URL Shorteners Make the Web Substantially Slower

27.Sep.2022
URL shorteners. We use them. You use them. Lots of people use them. URL shorteners like bit.ly are widely used nowadays, but are they really as good as they appear to be? We dig a bit deeper into the pros and cons of URL shorteners. On the positive side: URL shorteners obviously provide useful features like making a long URL shorter (i.e. so it fits easily in a Twitter message) hey enable you to track and analyze clicks on a specific short URL Some URL shorteners like twt.tl also provide some browsing safety by analyzing the target URL for harmful website code or phishing attempts But on the negative side, URL shorteners also introduce: An additional single point of failure: when a URL shortener service is down (or corrupt) the link won’t work Additional load time for a page to fully load Website monitoring monitored the most popular URL shorteners for one month to find out how they are doing in terms of availability and speed. During that time we monitored 14 URL shorteners and collected the uptime and performance statistics. URL Shorteners Availability Uptime is still clearly an issue for some of the URL shorteners. This is important because it has a direct impact on the uptime availability of the website the URL shortener actually directs to. Only goo.by and twt.tl score a perfect 100%. URL Shorteners Performance According to our data, Facebook’s fb.me is by far the slowest. It adds over two seconds on average to the page load time after the click on a link. And, quite a few others still take over half a second of the page load time, which is really way too much for just a URL redirection. This substantially affects the user experience. Another interesting thing we noticed is that only a few of the URL shorteners optimized their name servers (DNS) for international use – i.e. it takes half a second for some of the URL shorteners just to lookup the IP address that is needed for a browser to retrieve a web page. That means, that while it might be fast for a visitor from the US, a visitor from Asia might get some extra waiting time when using snurl.com, for example. And, while bitly.pro might offer more options than the free bit.ly (like having your own domain name), the paid version is also slower on average than its free counterpart. Some details about how we measured all this. The URL shorteners were checked every five minutes from one of the 50 global website monitoring stations. For each short URL, only the redirection was measured, not the actual loading of the target page. The redirection was expected to be done within eight seconds without any errors (like when a server error occurred or if the expected target URL location was not found in the http header). If that time was exceeded or a second error was established, we verified the results using another of its monitoring stations and the result was counted as either poor availability or unavailable. We plan to continue to monitor URL shorteners and as of today, plan to share the results publicly through our brand new website portal. Now it’s your turn to tell us what you think. Are URL shorteners useful or can you live without them? Does the additional time to load a page concern you?

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Highest Paying Url Shortener

