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Bitcoin Tax Provision in Infrastructure Bill Passes, PREPARE TO HODL
Recap of everything Bitcoin for Nov, 7th 2021 - Weekend Edition
► Despite all efforts, the infrastructure bill has been passed with horrible Bitcoin tax reporting provisions. This provision will not take effect until Jan. 1, 2024. Till then there will be various Bitcoin lobbying efforts. The senate will now work on a second major spending bill to create an amendment. Although the “broker” definition is very broad, it does not automatically cover miners, node operators, developers, etc - treasury will now interpret this - this is the scary part.
► DeFi protocol bZx has been hacked for the FOURTH time… they are investigating an exploit of a private key leaked to Binance Smart Chain and Polygon deployment.
► Raoul Paul says the Bitcoin community made him uncomfortable, leading him to sell all his Bitcoin to join the ETH community where people say “good morning” and “good night.” As long as you pretend you like each other I guess it doesn't matter if you get scammed!
► Join us today with mining expert, @denverbitcoin, discussing the future of Bitcoin’s hashrate network. After China’s ban, Bitcoin proved itself inevitable and we’re growing everyday back to Bitcoin’s highest hashrate.
✔ Check out our guest, Adam O
► https://twitter.com/denverbitcoin
✔ Get your Bitcoin 2022 Conference Tickets for 10% OFF
► Use Promo Code: SIMPLYBITCOIN
► http://tixr.com/pr/SIMPLYBITCOIN/26217
✔ Daily Fail Sources:
► https://twitter.com/dergigi/status/1457074006637559809?s=21
► https://twitter.com/zachcain10/status/1457146776541032456?s=21
► https://decrypt.co/85360/ethereum-defi-project-bzx-hacked-again-reported-55-million
► https://cryptobriefing.com/polygon-swerves-850-million-hack-ethereum-bridge/
► https://polygon.technology
✔ Epic Memes:
► https://twitter.com/bitcoinliotta/status/1457263688721776644?s=28
► https://twitter.com/denizsaaat/status/1456724560762613763?s=28
► https://twitter.com/DylanMayoralNFT/status/1457410482273464326
✔ BTC News:
► https://twitter.com/jerrybrito/status/1456823501529260033?s=28
► https://twitter.com/cynthiamlummis/status/1457018089762131973?s=28
✔ nix-bitcoin v0.0.57 Released:
► https://github.com/fort-nix/nix-bitcoin/releases/tag/v0.0.57
✔ Check out our Sponsors, support Bitcoin ONLY Businesses:
✔ Crypto Cloaks:
► For all of your 3D printed needs: Bitcoin Node Cases, Lightning Network Code Cases, BTC keychains, coasters, 3D Printed Honey Badgers, wallet mounts and a whole lot more !
►http://www.cryptocloaks.com?afmc=2h&utm_campaign=2h&utm_source=leaddyno&utm_medium=affiliate
✔ Citadel21:
► A Bitcoin cultural zine. Bitcoin culture is rich and varied. It contains a multitude of voices, opinions and flavors. Together they form what is seemingly chaos, but with an abundance of signal. Citadel21 aims to curate this chaos and put some of the best, coolest and weirdest pieces of raw signal on display. Get the latest copy of Citadel 21 while supplies last only 1000 of each volume are made.
► https://www.citadel21.com
✔ Amber App:
► Bitcoin made easy. Amber is the easiest way to invest in Bitcoin. Make instant purchases or set up a recurring investment from as little as $5 a month.
► https://amber.app
✔ CypherSafe:
► When you’ve decided to be your own bank and hold your bitcoin yourself, it’s time to create a physical backup to protect those keys and your bitcoin. CypherSafe offers a full line of physical stainless steel products to help you protect your bitcoin from various modes of failure.
► https://cyphersafe.io
✔ Join our Telegram, Give us Memes to Review!
► https://t.me/TheSimplyBitcoinChannel
✔ Follow Us!
► https://twitter.com/SimplyBitcoinTV
► https://twitter.com/BITVOLT7
► https://twitter.com/Coinicarus
✔ Special Thanks to these Awesome Bitcoiners:
► https://bitcoin.clarkmoody.com/dashboard/
► https://t.me/nobullshitbitcoin
► https://twitter.com/DocumentingBTC
✔ Descriptions & Thumbnails by, Meg:
► https://twitter.com/btcmeg
► We are a proud supporter of Bitcoin only businesses.
DISCLAIMER: All views in this episode are our own and DO NOT reflect the views of any of our guests or sponsors.
Timecodes:
0:00 - Intro
0:20 - BTC Stats
8:55 - Daily Fail
33:36 - Meme Review
36:04 - BTC News
51:44 - Software Release
#Bitcoin #BitcoinDailyNews #BitcoinDailyRecap
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