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Filing Taxes – Home Mortgage Interest Tax Deduction

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How Homeowners Can Get The Maximum Tax Refund.

Owning a home. Ask any homeowner what’s so great about owning versus renting, and most will say “the tax deductions!” That’s right because all homeowners who itemize their taxes are able to deduct 100% of their mortgage interest and property taxes from their income tax returns. But how do you get the maximum tax refund for homeowners? If you don’t own a home yet, there may be good reasons, but the advantages of owning a home far outweigh renting. There are really only two reasons not to own a home-you may live rent free with your parents or friends or perhaps you are planning on moving in 3 years or less. Even if you are single, but plan on staying in the area for more than 3 years, consider buying a home.

The major tax incentive to owning a home is that it allows you to deduct the interest you pay for your mortgage. This is usually the biggest tax break for most people, because a significant amount of your house payment goes toward interest during the early years of a mortgage. The major advantages of being a homeowner when tax season comes around?

Deductible mortgage interest including “points” when you buy your home.

Deductible property taxes on your return.

Deductions for improvements made to your home when you sell.

Up to $500,000 in tax free capital gains profit when you sell your home.

To get the maximum tax refund for homeowners you will have to use Form 1040 and itemize your deductions. If you’re in a 28% tax bracket, the government effectively subsidizes about a third of your borrowing costs, making your home more affordable. Also, your closing costs and points are tax deductible, and hundreds of thousands of dollars of any capital gains profit that you realize when you sell your home are exempt from income taxes.

At tax time, it’s critical to know what you’re entitled to, so you can claim it. So, here are five essential tax tips to get the maximum tax refund for homeowners.

1. Fill out the long form at least once and learn to itemize your deductions.

Nearly 40% of homeowners lose out on the number one tax advantages every year when they fail to itemize their income taxes. If you own a home and otherwise have a fairly simple return, it might be tempting just to take the standard deduction or file Form 1040A. In some cases where your mortgage, property taxes and income are low enough, the standard deduction may be a larger deduction than your itemized deductions. But you’ll never know unless you fill out both forms at least once.

So before you start filling in Form 1040A or 1040EZ, get your paperwork together and answer the questions on tax software like TurboTax, which will automatically do the math on whether itemizing or taking the standard deduction will result in the lowest tax bill.

Why do the extra work? You can only pay less tax, never more by filling out the longer Form 1040.

2. Home office deduction.

The average home office deduction is over $3,000. Of course there are special IRS rules on what you can claim as a home office. The space you claim as your home office cannot be exempted from capital gains tax when you sell your home. Visit the IRS.gov website for complete details.

3. Tax relief for loan modifications, foreclosures and short sales.

The Making Home Affordable ® Program (MHA) ® is an important part of the Obama Administration’s comprehensive plan to stabilize the U.S. housing market by helping homeowners get mortgage relief and avoid foreclosure. To meet the various needs of homeowners across the country, Making Home Affordable ® programs offer a range of solutions that may be able to help you take action before it’s too late. You may be able to refinance and take advantage of today’s low mortgage interest rates and reduce your monthly mortgage payments.

While the long-term housing outlook began improving in 2011, loan modifications are projected to be the peaking this year. Distressed homeowners who are on the brink of a short sale, loan modification or foreclosure should be aware that normally, any mortgage balance that is wiped out by one of these outcomes is taxed as what the IRS calls Cancellation of Debt Income, or CODI.

Under the Mortgage Debt Forgiveness Relief Act of 2007, the IRS is currently not charging income taxes on CODI incurred through a loan modification, short sale or foreclosure on most residences through 2012. But banks are taking many months, or even years, to work out new mortgages. If you see any of this happening in your future, don’t put things off. Get free advice from a housing expert at MakingHomeAffordable.Gov. or call 888-995-HOPE (4673) to speak with an expert.

4. The tax consequences of a refinance or property tax appeal.

Homeowners everywhere are working on applying for a lower property tax bill on the basis of the last few years’ decline in their home’s value. Those who have equity have tried to refinance their existing home loans into the 4% to 5% rates of the last few years. These strategies offer some of the biggest savings today. But here’s a small warning for homeowners who are able to cut these costs. Property taxes and mortgage interest, the very costs you’re minimizing, are also the basis for the major tax benefits of being a homeowner. So plan ahead for your tax deductions to go down along with your taxes and interest.

