Data from U.S. crypto exchange and wallet service Coinbase shows that Bitcoin continues to outperform the S&P 500 since 2013. According to a new report by United States-based cryptocurrency exchange and wallet service Coinbase, Bitcoin (BTC) continues to outperform the world’s most popular stock indexes. Coinbase published its latest report on the day that the…
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Belgium’s financial watchdog has made an additional update to its blacklist of crypto-related websites associated with fraud. Belgium’s Financial Services and Markets Authority (FSMA) has made an additional update to its blacklist of cryptocurrency-related websites associated with fraud. On Oct. 29, Belgium’s financial watchdog updated its list of cryptocurrency trading platforms for which it has…
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Changpeng Zhao, CEO of major cryptocurrency exchange Binance, will be speaking at the Turkish Capital Markets Summit in November. Changpeng Zhao, CEO of major cryptocurrency exchange Binance, will be speaking at the Turkish Capital Markets Summit 2019. On Nov. 1, Cointelegraph Turkish reported that Zhao, also known as CZ within the crypto community, will be…
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Veritaseum has been ordered to pay an $8 million disgorgement fine for selling unregistered securities by a New York Eastern District Court. The CEO of Delaware-registered blockchain firm Veritaseum LLC and New York-registered Veritaseum Inc., Reggie Middleton, was ordered to pay $8.4 million in disgorgement, according to a new court order. Additionally, Middleton is liable…
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The price of Bitcoin is holding above the $9,100 price mark as the market is mostly trading sideways today. Thursday Oct. 31 — Cryptocurrency markets are largely trading sideways with most changes among the top-20 coins not exceeding 1% on the day. Cryptocurrency market daily overview. Source: Coin360 Bitcoin (BTC) has been trading sideways for the…
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Keeping track of your crypto transactions can be crucial for some much-needed peace of mind. How can I be informed of what’s happening with my crypto transactions? Some crypto exchanges are aiming to deliver full transparency to their users. This attitude toward openness can be especially beneficial for users who are using Bitcoin and other…
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Do you have a diverse portfolio that contains digital currency? The United States Internal Revenue Service also wants to know your answer. On Oct. 9, 2019, the United States Internal Revenue Service issued Revenue Ruling 2019-24 and a series of frequently asked questions, identifying rules governing U.S. taxation of digital currencies. Taxation in the U.S.…
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Alternative use cases for a blockchain, existing alternatives to proof-of-work, and a case for why we need new consensus mechanisms. The Bitcoin white paper was published 11 years ago today, on Oct. 31, 2008, meaning that Bitcoin (BTC) is celebrating its 11th year of existence. From its humble beginnings to over a $300 billion market…
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Understanding the new IRS guidance for cryptocurrency. The United States Internal Revenue Service (IRS) is continuing to focus its efforts in cryptocurrency. After sending a recent enforcement letter, the IRS has released two new pieces of guidance for taxpayers who engage in transactions involving digital currency. The new guidance includes Revenue Ruling 2019–24 and FAQs,…
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Here are the basic steps to success when making your first cryptocurrency investment. Investing in Bitcoin (BTC) can be quite intimidating if you’re only just learning about its existence now. In fact, taking the plunge and entering the cryptocurrency sphere is a risk for anyone, with or without investment experience. This is because the crypto…
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