Cryptocurrency and tax challenges

Cryptocur currency has been in the news recently because the tax authorities believe they can be used to launder money and avoid taxes. Even the Supreme Court appointed a special investigative team on black money recommended that trade in such currency be discouraged. While China was reported to have banned some of its largest Bitcoin trading operators, countries such as the US and Canada have legislation in place to restrict cryptocurrency stock trading.

What is Cryptocurrency?

Cryptocurrency uses, as its name suggests, encrypted codes to complete a transaction. These codes are recognized by other computers in the user community. Instead of spending paper money, an online ledger with regular posting records is updated. The buyer's account is debited and the seller's account is credited to such currency.

How are transactions made on Cryptocurrency?

When a transaction is initiated by a user, her computer sends a public digit or public key that interacts with the private digit of the person receiving the currency. If the recipient accepts the transaction, the starting computer attaches a piece of code on a block with several of such encrypted codes, which is known to every user in the network. Special users called & # 39; Miners & # 39; can attach the extra code to the publicly shared block by solving a cryptographic puzzle and earn more cryptocurrency along the way. Once a miner has confirmed a transaction, the entry in the block cannot be changed or deleted.

BitCoin, for example, can also be used on mobile devices to make purchases. All you have to do is let the recipient scan a QR code from an app on your smartphone or bring them face to face using Near Field Communication (NFC). Note that this is similar to very common online wallets such as PayTM or MobiQuick.

Die-hard users swear by BitCoin for its decentralized nature, international acceptance, anonymity, permanent transactions and data security. Unlike paper currency, no central bank controls inflationary pressure on cryptocurrency. Transaction ledgers are stored in a Peer-to-Peer network. This means that each computer chip in its computing power and copies of databases is stored on any such node in the network. Banks, on the other hand, store transaction data in central storage locations, which are in the hands of private employees of the firm.

How can Cryptocurrency be used for money laundering?

The very fact that there is no control over central banks or tax authorities' control over cryptocurrency transactions means that transactions may not always be felt for a particular individual. This means that we do not know whether the transaction has been legally obtained or not. The trader’s shop is similarly suspected as no one can tell what was taken into consideration for the currency received.

What does Indian law say about such virtual currencies?

Virtual currencies or cryptocurrencies are commonly considered software pieces and are therefore classified as a commodity under the Sale of Goods Act, 1930.

Being a good indirect tax on their sales or purchases as well as GST on the services that miners provide would apply to them.

There is still some confusion as to whether cryptocurrencies are valid as the currency of India and RBI, which has authority for clearing and payment systems and prepaid marketable instruments, has certainly not allowed buying and selling through this exchange medium.

Thus, any cryptocurrency received by a resident of India would be subject to the Currency Management Act, 1999, as an import of goods into that country.

India has allowed the trading of BitCoins in special exchanges with built-in safeguards for tax evasion or money laundering and enforcement of Know Your Customer norms. These exchanges include Zebpay, Unocoin and Coinsecure.

For example, those who invest in BitCoins invest for received dividends.

Capital gains received due to the sale of securities involving virtual currencies are also liable to be taxed as income and, as a result, online filing of IT returns.

If your investments in this currency are large, you are better off getting help from a personal tax service. Online platforms have eased the process of fiscal compliance by far.

Forex Price Moving – Basic V Technical Analysis, Which Should You Use?

The goal of currency trading is to take advantage of exchange rate movements in Forex, and here we will look at the two types of analysis that are basic and technical and see which ones are best. So which method is best for you? Let's find out.

First, let's look at the basic analysis, which is the study of supply and demand facts to find out where prices can go in the future. By studying economic and political events, the FX trade then buys or sells this news.

The problem with basic analysis is – even though we all have the same facts to look at, we all draw different conclusions from them. Dealers do not respond to news and see it logically, they respond to feelings of greed and fear as well, which means you cannot trade the news with profit.

If you look at foreign exchange markets, it's not news that & # 39; & # 39; s important traders reaction to it & why, do you see markets break when the news is best and rally when it is & # 39; s worst.

The problem when studying basic elements is this kind of study that does not take into account that traders are emotional beings, and this is where the technical analyst has a huge advantage.

If you use technical analysis, you just assume that the basic supply and demand situation will be reflected in price action, but of course you don't just see the news, you see how every trader has acted in relation to it and the price you see gives you all the news and the business Psychology at the same time.

