Cryptocurrency

Russia Prepares Law to Allow Cryptocurrency Confiscation

According to local reports, Russia’s Ministry of Internal Affairs and other law enforcement agencies are developing proposals to confiscate cryptocurrencies. These proposals could evolve into Russian laws as soon as 2021.  “Russia plans to develop a legal mechanism for the seizure of virtual assets for their confiscation,” according to a translated report from RBC. “The […]

86
Like
Save
‘Discount Bitcoin Bandit’ Could Face 10 Years for Cryptocurrency Armed Robberies

A woman from East Hollywood, California, has been convicted of robbery relating to peer-to-peer Bitcoin trades. Precious Lanay Fitzgerald was one of two involved in the incidents that awarded the pair the moniker ‘Discount Bitcoin Bandits’. The 29-year-old may face a prison sentence of up to 10 years for the cryptocurrency robbery. Exacerbating the maximum […]

629
Like
Save
Indonesia Watchdog Blocks Cryptocurrency Lending Platform

Indonesia’s Financial Services Authority, known as OJK, has identified and blocked almost 300 illegal peer-to-peer lending platforms, which includes one cryptocurrency firm. According to Nikkei, OJK’s investment alert unit joined hands with the IT ministry and local police to launch a crackdown against unlicensed FinTech platforms. The investigations found that most of the unregistered lending […]

796
Like
Save
China’s Updated Policy Will No Longer ‘Eliminate’ Cryptocurrency Mining

China is set to allow cryptocurrency mining. The nation hosts the four largest mining pools around the world. The Chinese government is making significant steps towards the adoption of blockchain technology. Cryptocurrency mining will be kept alive in China. The news come after President Xi Jinping announced that his country will “take the leading position […]

609
Like
Save
Bitcoin Futures Market Is Changing Cryptocurrency Landscape

Coinspeaker Bitcoin Futures Market Is Changing Cryptocurrency Landscape The futures market can be the cause of development efforts around Bitcoin, one of the crucial hedging assets like gold or dollar. Bitcoin Futures Market Is Changing Cryptocurrency Landscape Continue reading at Coinspeaker

824
Like
Save
4 Tips for Completing Your Cryptocurrency Taxes

As the IRS increases the enforcement of cryptocurrency taxation, it is becoming increasingly important to prepare your necessary cryptocurrency tax forms accurately and timely. This guide will discuss tips for accurate crypto tax reporting. Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The tips below address implications […]

987
Like
Save
China Emerges as Unexpected Hub for Blockchain and Cryptocurrency Developments

Around a year or two ago this time, it would’ve been laughable to suggest that China is going to become a global center for fintech innovation. Yet here we are today. China just passed a law regarding data encryption and cryptography that is set to be implemented in early 2020. Other than that Reuters reports […]

894
Like
Save
Bitcoin IRA to Offer Interest-Bearing Cryptocurrency Accounts to Clients

In a press release issued on October 21, 2019, Bitcoin IRA, a firm that claims to be the world’s first, largest and most secure digital asset IRA technology company, announced that it had partnered with cryptocurrency trading and lending firm Genesis to allow its clients to earn interest on crypto and cash holdings. Bitcoin IRA […]

799
Like
Save
BlockFi Launches Platform to Expose Institutional Investors to Cryptocurrency

BlockFi, a cryptocurrency lending startup, has launched BlockFi Institutional Services, a platform designed to give institutional investors such as market-makers, hedge funds, exchanges and family offices exposure to financing solutions for digital assets, according to a BitcoinMagazine report on October 17, 2019. Exposure Per the report, BlockFi intends to launch BlockFi Institutional Services, a new […]

646
Like
Save
Op Ed: How to Understand Taxable Events for Cryptocurrency

Today’s average cryptocurrency investors, which number in the hundreds of thousands, may not even be aware that they need to pay taxes on their cryptocurrencies. But there is no longer any reasonable doubt regarding the need for reporting capital gains, compliance, auditing, accounting and taxation to the tax authorities. As of October 9, 2019, the […]

161
Like
Save
Cryptocurrency in China penetration 8% among college students

Per a recent survey, cryptocurrency in China has a good start since the penetration among college students stand at around eight percent (8%) mark. These Chinese college students have some of the cryptocurrency under their ownership, while over a quarter of them would prefer to be working in the blockchain industry after their graduation. Whilst […]

129
Like
Save
IRS Will Ask If You Own Cryptocurrency on its New Income Tax Form 1040

The US Internal Revenue Service (IRS), a bureau of the Department of Treasury, recently added a question regarding cryptocurrency ownership to its standard 1040 income tax form for the upcoming tax filing season. A draft of the “Additional Income and Adjustments to Income” section of the latest 1040 form was released. It included a change […]

514
Like
Save
Mastering Emotions and Managing Risk in Cryptocurrency Trading

When it comes to trading, there are several steps you can take in order to reduce your exposure to the market extremes of price volatility.

