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Lawmakers Want Answers From IRS, Citing Major Issues With Crypto Tax Guidance


Eight lawmakers have sent a letter to the IRS seeking answers to new questions stemming from the latest crypto tax guidance. They pointed out a number of major issues including unwarranted tax liabilities for crypto users who unwillingly receive forked or airdropped coins. Also read: Regulatory...

Boerse Stuttgart and SBI Partner to Expand Crypto Services in Europe and Asia


Germany’s second-largest stock exchange and a major financial services group in Japan have partnered to expand their crypto operations in Europe and Asia. Boerse Stuttgart recently launched its crypto trading platform while SBI has been expanding its crypto business operations for several...

Bybit CEO Ben Zhou on Crypto Derivatives and Market Predictions for 2020


12 months ago, crypto derivatives platform Bybit officially launched. The Singapore exchange, which also has offices in Hong Kong and Taiwan, has enjoyed a fruitful first year, attracting users from North America, Europe, Russia and Asia. With products including BTC, ETH, XRP and EOS perpetual...

Google Trends: Ripple Soars in the US and UK, but Plummets in China


Ripple is a popular name for cross country trades. The traders around the world consider Ripple as a sure shot for the future. The year to date trading in Ripple is indicating downtrend, but there is strong speculation on behalf of the recent ventures that the coin would shine again. If we look...

Iran, Turkey, Malaysia Discuss Creating Unified Muslim Cryptocurrency


At a summit attended by leaders of Muslim countries, including Malaysia, Turkey, Iran, Qatar, and Indonesia, the Iranian president proposed creating a Muslim cryptocurrency to cut reliance on the U.S. dollar. The Malaysian prime minister supports the idea of a unified cryptocurrency for Muslim...

Chinese Regulators Question 8 Crypto Companies in Shenzhen


Authorities in Shenzhen have started pressuring crypto businesses operating in China’s tech capital. Eight companies, two suspected operators of trading platforms, and six entities allegedly associated with coin offerings, have been placed under inquiry, Chinese media revealed, with...

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