If you want to win at Forex trading, not only is using Forex charts a better way to trade than trying to trade the news, it also takes a lot less time. FX Technical Analysis allows you to search for triple digit gains simply by following the price action and is the best way to trade Forex.

Cryptocurrency – Stay informed

Cryptocurrency seems to be the hottest investment products going around. Turns on any of your friend’s conversation, it’s about bitcoins. All workplace chat is also about virtual currencies. Buzzword over online chat rooms is also about cryptocurrency these days. A quiet economic revolution is taking place, thanks to the rising popularity of these virtual currencies.

It goes without saying that if you want to make it big in the world of bitcoin, then you must have a nose for the news. Now that you've narrowed down your list to a few cryptos, you'll have to analyze and decide which ones have the potential to trade higher and faster than the rest. This is why you have to keep up with the news. You scan for information on blockchain trends from various sources. These days, several business channels spend exclusive time on these trends.

Another potential source of information may be others dealing in virtual currency. Teach a few of those who are very good at trading and pick their brains for valuable information. The internet is a great way to get in touch with such experts. You can find them through online forums. Keep in touch with them on a regular basis. Similarly, you can also subscribe to sites that specialize in cryptocurrency trading. This way you can make sure you do not miss important news.

Good sources of information about cryptocurrencies can be obtained from various organizations. They offer lots of information about the blockchain ecosystem. The website of this organization offers extremely detailed information on digital currencies.

Keep your coins safe

Security is another thing that is crucial when dealing with cryptocurrency. Since you will need to create and use multiple passwords for different accounts, it is suggested that you use a password manager. Make sure you use a powerful antivirus on your computer. A good firewall is also mandatory to ensure the perfect security of your data and online transactions.

Another important thing to follow is to never reveal how much you traded with cryptocurrencies online. This applies both offline as well as online. Also, never make the mistake of clicking someone's links on crypto groups. You can then easily end up downloading a virus to your computer. It is known that most sites in these groups contain viruses.

Never go out of style Recreational City – To New York

If you enjoy the winter in its rich form, if you have fun surrounded with all the hustle and bustle of a busy cosmopolitan life, if you feel you are enjoying great pictures amidst the natural beauty and urban scenery and if you want to live incredibly, experience again and again, be sure to love New York City. If one starts counting, we can give hundreds of different reasons to love this very appealing and very popular holiday destination. With excitement in several shapes and sizes, colors and shades, NYC is the storehouse of an endless number of special items waiting for you. And according to the traffic that flows into the city every day, you can find a cheap flight to New York in jiffy.

Continuously in a buzzing state, NYC is a thriving place for all things interesting and really interesting. Housing some of the most valuable attractions around the world, it makes one feel overwhelmed at the end of it all. With so many different people calling to New York, you will surely find a cultural landscape that dazzles with its diversity and dynamism. Then you can make sure of one thing, the act of enjoying several culinary trips that will take you to different corners of the world. Gather so much awe and astonishment and enjoy great city tours, with the permission of discounted tours and excursions, just a few ways to know and understand NYC from nearby. Capture a piece of history or a piece of heritage by visiting major landmarks such as the Empire State Building, Ground Zero, Statue of Liberty, Times Square, Metropolitan Museum, Ellis Island, Rockefeller Center, Top of the Rock and South Street Seaport.

Providing a fun holiday in New York is something that any tourist can do, be it a family vacationer, a discerning young couple, a group of friends or older people. The city is full of cheap options such as cheap hotels and bed and breakfasts, local restaurants and extended happy hours at top restaurants, year-round sales, free events and festivals, one-ticket tickets to several of the city's attractions and reasonably priced tours around the surrounding communities.

Great fun, good food and everything in between, NYC's nightlife is definitely a rock. Legendary lounges, cozy cafes, bars of all types and kinds, vicious pubs, elegant discos, amphitheatres and comedy clubs, do we need to say more about NYC's many exciting places to go after sunset?

Important Forex News of 2018

We all know that news is an important part of our lives. No morning is done for us without catching a glimpse of the newspaper while sipping a hot cup of tea. But along with all the news about what is happening around, it is good if you are familiar with what is happening inland in connection with business, currency exchange, etc., and how the country's economy is managed. There are many websites, magazines and even mobile phone applications where you can read Forex news and know how currency brokers are progressing and putting in their hard efforts to maintain the financial market in the country effectively. Tell us about some of the latest currency treatments that give us a deeper overview of different countries & # 39; financial markets, foreign exchange policies and the country's overall financial condition.

