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Advocacy Group Claims IRS-Issued Crypto-Warning Letters Violated Taxpayer’s Rights
14.7.2020
Close to a year ago last July, the U.S. Internal Revenue Service (IRS) revealed it would be sending ‘soft letters’ to suspected American cryptocurrency owners advising them to pay their taxes. Now according to the Taxpayer Advocate Service, a subsidiary of the IRS, the soft letters...
High Stablecoin Buying Power Could Predict Bitcoin’s Next Bull Run
14.7.2020
Today, stablecoins buy 15-times as much Bitcoin as in early 2018, this could bode well for the next bull run, if and when, it happens
Bitcoin News Roundup for July 14, 2020
14.7.2020
With Tax Day fast approaching, CoinDesk's Markets Daily covers all things IRS and crypto taxes on today's show!
Seychelles-Based Bitcoin Transfers Continue to Gain Dominance, Analysts Find
14.7.2020
Crystal Blockchain reports that crypto transfers in the Republic of Seychelles keep growing as regulatory pressure increases for the G20
As Money Printer Goes Brrrrr, Wall St Loses Its Fear of Bitcoin
14.7.2020
“I know anecdotally of several [investment managers] that have accumulated between $100 million and $500 million.”
Self-Healing Blockchains Are Cure for Sharding’s Scalability Woes
14.7.2020
Self-healing blockchains are the only way to create a truly decentralized world within the decade
Two OneCoin Promoters Found Dead in Mexico
14.7.2020
Two promoters of $4 billion crypto exit scam OneCoin have been found dead in Mexico
Emerging Markets Drive Paxful First Half 2020 Bitcoin Volume to $1.1 Billion
14.7.2020
Peer-to-peer (P2P) crypto exchange Paxful reported Tuesday that its bitcoin trading volumes climbed 35% to $1.1 billion during the first six months of 2020 compared to $817 million a year ago. More than $182 million worth of bitcoin (BTC), on average, was traded on the platform every month between...
Fidelity Digital Assets to Custody Bitcoin in Kingdom Trust Retirement Accounts
14.7.2020
Kingdom Trust CEO Ryan Radloff hopes the partnership with Fidelity will nudge the investment giant closer to serving retail crypto investors
Paxful Reaches the $4.6B Milestone in P2P Bitcoin Trading Volume
14.7.2020
Peer-to-peer Bitcoin trading platform Paxful crossed the $4.6 billion trading volume threshold as the company is entering its fifth year
BitGo Says Its Wallet Will Help Exchanges Comply with FATF Travel Rule
14.7.2020
Mike Belshe, CEO of BitGo. Source: a video screenshot, Youtube/Bloomberg
Major crypto services provider BitGo said it has enabled API support for exchange clients aiming to achieve compliance with the Financial Action Task Force (FATF)’s Travel Rule.
As previously reported, the Travel Rule...
Bitcoin Volatility Metrics Are Like November 2018 All Over Again
14.7.2020
Bitcoin is locked in a low-volatility squeeze similar to one seen ahead of a 40% price crash in November 2018. This time may be different
Iran Licenses 14 Bitcoin Mining Farms, Cuts Electricity Tariff up to 47% for Miners
14.7.2020
Iran has reportedly issued permits for 14 bitcoin mining farms and will cut up to 47% off of the electricity tariff in order to support authorized cryptocurrency mining centers. Crypto miners will soon have to register with the government. Iran Licenses More Crypto Mining Farms The Islamic Republic...
BitGo Releases Crypto Wallet Compliance Tool for FATF's Travel Rule
14.7.2020
Major digital asset firm BitGo announces API support for the Financial Action Task Force’s travel rule
Binance’s Swipe-Powered Crypto Debit Card Debuts in Europe
14.7.2020
Binance Card, a highly anticipated crypto debit card by Binance, will support four cryptocurrencies at launch
Bitcoin and Altcoins Trading Near Make-or-Break Levels
14.7.2020
Bitcoin price made a couple of attempts to clear the USD 9,300 and USD 9,320 resistance levels. BTC failed to continue higher and recently declined by 1%. It is currently (08:30 UTC) approaching the USD 9,150 support, below which it could revisit USD 9,000.
Similarly, most major altcoins are slowly...
Data Says HODL! People Are Trading Ethereum (ETH) More, Bitcoin Less
14.7.2020
Exchange balances for ETH and BTC move in opposite directions in a new insight into investor sentiment
Competition to Cut Fee Premium on 'Safer' Crypto Exchanges Too
14.7.2020
Despite some crypto exchanges still increasing their trading fees, the future may bring about a highly anticipated reduction in fees as competition heats up in the industry, crypto research firm Arcane Research said in a new report.
Even though bitcoin itself can be considered “a homogenous...
Gold Bug Peter Schiff Learns Bitcoin Holders Won’t Sell at Any Price
14.7.2020
Almost 60% of 13,000 people say they will “hodl” Bitcoin to the grave if the BTC price fails to trade above $10,000
Rich Dad Poor Dad Author: ‘Gold Guys are Being Phased Out’
14.7.2020
Best-selling author Robert Kiyosaki says he still invests in gold, silver, and Bitcoin because he doesn’t trust the US government