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This is How the U.S. Taxman is Looking for Your Crypto
9.7.2019
Source: iStock/D-Keine
A set of slides allegedly prepared for agents working with criminal investigations in the Internal Revenue Service (IRS) – the tax authority in the U.S. – is shedding more light on how the government is going after crypto users who are suspected of engaging in tax evasion...
Samsung Adds Six New Dapps to its Wallet, More to Follow
9.7.2019
South Korean tech giant Samsung has unveiled a range of new decentralized apps (dapps) for users of its Galaxy S10 smartphone’s blockchain wallet.
The company announced an initial four dapps for the Samsung Blockchain Wallet in March this year, with support for gaming platform Enjin, beauty content...
The Crypto Market Sentiment Improved, More Gains Likely
9.7.2019
In the past three sessions, bitcoin price gained significant bullish momentum from the USD 11,400 support base. BTC/USD broke the key USD 12,000, USD 12,200 and USD 12,500 resistance levels to move into a positive zone. Looking at major altcoins, ethereum and bitcoin cash showed positive signs,...
New York Attorney General Hits Back at Bitfinex, Tether
9.7.2019
New York Attorney General Letitia James. Source: Twitter, @NewYorkStateAG
A long-running battle between the New York Attorney General (AG) and exchange platform Bitfinex has taken a fresh turn. The AG claims there have been irregularities with Bitfinex claims about whether – and how long –...
Bitcoin Rallies Closer to USD 13,000, Altcoins Struggle to Keep Up
9.7.2019
The number one cryptocurrency, bitcoin, continues to defend its position as digital gold, with gains of 11% in the past 24 hours. Meanwhile, nearly all altcoins in the top 100 are in the red relative to bitcoin over the same time period.
At pixel time (05:19 UTC), bitcoin trades at c. USD 12,740...
SEC & FINRA Announce New Rules for Crypto Brokers
9.7.2019
Two of America’s top financial regulators, the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have announced that brokers looking to offer cryptocurrency securities will have to comply with existing securities laws, including customer protection...
Bitcoin Gets its First 'A' Rating
8.7.2019
In an update from financial ratings agency Weiss Ratings on Monday, the firm said it has upgraded Bitcoin to an A-, and given it a “strong buy” recommendation.
Weiss Ratings first became known to the cryptoverse in January of 2018 when it became the first traditional ratings agency to assign...
Everything is Fine, Says Justin Sun as Fake News Hit Tron
8.7.2019
Justin Sun. Source: Twitter, @justinsuntron
It seems that the founder of the Tron blockchain project, Justin Sun, can't get out of the boiling-hot waters.
Just the other day, Cryptonews.com reported that Sun is being heavily criticized in his home country of China due to a local scam story that...
Crypto Listing & Delisting Announcements: Week 27
8.7.2019
Below is our weekly collection of digital asset listing and delisting announcements by cryptocurrency exchanges that we found last week.
Have we missed something? Do you have information about new listings and/or delistings? Let us know...
Ether Rallied as CME Signals Deeper Involvement
8.7.2019
Source: iStock/Ivan-balvan
It’s no secret that most altcoins have struggled to keep up with bitcoin during this year’s rally. Measured against bitcoin, even ether is down this year, and many altcoin hodlers are waiting impatiently for a new “alt-season.”
However, as pointed out by Su Zhu, CEO...
Best of Crypto Volatility: ‘80% Correction’ or ‘New Parabola’
8.7.2019
As the crypto market is showing positive signs again an the entire cryptoverse tries to guess on bitcoin’s next move, legendary trader and technical analyst Peter Brandt shared his view that reminds how volatile this market can be.
In a tweet on Sunday, the analyst said that he sees two possible...
Singapore Mulls a New Idea How to Boost Crypto Adoption
8.7.2019
In a recently published e-Tax draft guide, the Inland Revenue Authority of Singapore (IRAS) proposed the exemption of certain cryptocurrency transactions from GST (goods and services tax).
To be precise, the draft is created with a goal to explain “the GST treatment for transactions involving...
Bitcoin and Altcoins Showing Signs of Fresh Increase
8.7.2019
This past week, bitcoin and altcoins trimmed most gains and struggled to continue higher. BTC/USD failed to clear the USD 12,000 resistance and later declined below USD 11,000. However, the USD 10,500 level acted as support and recently the price rebounded above USD 11,200. Besides, ethereum price...
IRS 'Weeks Away from 3 Tax Bills' After Call from Pro-Crypto Activists
8.7.2019
America’s top tax authority, the Internal Revenue Service (IRS), will update its cryptocurrency guidelines “in the coming weeks,” per the Wall Street Journal – following a request put forward by United States parliamentarians.
The media outlet says that the IRS’ decision was made after...
Argentinian, S Korean Local Governments Set New Blockchain Goals
8.7.2019
Local governments around the world are looking to revitalize their economies using blockchain technology.
Officials in the Argentinean province of Río Negro, on the northern edge of Patagonia, have been briefed on the technology underpinning cryptocurrencies. Senior officials were given...
Micro Bitcoin Investors Are Struggling to Sell Their Coins
7.7.2019
While the cryptoasset market is remarkable for its low barriers to entry and its accessibility for anyone with an Internet connection, a class of investors is finding themselves unable to cash out their bitcoin investments. Investors who have purchased micro amounts of bitcoin (e.g. worth of...
The Answer to Forecasting Bitcoin May Lie in Artificial Intelligence
7.7.2019
With no physical form, the cryptocurrency Bitcoin is difficult to analyse and its trading patterns challenging to discern.
Shutterstock
As Bitcoin tries to regain some of the lustre it held in late 2017 when it nearly reached US$20,000 in value, investors are still questioning...
Apple, Amazon, Netflix, Google - Who Will Follow Facebook's Libra?
6.7.2019
After months of rumors, Facebook has finally confirmed the existence of its Libra cryptocurrency project. However, the new stablecoin’s announcement has predictably given rise to speculation over another question: when will the other FAANG (Facebook, Amazon, Apple, Netflix, Google) corporations...
Crypto Twist: 20 Crypto Jokes
6.7.2019
Never a dull week in the cryptoverse. In Bitcoin news, we saw it lighter by another USD 1K, then another, dropping below USD 10,000, only to jump back to the USD 11K zone in ten hours. Many nerves were lost, and a lot of hair too. On the further unexpected but positive side of the news, DOGE...
Kitchenware Chief Allegedly Cooks Books to Feed Crypto Cravings
5.7.2019
What do a resort in Mallorca, a 61-year-old education administrator in Osaka and the head of a cookware company have in common? A love for cryptocurrency, of course!
First, media outlet Jiji reports that a former director of an Osaka education authority that comprises a number of schools and...