China's Central Bank has spent its second largest amount on Forex in the year 2018

Iris Pang, an economist at ING, has confirmed that the Central Bank of China had spent $ 91.58 billion in Forex purchases in 2018. This has proven to be the second largest amount ever spent on foreign exchange purchases in 2018, while the largest amount ever spent on foreign exchange purchases was in September of the same year 2018 and was as high as $ 119.39 billion dollars.

This is a testament to the fact that currency purchases have become an integral part of the economy of different countries and a markedly high proportion of different countries & # 39; budgets go to currency purchases. Forex brokers are really important in managing the foreign market as they help a lot in the currency exchange.

EUR is expected to trade sideways from now

Various UOB analysts have suggested that the EUR is expected to trade sideways from now on. The current upward pressure has been alleviated and it is for this reason that the EUR is likely to trade sideways, at least so far, probably in the broad range from 1.128 to 1.144. It is expected that it may take up to several weeks for the EUR to finally go through these levels. Various indicators are almost flat right now and the recent move indicates the consolidation phase.

USD falls, GBP at cloud nine

The UK pound is the clear winner in the recent session. It remained at its highest for more than a week and remained at 1.29. EUR is still 1.14, which has been slightly upgraded due to the Brexit headlines. While GBP is hovering high as seen before, the United States dollar is not meeting expectations in most parts. It falls behind its peers except for NZD and AUD.

Such news gives us a lot of details about financing and currencies in different countries, don't they?

Is there a relationship between Dow Jones & Cryptocurrency?

After a pretty good bull run, the Dow Jones Industrial Average has had a tough few weeks. Cryptocurrency is also experiencing a correction. Can there be a connection between the two investment worlds?

We need to be careful about using vague terms such as "bull and bear markets" as we cross into each investment space. The main reason for this is that during its amazing 2017 bull run, cryptocurrency saw gains of well over 10x. If you put $ 1,000 into Bitcoin in early 2017, you would have earned well over $ 10,000 by the end of the year. Traditional equity investment has never experienced anything like it. In 2017, the Dow rose approx. 23%.

I’m really careful when reviewing data and charts because I realize you can make the numbers say what you want them to say. Just as crypto saw huge gains in 2017, 2018 has seen an equally rapid correction. The point I am trying to make is that we have to try to be objective in our comparisons.

Many who are new to the cryptocurrency camp are shocked by the recent crash. All they heard was how all these early adopters got rich and bought Lambos. For more experienced traders, this correction was pretty obvious due to the skyrocketing prices of the last two months. Many digital currencies recently made many people overnight millionaires. It was obvious that they sooner or later want to take some of this profit off the table.

Another factor that I think we really need to consider is the recent addition of Bitcoin futures trading. I personally believe there are great powers at work here, led by the old guards who want to see crypto fail. I also see futures trading and the excitement around crypto ETFs as positive steps towards making crypto mainstream and considered a "real" investment.

Having said all that, I started thinking, "What if there is some connection here somehow?"

What if bad news on Wall Street affected cryptocurrencies such as Coinbase and Binance? Could it cause them both to fall on the same day? Or what if the opposite was true and it caused the crypto to rise as people were looking for somewhere else to park their money?

In the spirit of not trying to hide the number and remain as objective as possible, I wanted to wait until we saw a relatively neutral playing field. This week is about as good as any, as it represents a period when both markets saw corrections.

For those unfamiliar with cryptocurrency trading, unlike the stock market, stock exchanges never close. I've been trading stocks for over 20 years and know all too well the feeling of sitting on a lazy Sunday afternoon thinking,

"I really wish I could trade a position or two right now because I know when the markets open, the price will change significantly."

That Walmart-like availability can also lend to knee-jerk emotional reactions that can snowball in either direction. With the traditional stock market, people have a chance to press the pause button and sleep on their decisions overnight.

To get the equivalent of a one week cycle, I took the last 7 days of crypto trading data and the last 5 for DJIA.

Here is a side-by-side comparison over the past week (3-3-18 to 3-10-18). The Dow (due to 20 of the 30 companies it consists of losing money) dropped 1330 points, representing a 5.21% decline.