25.Sep.2022
All high paying URL Shorteners are listed on this blog so if you are looking for the list of highest paying URL Shorteners then you are in the right place They are not just high paying URL Shorteners but also legit and very easy to earn money with. For those who are still starting up, URL Shorteners are sites where you can shorten your long URL or referral link and make money from it whenever your visitor clicks on it. You can share them on social networks like Facebook, twitter and YouTube and make a huge amount of money from it. As you can see, I have been busy of recent online trying to find more highest paying URL Shorteners to add up to the numbers I have been using for the past 3 years. I have analysed the what makes each among the highest paying URL Shorteners and went into details about the top choice available, taking a closer look at their level of legitimacy, pay per 1000 clicks, payment proofs, method of payment, minimum payout popularity, population and numbers of years online. well, we finally found the high paid URL Shorteners that we have been looking for. Below are the highest paying URL Shorteners found, tested and confirmed by many as the best paid URL Shorteners ever. ADFLY is one of the top 10 paid URL Shorteners online, ADFLY is regarded as the best URL Shorteners online. Although there have always been disputes between ADFLY vs LINKBUCKS regarding which is the best and highest paying URL shortening service. Well in terms of amount of money paid per click, AdFly pays higher but LinkBucks has several features and earning opportunity that beat AdFly. However, the two are the best you will ever find online. AdFly pays more than $5 per 1000 clicks. They are truthful and straight forward unlike others that will promise high pay per click but turn out to be the lowest. They have been online for almost 8 years. And have been using their short URL for the past 3 years which makes $78 per day. I use their link as a download link and their script on my site. They pay you instantly through PayPal and liberty Reserve and the minimum payout is just $5.00. LINKBUCKS is a strong rival to ADFLY. They are one of the top and highest paying URL Shorteners with amazing features. They are equally regarded as the best URL Shorteners. You can make money with their short URL and also link locker. They pay you up to $5.00 per 1000 clicks and $1.00 per download using their link locker. The nice thing about LINKBUCKS is that they accept adult content such as porn video or sex sites. They have been online for the past 12 years paying without problem. The minimum payout is $5.00 through PayPal, Payza and liberty reserve (this month). You are paid instantly without delay. I make between $53-$60 per day. ADFOC.US is among the highest paid URL Shorteners next to ADFLY and LINKBUCKS. It is a promising URL Shortener with a forum which is one of the signs of a highly legit website online to stay. Although personally, I have not been paid by the site because I recently started join them. But most of their members I met claimed to have been paid by them. There earning is based on points which can be converted to money. They pay up to $7.00 per 1000 clicks. The minimum payout is $5.00 through PayPal. YSEAR.CH is a new URL Shortener that seem to be truthful just like above top two sites. They made one of the highest paying URL Shorteners list as a result of their truthfulness and sign of legitimacy. They have a forum which is the sign of a legit website. Although they pay more than $2.00 per 1000 clicks, that is the minimum they pay you. I notice they pay $3.00 per 1000 clicks for some countries. And they give you exactly what you earn. They have the lowest minimum payout in the history of URL Shorteners. The minimum payout is $2.50 which can be withdrawn via PayPal, Payza, liberty reserve and skirill. They are the best after LinkBucks and AdFly. I have been paid twice by them. $42 - $38 in two weeks. WWY.ME is another top 10 high paying URL Shortener. They are a new URL Shortener service so I can’t say much about them. They pay up to $4 per / 1000 clicks and the minimum cash out is $5.00 through PayPal. BLY.ME is a new URL Shortener online, they are a little bit different from other URL Shorteners. A visitor that clicks your shorten link has to fill out a survey before you get paid. Sites like this are always difficult to make money from. The last time I tried, I couldn’t make a penny for two months. You can give them a try who knows you could be lucky. The minimum payout is $10 via PayPal. ADTWIXT is also a new URL Shortener among the highest paying URL Shorteners. They started 6 months ago. They are fast growing in numbers and claimed to be one of the highest paid URL Shorteners. Well, time shall tell. Also I have not been using them so I can’t really say if they pay or not but is listed on the homepage the amount of payment they have made so far. You can take a look at them. but be careful for sites like this don’t last online, they always end up scam. The minimum payout is $10 via PayPal. ITY.IM is a URL Shortener where you earn money posting links. They pay $4.00 per 1000 clicks on your links. The minimum payout is $10 via PayPal. URIF.LY is a new URL Shortener and claim to be a legit and paying URL Shorteners. They are new so I cannot guarantee their legitimacy. They pay up $4.00 per 1000 visitors to your links. The payout is $5.00 through PayPal. AD7.BIZ is also one of the new top 10 paid URL Shorteners online. They pay up to $4.00 per 1000 clicks and the minimum payout is as low as $1.00. This is nice at least you can quickly discover if they really pay or not. The payment method is PayPal. I will recommend you join ADFLY, LINKBUCKS, ADFOC.US and YSEAR.CH since they have paid me which means they pay. However, you can still try out the other ones who knows you could be lucky and get paid. But make sure you join at least ADFLY and LINKBUCKS because they are the current best URL Shorteners online.

