Sentences with phrase «bitcoins held by»

Only bitcoins held by the exchange at the time of the fork will be credited with SegWit2x.

The infamous bitcoin exchange Mt. Gox, which declared bankruptcy in 2014 while owing creditors 45 billion yen ($ 414 million), has a stash of bitcoins held by its trustee that — at least for the moment — are valuable enough to pay off its creditors and then some, thanks to the cryptocurrency's record - setting price surge this year.

Upon a Shareholder's sale of some or all of its Shares, the Shareholder will be treated as having sold the portion of its pro rata share of the Bitcoins held by the Trust at the time of the sale that is attributable to the Shares sold.

The per - Share number of Bitcoins exchanged for a purchase or redemption is calculated daily by the Trustee, using the Blended Bitcoin Price, or such other publicly available price as the Sponsor may deem fairly represents the commercial value of the Trust's Bitcoins, for the Bitcoins being valued to calculate the Bitcoin amount in respect of any liabilities for which covering Bitcoins sales have not yet been made, and represents the per - Share number of Bitcoins held by the Trust, after giving effect to its liabilities, sales to cover expenses and liabilities and any losses that may have occurred.

The Trustee will transfer Bitcoins held by the Trust to the Trust Expense Account to pay Trust expenses not assumed by the Sponsor on an as - needed basis, irrespective of then - current Bitcoin prices on the Bitcoin Exchange Market.

In the case of a Shareholder that acquires its Shares as part of a creation of a Basket, the delivery of Bitcoins to the Trust in exchange for the underlying Bitcoins represented by the Shares will not be a taxable event to the Shareholder, and the Shareholder's tax basis and holding period for the Shareholder's pro rata share of the Bitcoins held by the Trust will be the same as its tax basis and holding period for the Bitcoins delivered in exchange therefor (except to the extent of any cash contributed for such Shares).

The Shares are designed to mirror as closely as possible the performance of the Blended Bitcoin Price, and the value of the Shares relates directly to the value of the Bitcoins held by the Trust, less the Trust's liabilities (including estimated accrued but unpaid fees and expenses).

Accordingly, the Shareholder generally will recognize gain or loss on the sale in an amount equal to the difference between (1) the amount realized pursuant to the sale of the Shares, and (2) the Shareholder's tax basis for the portion of its pro rata share of the Bitcoins held by the Trust at the time of sale that is attributable to the Shares sold, as determined in the manner described in the preceding paragraph.

The audit is carried out by Stefan Thomas, who verified that the total amount of bitcoins held by Kraken exceed the amount required to cover the balances held by customers.

Berms says he bought bitcoins held by Coinbase, but has never sold any or used them to buy anything.

«Overall, the amount of bitcoin held by the MtGox estate is approximately 202,185 XBT, or $ 91,185,435 USD at today's bitcoin price of approximately $ 451, which Kraken will help to distribute.»

Not exact matches

Now, MetaStable owns about a dozen different cryptocurrencies, including Bitcoin (which one of the fund's co-founders, Lucas Ryan, originally received for free in 2011), Ethereum, and Monero (of which the fund holds nearly 1 %, or about $ 6 million worth, of all outstanding coins), according to a pitch deck seen by Fortune.

The U.S. Senate will hold a hearing with regulators to discuss the risks posed by cryptocurrencies such as bitcoin.

By contrast, you'd pay the lower capital gains rate of about 15 percent to 20 percent on transactions for Bitcoin held as an investment, for example if you obtained it on an exchange.

Moro said Hong Kong - based Xapo is currently the leading custodian in the digital currency world, but added that Xapo is limited by the fact it only holds bitcoin and not Ethereum or many other newer crypto currencies.

Miller Value Partners moved 90 percent of its bitcoin holdings into a separate fund after bitcoin had become half the value of its main fund by the end of last year.

The only way to truly own your bitcoin is to hold the private key in a hardware wallet, which is a secure USB device that can only be accessed by a PIN.

But whether Bitcoin can actually replace gold (let alone traditional government - backed currency) has been a matter of fervent debate — quite literally, as evidenced by an event last week entitled «Gold Versus Bitcoin,» held at a New York comedy club, in which well - known gold proponent (Jim Rickards debated James Altucher, a self - help author now peddling Bitcoin investment advice under the moniker «crypto - genius.»

This would seem to confirm speculation about repeated undetected thefts from Mt. Gox's bitcoin holdings, perhaps over the course of years, enabled by its software's flawed handling of transaction malleability in bitcoin.

Bitstamp CEO Nejc Kodrič said that all other funds held by the bitcoin exchange are secure in cold storage, stating:

The majority of bitcoins are held by a tiny percentage of the market.

The trader, who is only known by his bitcoin address, purchased the coins between Feb. 9 and Feb. 12, hiking his holdings in the digital currency to more than 96,000 coins from about 55,000 coins.

At least some individuals seeking a security clearance from the US government in order to access classified information may have to report their bitcoin holdings prior to approval, according to an email obtained by ETHNews.

ETHNews has reviewed an email sent by Chad M. Campbell, an industrial security specialist with the Defense Security Service (DSS), relating that individuals submitting Standard Form 86 (SF86) should report any bitcoin holdings in their possession along with their other disclosures.

