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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
TockinBuckin:
Short hard pushing it to the trough like 2021.
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
Varan44:
попробуй Dca на
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Here is some current news about bitcoin $BTC that I found on the web:
- According to data analysis, bitcoin could reach $40,000 if it maintains a positive futures premium and breaks the $34,000 resistance. The article cites several indicators that suggest that the market is healthy and that there is strong demand for the cryptocurrency.
- Bitcoin and the main cryptocurrencies in the market performed well today, November 7, 2023. Bitcoin rose 2.8% in the last 24 hours and is trading at (USD 34,645.5). Other cryptocurrencies such as #Ethereum , Binance Coin, and #Cardano also recorded gains.
- Bitcoin is leading the current wave of cryptocurrencies, as its prices grew by more than 27% in October. The article mentions some factors that drove the rise, such as institutional adoption, technological innovation and supply shortages. It also highlights the potential of other cryptocurrencies such as Polkadot and InQubeta, which could see growth of (1,280%) in the future.
#bitcoins #btc #BTC🔥🔥 $ETH $BNB
- According to data analysis, bitcoin could reach $40,000 if it maintains a positive futures premium and breaks the $34,000 resistance. The article cites several indicators that suggest that the market is healthy and that there is strong demand for the cryptocurrency.
- Bitcoin and the main cryptocurrencies in the market performed well today, November 7, 2023. Bitcoin rose 2.8% in the last 24 hours and is trading at (USD 34,645.5). Other cryptocurrencies such as #Ethereum , Binance Coin, and #Cardano also recorded gains.
- Bitcoin is leading the current wave of cryptocurrencies, as its prices grew by more than 27% in October. The article mentions some factors that drove the rise, such as institutional adoption, technological innovation and supply shortages. It also highlights the potential of other cryptocurrencies such as Polkadot and InQubeta, which could see growth of (1,280%) in the future.
#bitcoins #btc #BTC🔥🔥 $ETH $BNB
ITS looking like #SATOSHINAKAMOTO might be doing a comeback in #BTC 🤔because in the last couple of days 27 #bitcoins are transferred to this account and 50 bitcoins are mined 👽🤓 something is going wrong out they're
#BTCETFSPOT #btc #ethereum
#BTCETFSPOT #btc #ethereum
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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
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Robert Kiyosaki named the reason for his love for Bitcoin
Robert Kiyosaki believes that oil and other minerals have a similar problem. The situation with Bitcoin is completely different, the entrepreneur emphasizes: no matter how much the value of digital gold increases, its issue is limited to 21 million coins. The businessman said that this is why he loves Bitcoin more than all other assets.
The writer called for purchasing the first cryptocurrency, like gold and silver, considering all three assets the most profitable instruments for investment, as well as protection against inflation and market manipulation.
Earlier, an investor, entrepreneur, and author of the book “Rich Dad Poor Dad” said that Bitcoin would rise in price to $300,000 by the end of the year.
#Bitcoin #BTC.😉. #bitcoins #HotTrends #CryptoNews
$BTC
Robert Kiyosaki believes that oil and other minerals have a similar problem. The situation with Bitcoin is completely different, the entrepreneur emphasizes: no matter how much the value of digital gold increases, its issue is limited to 21 million coins. The businessman said that this is why he loves Bitcoin more than all other assets.
The writer called for purchasing the first cryptocurrency, like gold and silver, considering all three assets the most profitable instruments for investment, as well as protection against inflation and market manipulation.
Earlier, an investor, entrepreneur, and author of the book “Rich Dad Poor Dad” said that Bitcoin would rise in price to $300,000 by the end of the year.
#Bitcoin #BTC.😉. #bitcoins #HotTrends #CryptoNews
$BTC
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
Let's Remind $BTC History
Let's revisit a legendary tale from the early days of Bitcoin that still resonates today. Back in 2010, Laszlo Hanyecz made history by exchanging a staggering 10,000 #bitcoins for two pizzas, marking the first documented transaction using cryptocurrency for real-world goods. This event, celebrated annually on May 22 as "Bitcoin Pizza Day," symbolizes the beginnings of Bitcoin and its remarkable journey since.
Since that fateful transaction, Laszlo Hanyecz has remained active in the programming and technology fields. His expertise in Bitcoin mining and blockchain technology has garnered attention, likely resulting in numerous job offers within the industry. Despite the bitcoins he spent now being valued at hundreds of millions of dollars, Laszlo maintains no regrets, viewing the pizza purchase as a crucial demonstration of Bitcoin's practical use in transactions.