For cryptocurrency currencies, comparing apples to apples is a little different because a Dow technically does not exist. This is changing, though so many groups are creating their own version of it. The closest comparison at this point is to use the top 30 cryptocurrencies in terms of total market size.

According to coinmarketcap.com, 20 of the top 30 coins were down in the previous seven days. Do you sound familiar? If you look at the entire crypto market, its size dropped from $ 445 billion to $ 422 billion. Bitcoin, considered gold standard equivalent, saw a 6.7% decline over the same timeframe. As for Bitcoin, so go altcoins.

Random or causal? How is it that we saw almost similar results? Were there similar reasons for the game?

Although the price drop appears to be similar, I find it interesting that the reasons for this are very different. I told you before that numbers can be deceiving, so we really need to pull back the layers.

Here are the key news affecting the Dow:

According to USA Today, "Strong wage data have triggered fears of future wage inflation, raising concerns that the Federal Reserve may need to raise interest rates more this year than the three times it originally signaled."

Since crypto is decentralized, it cannot be # manipulated with interest rates. This could mean that higher interest rates in the long run can cause investors to spend their money elsewhere in search of higher returns. It was crypto that could very well come into play.

If that wasn't the interest rate, then what is the cryptocurrency?

This is mainly due to conflicting news from several countries about what their attitude will certainly affect the market. People around the world are worried whether countries will even allow them as a legal investment.

This past week there was some positive news from congressional testimony from Jay Clayton (SEC chairman) and Christopher Giancarlo (CFTC chairman). The sense was that while they would eliminate bad players and ensure AML laws were followed, they also wanted to allow for innovation.

It certainly seems that the connection in similar results between the two worlds is uncertainty.

We all know that markets do not like uncertainty. But uncertainty is fleeting. What causes worry one day can sometimes be resolved overnight. There are also times when the news is so staggering that it hits the market for months and even years.

The key is to search through all this information and decipher what is real and what is not.

Because I am long on both stocks and cryptocurrencies, I think it can be quite rewarding to keep an eye on both sides. The opportunity for profit exists almost every day. This is especially true in crypto, as I have often bought a coin that just dropped 30% over the past day and then dropped another 30% the following, but recovered all this and more within a week.

I would recommend getting as diversified as necessary (this varies with each situation). There are days when one is up and the other down. For a moral boost, it's & # 39; rt to have the opportunity to log in to the account that had the better day. If you have accounts in both worlds, you may want to relate to this.

One thing is for sure, crypto is here to stay and will certainly make investment more interesting.

How does Cryptocurrency get value?

Cryptocururrency is the latest & # 39; big thing & # 39; in the digital world and has now been recognized as part of the monetary system. In fact, enthusiasts have tagged it as & # 39; the revolution of money & # 39 ;.

Under clear terms, cryptocurrencies are decentralized digital assets that can be exchanged between users without the need for a central authority, the majority of which are created through special computational techniques called & # 39; mining & # 39 ;.

Acceptance of currencies such as the US dollar, the Great British Pound and the euro as legal tender is because they are issued by a central bank; digital currencies, such as cryptocurrencies, do not depend on public trust in the issuer. As such, several factors determine its value.

Factors that determine the value of cryptocurrencies

Principles of free market economy (mainly supply and demand)

Supply and demand are an important determinant of the value of any of the value, including cryptocurrencies. This is because if more people are willing to buy a cryptocurrency and others are willing to sell, the price of that particular cryptocurrency will rise, and vice versa.

Mass Adoption

Mass adoption of any cryptocurrency can shoot its price to the moon. This is because many cryptocurrencies have their supply limited to a certain limit, and according to economic principles, an increase in demand without a corresponding increase in supply will lead to a price increase for the particular commodity.

Several cryptocurrencies have invested more resources to secure their mass uptake, with some focusing on the use of their cryptocurrency to squeeze personal life issues as well as crucial day-to-day issues with the intention of making them indispensable in everyday life.

Fiat inflation

If a fiat currency, such as USD or GBP, is inflated, its price rises and its purchasing power declines. This will then cause cryptocurrencies (let's use Bitcoin as an example) to increase in terms of this fiat. The result is that you will be able to acquire more of this fiat with each bitcoin. In fact, this situation has been one of the main causes of Bitcoin & # 39; s price increase.

