Understanding The Impact Of Bitcoin Halving On Investors

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https://coinmystique.com/secs-xrp-and-grayscale-bitcoin-etf-circumstances-challenged-by-us-home-majority-whip-tom-emme/?feed_id=9249&_unique_id=652780aecc31d

Home Majority Whip Tom Emmer has as soon as once more taken to Twitter to problem the U.S. Securities and Alternate Fee’s (SEC) method to cryptocurrency regulation. Citing the SEC’s current authorized losses in opposition to Ripple and Grayscale, Emmer means that the regulatory physique’s stance on crypto is misguided. His newest feedback, dated September 3, 2023, have garnered vital consideration, amplifying the continued debate on the suitable degree of crypto regulation.Emmer’s Newest RemarksIn a tweet on September 3, 2023, Tom Emmer acknowledged, SEC loses on Ripple… SEC loses on Grayscale… We are going to see how pending litigation performs out, but it surely must be more and more apparent to policymakers that, regardless of @GaryGensler’s mass advertising marketing campaign, crypto shouldn’t be an trade ‘rife with noncompliance.’Checks and Balances in FocusEmmer’s critique resonate with earlier tweet, emphasizing the position of checks and balances in holding the federal government accountable.Our system of checks and balances holding the abusive Administrative State accountable,he wrote, quoting a earlier tweet that introduced a DC Courtroom of Appeals determination in favor of Grayscale on August 29, 2023.A Constant CriticEmmer has been a constant critic of the SEC’s regulatory method to cryptocurrencies. As early as November 4, 2021, he despatched a letter to SEC Chairman Gary Gensler, questioning the inconsistency within the company’s remedy of Bitcoin futures ETFs and Bitcoin spot ETFs. “I’ve called out @GaryGensler’s regulatory hypocrisy for years,” Emmer famous in a tweet on August 30, 2023.Implications for PolicymakersEmmer’s current feedback add one other layer to the continued debate amongst U.S. policymakers about the way forward for cryptocurrency regulation. With the SEC going through authorized setbacks, the query arises whether or not its present method is efficient and even acceptable, a degree that Emmer’s newest tweet underscores.ConclusionBecause the SEC grapples with authorized challenges and elevated scrutiny, Tom Emmer’s tweets function a well timed critique from a high-ranking authorities official. His feedback recommend that the controversy over the regulatory panorama for cryptocurrencies is way from over, and so they name into query the SEC’s present technique.Picture supply: ShutterstockSupply: https://blockchain.information/information/us-house-majority-whip-tom-emmer-challenges-secs-stance-regard-xrp-and-bitcoin-etf-following-legal-setbacks

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So "charitable" donations from billionaires were BS all along? Economics rant incoming.

I've been looking up how to set up a charity trust, like the kind hella rich people use, because I've got this dream of buying land someday and turning it into a public park / food forest that stays public and has maintenance and taxes covered?

But hoooooly shit, just reading up on the kinda of charitable trusts you can set up??? Insane. The #1 person benefitting from that "charity" is the person who donated. It's legal tax evasion, a way to hold investments without paying taxes on them, and get payouts for yourself for a long ass time before a charity ever sees a dime.

Like literally I think I figured out how someone could take a million bucks, put it in one of these tax sheltered trusts, invest and pay themselves 3 million bucks over 40 years, and only leave 200k of it to charity? While still following the letter of the law. No, even better, donating twice as much money to charity as the law requires, far sooner than it actually requires. I'm never again reading an article like "billionaire donates millions to charity" the same way again. ("Billionaire legally turns millions into more millions for himself and his family, who will have to give a few hundred thousand dollars to charity after he and his kids die?")

Like giving money to "charity" through these trusts? Well, that means a way of investing some of your money while avoiding paying income or capitol gains taxes, and every year getting a payout (like up to 50% of the assets in the trust, re-assessed annually as they grow - and 50% is more than most investors would choose to withdraw annually anyway? So it's really just a tax sheltered investment.) (Not even getting into the fact that art is one of the investments you can have, and art valuation is verrry subjective? So you get an art assessor saying the art you bought at 1million is now worth 5million? Okayyy)

So.... If you put money in, and invest it in stocks? Or more cynically, apartment buildings? You can have tax-free paychecks TO YOURSELF, as your investment grows and you can take money out of that investment till you die. Then, if the date you chose to give the leftover money to charity hasn't happened yet? Your kids (or other beneficiaries) get that paycheck.

Like holy shit. When you see billionaires donating lots of money to charity? They could (and probably are) donating it to their damn selves, and kids, while legally evading taxes. It ain't selfless, it's a fuckin moneymaker for THEM.

Now I really get this saying i heard from a corporate accountant I went out with - "a good tax lawyer will ask you how much you want to pay in taxes" ... And what the fuck. Didn't realize how goddamn literal that was.

(Also fun fact I learned from her - most tax laws on the books were lobbied for by a single corporation to give themselves a tax loophole above other companies, and after it becomes law, it has the strange effect of other companies mimicking the financial model of the first, once they catch on, to exploit the same loophole. So there's a huge incentive to make tax laws as confusing as possible - so the competitor businesses don't catch on to the lobbyist businesses secret loophole. And taxes won't get easier or fairer without legislation against corporate political lobbying)

Like even the kinds of tax-sheltered investments that "normal people" know about like IRAs and 401ks are just the tip of the iceberg when you think about how, the more money you have, the less taxes apply to you. Not to mention the whole way the idea of "investment" is really just another word for skimming the profits off another person's labor.

