THE IRS COMES KNOCKING AT BITCOIN’S DOOR

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Gizmodo: At a time when regulations, glitches, price swings, forks, hacks, and fraud can’t seem to keep the cryptocurrency-mania down, there’s a new hurdle for it to overcome: the taxman.

Coinbase is one the largest cryptocurrency exchanges in the world and its backing by high profile investors like Union Square Ventures and Andreessen Horowitz has given it a certain amount of respectability.

But it’s also a prime target for the Internal Revenue Service. Last year, the IRS asked a federal judge to order Coinbase to surrender its customer records for the years of 2013-2015 because it suspects many people trading in digital currency aren’t reporting their gains to the government.

Coinbase fought the summons, but on Wednesday it lost the battle. more …

Opinion: It didn’t take a financial wizard to conclude that the explosion of an unregulated currency would sooner or later get the attention of the IRS and central bankers, but it is important to keep the main thing, the main thing: Digital currency lines up perfectly with Revelation 13:16-17

He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.”

God does not favor empires, either political or religious. From Babylon to Rome or from the Tower of Bable to Catholicism, God has frustrated man’s attempts at global control. Each one turned wicked.

Every major empire has fallen and even the mighty religion of the popes gave way to denominations. The final empire will be no different.

Daniel 9:24 speaks of 70 weeks that have been declared against “your people” (the Jewish people), to finish the transgression (disobedience), to put an end to sin, to atone for wickedness, to bring in everlasting righteousness (Messiah), to seal up the vision and prophecy and to anoint the most holy.”

(Daniel’s 70 Weeks prophecy begins in 445 BC and is interrupted after 483 years with the death of Messiah. The final week of 7 years (Daniel’s 70th week), begins with the signing of a 7 year peace treaty and the emergence of the man of sin)

God declares that “seventy sevens” will fulfill all these things. This is 70 sevens of (30 day months) years, or 490 years. A counterfeit trinity (Man of sin, False Prophet and Satan) will rule politically, economically and religiously, but on a short leash.

Daniel 9:27: “He will confirm a covenant with many for one ‘seven‘ (7 years). In the middle of the ‘seven’ (3.5 years) he (Antichrist) will put an end to sacrifice and offering (indicating a temple will be in place). And on the wing of abominations shall be one who makes desolate, Even until the consummation, which is determined, Is poured out on the desolate.”

The beast empire of Antichrist will be allowed 7 years to dominate the world. The last 3.5 years will unleash a time of trial unlike any that has ever been or will ever be again, (Matthew 24:21).

What we do at BPTnews every day is attempt to identify geo-political/geo-economic and Middle East trends that are building the final empire brick by brick.

(for more on the Seventy Weeks of Daniel see BP 101 chapter 5 here)