5. Don’t forget the closing costs.

If you bought or refinanced your home, you may be focused on your mortgage interest and property tax deductions that you forget all about your closing costs. Remember that any origination fees or discount points that were paid to your mortgage lender at closing are tax deductible on your return. When you finance a home, you may pay what are called “points.” Points lower the interest rate on your mortgage by effectively prepaying a portion of the interest at closing. Points are paid by the borrower to the lender as part of the loan deal, and they are a percentage of the loan. Points may also be called loan origination fees, maximum loan charges, loan discount or discount points. If you can’t figure out exactly what you paid, look for your HUD-1 settlement statement. It is full of line item credits and debits that you should have received from your escrow provider or title attorney at closing.

Helpful Hint:There are two things you can count on when you become a homeowner: You get more tax breaks, and your taxes get more complicated. Whether you’ve purchased a single-family home, townhouse or condominium, tax breaks are available to you. It’s time to get familiar with tax forms because that’s where you will have to provide all the details about your new tax-deductible expenses.

Don’t forget PMI premiums on your tax return. PMI is private mortgage insurance premiums on certain mortgages. If you make a down payment of less than 20%, you are generally required to carry private mortgage insurance. This type of insurance is paid for by the buyer but protects the lender in case the borrower stops paying on the loan. PMI premiums can be deducted if the mortgage was issued after 2006. This deduction may be changed in 2012 so check the IRS website for current information.

Final Thought: There are also huge tax savings on the gain when you sell. If you are going to live in your home for at least 5 years considering buying a home just for this reason. When you sell your home, the amount of your gain from the sale is tax-free if you meet the criteria. If you are married, you can have up to $500,000 profit on the sale, and you won’t have to pay tax on the earnings. If you are single, you can earn up to $250,000 profit without paying any federal tax. There’s only one catch: You have to own and occupy your home for at least two of the past five years. Visit IRS.gov for more information.

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Is the Dacxi Chain’s Crowdfunding Tokenization Technology the Key to Crypto 4.0?

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daxci

Since Bitcoin’s 2008 beginnings, the cryptocurrency industry has witnessed several different eras; Crypto 1.0, Crypto 2.0, and the current era of Crypto 3.0.

According to GlobeNewswire, Bitcoin and the concept of payment currencies led the Crypto 1.0 era, while Ethereum spearheaded the era of Crypto 2.0. Crypto 2.0 focused on the underlying blockchain technology behind cryptocurrency, which gave birth to the tokenization revolution. However, following Proof-of-Work (PoW) protocols, certain issues like scalability, high cost, and transaction speeds have remained.

The era of Crypto 3.0 is aiming to solve these issues, by creating more effective tokenization solutions in the general blockchain and crypto industry. Like Cisco and Intel built the infrastructure needed to create the internet, key Crypto 3.0 players are currently building the foundational infrastructure needed to support the token revolution.

This brings us to Crypto 4.0. Where Crypto 3.0 is focused on technology-based solutions, Crypto 4.0 goes a step further – leveraging streamlined tokenization technology to provide tailored solutions that will solve real consumer problems.

There are already a number of projects in the blockchain space working to usher in the industry’s next big evolution.

An emerging leader among these projects is the Dacxi Chain.

What is the Dacxi Chain?

Currently being developed by global WealthTech Company, Dacxi, the Dacxi Chain is a novel global tokenized crowdfunding system. The technology is designed to eliminate the innovation funding gap. “The global enterprise economy comprises thousands of investable ideas and entrepreneurs, a significant proportion of which are unattainable to everyday investors,” says Ian Lowe, the CEO of Dacxi. “The current equity funding sector is worth a whopping $10 billion. However, with the integration of the Dacxi Chain into the sector, we believe the sector could witness a market valuation of up to $1 trillion.”

The Dacxi Chain’s crowdfunding tokenization technology is custom-built to solve customer-centric problems in the crypto space. It will be built on Dacxi’s global network of Crypto Wealth Platforms, which form part of the Dacxi ecosystem.

The Dacxi Chain technology will be highly regulated, incredibly secure, and completely crowd-centered. Its main focus will be to help everyday investors gain access to investment opportunities that, prior to now, were exclusively reserved for the top echelon of society. Once this complex and sophisticated system goes live, the Dacxi Chain will allow for the democratization of hyper-growth innovation investments – making it accessible to all would-be investors. No matter who or where they are.

Crypto 4.0 will seek to solve consumer-centric problems, and this is precisely what the Dacxi Chain is designed to do. Signs are pointing to the Dacxi Chain leading the charge for the actualization of the Crypto 4.0 era.

