Danish Tax Agency Sends Warning Letters to Suspected Crypto Tax Evaders

In the letters, crypto users are asked to provide information such as profits and losses for the 2016-2018 income period, including for crypto-to-crypto trades. Respondents must further provide the rates at the time of the trades and the purpose of the transactions. Other required information includes proof of wallets created, bank statements and a statement of current crypto holdings. Source link

Bitcoin Looks South After Strong Rejection Above $7,600

Disclaimer Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it…

Bitcoin Halving Could Leave Price at $20K-$50K, Hedge Fund Manager Says

Lightning Capital is a small hedge fund, with roughly $500,000 of assets, but Hwang’s prediction adds to a growing number of estimates from investors and analysts trying to gauge the potential impact of the halving – where the number of bitcoin mining rewards created every 10 minutes is sliced in half. The cut happens every four years, in accordance with the cryptocurrency’s 11-year-old design. Source link

New Mac Malware Hides in Memory and Masquerades as a Crypto App

The malware infects Mac OS computers by injecting an executable file into the boot process, thereby hiding it from the user and rendering it difficult to remove. The executable then looks for various online payloads and runs them in memory, ensuring that anti-virus software could miss the malware after reboots and other OS events. Ultimately, there is very little for an anti-virus app to find as the payload changes over time and the malware has root privileges on infected machines. Source link

Huobi US Is Abruptly Halting Exchange Operations

The company said in a notice that it would shut down trading services on Dec. 15, 2019. Customers have until Jan. 31, 2020 to withdraw all of their assets. Any customers who have insufficient balances to meet the minimum withdrawal requirements “are encouraged” to convert their assets into another crypto or fiat to see if they can meet alternative minimum requirements, according to an FAQ. Source link