CoinMarketCap to Remove BitcoinCom From BTC Page

Bitcoin. com was apparently removed in the light of recent accusations of the resource belonging to Roger Ver that he is promoting BCH, masking it under BTC
07 May 2018   1285

The leading resource for tracking prices and the status of the cryptocurrency market CoinMarketCap has removed from the Bitcoin page a link to the Bitcoin. com website, Cointelegraph reports.

Despite the fact that no official sttement from CoinMarketCap was made, Bitcoin. com was apparently removed in the light of recent accusations of the resource belonging to Roger Ver that he is promoting Bitcoin Cash (BCH), masking it under BTC.

As early as May 2, Bitcoin. com appeared on CoinMarketCap as the No. 2 website for bitcoin.

Bitcoin Page at CoinnMarketCap Earlier
Bitcoin Page at CoinnMarketCap Earlier

At the moment, the only site CoinMarketCap refers to is Bitcoin. org. At the same time, there is still a link to forum. bitcoin. com.

Bitcoin. com also offers the possibility of creating a wallet for BTC and BCH, however Bitcoin Cash appears as the first default option, while BTC is named Bitcoin Core, a popular client for the bitcoin network, run by numerous independent developers.

Bitcoin Com
Bitcoin Com

Last week, an initiative was launched to organize a lawsuit against Roger Ver. However, having failed to collect sufficient funds for its implementation, the organizer of the claim MoneyTrigz decided to return the money to the donators.

Israeli BTC Investors to Face Catch 22

They need to pay taxes from Bitcoin investing in order to avoid their property arrest, but banks don't take their money due to AML issues
06 August 2019   132

Bitcoin investors in Israel are faced with the impossibility of paying taxes, as local banks refuse to accept funds received from the sale of cryptocurrencies because of the risks of money laundering and terrorist financing. About this writes the local edition of Haaretz on August 6.

Bitcoin is not recognized as a currency in Israel, therefore, individuals must pay 25% of the income from cryptocurrency trading to the treasury, and legal entities - 47%.

Investor Ron Gross told the publication that he acquired bitcoins in 2011 and reported his income to the tax office. In 2017, the bank that served Gross began to refuse to accept funds received from the sale of bitcoins. The investor met with representatives of the bank to demonstrate to them a 70-page history of bitcoin transactions as confirmation of the origin of the funds, but failed to convince them.

The tax authority is aware of the problem, but they say the ball isn’t in their courts. I’ve tried working with almost all the banks, but the minute they hear the word ‘Bitcoin’ they freeze up.
 

Ron Gross

Bitcoin investor from Israel

 

Since Gross was unable to pay taxes on time, his bank account, home, and even scooters were arrested. According to the investor, the tax authorities know about the problem, but can do nothing.

According to Haaretz, the tax office is aware of $ 86 million in unpaid taxes on income from cryptocurrency trading. It is possible that the real amount may be significantly higher.

Roy Arav, another Bitcoin investor, kept the proceeds from trading Bitcoin in an account with Israeli bank Discount under the control of the Bit2C exchange. The bank refuses to transfer money to Arava’s personal account under the pretext that its politicians forbid it to transfer funds related to virtual assets to client accounts due to the risks of money laundering and terrorist financing.

Arav also could not pay taxes and was forced to sue the bank. According to the investor, the authorities entered his position and granted him a deferral of time for the consideration of the claim.