Sentences with phrase «of bitcoin held»

However, it was recently revealed that former users of Mt. Gox will be unfairly credited with the Japanese yen value of Bitcoin they held in 2013, with Bitcoin price hedged to the price four years ago.

«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.»

In fact, the Bitcoin Investment Trust is trading at a 35pc premium, which means individuals are paying that much more per share than the value of the Bitcoin held per share.

With the amount of bitcoin held in custodian higher from previous months and the consolidation in bitcoin price, Coinfloor's USD value of BTC held is near $ 1.9 million more than May's total at today's exchange rates, an 11.6 % increase in USD value.

With the amount of bitcoin held in custodian lower from the previous month, Coinfloor's USD value of XBT held is over $ 4 million less than June's total at today's exchange rates, which is a 23.1 % decrease in USD value.

Those who've been adding to their bitcoin position before the fork occurred have received an equivalent number of bitcoin cash based on the amount of bitcoin they held at that time.

Still the move to list bitcoin cash was unique, as it effectively gave all customers of Coinbase's GDAX exchange an amount of bitcoin cash equal to the amount of bitcoin they held on the exchange at the time the new cryptocurrency network was created.

In the previous Hard Fork of Bitcoin held on August 1, traders and investors were confused as to where to hold their Bitcoins.

The proof - of - reserve auditing system also displays the amount of bitcoin held in escrow.

MtGox was forced to suspend trading in bitcoin after a massive digital theft or disappearance of the bitcoin it held.

Generally speaking, you'd pay the ordinary tax rate on the sale or exchange of Bitcoin held as a tangible asset — say you were paid in it.

The founder of Miller Value Partners said Tuesday on CNBC's «Closing Bell» that the fund had moved 90 percent of its bitcoin holdings to a separate fund, with the main fund retaining a 10 percent weighting in bitcoin and its offshoot, bitcoin cash.

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 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.

Voting requires proof of bitcoin holdings via cryptographic signature.

He has been slowly selling some of his bitcoin holdings since the beginning of the year and believes that the current price of bitcoin is unsustainable — at least in the short term.

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 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).

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 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.

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 explorer shall bring to life everything starting from the holding of bitcoin whales to bankruptcy days of Mt Gox to the fate of your Bitcoin holdings bought back in 2012.

News Apple co-founder, Steve Wozniak, recently stated that he has liquidated most of his bitcoin holdings whilst speaking at a business forum in Sweden.

Speaking at the Nordic Business Forum in Sweden, Apple co-founder Steve Wozniak admitted he has sold off almost all of his Bitcoin holdings — keeping some to «experiment» with.

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.

Andreas feels that miners shall take 10 % of their bitcoin holding and put the same into a short position.

Bitcoin Investment Trust, the readily available way for U.S. investors to take a flier on the popular cryptocurrency via their brokerage accounts, is again trading at twice the value of the bitcoin it holds.

Even though a number of bitcoins held are less than previous months, with the rise in BTC prices, the exchange now holds roughly $ 1.9 million more dollars than March's report at today's exchange rates, a 23.6 % increase in USD value.

It features a single panel of operation for sending and receiving payments and shows users only the converted fiat currency value of their bitcoin holdings.

Voting requires proof of bitcoin holdings via cryptographic signature.

Not exact matches

[laughs] I still hold a little bit of Bitcoin, and I think it has such mindshare that it will continue to be a store of value.

Then all of a sudden your margin requirements go through the roof and if your margin's held in bitcoin, you're covered.

Bitcoin's down today, but with its recent rebound in value, holders — even the enthusiasts who want to bypass banks — could find it hard to resist the potential to hold onto their Bitcoin in hopes of seeing substantial cash returns.

For Karpelès, Vinnik's arrest reinforced a long - held theory: that Russian Bitcoin exchange administrators were behind a series of denial - of - service and other cyberattacks that hit Mt. Gox in 2011.

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.

Mt. Gox claimed insolvency in 2014 after the alleged theft of around 850,000 bitcoins that it was holding for itself and on behalf of its customers.

Still, he says bitcoin might best be suited for a long - term buy and hold strategy rather than a form of payment.

«That's just crazy,» says Jones, who held most of the coins on behalf of his clients at Bitcoin Builder, the service he built to facilitate arbitrage trading at Mt. Gox in its final weeks.

Eventually, Coinbase reversed course and agreed to allow users to access their potential Bitcoin Cash holdings at the start of next year.

«I quickly realized that, in addition to misconceptions about bitcoin being used for porn or fraud, security was one of the main hurdles holding it back to wider use,» he said.

Bitcoin has slumped more than 20 % this week amid increased regulatory scrutiny in the U.S. and Japan, an attempted theft at one of the biggest trading venues, and news that the bankruptcy trustee for Mt. Gox has started selling the now - defunct exchange's holdings to repay creditors.

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.

In addition to holding a large amount of coin, they have invested in bitcoin startups, launched a pricing index and now an exchange, and are still working on launching an ETF.

Unlike other forms of payment, pledges made in Bitcoin are immediately dumped into Pozible's holding account, though they aren't actually converted until the project reaches its goal.

A Los Angeles law firm, Berns Weiss, sued the IRS last year, complaining the agency's summons swept up one of the firm's partners, Jeffrey Berns, who held bitcoin at Coinbase, but had never sold it.

The new service, Coinbase Custody, will offer a raft of extra security measures and hand - holding in order to persuade big investors to put their money into assets like bitcoin.

«I did not publicly deny the reports that I held bitcoins because the press coverage was favorable and suggested that I had made millions of dollars as a result of my good business decision to accept bitcoin payments,» he added.

I held on to the coin because I hold on to everything, and ended up being perhaps the least prepared investor in the Great Bitcoin Gold Rush of 2017.

While there are plenty of places to buy bitcoin, many investment funds can only hold assets that meet certain regulatory standards — such as approval from the SEC.

... XBT Provider holds bitcoins equal to the value of ETN shares issued and tracks the performance of the price of bitcoin.