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KFC Canada Supports Bitcoin for Fried Chicken "Bitcoin Bucket"

16.Sep.2022
KFC Canada releases “Bitcoin Bucket. ”The hugest name in Fried Chicken has launched a “Bitcoin Bucket” with the theme of cryptocurrency, and you can pay for it using cryptocurrency. KFC Canada launched the advertising campaign Thursday by publishing the Bitcoin Bucket on social media and bringing its Bitcoin price frequently fluctuating based on the 20 CAD exchange rate of the product. Sadly, the Bitcoin Bucket is not available at the local restaurant, but customers who are blessed enough to live in one of KFC’s Canadian Delivery areas can schedule evening deliveries by January 19 at 8 pm EST. For some customers who are excited in what’s actually in the bucket, it includes ten original recipe auctions, waffle potatoes, a medium-sized, medium sauce, and two dives. Avoid Bucket FOMOThe company is working with BitPay to accept Bitcoin payments, but Luddites can still complete their purchase using the coin to avoid increasing the trading fees associated with Bitcoin payments. Nevertheless, the company plans to update the promotion to include Altcoin payments. Twitter’s KFC accounts are known for its hilarious antics, the company sent a personalized portrait to the first person who realized why only the account followed just Spice Girls and six people called Herb and KFC Canada lived up to this reputation in its tweets, supporting the product. In addition to warning customers not to be at hand, the company advised customers to “Avoid Bucket FOMO” and buy the dip; they offer five different types. The company even created a plan to discover the true identity of Satoshi Nakamoto, the creator of Bitcoin’s pseudonym, without which Bitcoin Bucket would not have become a reality.

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China will be able to buy Bitcoins using China UnionPay card

16.Sep.2022
Indacoin, the London-based exchange platform, announced that users from China will be able to buy Bitcoins and Litecoins with China UnionPay banking card There is a minimum limit of 10$ and a maximum limit of 2000$ per transaction, but this is a huge step for China’s users who were unable to buy and withdraw bitcoins in China using the UnionPay credit card. Indacoin offers the service for buying bitcoins instantly all over the world, most important in China, a country where bitcoin is really popular among internet users but not so popular among the Chinese officials. An important feature is that you can make all of this without any registration whatsoever and they also have a trading platform with a margin trading and professional API, all of this with zero fees for execution. Clients using Indacoin exchange are currently earning 15% per year if they keep the funds within the platform and the interest is calculated on the free USD balance with payments made on a daily basis. WHAT IS INDACOIN? If you’re new to bitcoin exchange and bitcoin news in general, learn that Indacoin is a trading platform (Bitcoin Exchange) established in London(UK) for buying and selling different cryptocurencies, but mainly bitcoin. Indacoin doesn’t buy nor sell bitcoins, but they serve as a transaction guarantor for the transacting parties, information which can be easily found on website Yingo.ca. INDACOIN AND THE CHINESE MARKET After the Chinese market was more or less closed to Visa and Mastercard, two of the biggest players on the market, the only real option for Chinese citizens remained UnionPay, a bankcard association established under the approval of the State Council and the People's Bank of China, a state-controlled bank wich has had a monopoly over the past years, in the credit and debit card market, and still has. Chinese banks do issue Visa, MasterCard and American Express credit cards, but there are a few Chinese merchants accepting them. Instead, Chinese cardholders use Visa and Mastercard mainly for traveling abroad. UnionPay dominates the card market in China thanks to a central bank decree that requires all card issuers, including foreign ones, to process their yuan-based transactions through UnionPay’s electronic payment network. Although, approximately 70% percent of bitcoin trades involved the Chinese yen, buying, moving or withdrawing bitcoins using a credit card or any other method that included the bank system, was not a possibility for Chinese users, as bitcoin is not seen as a currency in China, rather a commodity. China is a country where it is not illegal to buy or sell bitcoins but until now, it was not possible to buy or withdraw bitcoins using a credit card. Now, as Indacoin CEO Stanislav Kosorukovstated, Indacoin is trying to expand the operations to a new and big market, maybe one of the biggest markets on the planet. This decision actually makes a lot of sense if we consider that In 2014, UnionPay was the most popular payment method by card type at a global scale, based on purchase volume, according to the Nilson Report.