The Dacxi Ecosystem

Dacxi is a global fintech company, founded in 2017 and headquartered in Singapore. The company is the pioneer behind Crypto Wealth, an exciting emerging sector in the crypto space. Dacxi’s mission is to provide the necessary education for everyday people to build the confidence they need to build their wealth with crypto. Dacxi has already established successful operations in both the United Kingdom and Australia. Today, they are on track to build a global network of over 100 localised license-regulated Crypto Wealth Platforms. They also plan to build the largest Token Marketing Organisation in the world. Planning to launch in 2022, the Dacxi Chain crowdfunding tokenization technology will play a key role in the ever-growing Dacxi ecosystem.

 

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Need Cash? Here Are Some Solutions for Those With Poor Credit

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Those searching for a personal loan for poor credit have a few options to explore. Three of the most popular are credit cards, home equity loans and personal loans for poor credit. The obtained monies can be used for many reasons to include purchasing jewelry or upgrading a business. The type that’s best will depend on the intentions for use and personal financial state.

Here’s a bit about each type to help anyone make an informed decision when they decide to pursue a personal loan for poor credit.

Personal Loans

One can get a personal loan from most banks. As stated before, they can be used for most anything and are based on the ability to present proof of income as well as assets. Those assets have to bet worth the amount the person is borrowing. It’s a quick process for application when these things are present and accounted for and the applicant will find out within a few days tops if they are approved.

The main downfall is that interest rates are typically high around an average of 12%. The time limit for repayment varies but they’re usually no more than two years. Due to this, any very large amounts are not recommended to be financed this way as many have trouble paying them back in two years.

Credit Cards

Credit cards are another option when consumers are searching for a type of personal loan for poor credit. They are the same thing as securing a loan as they are also repaid later. The cards are easy to use because they are widely accepted for payment on most everything.

They are simple to apply for and can be upwards of $10,000. The application is reviewed fast, usually no more than two weeks. There are also those that are reviewed over the phone and approved in only minutes. It all depends on the card company. Terms vary greatly, so it’s important for whomever is applying to really look over all the fine print.

Within this print, there will be many things to take note of. At the top of the list are interest rate, yearly fees, overage fees and more. It’s been proven that debts pile up more quickly using credit cards than other types of loans because they are so available and easy to swipe at any retailer. For someone looking to a personal loan for bad credit, this may be an unwise decision and end up hurting credit not repair it.

Home Equity Line

The home equity line of credit is a smart decision. It allows homeowners the ability to borrow against the value of their home. It’s easy to figure how much someone can get. All they have to do is take the home’s market value against what is still owed on it. Many choose to not do this if they are planning on selling in the near future. However, if they are planning on staying there for the long haul it’s a great option.

Like other personal loans for poor credit the money can be utilized for whatever they please. Often they’re used for home improvements, consolidating debt and so much more. The interest rates are low to average and can be repaid over the course of up to 20 years in some circumstances. There aren’t many downsides to a home equity loan of credit; in some cases the interest is a tax deduction. That’s hard to beat!

The main negative to this type of personal loan for poor credit is that the person taking it on can sometimes get in a worse situation in regards to their mortgage. If there are two sources of income and they are well above the bills being paid each month the individual can probably repay the loan with ease. Otherwise, it may not be of any benefit. Especially of the consumer ends up losing a job or suddenly is unable to work. Plus, rates sometimes fluctuate.

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Top 5 Reasons To Choose Loans For Bad Credit With No Guarantor Option

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Long days of unemployment, unexpected expenses, medical emergency, and increasing debts can be the reasons why you have a financial problem in your life. It is a tough situation to be in and you have to find out a suitable financial alternative to combat it. Choosing a loan can provide you the desired funds but in most of the loan options, individuals should have a pleasant credit record to attract the funding. If you have a good credit rating, a lender is always ready to help you with quick financial assistance. Other than that, you need to search a lot for accessing a peace of mind.

Loans for bad credit with no guarantor can only protect you from a financial drench. These credits provide a way to get money quickly without credit check process and no obligation of having signature of a guarantor.

There are strong reasons to prove that why more and more people are inclining towards these loans. Here are the top five reasons:

Uncomplicated Registration Process

You do not need to follow a cumbersome application procedure when there is an urgent need of cash. In previous days, the loan applicants had to travel a lot at the lender’s office and provide many papers to seek approval of the lender. A lot has been changed now and the majority of loan companies have acquired an online registration method. Borrowers need to fill an online application form on lender’s website and submit it with mandatory details. Thereafter, the lender verifies all the details, and subsequently, transfers the cash to their registered bank account after a few hours of application submitted.

