and global financial conditions will play a critical role in determining whether Bitcoin can reach such a high value in the future.
#btc #bitcoins #btcprice #btc90k $BTC
Bitcoin's value has been soaring recently, and it has become a topic of significant discussion among investors and analysts. With Bitcoin’s price reaching new heights, the question arises: Could Bitcoin reach $90,000? In this article, we will explore the potential for Bitcoin’s price surge, the factors driving its growth, and the risks involved.
The Current Situation of Bitcoin
Bitcoin's price has been on a rapid rise, primarily due to growing demand and increasing institutional interest. The cryptocurrency is now widely seen as 'digital gold' due to its limited supply and increasing acceptance worldwide.
Why Bitcoin Could Reach $90,000
1. Limited Supply and Increased Demand
Bitcoin's supply is capped at 21 million coins, and the rate at which new coins are mined is decreasing. As a result, the limited supply combined with growing demand makes it highly likely that Bitcoin’s price will continue to rise, potentially reaching $90,000 in the future.
2. Institutional Investment
Big institutions are now entering the Bitcoin market, which significantly contributes to its price growth. Institutional investment brings credibility, stability, and larger liquidity to the market, which increases the likelihood of Bitcoin hitting $90,000.
3. Economic Uncertainty and Inflation
Given the current global economic situation, Bitcoin is increasingly being viewed as a hedge against inflation and economic instability. Many investors are turning to Bitcoin as a store of value, similar to gold, which could drive its price even higher.
Risks and Challenges
While the possibility of Bitcoin reaching $90,000 is intriguing, it also comes with considerable risks. High prices often attract more speculative investors, leading to increased volatility. Additionally, government regulations and crackdowns in various countries could impact the price of Bitcoin and prevent it from reaching such a high value.
Bitcoin's Future Potential
Although the potential for Bitcoin to hit $90,000 exists, it will depend on the overall market conditions, global economic stability, and continued investor confidence. If the current pace of adoption and market growth continues, reaching $90,000 might not be far-fetched.
Conclusion
Reaching $90,000 is within the realm of possibility for Bitcoin, but it is not without risks. Investors must weigh the benefits and risks carefully before making any decisions. Market trends, regulatory changes, and global financial conditions will play a critical role in determining whether Bitcoin can reach such a high value in the future.
#btc #bitcoins #btcprice #btc90k $BTC
#bitcoins #ETH #Memecoins market cap chart showing during march and starting of April low 2.3T high 2.7T and now 2.5T 🤔what you think 🧐 in or out 2.5 T down more ⬇️or up more ⬆️
-I only hope to always movement between 2.4T to 2.7T at least thereafter growth up ie 2.7T become low and new top cap become high if April show the movement change to highest cap 2.3T and down it’s clear signal to exit the market for timing .
-I only hope to always movement between 2.4T to 2.7T at least thereafter growth up ie 2.7T become low and new top cap become high if April show the movement change to highest cap 2.3T and down it’s clear signal to exit the market for timing .
Stop trying to figure out if BTC will reach $100k this year.
It’s useless.
Every single year, people debate this topic.
Let me tell you the real answer.
Does it even matter?
No, actually, think about it.
Whether it reaches $100k this year or in 2025,
Will it matter?
The only thing in between is time.
It’s just a bullshit hype for impatient people.
Don’t get carried away.
And yes, $BTC will reach $100k this year.
#BTC🔥🔥🔥🔥🔥 #bitcoins #atif2414
Disclaimer: Includes third-party opinions. No financial advice.
It’s useless.
Every single year, people debate this topic.
Let me tell you the real answer.
Does it even matter?
No, actually, think about it.
Whether it reaches $100k this year or in 2025,
Will it matter?
The only thing in between is time.
It’s just a bullshit hype for impatient people.
Don’t get carried away.
And yes, $BTC will reach $100k this year.
#BTC🔥🔥🔥🔥🔥 #bitcoins #atif2414
Disclaimer: Includes third-party opinions. No financial advice.
See original
Galaxy Digital top manager: BTC rate could reach $150,000 after recent pullback
Jason Urban, head of global trading at crypto investment firm Galaxy Digital, said in an interview with CNBC that Bitcoin could reach $125,000. The expert also hopes that the asset will rise to $150,000 after some time is needed to regain momentum after the recent pullback.
