Monthly Archives: August 2019

Tax Expert: IRS Letters Confirm That Trading Cryptos Is a Taxable Event

The U.S. Internal Revenue Service (IRS) announced on July 26 that 10,000 American cryptocurrency users will receive a letter reminding them to pay taxes or amend any mistakes on past filings. At the time, IRS Commissioner Charles Rettig said U.S. taxpayers should take the warning letters “very seriously.” Sean Ryan, CTO of Node40, a platform that helps people calculate digital currency-based taxes, believes all three letters make it clear that exchanging one cryptocurrency for another is a taxable event. Also Read: 10,000 American Cryptocurrency Owners Will Receive […]

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New Iranian Law: Government Will Not Recognize Crypto-Related Trade

Iran’s government released a new law that does not accept crypto as legal tender or recognize transactions carried out with cryptocurrency. The Iranian government has instituted a new law that does not accept crypto as legal tender or recognize domestic transactions carried out with cryptocurrencies. On Aug. 4, the Cabinet of Iran ratified and released a new bill saying that the government will not recognize any domestic trading activity involving cryptos, Iranian news agency PressTV reports today.  Per the report, the new bill says that the government […]

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Hodler’s Digest, July 29 – Aug. 4: Facebook’s Libra Confession, US Urged to Lead Way on Crypto

Facebook admits Libra may never launch at all, as some senators call on the U.S. to be a world leader in blockchain and crypto. Top Stories This Week Facebook warns investors that the Libra stablecoin may never launch The Libra storyline is fast becoming a never-ending soap opera — and we might be reaching the season finale. Facebook used its latest quarterly report to warn investors that its controversial cryptocurrency may never launch at all. The admission at least shows that the social network is taking the […]

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Bangladesh to Use IT Fund to Bankroll Blockchain Education for Graduates

Bangladesh will use money from its $208 million IT project fund to send graduates for blockchain training in Japan and India. The Bangladesh government will use money from its $208 million IT project fund to send graduates for blockchain training in Japan and India. Bangladesh authorities plan to send 100 new IT graduates abroad to boost expertise in the fields of distributed ledger technology, artificial intelligence, machine learning and cyber security, Bangladesh’s English-language newspaper The Daily Star reports Aug. 4. As a part of the initiative, the […]

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China’s Central Bank Prioritizes Development of Digital Currency

China’s central bank, the People’s Bank of China, has announced in a recent video conference that it is prioritizing the development of a national digital currency. China’s central bank, the People’s Bank of China (PBoC) announced that it accelerated the development of its cryptocurrency.  In an Aug. 2 statement, PBoC summarized the proceedings of a video conference, in which the bank conveyed the Party Central Committee and the State Council priorities on economic and financial initiatives ranging from monetary policy to support for small businesses. PBoC suggested […]

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Bitcoin Nears $11,000 Mark While Altcoins See Mixed Results

Bitcoin is up almost 15% over the past seven days, with its price nearing the $11,000 mark. Sunday, Aug. 4 — Bitcoin (BTC) has continued to gain momentum today, with its price nearing the $11,000 mark. The top 20 cryptos by market capitalization are seeing mixed results on the day, with most gains and losses around or under 2%. Market visualization from Coin360 Bitcoin has seen a major bullish move this week, up 15% from around $9,500 to almost $11,000 at press time. Over the past 24 […]

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Report: $1.2M Earned Through Bitcoin ‘Sextortion,’ Bomb Threat Scams

Cybercriminals earned $1.2 million in Bitcoin through “sextortion” and bomb threat email scams in the last 12 months, according to a recent report. Cybercriminals earned $1.2 million in Bitcoin (BTC) through “sextortion” and bomb threat scams in the last 12 months, cybersecurity company Symantec reports on July 30. In sextortion scams, the scammers send victims emails that include an old password in the subject line, claiming the device is compromised. The message further states that the scammer is in possession of a photo or video of the […]

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Top-5 Crypto Performers: XTZ, LINK, BTC, BCH, XMR

A few of the top five performers of the past week are showing strength. What is a good level to buy? Let’s look at the charts. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Binance research highlights that Bitcoin (BTC) has rallied along with other assets that are […]

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Goldman-Backed Apple Card Restricts Cryptocurrency Purchases

Cryptocurrencies cannot be purchased with the new Apple credit card according to the American multinational technology company’s recently published customer agreement guidelines. The Apple card’s restrictions indicate that the company’s partner, Goldman Sachs, is leery toward cryptocurrencies and other “cash equivalents” like lottery tickets and casino chips. Also Read: Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto No Crypto Purchases With the Goldman Sachs Backed Apple Card The technology giant Apple (AAPL) recently announced the launch of a credit card, which allows […]

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Multiple Metrics Make the Bullish Case for Bitcoin

Bitcoin’s price steadily climbed from $9,100 to $10,900 over the past week. Is a move to $12,000 and higher back in the cards? Bitcoin (BTC) remains bullish and a multitude of metrics support this claim.  Is this a trend reversal?  Over the past week investors’ short-term sentiments about Bitcoin’s prospects appear to have improved. While last week’s market update made the case for why top investors and analysts are overwhelmingly bullish on Bitcoin’s predicted long-term price action, the fall from $13,800 to $9,100 did shake retail investors […]

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