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Apex Coin And Blocknet Join Forces

16.Sep.2022
One of the major goals for any Cryptocurrency that wants to make it to the next level is to gain wider acceptance and be usable to the enthusiasts that support the coin. Obviously, the time in between launch and getting to this place requires a lot of time and dedication from a dev team that’s committed to their project, despite what supporters and detractors have to say along the way. Apex Coin – a Cryptocurrency that launched way back in July – has continued to follow the path that was laid out months ago. The Apex Coin development В team recently announced that they are teaming up Blocknet, which enables open ended communication and delivery of services between different Cryptocurrencies using a peer to peer protocol between nodes on different blockchains. (Cryptocurrency 2. 0)Apex Coin Adds FeaturesBy doing so, users of Apex Coin will be able to conduct private payments with a decentralized exchange, as well as take advantage of private messaging. Other features that Blocknet enable include the ability to create, distribute and manage assets within their protocol. Apex Coin Adding Multipool And GamesIn addition to adding Blocknet capabilities, the developers of Apex Coin are introducing a multipool that allows their enthusiasts to mine Altcoins and receive Apex payouts for their mining contributions. For those that prefer the lighter side of technology, Apex Coin is in the process of adding games that people can play using their coin. As per their roadmap for the coin, wallet features and developments currently being worked on include ‘in wallet’ sponsorships and the ability to send donations to others. Other features that were previously announced and completed are Social Media integration within the wallet. Additionally, they’ve added integration of In-House games, wheel and dice, В a supporting faucet and an improved Graphical User Interface. If you would like to get involved in the Apex Coin project, be sure to visit krypto-website to get started today!

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Frequently Asked Questions Yingo.ca

