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Black Americans Keener on Crypto than Whites Counterparts – Survey


Black Americans are more interested in cryptocurrencies than white people in the United States, say the authors of a new survey. The findings come in a report published by cryptocurrency exchange Coinbase. The survey, carried out in conjunction with British ad-tech firm Qriously in January 2020...

VERDAD is the Most Dangerous Crypto Bill to Face Congress Yet


The U.S. Congress is considering more than 20 bills on cryptocurrency. One deserves special attention: S.1025, the Venezuela Emergency Relief, Democracy Assistance and Development Act (VERDAD). “Verdad” is Spanish for “truth.” If VERDAD passes, it will be the first time...

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...

Private Equity Group Advent Acquires Cobham for £4 Billion in Cash


Defense supply is one of the biggest industries in the world and it is perhaps the only industry that is recession-proof. It doesn’t matter whether a nation is going through an economic downturn, but it is going to continue to spend on its defense. As a matter of fact, defense expenditure at...

Why You Can’t Bet With Bitcoin at Online Casinos in the US


Since the dawn of Bitcoin, the cryptocurrency landscape has seen a lot of digital currency gaming websites where users can wager their coins in games like poker, dice, blackjack and slots. Because public blockchains are transparent, the protocols have made online gaming provably fair. However...

IRS Plans to Issue Guidance on Virtual Currency Taxation


Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official...

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