Credit Check is Not Involved

Applying for a bank loan require a pleasant credit record. The bad credit people do not have the financial credibility to show to their lender. Therefore, banks do not provide money to them because of the risk of losing repayments. On the other hand, the professional lenders are ready to provide the financial assistance without credit check procedure. Loans for bad credit with no guarantor are the best example in which there is no hurdle of a bad credit score.

No Need of A Guarantor

A bank loan always has the compulsion of bringing a guarantor to co-sign for the loan amount with the primary borrower. Sometimes, finding a responsible person to own the responsibility of loan repayments becomes tough, which is not the right thing to do during a financial emergency. Therefore, these no guarantor loans provide an opportunity to acquire money in a hassle-free way despite not having a co-signer.

Unsecured Option is Available

Do you not have collateral to secure the money that you have borrowed? You are still eligible for these bad credit loans because they are also available with an unsecured option. Borrowers do not require keeping their home, car or residential property as collateral to the lender. You may have to pay higher interest rates in comparison to the secured loans but the money you receive through unsecured loans helps you in a crucial time.

Relief from Hefty Repayments

You can only request a small amount to avail benefits of the loans for bad credit with no guarantor. People acquire these loans if there is a financial urgency in their life. The professional lenders understand the financial compulsions of these people and give them flexibility in the repayment schedules so that they can repay the borrowed sum as per the given schedule and improve their credit performance to attract more loans from the lenders.

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Federal Government Student Loans

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Federal government student loans are credit facility programs that have been put in place by the state to assist students in paying their fees. They are deemed useful as they have helped a lot of students get through their college education which they otherwise would have not without that money. The government gives this money through two programs which are the Federal Family Education Loan (FFEL) and the Direct Loan program.

One can only apply for either of the two. There is need to understand how the two programs work, since the repayment plans may differ slightly from each other. However, eligibility rules and regulations are all the same for both programs. A direct credit facility is usually funded strictly by the state. The FFEL on the other hand is offered by banks and other credit lending institutions that are in the private or the public sectors.

The FFEL has its own advantages in that, the money can be used to do other personal stuff. The direct one, as the name suggests, goes directly into tuition fees. The question that many students are faced with is how to access either type of the credit facility. Well, it begins by obtaining a FAFSA form, which you fill out and send back for processing.

Before the money gets to you, your school has to approve your eligibility. You then sign a promissory note, which is a legal document and which must be honored in due time. On this note, you can find the terms, rules and regulations under which the credit facility is extended to you.

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Pre-Qualified or Pre-Approved?

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Before any professional real estate agent or broker even LOOKS at you, they’re going to want (Nay require) you to have your financing already in place. The seller they represent, whether that be an individual, couple, bank, trust, or investor, your offer WON’T even be looked at without a letter from a lender. That means, bank, mortgage banker, mortgage broker, credit union or other acceptable source of funding. (Trust funds, annuity, insurance settlement, etc.)

Which brings us to the answer to the question: “Pre-Qualification” or “Pre-Approval”.

Best answer for you to be taken seriously – Pre-Approval trumps ALL other forms. This means you’ve actually APPLIED for and received loan approval. It means a formal application and all supporting documentation relative to your job, residence and savings have been verified. It means your full credit report has been retrieved and analyzed by an underwriter for layers of risk associated with carrying a mortgage. In essence, it means you have a “credit card” with a predetermined limit. It means you are a “cash buyer”. It means, you’ve done your homework and are considered GOLD in the eyes of anyone you present an offer to purchase to. You have reversed the tables and are now in control. NOT the seller, NOT the agent and NOT anyone else. You have the “thing” everyone wants. When you have what everyone wants, you’re the boss.

So, what then is “Pre-Qualification”? AKA a “PQ”.

Toilet paper. Garbage. Refuse. $1.00 a gallon gasoline.

A PQ is nothing more than a piece of paper issued by who knows, which states you’ve been interviewed by a “lender” or “Loan officer” and they’ve looked at your income and you’ve told them of your expenses and based on their calculations, you qualify for a loan of “X” dollars. No credit report. No job or savings verifications. No professional underwriter.

So, if you’re serious about buying a home, which should you have in your hand?

If you’re a home seller, which buyer are you going to take seriously?