07.Sep.2022
Can I use regular money? Yes! - While Bitcoin is the inspiration for YINGO, US Dollars are also welcome. However, you will receive discounts for using Bitcoin on the site, we save money on payment processing and we pass those savings directly on to you! What is Yingo.ca? Yingo.ca is a social networking site built to help facilitate interaction between fans who wish to view and buy custom made content, and models who wish to make a living from home; or just earn a little extra on the side without having to put in too much time or work. How does it work? Fans place funds into their accounts in either US dollars or bitcoin, in order to use for various functions such as sending messages, buying photosets or videos, or just giving to give. What does it take to join? You'll need to be 18 or older and have a valid email address, that's it! Will you be accepting other cryptocurrency in the future? Litecoin, being a favorite among a few of site staff, will most likely be coming soon. Dogecoin is also likely to make an appearance after that. Other cryptocoins will definitely be considered, some may depend on available solutions that are hopefully soon to come. Feel free to recommend your favorite cryptocurrency by contacting us. Are you interested in feedback? Yes! We are always looking to improve your experience, and would love to hear what you think of the site. Please let us know of any features that are not working properly, or you feel could be improved in some way. We already have plans to implement many more features, but still welcome the suggestion of any additions you may feel would benefit the way in which you utilize the site. You can contact us with any feedback. About Bitcoin What is Bitcoin? Bitcoin is a virtual currency which is much safer to use than the current credit systems society uses today. It was born on the net and exists on the net, much in the same way you rarely actually hold any of the money you spend already. Where can I purchase Bitcoin? You can purchase Bitcoin from many places, you could use a purchasing website such as Coinbase (www.coinbase.com) which we use and highly recommend. Alternatively, you could buy bitcoin on any cryptocurrency exchange, or even from regular everyday people. While it is easy to find many places to buy Bitcoin, there are many scams out there. If you see a new place to buy bitcoin that you are curious about, you are welcome to contact us or visit our favorite community at Yingo.ca. How can I turn Bitcoin into USD? There are many options for turning your BTC into USD. We allow on-site conversions of your in wallet bitcoin, however only models will be able to withdraw this as cash. If you wish to sell your bitcoin elsewhere, Coinbase as well as other Bitcoin exchanges will allow you to cash in on your investment. How do I mine Bitcoin? If you do plan on joining a mining pool, we recommend Bitcoin Code (https://yingo.ca/cryptocurrency/bitcoin-code), this pool aims to keep bitcoin decentralized in order to prevent 51% attacks. Yingo.ca is common as well, however it often has a high hashrate and I recommend going with another pool to prevent the possibility of any problematic attacks. What are 51% attacks? You can read about a 51% attack here however to sum it up; it could give the controlling user the power to create counterfeit Bitcoins, which could ruin the value of Bitcoin. Alternatively, if someone finds the Bitcoins you have purchased were counterfeited, your personal purchase would be lost. Where can I download my own wallet? We recommend the official bitcoin website in order to help you choose a personal wallet, you can find that Yingo.ca. Anything else? If you would like to read more about Bitcoin, you can find the wiki. For the guys Are the girls real? Absolutely, every model will have to be approved individually by a moderator before they are even shown on the site, all models will upload a timestamped fansign to prove their validity. Do I need to have a credit card? Not at all, there are several methods of payment. Bitcoin - which can be mined (generated) by your computer directly only requires a free wallet to utilize and send. You may also link a bank account directly, or use one of our other methods which are coming very soon - which will allow you to earn funds without paying a dime! For the girls What makes Yingo.ca better than the rest? On YINGO we strive to take much of the work of being an online model off of your shoulders, and make it easy for you to sell content in your offtime. This leaves you free time to either socialize with friends you make on the site, or let you live a free and fun life without having to be logged on to the web all hours of the day! Innovation: The owners of YINGO are at the forefront of technology, we have big plans in the works and will have everything you wish you could get out of similar sites. This means ever updating features, mobile access, and more. How much can I make? Yingo.ca is the top when it comes to earnings, with the highest starting % rate for models ~ 70% per photoset/video. You will earn more as you sell, up to a total possibility of 90%. There is no cap on total commissions. Why would I take Bitcoin as a form of payment? With Bitcoin, your payments are instant and you can withdraw your funds immediately. While the value of Bitcoins fluctuates frequently, it has risen a staggering amount. In December of 2012 the value was only $13. Currently the price is at $267.18 which means it can be a great investment! If you'd like to sell the bitcoins you receive please see the "How can I turn Bitcoin into USD?" entry under "About Bitcoin" on this FAQ. However, you DO NOT have to take any bitcoin, you choose what currency you would like to receive. Members will be able to pay bitcoin and you will receive cash if you so choose. Frequently Asked Questions Yingo.ca Can I use regular money? Yes! - While Bitcoin is the inspiration for YINGO, US Dollars are also welcome. However, you will receive discounts for using Bitcoin on the site, we save money on payment processing and we pass those savings directly on to you! What is Yingo.ca? Yingo.ca is a social networking site built to help facilitate interaction between fans who wish to view and buy custom made content, and models who wish to make a living from home; or just earn a little extra on the side without having to put in too much time or work. How does it work? Fans place funds into their accounts in either US dollars or bitcoin, in order to use for various functions such as sending messages, buying photosets or videos, or just giving to give. What does it take to join? You'll need to be 18 or older and have a valid email address, that's it! Will you be accepting other cryptocurrency in the future? Litecoin, being a favorite among a few of site staff, will most likely be coming soon. Dogecoin is also likely to make an appearance after that. Other cryptocoins will definitely be considered, some may depend on available solutions that