The company spread out the losses to all customers — even those who were not holding bitcoin at the time of the hacking — by forcing customers to take a 36 - per - cent haircut or loss on any money at the exchange.

By press time, ETHNews had not heard back from Campbell on this matter, nor on the question of whether the requirement to report bitcoin holdings applies to every person submitting an SF86, or just to certain parties.

This means that anyone holding bitcoin can purchase gold on the Ripple network in the form of XAU balances issued by GBI.

The ambitions of a Melbourne - based bitcoin mining pool, Bitcoin Group, to go public has have have been put on hold by the country's regubitcoin mining pool, Bitcoin Group, to go public has have have been put on hold by the country's reguBitcoin Group, to go public has have have been put on hold by the country's regulators.

Notable deals in Q1 ’16 included a $ 26M Series C to bitcoin exchange bitFlyer, the $ 55M Series A for smart contracts developer Blockstream, and a sizable $ 60M Series A round to Digital Asset Holdings, the bitcoin startup helmed by ex-J.P. Morgan banker Blythe Masters.

The first opposing thought you must hold is that Bitcoin has already crashed by 80 % on five separate occasions over the last few years.

The futures are designed to reflect the price of bitcoin without an investor having to physically hold the virtual currency, not unlike how oil, gold, copper or cocoa prices are determined by futures contracts.

As the proponents have benefitted by holding through every dip, there is a sense of security among the buyers that no matter what, price of bitcoin can and will only go up.

A new LendEDU survey of Bitcoin investors shows that a vast majority plan to hold their investment for over a year, challenging the assumption that the cryptocurrency is mostly used by short - term investors.

So, if you are thinking of just buying and holding, just keep in mind that if your BitCoin or other crypto currency holder gets hacked, gets shut down by a greedy or overarching government, or otherwise goes rogue, your investment may suddenly disappear.

Abbott's opinion echoes the statement made today by Mark Carney, Governor of the Bank of England, about the need to hold Bitcoin and other cryptocurrencies to the «same standards,» as the rest of the financial system.

Prominent venture capitalist Fred Wilson spoke at a recent event held by the NYC Foundation for Computer Science Education, in which he highlighted the two biggest threats holding back bitcoin from entering into the realm of the mainstream: security and hoarding.

By Feb. 7, Bitcoin had once again ascended past the $ 8,000 mark on cryptocurrency exchange Bitfinex, and — despite a few brief dips back into sub - $ 8,000 territory — it has held above that mark since.

By holding your funds in bitcoin, you can take advantage of the upside if the price of bitcoin goes up relative to fiat.

You are invited to verify that your held bitcoins are included in this balance by following the instructions below.

The mined bitcoin earned by Hut 8 will be held in custody by Xapo GmbH («Xapo»)- known as the «Fort Knox» for Bitcoin and trusted custodian of cryptocurrencies for numerous financial instutions and high - net worth indivbitcoin earned by Hut 8 will be held in custody by Xapo GmbH («Xapo»)- known as the «Fort Knox» for Bitcoin and trusted custodian of cryptocurrencies for numerous financial instutions and high - net worth indivBitcoin and trusted custodian of cryptocurrencies for numerous financial instutions and high - net worth individuals.

The majority of bitcoins are held by speculators, crowding out users who want to use the protocol to make legitimate purchases.

Like many have pointed out the use of Bitcoin by Chinese and China looking to diversify outside of China in terms of their asset holdings?

As a tangible asset, Bitcoin has historically held a value and an appeal that is unmatched by any other tradable good or commodity.

Still, they will eventually have to sell their Bitcoin holdings due to IRS regulations, so let's hope that by then the IRS will have established a better cryptocurrency taxation framework to give Bitcoin investors some more clarity on tax issues.

While investors certainly need to do their due diligence, investing in products such as Bitcoin IRAs, which are held by established financial custodians and which feature multiple levels of security to safeguard customer assets, is far safer than striking out on your own and investing thousands of dollars in cryptocurrencies on an exchange that may be based in Eastern Europe, the Caribbean, or Asia.

All fiat currency or bitcoin sent to or from ITC in New York occurs exclusively through approved customers sending money to be held by ITC in an insured bank or Bitcoin to be held by ITC or a withdrawal of that customer money or Bitcoin at the express direction of an existing customer of ITC's New York trust company obitcoin sent to or from ITC in New York occurs exclusively through approved customers sending money to be held by ITC in an insured bank or Bitcoin to be held by ITC or a withdrawal of that customer money or Bitcoin at the express direction of an existing customer of ITC's New York trust company oBitcoin to be held by ITC or a withdrawal of that customer money or Bitcoin at the express direction of an existing customer of ITC's New York trust company oBitcoin at the express direction of an existing customer of ITC's New York trust company offices.

Jeremy Millar, founder and managing partner at Ledger Partners in London, estimated that 50 to 90 percent of bitcoin's current market cap is held by near - institutional money such as individuals at hedge funds and family offices.

«Security System» — The proprietary hardware and software security system used by the Trust to safekeep the Bitcoins held in the Trust Custody Account.

Bitcoins held in the Trust Custody Account will be stored on computer hardware using computer software owned by the Sponsor and leased and licensed to the Trustee.

The Trust's Bitcoins are held by the Trustee, as custodian on behalf of the Trust, at its various United States premises on a segregated basis.