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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While the United States might be losing ground to China in the blockchain technology race, and has slightly fewer players in the security token ecosystem than Europe, the world’s largest economy still dominates in a several security token-related areas, per the findings of a new study. Switzerland-based security token platform BlockState says it has cooperated…
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With all the developments, ups and downs, crashes and rallies that the market has experienced over the course of the last year, it’s not surprising that there would be victims along the way. However, it’s interesting to notice that only 10 out of the top 50 coins by market capitalization are in green. Indeed, the…
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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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Canada’s volatile history of mainstream adoption and fraud is directly impacting the future of cryptocurrency in the country. Recently, Canada’s central bank has been leading working groups with global partners exploring a blockchain future. Their crypto presence has soared with Ernst & Young’s announcement that it is using Toronto to test its public government expenditure…
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Bitcoin is digital freedom because it allows making the transactions that others don’t want you to make, Blockstream CSO says. Hostility to Bitcoin (BTC) from the global regulators is a double-edged sword that can hurt authorities if they lose their power, the Blockstream Chief Strategy Officer (CSO) warned. During a panel at a Liquid meetup…
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Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world. Fiat news 29% of surveyed Americans believe that the U.S. dollar is still backed by gold, a recent survey of 1,000 respondents showed. Only 30% accurately stated that it’s…
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Recently, there was a downside correction in bitcoin below the USD 9,250 support area. BTC/USD tested the USD 9,000 support area and it is currently (08:00 UTC) consolidating losses. If the price breaks the USD 9,000 support, it could correct further towards USD 8,850 or USD 8,700. Similarly, many major altcoins are correcting lower and…
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Nobuaki Kobayashi repeats extends the deadline for the same reasons as before — the number of “fully or partially disapproved” claims. The trustee in charge of refunding users who lost money in the implosion of Bitcoin (BTC) exchange Mt. Gox has again extended the submission deadline for claims. In a statement released on Oct. 28,…
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Source: Rami Al-zayat on Unsplash The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. This article has been brought to you by DappRadar, a dapp data aggregator and analysis firm. ___________ Back when everyone was upgrading to smartphones, Apple caught the zeitgeist with…
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