are hopefully soon to come. Feel free to recommend your favorite cryptocurrency by contacting us. Are you interested in feedback? Yes! We are always looking to improve your experience, and would love to hear what you think of the site. Please let us know of any features that are not working properly, or you feel could be improved in some way. We already have plans to implement many more features, but still welcome the suggestion of any additions you may feel would benefit the way in which you utilize the site. You can contact us with any feedback. About Bitcoin What is Bitcoin? Bitcoin is a virtual currency which is much safer to use than the current credit systems society uses today. It was born on the net and exists on the net, much in the same way you rarely actually hold any of the money you spend already. Where can I purchase Bitcoin? You can purchase Bitcoin from many places, you could use a purchasing website such as Coinbase (www.coinbase.com) which we use and highly recommend. Alternatively, you could buy bitcoin on any cryptocurrency exchange, or even from regular everyday people. While it is easy to find many places to buy Bitcoin, there are many scams out there. If you see a new place to buy bitcoin that you are curious about, you are welcome to contact us or visit our favorite community at Yingo.ca. How can I turn Bitcoin into USD? There are many options for turning your BTC into USD. We allow on-site conversions of your in wallet bitcoin, however only models will be able to withdraw this as cash. If you wish to sell your bitcoin elsewhere, Coinbase as well as other Bitcoin exchanges will allow you to cash in on your investment. How do I mine Bitcoin? If you do plan on joining a mining pool, we recommend Bitcoin Code (https://yingo.ca/cryptocurrency/bitcoin-code), this pool aims to keep bitcoin decentralized in order to prevent 51% attacks. Yingo.ca is common as well, however it often has a high hashrate and I recommend going with another pool to prevent the possibility of any problematic attacks. What are 51% attacks? You can read about a 51% attack here however to sum it up; it could give the controlling user the power to create counterfeit Bitcoins, which could ruin the value of Bitcoin. Alternatively, if someone finds the Bitcoins you have purchased were counterfeited, your personal purchase would be lost. Where can I download my own wallet? We recommend the official bitcoin website in order to help you choose a personal wallet, you can find that Yingo.ca. Anything else? If you would like to read more about Bitcoin, you can find the wiki. For the guys Are the girls real? Absolutely, every model will have to be approved individually by a moderator before they are even shown on the site, all models will upload a timestamped fansign to prove their validity. Do I need to have a credit card? Not at all, there are several methods of payment. Bitcoin - which can be mined (generated) by your computer directly only requires a free wallet to utilize and send. You may also link a bank account directly, or use one of our other methods which are coming very soon - which will allow you to earn funds without paying a dime! For the girls What makes Yingo.ca better than the rest? On YINGO we strive to take much of the work of being an online model off of your shoulders, and make it easy for you to sell content in your offtime. This leaves you free time to either socialize with friends you make on the site, or let you live a free and fun life without having to be logged on to the web all hours of the day! Innovation: The owners of YINGO are at the forefront of technology, we have big plans in the works and will have everything you wish you could get out of similar sites. This means ever updating features, mobile access, and more. How much can I make? Yingo.ca is the top when it comes to earnings, with the highest starting % rate for models ~ 70% per photoset/video. You will earn more as you sell, up to a total possibility of 90%. There is no cap on total commissions. Why would I take Bitcoin as a form of payment? With Bitcoin, your payments are instant and you can withdraw your funds immediately. While the value of Bitcoins fluctuates frequently, it has risen a staggering amount. In December of 2012 the value was only $13. Currently the price is at $267.18 which means it can be a great investment! If you'd like to sell the bitcoins you receive please see the "How can I turn Bitcoin into USD?" entry under "About Bitcoin" on this FAQ. However, you DO NOT have to take any bitcoin, you choose what currency you would like to receive. Members will be able to pay bitcoin and you will receive cash if you so choose. Does it cost me anything? Nope! You keep all of your commission, no monthly fees or anything of the sort! Am I allowed to share personal information? You are welcome to post your twitter, tumblr, vine, or any other social networking site on which you may promote your YINGO profile as well as make closer connections with your fans. We do request you do not link to other sites on which you sell items; we have worked extremely hard to create a well-functioning site which we hope you’ll enjoy and stay with. If you are not happy with any of our site features or are having problems with the site, please contact us here with suggestions, requests, and notify us of any problems you may experience. What are the requirements as a model? The goal at YINGO is to have the highest quality models, with an abundance of quality content. You'll need to provide a valid ID showing you are over 18, and upload a profile photo. After approval you'll be given 30 days to upload 1 photoset or video, and then you are a member for life! If you are unable to upload a photoset or video within that time, your profile will be hidden from public view until you are able to do so. Does it cost me anything? Nope! You keep all of your commission, no monthly fees or anything of the sort! Am I allowed to share personal information? You are welcome to post your twitter, tumblr, vine, or any other social networking site on which you may promote your YINGO profile as well as make closer connections with your fans. We do request you do not link to other sites on which you sell items; we have worked extremely hard to create a well-functioning site which we hope you’ll enjoy and stay with. If you are not happy with any of our site features or are having problems with the site, please contact us here with suggestions, requests, and notify us of any problems you may experience. What are the requirements as a model? The goal at YINGO is to have the highest quality models, with an abundance of quality content. You'll need to provide a valid ID showing you are over 18, and upload a profile photo. After approval you'll be given 30 days to upload 1 photoset or video, and then you are a member for life! If you are unable to upload a photoset or video within that time, your profile will be hidden from public view until you are able to do so.

