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Bitcoin 16/12/19 20:02 by Tony Spilotro
$20K Day: A Look Back At Bitcoin’s Two-Year Rise and Fall
It was two years ago today, that Bitcoin price reached its all-time high value of $20,000, and just one year ago that it reached its current bear market low of $3,100. On such a significant day, we’...
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Crypto 16/12/19 16:20 by Kevin Helms
Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy
In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator...
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Other 16/12/19 01:09 by Kai Sedgwick
Here’s What Happens When You Use Lightning Network for the First Time
Do you remember receiving your first bitcoin? Seeing those satoshis arrive in your wallet is a magical, almost spiritual, experience. In that moment, the most beautiful thing about bitcoin is not its ...
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Crypto 11/12/19 16:45 by Himadri Saha
Africa’s First Stablecoin is Built on Binance Chain
Africa’s first stablecoin, the Africa Stable-Coin(ABCD) is backed by Nigeria’s national currency, the Naira. Also, the fiat-backed crypto is built on Binance’s native blockchain, the...
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Crypto 09/12/19 17:35 by Kevin Helms
IRS Now Requires Tax Filers to Disclose Crypto Activities
The U.S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrenc...
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Crypto 09/12/19 05:00 by JP Buntinx
New IRS Form Confirms the Agency Remains Curious About Cryptocurrencies
American cryptocurrency holders are all too aware of what the IRS aims to achieve. In a new form sent to recipients, the agency is trying to dig deeper into people’s crypto past. It is pertinen...
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Crypto 09/12/19 00:27 by HTT5041
FaucetHub has closed so here are my 3 favourite faucets that will still run
As many readers might know, FaucetHub, the popular micro-wallet used by many cryptocurrency users around the globe is closing down on the 10th of December. Obviously there are many alternatives and so...
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Crypto 06/12/19 17:28 by Christine Vasileva
Brazil IRS Creates Penalty Code For Dishonest Crypto Taxpayers
The IRS in Brazil has turned the spotlight on crypto deals and transfers, creating a special penalty code to fine for misreporting. Brazil Requires Monthly Filings for Crypto Activity Failing to file...
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Bitcoin 04/12/19 14:00 by Emilio Janus
Bitcoin And Crypto Compliance From A US Tax Perspective
One of the things which causes undue consternation for many holders of Bitcoin and cryptocurrency is its taxable status. While some naysayers still consider the whole industry a tax avoidance scheme, ...
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Other 29/11/19 10:00 by Ali Raza
US Court Allows IRS to View Bitstamp Customer Information
US federal judge allowed the IRS to demand information about users’ assets from Bitstamp crypto exchange, although the agency was also ordered to reduce the number of requests. The IRS’s ...
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Other 28/11/19 19:30 by Jamie Redman
US Judge Denies Customer’s Plea to Quash IRS Bitstamp Inquiry
A Washington Western District Court judge has rejected petitioner William Zietzke’s appeal to stop the U.S. Internal Revenue Service (IRS) from accessing his Bitstamp trade data. An IRS summons ...
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Bitcoin 26/11/19 11:30 by Osato Avan-Nomayo
3 Ways US Congress May Approach Bitcoin Taxation
With the U.S. Internal Revenue Service looking to enforce more stringent Bitcoin tax compliance, several stakeholders say Congress should step in to clarify the way virtual currencies should be treate...
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Crypto 23/11/19 13:30 by Ali Raza
Crypto Worth $6.7 Million Seized from Kiwi Programmer
During a movie piracy setup crackdown, Hamilton Police seized $6.7 million in cryptocurrency from a software programmer. According to recent reports, law enforcement officers in Hamilton, New Zealan...
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Crypto 20/11/19 10:00 by Ali Raza
Crypto Tax: De Minimis Exception Could Complicate Things for IRS
A provision for de minimis exception in crypto taxes could lead coin holders to manipulate the system while burdening IRS further. The US Internal Revenue Service recently published guidance regardin...
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Crypto 18/11/19 10:35 by Graham Smith
Governments Viewing Crypto as a Threat Will Be Left Behind
In recent commentary at a New York blockchain conference, IRS Criminal Investigation Chief John Fort said the agency is now turning its focus to crypto ATMs and kiosks, as well as American users of fo...
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Crypto 17/11/19 23:00 by Kevin Helms
IRS Dispels Crypto Tax Confusion
The U.S. Internal Revenue Service (IRS) has cleared up some confusion about how cryptocurrency transactions are taxed, particularly regarding like-kind exchanges and promotional airdrops. As the tax a...
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Bitcoin 17/11/19 22:00 by JP Buntinx
The IRS Will Shift its Focus to Users and Operators of Bitcoin ATMs and Kiosks
In a new statement, the IRS confirms it will continue to focus on cryptocurrency activities. Particularly those individuals and companies operating Bitcoin ATMs and Kiosks may see some intervention p...
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Crypto 16/11/19 13:26 by Ali Raza
IRS Voices Concerns Over Crypto Kiosks and ATMs
The IRS has announced that it is investigating crypto kiosks and ATMs with concerns regarding tax evasions, as well as the possibility of money laundering, controlled substance purchase, and similar c...
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