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IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form


The new U.S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by about 150 million people to file their taxes. The Internal Revenue Service (IRS) requires all tax filers to declare whether they have received, sold, exchanged, or acquired...

Soaring, Plunging, Being Indecisive, and 20 Crypto Jokes


This week in crypto, bitcoin couldn’t make up its mind about staying above USD 12,000 as price went up to new yearly highs, while the hashrate dropped 25% in three days, as floods hit Southwest China. Then YFI exceeded BTC’s price, Tron dropped while JustSwap went live, while OMG soared on Tether...

Grayscale’s Litecoin and Bitcoin Cash Trusts Trade for Tremendous Premiums


This week data from Arcane Research shows there’s been massive demand for Grayscale’s recently launched publicly traded crypto trusts. Following the trusts getting DTC eligibility last monday LTCN (litecoin) shares have been selling for a 753% premium while BCHG (bitcoin cash) shares...

Interest in Crypto Up in Belarus as ‘Information War’ Rages


Amid unconfirmed reports pertaining to be from Belarus, the nation could soon impose foreign currency exchange limits – a move that some think could drive citizens to crypto en masse. Protests and strikes continue in the country after a disputed general election returned incumbent president...

18% of Asked Americans Bought Crypto, Most Know Only Bitcoin - Survey


Nearly 20% of asked Americans bought crypto, but most of the surveyed people are familiar with bitcoin (BTC) only - and know nothing of altcoins, a recent survey concluded. Commissioned by Coinflip, a major US-based Bitcoin ATM operator, the survey included 1,005 respondents, whose responses...

Japan: Demographic Shift Sees Younger Folk Flock to Crypto + More News


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Japanese crypto exchange bitFlyer has reported that there has been a shift in the demographic of its user base, with more people...

John McAfee Ditches Ghost Crypto Project: He Says It Will Fail


Two-time U.S. presidential candidate John McAfee has announced that he is leaving the ghost cryptocurrency project, claiming that it will fail “without a doubt” and his reputation has been damaged. His Ghost phone service, however, will be launched as planned, he emphasized, adding that...

USD 50B in Crypto from Asia Hints at Chinese Capital Flight – Report


With more than USD 50 billion in crypto leaving wallet addresses tied to East Asia and headed to other regions around the world over the past 12 months, signs point to crypto increasingly being used to evade strict Chinese capital controls, a new report from on-chain analysis firm Chainalysis...

XRP Crypto Scammers Seize 2.5m-sub YouTube Account, Start Live-streaming


Source: Adobe/filins (edited by Cryptonews) 2020 is becoming the year of the social media crypto scam hackers after raiders took control of the YouTube accounts belonging to a 2.43 million-subscriber Brazilian channel – filling it up with videos promoting an XRP scam. In a video from...

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