History of scams and cyber attacks

Scams and hacks are also core factors affecting the value of cryptocurrencies as they are known to cause wild swings in valuations. In some cases, the team that supports a cryptocurrency may be scammers; they pump up the price of cryptocurrency to attract unsuspecting individuals, and when their hard-earned money is invested, the price is cut by the scammers who then disappear without a trace.

Therefore, it is imperative to be wary of cryptocurrency scams before investing your money.

Some other factors to consider that have an impact on the value of cryptocurrencies include:

  • Manner where cryptocurrency is stored, as well as its utility, security, ease of acquisition and cross-border acceptability

  • The strength of the community that supports cryptocurrency (this includes funding, innovation and loyalty of members)

  • Low associated risks of cryptocurrency as perceived by investors and users

  • news Atmosphere

  • Market liquidity and cryptocurrency volatility

  • Country rules (this includes banning cryptocurrency and ICOs in China and its acceptance as legal tender in Japan)

Everything you need to know about using litecoins

Litecoins are a form of cryptocurrency that has grown in popularity in response to the demand for alternative currency options from consumers around the world. This currency works much like ordinary world currencies. Traders and investors have realized the great potential that this currency has to offer, and it is heavily traded by both novice and experienced investors. The best way to get the most out of Litecoin trades is to utilize the services of a Litecoin broker. There are many Litecoin brokers available who have excellent reputation for providing their clients with excellent service. These brokers will be able to help traders make sound decisions about their investments.

When you hire a good Litecoin broker, they will have many tools and resources available to make sure your trades go smoothly. Perhaps the most used tool of these brokers is the Litecoin news widget. This widget can be fully customized to meet your specific needs. It provides ongoing updates on cryptocurrency news and other relevant information so you will be interested in the latest news developments when released on the wires. The following provides insight into what exactly this cryptocurrency is and how it can be used and obtained in addition to trading it.

What are Litecoins?

Litecoins is a form of virtual currency that can be obtained and used to buy and sell various services and products such as jewelry, clothing, food and electronics. Since this currency is only used online, its value is determined by demand on currency trading sites. This cryptocurrency can be traded or it can be mined. When mining for the currency, the process can be a daunting task. Computers solved mathematical equations and they are rewarded as a result. Almost any good computer can be exploited for the currency, but statistically the odds of success are low and it can take days just to make a few coins.

The difference between Litecoins and Bitcoins

The main difference is that Litecoins can be bought much faster than Bitcoins and their limit is set at 84 million, whereas Bitcoin & # 39; s limit is only 21 million in comparison. Bitcoins are accepted in several online stores, but Litecoins are gaining in popularity every single day. The currency is decentralized, so this is a big advantage for the traders. Costs are expected to be lower than Bitcoin costs as cryptocurrency becomes more widely known.

6 main airlines offering cheap flights to Barbados

People wishing to visit Barbados by air can rely on airlines operating in a number of major cities around the world. These flights will take you to Grantley Adams International Airport, located at the southeastern tip of the island. It is one of the largest airports in the Caribbean and is about 16 miles or 10 miles from Bridgetown. Below, you can find the 6 main airlines that offer cheap flights to Barbados.

British Airways

British Airways offers many Barbados flights all year round. Their direct flights, however, usually originate from London Gatwick, which lasts 8 hours and 50 minutes. Passengers arriving from Manchester via British Airways will first have to make a stopover in Gatwick and then to the island aboard the above flight.

Virgin Atlantic

Virgin Atlantic Airways also has Barbados flights for visitors traveling from London and Manchester. Unlike Manchester British Airways, Virgin Atlantic offers a direct flight to Barbados Island from Manchester City's Ringway International Airport with a total flight time of 8 hours and 40 minutes. These flights fly twice only on Mondays and Fridays.

American Airlines

American Airlines is the most popular air carrier among United States passengers bound to Barbados. They offer cheap flights to the island from New York, Miami and Dallas. There are direct flights to Barbados from each of these cities. Other times you will have to move from one state to another to catch a connecting flight to Barbados (eg New York -> Miami -> Barbados). The flight from New York to Barbados will take 4 hours and 40 minutes. A flight from Miami requires a shorter flight time of 3 hours and 25 minutes, while a flight from Dallas will take more than 7 hours for 1 or 2 stops.