Today, Laszlo continues to participate actively in the crypto community, possibly still holding Bitcoin assets. He frequently shares insights and experiences at Bitcoin conventions, events, and podcasts, reflecting on the evolution of cryptocurrency and its impact on global finance. His story underscores the early adopters' belief in Bitcoin's potential and serves as an inspirational reminder of the technology's transformative power in the world of finance and beyond.
#Bitcoin❗ #EarlyInvestment #IntroToCopytrading #CPIAlert
$BTC
Let's revisit a legendary tale from the early days of Bitcoin that still resonates today. Back in 2010, Laszlo Hanyecz made history by exchanging a staggering 10,000 #bitcoins for two pizzas, marking the first documented transaction using cryptocurrency for real-world goods. This event, celebrated annually on May 22 as "Bitcoin Pizza Day," symbolizes the beginnings of Bitcoin and its remarkable journey since.
Since that fateful transaction, Laszlo Hanyecz has remained active in the programming and technology fields. His expertise in Bitcoin mining and blockchain technology has garnered attention, likely resulting in numerous job offers within the industry. Despite the bitcoins he spent now being valued at hundreds of millions of dollars, Laszlo maintains no regrets, viewing the pizza purchase as a crucial demonstration of Bitcoin's practical use in transactions.
Today, Laszlo continues to participate actively in the crypto community, possibly still holding Bitcoin assets. He frequently shares insights and experiences at Bitcoin conventions, events, and podcasts, reflecting on the evolution of cryptocurrency and its impact on global finance. His story underscores the early adopters' belief in Bitcoin's potential and serves as an inspirational reminder of the technology's transformative power in the world of finance and beyond.
#Bitcoin❗ #EarlyInvestment #IntroToCopytrading #CPIAlert
$BTC
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Quick Summary: Bitcoin Ecosystem Protocols
#bitcoins Blockchain, #Lightningnetwork Network, #Nostr , #NostrAssets Protocol, and #TaprootAssets Protocol may seem like a complex chain of terms, confusing their differences. Don't worry, as the purpose of this article is to help you quickly and thoroughly understand these concepts.
#BitcoinBlockchain
What is the Bitcoin blockchain?
Bitcoin is a cryptocurrency based on blockchain technology. Created in 2008, Bitcoin functions as a peer-to-peer electronic money system using P2P networks, encryption, timestamps, and blockchain technologies. The blockchain is a distributed public ledger that contains the history of all Bitcoin transactions.
#BitcoinBlockchain
What is the Bitcoin blockchain?
Bitcoin is a cryptocurrency based on blockchain technology. Created in 2008, Bitcoin functions as a peer-to-peer electronic money system using P2P networks, encryption, timestamps, and blockchain technologies. The blockchain is a distributed public ledger that contains the history of all Bitcoin transactions.
#CryptoMarketMoves there is a panic selling in maket , whales are often selling their large holdings leaving poors behind but Bitcoin has a very strong support at level 55 to 56 k so in my ( opinion ) this is the most perfect moment to full your bags and then wait for boom #bitcoins #desibitcoins #TON $BTC $ETH ⚠️⚠️
𝗝𝘂𝗻𝗲 𝟮𝟰, 𝟮𝟬𝟮𝟰
👉 JUST IN: Brazilian soccer legend Ronaldinho says "Time for crypto to go mainstream, who’s with me?" 👀
👉Andrew Kang, co-founder of Mechanism Capital, warns that Ethereum🔵 could drop to $2,400 after the launch of a spot ETF.
South Korea Think Tank's Warning on Bitcoin💰 Spot ETFs.
👉A South Korean financial institution warns that introducing #bitcoin spot ETFs could harm the country's economy by causing inefficient resource allocation and increased risks in financial markets.
👉QCP Capital: Miner’s Selling Pressure.
Miners are feeling the pinch as breakeven prices rise post-halving. #BTC reserves at lowest in 14 years, with market on edge over new large supplies, including German government selling 3,000 #bitcoins with more to come.
👉 JUST IN: Brazilian soccer legend Ronaldinho says "Time for crypto to go mainstream, who’s with me?" 👀
👉Andrew Kang, co-founder of Mechanism Capital, warns that Ethereum🔵 could drop to $2,400 after the launch of a spot ETF.
South Korea Think Tank's Warning on Bitcoin💰 Spot ETFs.
👉A South Korean financial institution warns that introducing #bitcoin spot ETFs could harm the country's economy by causing inefficient resource allocation and increased risks in financial markets.
👉QCP Capital: Miner’s Selling Pressure.
Miners are feeling the pinch as breakeven prices rise post-halving. #BTC reserves at lowest in 14 years, with market on edge over new large supplies, including German government selling 3,000 #bitcoins with more to come.