With respect to bitcoin, there are two things that need to be reported on a tax return: income or revenue and any capital gains on the sale of those assets.
The IRS’ recent 31 page guidance repor... Read More
“I think the CFTC has a very weak case here and it’s a very creative reinterpretation of what the word commodity means,” he said. “The ruling will be challenged, and judges will apply common s... Read More
Icbit is still relatively small, and the high spreads that appear on the futures exchange as a result are a hump that the site will have to get over if it intends to see greater adoption. If it do... Read More
First Meeting of 2016 to Cover Bitcoin and Blockchain
Simply defining bitcoin as an asset has proved to be a difficult task for many regulatory agencies around the world, as some claim it is a com... Read More
Mazurek also noted that he mainly sees Straits’ Bitcoin integration as a benefit for bitcoin holders at this time. “Hopefully as bitcoins gain more acceptance the general public will see the benef... Read More
Analysis: What 2019 Could Bring for Bitcoin
Trading in altcoins was a big part of what made Bitcoin price spike towards the end of 2017. A section of the crypto space argues that while altcoins helped Bitcoin’s market cap swell, they also bro
Bitcoin Cash Going Down as Stellar Warms up
Bitcoin Cash’s market cap has been cut in half since the Nov. 15 hardfork which birthed the Bitcoin ABC and Bitcoin SV chains. Now at a mere $3.5 bln and a unit price of ~$201 as at the time of writ
300k User Data from Chinese Auto Finance Platform Sold For One Bitcoin on Dark Web
It is revealed that 300,000 pieces of user data from a Chinese auto finance platform Jiurong were compromised and priced at one bitcoin on the dark web.
According to the leaked data posted, persona
Heyday of Bitcoin Mining Rigs Business at China’s Huaqiangbei is Over Amid Crypto Market Carnage
Bitcoin price slumped to a 13-month low of about $4,300 on Wednesday, making mining the world’s leading digital currency an unprofitable business. A lot of mall miners, mining rigs dealers and minin