It has been over a decade since the bitcoin network first breathed its digital life, bringing with it the blockchain concept. Since then, the search for the best cryptocurrency has riveted both blockchain advocates as well as the mainstream media. No matter what your opinion about cryptocurrencies, they undoubtedly represent a bold vision of our […]
Speculation is at the heart of the cryptocurrency market. Obviously, price speculation is present across all assets, but most thriving cryptocurrencies have survived largely thanks to speculation about their anticipated applications and promised potential.Of course, this speculative quality has also been at the heart of the volatility in the crypto market. Bad actors and shady […]
Bitcoin, ethereum, litecoin, Ripple’s XRP, and bitcoin cash, the top five cryptocurrencies by value (excluding stablecoin tether), leaped over the U.S. Thanksgiving holiday weekend.The bitcoin price climbed from under $7,000 per bitcoin to almost $8,000 in just two days, with ethereum, litecoin, Ripple’s XRP, and bitcoin cash all making similar gains (despite some worrying news […]
Well-known crypto analyst Aat de KWAASTENIET presented the new cryptocurrency ranking system in his Medium blog post. Instead of taking into account their market capitalization, he focuses on the number of nodes.He clarified that the price of a given cryptocurrency is not be the only factor that should be taken into account when evaluating these assets. […]
South Korea is showing that it isn’t overly difficult to create the necessary framework for the cryptocurrency industry. According to the Korea Joongang Daily, government officials are closer to legitimizing Bitcoin, thanks to the passage of a bill that creates the foundation for virtual assets in the country.The South Korean National Assembly, through its national […]
The IRS will be able to proceed with a summons on the cryptocurrency exchange Bitstamp—despite a taxpayer’s attempt to intervene—if it sufficiently narrows its request, a federal judge said.“The summons requests information that is irrelevant to the IRS’s stated purpose of auditing Petitioner’s 2016 amended return,” Judge John C. Coughenour of the U.S. District Court […]
When I last looked there were 350 cryptocurrency exchanges and there were probably a lot more after I last counted them. During the crypto bubble they were popping up everywhere.Now they are dying away.Hardly a week goes by without another exchange pulling the plug. Recently it was CoinExchange.io.The reason is not too complicated; many of […]
The world is a constantly changing place — and from an economic standpoint, things are dramatically shifting, too. Two major superpowers, the United States and China, are embroiled in a dramatic trade war where tit-for-tat tariffs have been placed on goods — breeding uncertainty for consumers and businesses alike and making everyday products more expensive. […]
The U.S. Internal Revenue Service (IRS) has cleared up some confusion about how cryptocurrency transactions are taxed, particularly regarding like-kind exchanges and promotional airdrops. As the tax agency intensifies its enforcement efforts, more people are seeking the best tax software to help them.Pre-2018 Like-Kind ExchangesThe latest IRS cryptocurrency tax guidance has raised a number of […]
Iranian authorities are offering a bounty to anyone who exposes unauthorized mining operations in the country, Iranian news outlet PressTV reports on Nov. 13.A spokesman of the Energy Ministry announced the bounty program during an interview with local news outlet IRIB News, while illustrating the new electricity pricing mechanism for miners.Mostafa Rajabi, the spokesman in […]
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