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From Booze to Bitcoin Mining – Why Violent Prohibition Is Always Harmful


Stories continue to emerge about newly discovered illegal mining operations being busted by state and corporate authorities. Just last week Iranian media reported the seizure of 177 Bitcoin mining units worth over $270,000 being smuggled via truck in the Arak region. On July 31, Russia’s...

Bitcoin Rallies Past USD 12,000, Altcoins Gaining Momentum


Yesterday, we saw the start of a strong rise in bitcoin price above the USD 11,200 and USD 11,500 resistance levels. Later, there was a downside correction, but dips remained supported in BTC/USD near USD 11,400. As a result, the price resumed its upward move today and climbed more than 5% above...

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...

Qtum Staking Gets Binance Support; 50,000 QTUM Staking Airdrop Launched


Good news for all Qtum and Binance followers! QTUM staking has received support from Binance. Hence, starting 1st August 2019, you will see Binance supporting QTUM staking on its platform. The update was officially announced by Binance through their Twitter handle, followed by a detailed blog post...

When Cash Is Banned, Centralized Cryptos Are Not Going to Save You


Australia is now moving forward with its proposed legislation to ban cash purchases over 10,000 AUD ($6,900) for business purposes. According to the treasury website: “The Black Economy Taskforce recommended this action to tackle tax evasion and other criminal activities.” While many...

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