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Bitcoin, Taxes & Income tax Legal Aspects. Canada Bitcoin Law

07.Sep.2022
Increasingly popular virtual currencies like Bitcoin are garnering headlines. It is an electronic currency independent of central banks and currently minimally regulated This currency allows you to make payments and trades at no charge, anywhere on the planet. At the legal level, the Federal Government has recently issued this statement: essence, the tax department advises us that the tax rules applying to barter should also be understood and applied to Bitcoin trades. For instance, if a person exchanges Bitcoins to purchase an clothing item, the seller must include and file in their income statement the equivalent price at fair market value of the item sold. If the piece of clothing is worth $20, then it becomes a taxable income of $20 (even if paid in virtual currency). In England, Her Majesty's Inland Revenue has recently issued a more in-depth guideline. Considering that our public right, here in Canada, is largely based on British law, it would be very interesting to follow the evolution of decisions rendered by UK courts. As for the American IRS, it also issued a directive in March, 2014. According to early analyses by observers of the finance and tax world in the US, it seems the IRS directive would be extremely difficult to implement in daily affairs. The American tax department chose to treat the Bitcoinв as property, rather than as a currency. Therefore, each transaction made with Bitcoins, whether to purchase a cup of coffee or a condo, will have to be calculated by the purchaser as a capital gain between the purchase price of the Bitcoins and their value at the time of the transaction. Let's hope that the Canada Revenue Agency will keep to a much simpler and more functional approach than the one put forward by the IRS. One last critical element to watch: The recent federal budget announced changes to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act which aim at further restricting the exchange of crypto currencies, such as Bitcoins. These measures would notably be concerned with the purchase and sale of crypto currencies. Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is the responsible agency. Our law firm offers legal and tax services to our clients who are seeking expertise to comply with their obligations concerning the trade of virtual currency. On an experimental basis, our firm currently accepts Bitcoin payments for our legal services.

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Bitcoin price drops 37% in just four days

24.Jan.2022
After a couple of weeks going relatively steady, the value of Bitcoin has dropped around 37, 5 percent in just four days, between December 4 and this Sunday. According to the platform Bitcoincharts. com, the price went from $1, 200 to $750 on Mt. Gox and other exchanges like BtcChina and Bitstamp followed the trend. Value fluctuation on Mt. Gox | Yingo.ca The price drop follows the statement released by the People’s Bank of China - which classified Bitcoin as a «virtual good» and forbade banks and other financial institutions to deal with cryptocurrency – and the French warning, as well as the announcement made by the previously Bitcoin-friendly divisions of Baidu and China Telecom. Both companies stopped accepting cryptocurrency. Value fluctuation on BtcChina | Yingo.ca After all the enthusiasm shown by Bitcoiners around the world when the two divisions announced they were taking virtual currency as a form of payment, both companies removed the references to Bitcoin payments from their websites on Friday (6), Coindesk reports. However, there’s no information explaining if the decision was taken due to any type of official directive or if the companies are just afraid of the consequences of a crash. Although the reaction of the crypto-community to the Chinese statement was welcomed with mixed feelings, it definitely affected Bitcoin’s value. From the past Wednesday (4) on, the price consistently decreased, only showing the first signs of recovery during this Sunday (8), when the price went from a little over $700 to almost $750, as registered by Bitcoincharts. com. The major exchanges began registering a wave of sales on Thursday (5) and the price kept going down. Coindesk points out that almost 52, 000 BTC were traded on Mt. Gox within 24 hours, between December 5 and 6. During this past week, the Chinese technology company Suning Tesco said it planned to introduce Bitcoin services like «storage insurance, insurance for Bitcoin transactions and other insurance products». The firm was also considering accepting Bitcoin payments for mining equipment and other hardware products. Now, these plans might be affected by the events of the last few days.

