ilmscore | Ethereum Was Stolen - My Response

Ethereum Was Stolen - My Response

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
Bitcoin is predicted to reach $120,000 in Q4 2021, driven by potential adoption by large companies like Amazon or Google, before a subsequent pullback.
"some Bitcoin analysts say that we could hit a high of a hundred and twenty thousand dollars in the fourth quarter fueled by the potential adoption of larger companies like Amazon or or Google before then dropping back down and resuming normal growth"
BTC
Pending
The current definition of 'broker' in the infrastructure bill is too broad and would impose impossible reporting requirements on cryptocurrency miners, developers, and stakers, forcing them to collect customer data for tax reporting.
"this new language would require their services to gather their customers Social Security numbers addresses and other information to be able to issue them at 1099 and Report exactly who obtained the currency you provided which we all know is pretty much flat out and possible"
Cryptocurrency Regulation
Pending
Multiple attempts to amend or remove the problematic cryptocurrency provisions from the infrastructure bill failed due to objections and disagreements over additional spending.
"but unfortunately it was not that easy Senator Ted Cruz attempted to strike out the entire cryptocurrency provision altogether but failed Senator Cynthia Loomis expanded on the definition of a broker but that fell flat Pat Toomey then drafted a revision correcting the cryptocurrency language with hopes of it passing through with unanimous consent but one person objected with the request to add on an additional 50 billion dollars onto the amendment for defense spending although after some back and forth that was even said to pass through although last minute another person objected to the 50 billion spending provision and after all was said and done these revisions went nowhere"
Cryptocurrency Regulation
Pending
Efforts are underway by some members of Congress and the Treasury Department to clarify the cryptocurrency reporting requirements, making it unlikely for NFT creators or others not acting as traditional brokers to face issues.
"other members of Congress have said that they've worked with the treasury Department to clarify the underlying text and ensure that those who are not acting as Brokers will not be subject to the Bill's report reporting requirements so the chances of you actually getting in trouble because you minted an nft and now they're calling you a brokerage is pretty slim plus there's still some time to make changes before this actually goes into effect"
Cryptocurrency Regulation
Pending
The new cryptocurrency regulations are not expected to take effect until 2023, providing an opportunity for further modifications before implementation.
"these changes are not likely to go into effect until 2023 which gives it another chance at being changed before any long-term damage is done"
Cryptocurrency Regulation
Pending