783
Like
Save
Cryptocurrency in Russia: Belarus influencing for relaxation?

Cryptocurrency in Russia continues to see hardships even though the Russian government is easy on the blockchain there is no permanent solution for all cryptocurrencies. The hard-pressed relations between former Soviet states, Belarus and Russia, have welcomed another golden apple into their basket over their disagreement related to cryptocurrency. The assets of the digital age, […]

792
Like
Save
Sunday Digest: Bitcoin Price And Other Cryptocurrency Headlines

This week has seen further protests in Hong Kong, as residents feel their democracy is being eroded. Of course, we can show our own unhappiness with the current global financial system, simply by buying bitcoin. And not a tear-gas canister in sight. Bitcoin Price: The Week’s Moves Following last week’s bitcoin price drop to $8k, […]

1,446
Like
Save
Japan cryptocurrency guidelines for investors

In the latest release Financial Services Agency (FSA) releases Japan cryptocurrency guidelines draft for investments in the cryptocurrencies. The authorities dispensed an announcement in order to lead the situation of the development of the market without having to shut it down. The idea is to make an amendment in the introduction that suggests at crypto-assets. The agency speaks […]

912
Like
Save
Apple’s Tim Cook Says the Company Has No Plans to Launch a Cryptocurrency

Coinspeaker Apple’s Tim Cook Says the Company Has No Plans to Launch a Cryptocurrency Apple’s Tim Cook has snubbed-off any plans to launch any cryptocurrency. He said that currency matters best belong to government and regulators and private organizations should stay away from it. Apple’s Tim Cook Says the Company Has No Plans to Launch […]

1,372
Like
Save
Cryptocurrency regulations in Russia will now be in 3 tiers

Russian Finance Ministry has proposed new cryptocurrency regulations in Russia to classify cryptocurrencies under three separate legal categories. This marks another recent step by the Russian authorities to acknowledge and regulate the cryptocurrency market in the country. The report of this classification proposal also mentions the increasing acceptance of the crypto market by the Russian […]

1,112
Like
Save
Exploring the Market Control of Cryptocurrency Exchanges

During 2018 and part of 2019, many ‘revolutionary’ crypto projects failed to keep their promises and consequently, cryptocurrency exchanges decided to delist tokens that lacked liquidity, usage or had problems with laws and regulations. Financemagnates published an analysis of the causes and consequences of this phenomenon, October 2nd, and here is our take. Exchanges in […]

267
Like
Save
South Korean Court Sets Compensation Precedent for Cryptocurrency Exchanges

On September 27, 2019, a South Korean court made a landmark ruling concerning local cryptocurrency exchange Coinone which could affect the way exchanges function going forward.  According to local news coverage of the filing, the Seoul Southern District Court wants the exchange to cover losses that occurred due to loopholes in its security policy. In […]

1,488
Like
Save
TMX, Paycase Deal for Cryptocurrency Offerings Leads to $500M Lawsuit

Paycase Financial, a cryptocurrency broker, is suing TMX Group, a financial services company, for $500 million after an alleged breach of contract. The two companies, both based in Toronto, Ontario, began their partnership in March 2018 when they agreed to a 10-year deal to combine TMX’s existing expertise and infrastructure in traditional markets with Paycase’s […]

1,435
Like
Save
SEC Head Unsure of Classifying Libra Cryptocurrency as a Security

The Chariman of U.S. the Security and Exchange during his latest address to congress shed ambiguous light the regulatory concerns surrounding Facebook’s Libra. As described in a post from Reuters, Jay Clayton, head of the SEC, didn’t provide any detailed statements about whether Facebook’s Libra will be regulated as securities or not. However, he opened […]

570
Like
Save
BitFlyer Announces New Cryptocurrency Offerings

Japan-based bitFlyer is adding multiple new coins to its European and American subsidiaries.

1,404
Like
Save