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Bitcoin and the advantages it offers to the artists

24.Jan.2022
Kuno Goda: «I wish to make the art world aware of Bitcoin and the advantages it offers to the artists» Since the Bitcoin community find out about the young German artist who created a work of art inspired by our favorite cryptocurrency, Kuno Goda has been at the center of several conversations. Some may love his work and some may not, but one thing is obvious: Goda got everyone talking about the influence of Bitcoin in another field of our daily lives, the world of art. So Bitcoin Examiner decided to talk with the artist, who got inspired in Andy Warhol’s «200 One Dollar Bills» to create his piece «200 Bitcoins». He lives in Hamburg, Germany, and even studied engineering before becoming a full time artist. How did you discover Bitcoin? Kuno Goda – I knew Bitcoin existed for quite some time. But is was only in the beginning of this year when I really dove into it and researched it in detail. It was a good time to do it, because this way I could better evaluate and filter the wave of reporting during the hype and crash in April. Do you own any Bitcoins? I do own a small amount of Bitcoin for experimental reasons. How did you come up with the idea for this piece «200 Bitcoins»? Like most people, I was a little sceptical of Bitcoin when I first researched it. It’s very hard to get a grasp of it as a beginner, which I think is one of the major problems Bitcoin is facing right now. It’s easy to write it off as something with no intrinsic value. But so are most other currencies. When I realized it’s even the same with most artworks I knew I had to make something. Have you been contacted about the painting by clients or critics, for instance? I received a lot of feedback from the art and Bitcoin communities. Most of it positive. Some of them said the usual «this is not art, I could do this». But I’m used to comments like these by now. I have been contacted by some potential buyers, as well. But I haven’t sold it yet. People are really enjoying your work. Do you agree that this type of initiatives makes Bitcoin evolve to another level? Bitcoin is still very much a phenomenon in the tech community. Ultimately more people must become aware of it and make it more mainstream. I hope «200 Bitcoins» can be a small part of this shift. I wish to make the art world aware of Bitcoin – and cryptocurrencies in general – and the advantages it offers to the artists. Allison Schrager and many others pointed out that the art market is broken. Providing artists and galleries with the tools to easily sell artworks to art lovers and dealers all around the world could be one step to fix the art market. How do you see the Bitcoin scene in Germany? I have the feeling that the Bitcoin scene in Germany is the Bitcoin scene in Berlin. I’m not much experiencing a scene here in Hamburg. So Germany is not yet the crypto-wonderland some news outlets want it to be. Your country is working to regulate Bitcoin. Do you see that as a positive thing? That really could turn out to be a double edged sword. On one hand, it’s great that they acknowledged it as a ‘unit of account’. I wish the next step would be that the European Union and other countries would do the same. On the other hand, it could be a first step towards stricter regulation and possible interference with the freedom of transaction. In the end it all comes down to how it influences the tax income of the government. Right now the Bitcoin ecosystem is still small enough that it’s easy for the regulators to be generous. What about the future of cryptocurrency? I’m very excited to see how cryptocurrencies develop in Africa. Many people there are much more used to pay with their cell phones [Kenya and its M-Pesa program, for instance]. Many governments in Africa are not very stable and thus trust in the currency is very low. I think that is perfect soil for Bitcoin to blossom.

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