The U.S. Internal Revenue Service (IRS) has issued long-awaited guidance on the tax treatment of cryptocurrencies. It is generally described by the crypto community as a mixed bag since some parts are useful while others have raised many more questions, particularly how cryptocurrencies from hard forks and airdrops are taxed. Also read: 10 Tax Tools […]
The post IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In appeared first on Bitcoin News.
https://news.bitcoin.com/irs-issues-new-crypto-tax-guidance-after-5-years-experts-weigh-in/
Governments in nearly 100 countries have been sharing offshore bank account information in an effort to crack down on tax evasion. Their “Automatic exchange of information” has led to uncovering 10 trillion euros ($11 trillion) in offshore assets in 84 million bank accounts. The Organisation for Economic Co-operation and Development (OECD) said on Tuesday that […]
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https://news.bitcoin.com/11-trillion-offshore-assets-100-countries-84-million-bank-accounts/
The UK’s top financial regulator has conducted a survey and found a “significant increase” in the number of crypto owners and awareness of cryptocurrencies. The regulator estimates that 2.6 million people in the country have bought cryptocurrencies, most of which were from non-UK cryptocurrency exchanges. UK Regulator’s Crypto Survey The Financial Conduct Authority (FCA), which […]
The post A ‘Significant Increase’: UK Regulator Says 2.6 Million Residents Have Bought Cryptocurrencies appeared first on Bitcoin News.
https://news.bitcoin.com/significant-increase-uk-2-6-million-have-bought-cryptocurrencies/
The founder of Freedomain, philosopher and alt-right activist, Stefan Molyneux, received more than $100,000 in cryptocurrency donations after he was banned from Youtube on June 29, 2020. Stefan Molyneux is well known for his Youtube videos, podcasts, and books. His early Youtube videos describing the benefits of bitcoin have been lauded. While getting over $100k […]
The post Alt-Right Activist Stefan Molyneux Banned from Youtube, Raises $100K in Crypto Donations appeared first on Bitcoin News.
https://news.bitcoin.com/alt-right-activist-stefan-molyneux-banned-from-youtube-raises-100k-in-crypto-donations/
The most popular stablecoin, Tether, has propelled its way into the third-largest position by cryptocurrency market capitalization. At the time of publication, a number of market valuation aggregators show that Tether’s market cap is between $9.1 to $10.1 billion. Tether (USDT) is a well known stablecoin token issued by the company Tether Limited. The company […]
The post Tether’s Market Valuation Grows 144% in 2020, USDT Market Cap Worth $10 Billion appeared first on Bitcoin News.
https://news.bitcoin.com/tethers-market-valuation-grows-144-in-2020-usdt-market-cap-worth-10-billion/
The second quarter of 2020 was very profitable for bitcoin investors, according to data analytics firm Skew. During the period, the top cryptocurrency climbed 42%, its fourth-best quarterly close since 2014. For the March quarter, the digital asset fell 10.6%, dragged by the massive Black Thursday crash. As a matter of fact, bitcoin declined in […]
The post Bitcoin Investors Pocketed 42% in Gains During the Second Quarter of 2020 appeared first on Bitcoin News.
https://news.bitcoin.com/bitcoin-investors-pocketed-42-in-gains-during-the-second-quarter-of-2020/
On July 1, 2020, the popular eatery and bar in Japan, Brewdog Tokyo, started accepting bitcoin cash payments for products and services. The establishment is the third Brewdog bar to accept bitcoin cash, as the cryptocurrency is accepted at the London and Budapest locations as well. In order to celebrate Brewdog Tokyo supporting bitcoin cash, […]
The post Brewdog Tokyo Accepts Bitcoin Cash Payments: Local BCH Meetup Gathers to Celebrate appeared first on Bitcoin News.
https://news.bitcoin.com/brewdog-tokyo-accepts-bitcoin-cash-payments-local-bch-meetup-gathers-to-celebrate/
The gold industry has been shaken after it was discovered that 83 tons of fake gold bars have been used as collateral for loans worth 20 billion yuan from 14 financial institutions to a major gold jewelry manufacturer in Wuhan, China. This amount of gold “would be equivalent to 22% of China’s annual gold production […]
The post Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China appeared first on Bitcoin News.
https://news.bitcoin.com/gold-industry-83-tons-fake-gold-bars-secure-2-billion-loans-china/
Hut 8 Mining Corp. has raised $8.3 million from the sale of 6% of its shares to investors. The Canadian bitcoin miner originally intended to raise $7.5 million from the sale, but it was oversubscribed. Totonto Stock Exchange-listed Hut 8 issued about 5.8 million “units” at a price of $1.45 each. Each unit is comprised […]
The post Bitcoin Miner Hut 8 to Add 275 PH/s of Mining Capacity With $8.3M Capital Raise appeared first on Bitcoin News.
https://news.bitcoin.com/bitcoin-miner-hut-8-to-add-275-ph-s-of-mining-capacity-with-8-3m-capital-raise/
During the last seven days, the price of bitcoin has dropped 4.8% from a high of $9,700 on June 24, to a low of $8,965 on June 27. Since then the price has increased and the price per bitcoin is back above the $9k zone but much lower than before. The lower price has affected […]
The post Bitcoin’s 5% Drop in Value Puts Pressure on BTC Mining Operations and Older ASIC Rigs appeared first on Bitcoin News.