I'd always heard people cynically say that billionaires only donate for the tax deduction, but I thought it meant "don't pay taxes, and give the money to charity" not "don't pay taxes, and invest the money, and make money for yourself and your children tax free"

anyway I don't think I'm gonna make a trust, gonna just keep on giving the food not bombs crew cash because they actually do something with it?

(also if any of y'all nerds think I'm misunderstanding shit, I might be? I'm very much not an economics nerd, just trying to learn and getting p cynical about what I find)

https://coinmystique.com/peach-bitcoin-celebrates-one-12-months-anniversary-with-launch-of-model-0-3/?feed_id=20060&_unique_id=65767f3e3325a

Peach Bitcoin has formally launched Peach 0.3, whereas coinciding with the one yr anniversary of the corporate. This new model introduces new options, a complete pockets that seamlessly integrates with the app, enabling customers to handle their bitcoin holdings effortlessly. With this improve, customers can ship and obtain bitcoin and fund a promote supply with only a few clicks. One standout function of this pockets is its UTXO administration accessibility, making coin management simpler for everybody. It additionally integrates an tackle checker to confirm if an tackle belongs to your pockets, guaranteeing added safety. Peach emphasizes particular person sovereignty and self-custody, and customers retain full management of their personal keys with a 12 seed phrase setup.“Some people will join Peach because they align with our values,” stated Peach Bitcoin’s co-founder, Steph. “But the mass who will use Peach will do so because it’s the best product at their disposal.”In an effort in the direction of democratizing bitcoin entry, Peach can also be increasing its attain to the International South, together with Latin America and Africa. Peach’s KYC-free resolution for buying bitcoin goals to empower people in areas the place conventional monetary companies could also be restricted. The app has built-in currencies and fee strategies from international locations together with Argentina, Colombia, Costa Rica, Chile, Mexico, Peru, Venezuela in Latin America, and Congo, Côte d’Ivoire, Nigeria in Africa. Peach can also be eager to collaborate with native Bitcoin meetups and communities on the bottom, facilitating money purchases of bitcoin and sharing income from each commerce accomplished through these meetup or group teams.With Peach 0.3, the corporate can also be releasing its verifiable supply code, permitting builders and fanatics to delve into the internal workings of the app. This initiative goals to encourage innovation and collaboration inside the Peach ecosystem. Peach app adopts the MIT-CC license to make the code verifiable whereas safeguarding its mental property and totally opensourcing tech integrations like batching transactions and Nostr integration below the MIT license.Peach Bitcoin’s key options embrace the quickest peer-to-peer bitcoin buying and selling out there, averaging simply 9 minutes to finish a contract. It employs a 2 out of two multi-signature escrow between Peach and the vendor, turning into a single signature for Peach after 30 days in case of a dispute. Person knowledge is end-to-end encrypted and saved on the person’s gadget, not on the corporate’s server. The app additionally boasts an in-app chat and dispute administration system with round the clock buyer assist and excessive purchase liquidity, that includes over 600 purchase provides obtainable always.As a particular deal with for the launch of Peach 0.3, the corporate is introducing the promo code “OPENSOURCE,” which grants customers one free purchase commerce and sats again for promoting Bitcoin.Supply: https://bitcoinmagazine.com/enterprise/peach-bitcoin-celebrates-one-year-anniversary-with-launch-of-version-0-3

Digifinex Labs: Bitcoin Bulls Eye $45K, Potentially Boosting UNI, OP, TIA, and STX

The S&P 500 Index (SPX) achieved its highest close of the year last week, and Bitcoin (BTC) also hit a new 52-week high, indicating that risky assets remain strong going into the final few days of the year.

Usually, the first leg of the rally of a new bull market is driven by the leaders, but after a significant move, profit-booking sets in and traders start to look at alternative opportunities. Although Bitcoin has not rolled over, several altcoins have started to move higher, signaling a potential shift in interest.

Bitcoin Price Analysis

Bitcoin has been consolidating in a tight range near the minor resistance at $44,700, indicating that the bulls are not rushing to the exit as they anticipate another leg higher.

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Bitcoin and Ethereum have been in a battle for the top spot as the leading crypto in the digital market. Recent events have proven both digital assets to be resilient assets in the saturated market. Over 15 new whales have joined the market and back

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Robert Kiyosaki Forecasts the Rise of Cryptocurrencies and Warns of Impending Economic Crisis

Robert Kiyosaki, best known for his book ‘Rich Dad Poor Dad,’ recently expressed optimism about the role of cryptocurrencies in the future of finance. The author anticipates that Bitcoin could surge to $120,000 in the coming year and cautions about an impending economic crisis, suggesting that digital currencies could serve as financial refuges. Kiyosaki took to social media platform X, formerly known as Twitter, ahead of the TOKEN2049 crypto conference scheduled for September 18-19, to share his bullish views on cryptocurrencies. He believes that traditional forms of money, particularly the U.S. dollar, are nearing obsolescence. He’s also confident in Bitcoin’s ability to recover from market slumps, attributing potential price increases to the upcoming halving event. Despite his claim that green energy initiatives negatively

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