CNBC Interview
#bitcoins #Bitcoin #BTC.😉. #HotTrends #news
$BTC
Jason Urban, head of global trading at crypto investment firm Galaxy Digital, said in an interview with CNBC that Bitcoin could reach $125,000. The expert also hopes that the asset will rise to $150,000 after some time is needed to regain momentum after the recent pullback.
CNBC Interview
#bitcoins #Bitcoin #BTC.😉. #HotTrends #news
$BTC
🇨🇭Major Swiss newspaper reports on the halving with the headline, "Number of #bitcoins will Double" 🤦♂️
#HalvingComingSoon #BullorBear #newsdaily
#HalvingComingSoon #BullorBear #newsdaily
🔴🔴 BIGGEST REASON for MARKET DECLINE today 🔥 🥵
I just read news that the German government sold over 10,000 #bitcoins this month, causing a market decline. They've been selling off, and coupled with negative news about Mentougou's repayment, it seems odd.
$IO is a Gem or not let's discuss about IO
👉 Exciting Times for #IOInternetofGPUs 🎉
Following the successful Initial Coin Offering (TGE) on the Binance Launchpool on June 11, 2024, io.net is set for a bright future! 🌟 With its decentralized GPU cloud, io.net connects GPUs from independent data centers, crypto miners, and gamers to tackle GPU-intensive tasks, addressing the global GPU shortage. 📈
The $IO token, now listed on Binance, acts as the governance and utility token for the platform. This year, io.net will launch IO restaking to further enhance network quality and empower token holders. 💪
io.net’s vast network, boasting over 200,000 verified GPUs, including 20,000 enterprise-grade AI cards, makes it the largest in the crypto world. 🚀 This network supports AI companies, graphic rendering applications, games, and more, utilizing state-of-the-art clustering technology for AI training and inference. 🤖
The platform’s strong community is evident from the Ignition Rewards program, which has seen over 1 million wallet addresses receiving IO rewards. 🏆 The ecosystem’s growth includes innovative projects in compute tokenization, DePIN full stack, and DePIN-Fi. 🌐
🔮 The future holds immense potential for io.net and the io token as they continue to revolutionize the decentralized infrastructure (DePIN) track. Don’t miss out on this groundbreaking journey! 🌍
I just read news that the German government sold over 10,000 #bitcoins this month, causing a market decline. They've been selling off, and coupled with negative news about Mentougou's repayment, it seems odd.
$IO is a Gem or not let's discuss about IO
👉 Exciting Times for #IOInternetofGPUs 🎉
Following the successful Initial Coin Offering (TGE) on the Binance Launchpool on June 11, 2024, io.net is set for a bright future! 🌟 With its decentralized GPU cloud, io.net connects GPUs from independent data centers, crypto miners, and gamers to tackle GPU-intensive tasks, addressing the global GPU shortage. 📈
The $IO token, now listed on Binance, acts as the governance and utility token for the platform. This year, io.net will launch IO restaking to further enhance network quality and empower token holders. 💪
io.net’s vast network, boasting over 200,000 verified GPUs, including 20,000 enterprise-grade AI cards, makes it the largest in the crypto world. 🚀 This network supports AI companies, graphic rendering applications, games, and more, utilizing state-of-the-art clustering technology for AI training and inference. 🤖
The platform’s strong community is evident from the Ignition Rewards program, which has seen over 1 million wallet addresses receiving IO rewards. 🏆 The ecosystem’s growth includes innovative projects in compute tokenization, DePIN full stack, and DePIN-Fi. 🌐
🔮 The future holds immense potential for io.net and the io token as they continue to revolutionize the decentralized infrastructure (DePIN) track. Don’t miss out on this groundbreaking journey! 🌍
The German government holds a total of about 40,000 #bitcoins about 2.5 billion US dollars.
Expecting more Sales Today and price may fall to 52k.
Stay Away from Futures.
#MtGoxJulyRepayments #SOFR_Spike #US_Job_Market_Slowdown
$BTC $ETH $SOL
Expecting more Sales Today and price may fall to 52k.
Stay Away from Futures.
#MtGoxJulyRepayments #SOFR_Spike #US_Job_Market_Slowdown
$BTC $ETH $SOL