https://news.bitcoin.com/bitcoins-5-drop-in-value-puts-pressure-on-btc-mining-operations-and-older-asic-rigs/
This week a number of Kleiman v. Wright lawsuit depositions have recently published and are now available for public viewing. One specific deposition with the former Bitcoin Core lead maintainer, Gavin Andresen, casts doubt on the claim that Wright is Satoshi Nakamoto. Moreover, the Bitcoinsv supporter Daniel Krawisz has been speaking out about Wright and […]
The post Bamboozled: Gavin Andresen Says He Could Have Been Fooled by Craig Wright, BSV Supporters Speak Out appeared first on Bitcoin News.
https://news.bitcoin.com/bamboozled-gavin-andresen-says-he-could-have-been-fooled-by-craig-wright-bsv-supporters-speak-out/
The amount of bitcoin that has not moved in over a year is at an all-time high. The last peak was in 2016, before the bitcoin bull run that saw the price spike to $20K. Several forecasting models have predicted that the price of bitcoin will reach $20K this year and the next bull run […]
The post Record Breaking Unmoved Bitcoin Data Sparks Expectation of Imminent Bull Run appeared first on Bitcoin News.
https://news.bitcoin.com/record-breaking-unmoved-bitcoin-data-bull-run/
On June 28, 2020, the team behind Ghost Coin revealed a partnership with the digital currency payment processor Ivendpay. Ghost is a project led by the notorious John McAfee and according to the recent announcement, 60 vending machines in Hong Kong will support the privacy-centric coin for payments. It’s surely never a dull day in […]
The post 60 Hong Kong-Based Vending Machines Support McAfee’s Ghost Token for Payments appeared first on Bitcoin News.
https://news.bitcoin.com/60-hong-kong-vending-machines-mcafees-ghost-token/
The crypto industry in India is experiencing massive growth, according to a new survey of crypto banks and exchanges. Despite the country’s deepening coronavirus crisis, crypto exchanges say trading volumes and the number of signups continue to grow substantially. India’s Cryptocurrency Trading 2020 Indian media agency Bit2buzz has conducted a survey of local crypto banks […]
The post Indian Crypto Banks and Exchanges See Massive Growth Amid Rising Covid-19 Crisis: Survey appeared first on Bitcoin News.
https://news.bitcoin.com/indian-crypto-banks-exchanges-massive-growth/
A new, comprehensive analysis has predicted the price of bitcoin to reach almost $20K this year and will keep rising to almost $400K by 2030. The researchers have also predicted the future prices of several other major cryptocurrencies, including bitcoin cash, ethereum, and litecoin. New Bitcoin Price Forecast The June edition of the Crypto Research […]
The post Comprehensive Analysis Predicts Bitcoin Price Near $20K This Year, $398K by 2030 appeared first on Bitcoin News.
https://news.bitcoin.com/bitcoin-price-20k-2020-398k-2030/
U.S. contract mining firm Core Scientific has agreed on a deal to buy 17,600 mining rigs from Chinese bitcoin hardware maker Bitmain Technologies Inc. The company is buying Bitmain’s next-generation bitcoin (BTC) miner, the Antminer S19, it said in a statement on June 29. The miners will be fully installed at data centers operated by […]
The post US Contract Miner Core Scientific Buys 17,600 Bitcoin Miners From Bitmain appeared first on Bitcoin News.
https://news.bitcoin.com/us-miner-core-scientific-buys-17600-bitcoin-miners-bitmain/
This month Bitcoin.com launched two services that help facilitate bitcoin cash adoption and crypto remittance via email. In a recent video on June 5, Bitcoin.com’s Roger Ver showcased gifts.bitcoin.com, a new feature that allows individuals to send BCH gift cards via email. Additionally, Bitcoin.com also launched send.bitcoin.com, a tool that provides users with the ability […]
The post Gifts and Remittances: Bitcoin.com’s New Tools Allow People to Send BCH via Email appeared first on Bitcoin News.
https://news.bitcoin.com/gifts-remittances-bitcoin-coms-tools-send-bch-via-email/
On June 24, the block explorer and blockchain data platform, Blockchair, announced the launch of a new privacy tool called the “Privacy-o-meter.” According to Blockchair, the new service combats blockchain surveillance companies by highlighting privacy issues for crypto transactions. This week the blockchain explorer and crypto analytics firm, Blockchair, revealed a new tool that aims […]
The post Visualize Crypto Transaction Privacy Scores With Blockchair’s ‘Privacy-o-Meter’ appeared first on Bitcoin News.
https://news.bitcoin.com/visualize-crypto-transaction-privacy-scores-with-blockchairs-privacy-o-meter/
Decentralized finance (Defi) protocol Balancer was on Sunday hacked for more than $450,000 worth of cryptocurrency. In two separate transactions, an attacker targeted two pools containing Ethereum-based tokens with transfer fees – or so-called deflationary tokens. Pools with Sta and Stonk tokens were affected by this exploit, Balancer, an automated market marker protocol, said on […]
The post ‘Sophisticated’ Hacker Plunders $450,000 From Defi Protocol Balancer appeared first on Bitcoin News.
https://news.bitcoin.com/sophisticated-hacker-plunders-450000-from-defi-protocol-balancer/
The infamous and controversial owner of the website bitcoin.org, Cobra, is under fire recently and a number of community members have asked to see the website removed from his possession. The initial argument was sparked by the website’s maintainer, Will Binns, who told the public that bitcoin.org was in “danger of being compromised.” Since then, […]
The post Bitcoin.org Maintainer Calls for the Removal of Cobra, Website Owner Then Fires Him appeared first on Bitcoin News.
https://news.bitcoin.com/bitcoin-org-maintainer-calls-for-the-removal-of-cobra-website-owner-then-fires-him/
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