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TA: Ethereum Regains Strength, Why $3,200 Is The Key For More Upsides

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Ethereum

Ethereum started a steady increase above $3,000 against the US Dollar. ETH price must clear the $3,200 to continue higher in the near term.

  • Ethereum started a strong increase from the $2,750 support zone.
  • The price is now trading above $3,000 and near the 100 hourly simple moving average.
  • There was a break a major declining channel with resistance near $2,925 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must surpass $3,175 and $3,200 to continue higher in the near term.

Ethereum Price Is Gaining Momentum

Ethereum found a strong support near $2,750 and started a fresh increase, similar to bitcoin. ETH broke the $2,880 and $2,950 resistance levels to move into a positive zone.

There was also a break a major declining channel with resistance near $2,925 on the hourly chart of ETH/USD. The pair settled above the $3,000 zone and near the 100 hourly simple moving average. It gained traction and climbed above the $3,100 level.

Ether price is now facing resistance near the $3,175 zone. It traded as high as $3,165 and is currently correcting lower. An immediate support sits near the $3,065 level. It is near the 23.6% Fib retracement level of the upward move from the $2,740 swing low to $3,165 high.

Source: ETHUSD on TradingView.com

On the upside, an immediate resistance on the upside is near the $3,165 level. The first major resistance is near the $3,175 level. The main breakout zone could be near the $3,200 zone. A close above the $3,200 resistance could push the price further higher. In the stated case, the price could rise towards $3,320.

Dips Supported in ETH?

If ethereum fails to continue higher above the $3,165 and $3,200 resistance levels, it could start a downside correction. An initial support on the downside is near the $3,065 level.

The next major support seems to be forming near the $3,000 level and the 100 hourly simple moving average. Any more losses might call for a test of the 50% Fib retracement level of the upward move from the $2,740 swing low to $3,165 high at $2,950. If ether fails to stay above $2,950, it could resume its decline in the near term.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is slowly losing pace in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now well above the 50 level.

Major Support Level – $3,065

Major Resistance Level – $3,175

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Finally! WallStreetBets Indulges in Bitcoin (BTC), Ethereum (ETH) and Other Cryptos!

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Finally! WallStreetBets Indulges in Bitcoin (BTC), Ethereum (ETH) and Other Cryptos!
  • Despite a long wait, finally WallStreetBets enters into the cryptocurrency industry.
  • Discussions to be mainly focused on Bitcoin (BTC), Ethereum (ETH) and other prominent coins.
  • Discussions regarding scams, predictions and crypto fanning are not allowed. 

Even a random novice into the stock market industry will be knowing the WallStreetBets! The WallStreetBets is a subreddit platform which is vividly into all discussions regarding the stock market. In addition, the WallStreetBets are a vital reason for the stocks of GamStop to spike up profusely, recently. 

However, almost everyone who is into the WallStreetBets so badly wanted them to start discussions upon the cryptocurrencies too. Yet, the WallStreetBets has been avoiding it and once even strictly announced that crypto discussions wouldn’t take place. 

On the contrary, a few days back on September 22, the WallStreetBets (WSB) finally gave out officially regarding their crypto discussion entity.

WallStreetBets Views

In spite of their much awaited and epic entry into the crypto industry, many are eagerly on what crypto the discussions would start. Moreover, the expectations on WSB into cryptocurrencies is extreme though. 

Furthermore, WSB terms that their new crypto entity will be by the same team, by the same people and by the same system and protocol as that of their stocks. 

Amidst all this, WSB does put up certain limits and restrictions regarding what to be discussed and what not too. They tend that these rules and regulations are necessary for them to maintain their standards. 

On the other hand, people are expecting so much on WSB when it comes to cryptos. This is because the GameStop was in fact absolutely nothing at start , but with the WSB, it is now at its all time high. This in fact, no one ever even dreamt of!

Crypto Rules of WSB

Besides the expectations, the WSB is so strong in maintaining their standards. Accordingly, they have devices with certain rules and regulations upon the cryptocurrency discussions. 

In addition, one of their rules depict not to discuss any sorts of market bear or bull, scams and smart contract schemes etc. 

Moreover, they tend to stick to their discussions with renowned coins such as the Bitcoin (BTC), Ethereum (ETH), the Dogecoin (DOGE) and so on. 

Furthermore, they tend to concentrate more upon recent hot trends like the China crypto ban, developments of Solana (SOL), and further on. 

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TA: Bitcoin Forms Bullish Pattern, Why BTC Could Rally above $45K

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Bitcoin

Bitcoin price stayed above the key $40,750 support zone against the US Dollar. BTC is rising and it could soon rally above the $45,000 resistance.