Air Canada

If you're traveling from Canada, Air Canada offers cheap direct flights to Barbados from Pearson International Airport (YYZ) in Toronto, Ontario. The shortest flight from Toronto to Barbados aboard Air Canada will take 5 hours and 5 minutes. Air Canada also offers a flight from Elliot Trudeau (YUL) in Montreal, Quebec, Barbados, with 7 years and 45 minutes with a stopover in Toronto, Ontario

WestJet

Westjet, one of the latest additions to airlines that travel to Barbados, is another option for visitors arriving from Toronto, Ontario, Canada. Starting operations in 1996 is one of the most common options for people looking for cheap air fares. However, it does not offer Barbados flights every day. You can only rely on this airline on Mondays, Tuesdays, Wednesdays, Fridays and Saturdays. It also has flights to and from the United States and Mexico, making it a great alternative for visitors who were unable to get direct flights to Barbados and therefore require connections with another airline.

Caribbean Airlines

Caribbean Airlines, an airline centered around, brings visitors to and from a number of Caribbean destinations, offering direct flights to Barbados from Jamaica and Trinidad and Tobago. If necessary, you can get to Jamaica from Orlando, Toronto, New York and Philadelphia. You can also fly from Toronto or New York to Trinidad and Tobago.

Barbados can be reached in just 3 and 30 minutes from Montego Bay or 2 hours and 35 minutes from Kingston. From Trinidad and Tobago the direct flight will take only 50 minutes.

Easy ways to reverse Bitcoin volatility in favor

It would be right to say that Bitcoin has had a real explosion in terms of popularity when we talk about cryptocurrency. This very popular cryptocurrency is hit by investors, traders and consumers, and everyone is working to make a kill trade in Bitcoin. It has so much to offer as far as lower fees, transaction speed and increasing value, which may be why most people choose it for their trade. However, this is a turbulent market and to make it big you have to be a very smart trader when selling and buying it. With dedication and discipline, you can turn Bitcoin volatility to your advantage. Here are simple but effective ways you can do just that.

Keep up to date with the latest Bitcoin news

News articles may not all have an impact on this currency, but the truth is that there are some items that can greatly affect its price. By accessing Bitcoin-related news and live news feeds for typical news, you can end up catching something on time so you make decisions that will give you good luck with your trade. It always helps to keep abreast of Bitcoin news and other unexpected news that may have an impact on its performance.

Use stop loss to your advantage

Whether you are just starting out with your trade or have been at it for a while, you need to be prepared for times when losses are inevitable. No one is dealing with the expectation of losing, but chances are always there why the need to implement a reliable stop loss plan. Valuations fluctuate regularly and you need to be prepared for bad days. The market offers tools that you can automatically set to stop losses before they have serious consequences for your profits. Whether you participate in Bitcoin futures markets, CFD or cash, make sure you use stop-loss to keep open positions protected.

Understand technical analysis from the inside out

This is very important before entering the trade. Given that there is no governing body or bank to influence the valuation of Bitcoin, you need to be your own judge in more ways than one. If you do not understand the fundamentals of the market and you do not even know how to analyze price charts or read price actions and use indicators, you are doomed to make the wrong move. Remember, pricing models are largely speculative, making it important for you to know all the technical matters that really matter.

Be careful about your leverage

Gearing has the ability to increase your winnings or magnify your losses as well. If you are too overbearing with your leverage, you will tend to be a little reckless in managing your money, and this blows the trading account at the end. On the other hand, being too careful about your leverage can hinder performance considering that premium traders may not perform at full capacity as expected. When it comes to trading with Bitcoin, you need to take a balancing act to enjoy good returns.
Although blockchains have been dubbed “truth machines,” the industry that surrounds them is anything but straightforward.

Shortly after the Kik messaging app announced this week would shut down its platform due to legal fees resulting from its launch of Kin cryptocurrency, a report emerged claiming that CEO Ted Livingston resigned from the company through drunken text. But the next day, Livingston rejected the report, explaining that he was on an international flight, and therefore not using the internet at the time of the alleged message.
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While anxiety relies on Kik’s cryptocurrency (and an SEC-related litigation), Livingston’s fraud was the perfect time. One teaser who touched Kik near its peak in the news cycle, used CEO resemblance in their communications, and issued statements mirroring those previously published by Kik on her middle blog.

Although the push wasn’t exactly sophisticated (they used the Ted E. Bear Telegraph glove) their misinformation resulted in an article on CoinDesk – after he left – and Livingston’s alleged resignation quickly spread on social media.