  • Bitcoin started a recovery wave above the $42,800 and $43,000 resistance levels.
  • The price is now trading above $43,000 and the 100 hourly simple moving average.
  • There was a break above a connecting bearish trend line with resistance near $42,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could accelerate higher once it clears the key $45,000 resistance zone.

Bitcoin Price Starts Fresh Increase

Bitcoin price struggled below the $43,000 level for a few sessions. BTC declined below $41,000, but the bulls protected the $40,750 zone. There were two attempts to clear $40,750, but the bears failed.

As a result, the price started a fresh increase and it seems like it has formed a double bottom pattern near the $40,750 level. It is rising and it has cleared the $42,000 and $42,800 resistance levels. There was also a break above a connecting bearish trend line with resistance near $42,400 on the hourly chart of the BTC/USD pair.

Bitcoin cleared the 50% Fib retracement level of the downward move from the $45,153 swing high to $40,750 swing low. It is now trading above $43,000 and the 100 hourly simple moving average.

Besides, it is consolidating near the 76.4% Fib retracement level of the downward move from the $45,153 swing high to $40,750 swing low. On the upside, an immediate resistance is near the $44,800 level. The first major resistance is near the $45,000 level.

Source: BTCUSD on TradingView.com

A close above the $44,800 and $45,000 levels could start a steady increase. The next major resistance is near the $45,500 zone, above which the price could rise towards the $46,200 resistance.

Dips Limited In BTC?

If bitcoin fails to clear the $45,000 resistance zone, it could start a downside correction. An immediate support on the downside is near the $43,600 level.

The first major support is near the $43,200 zone and the 100 hourly simple moving average. Any more losses could lead the price towards the $42,000 support zone in the near term.

Technical indicators:

Hourly MACD – The MACD is slowly gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $44,600, followed by $43,200.

Major Resistance Levels – $44,800, $45,000 and $45,500.

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London College Student Been Mugged off $98k Bitcoin (BTC)

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London College Student Been Mugged off $98k Bitcoin (BTC)
  • A London college student gets robbed off $98K worth Bitcoin (BTC).
  • A gang of eight gangsters robbed the student threatening him with knives.
  • Despite such hideous crimes, the police failed to capture the thieves. 

This piece of news is quite an interesting one, but not to offend anyone though. However, it’s vivid that all crypto related crimes are usually cyber ones, but this is the first time as a writer I am coming across a live one! 

About the start of this year, a freshman got mugged at knife point by a gang of eight thieves. True to the fact, these thieves were not after money or other assets, but instead for Bitcoin (BTC). The incident took place at the University of Kent, London.

The BTC Mugging

A freshman was about to start his college in the University of Kent, full of many dreams and positivity. However, all his postivesness was short-lived. About, just 5 days remaining for him to start his course, the freshman was talking to one of his school friends about cryptocurrency and other such related stuff.  

Furthermore, at the end of the conversation, the school friend said a few of his friends from East London will be visiting him soon. In spite of this, the freshman got quite suspicious and scared. 

Moreover, the very next day, a gang of about eight anonymous people came to his dorm room. In addition, all had knives with them and threatened the freshman to reveal his crypto wallet passwords and wallet addresses. 

As a result, terrified by the act, the freshman handed over his passwords and wallet addresses. Once the thieves got what they wanted they left immediately and along with them BTC worth $8.2K. 

Despite all these events, the freshman ran out to the camp security , then the police who however did not arrive at the scene though.

The Action of Police

In spite of this whole incident, the mother of the freshman expressed her agony. The mother reveals that no proper action was taken by the police and the police did not arrive at the crime scene that day. 

In addition, the mother claims that the University of Kent took no proper action, and just simply shifted the dorm room of the freshman to a more secure campus. 

Furthermore, it’s been about nearly eight months since the incident happened. Yet, the police too have not concluded anything on the case. Also, at present the case has been closed without any consent. 

Moreover, now the value of BTC lost by the freshman accounts to about more than $98K.

In spite of all this, the mother of the freshman warns other parents and fellow freshman students that this practice of mugging freshman , known as the ‘Fresher’s Fishing Week’ is profuse in London. Freshmen in London have to be safe and secure during those times!

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GoldFinX (GIX) Skyrockets 1674% In A Day After New Partnerships

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GoldFinX (GIX) Skyrockets 1674% In A Day After New Partnerships