Category: custodial

IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In

IRS Issues New Crypto Tax Guidance After 5 Years - Experts Weigh InThe 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 […]

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How Coinbase Quietly Became the World’s Biggest Bitcoin Bank

How Coinbase Quietly Became the World’s Biggest Bitcoin BankOn August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with more than $7 billion under custody. Also Read: Hong Kong Protest Leader Hopes to […]

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Broken Phone? Don’t Sweat It — Restore a Bitcoin Wallet in Minutes

Broken Phone? Don't Sweat it — Restore a Bitcoin Wallet in MinutesWith bitcoin ownership, it’s very important to back up your mnemonic seed phrase in order to restore your funds in case of an emergency. For instance, a device holding a wallet can be broken, get lost or stolen and the backup is the only way to retrieve the funds after these mishaps. The following is […]

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Coinbase Noncustodial Wallet Adds BTC Support and Plans to Add More Assets

Coinbase has announced support for bitcoin core (BTC) in the company’s noncustodial wallet. The wallet was originally originally dedicated to ethereum (ETH), ethereum classic (ETC), ERC721 and ERC20 tokens. The San Francisco based company plans to add more currencies to the wallet in the near future. Also Read: The Daily: F1 Team Gets Crypto Sponsor, Dubai […]

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The Difference Between Custodial and Noncustodial Cryptocurrency Services

The Difference Between Custodial and Noncustodial Cryptocurrency ServicesSince the Bitcoin Cash (BCH) fork occurred recently, it’s a good time to discuss the difference between custodial and noncustodial cryptocurrency services. Newcomers to the digital asset economy often get confused when they hear about a blockchain split and may wonder how they should handle the outcome. Individuals should note that the best solution depends […]

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Chinese Startup Gets Crypto Custodial Services License in Hong Kong

Chinese Startup Gets Crypto Custodial Services License in Hong KongCryptocurrency custodians are third parties that store large amounts of digital assets for institutions, hedge funds, exchanges and issuers of initial coin offerings. Companies in Hong Kong now have a new locally regulated option, which could help to increase investor confidence. Also Read: You Can Now Withdraw Split BCH and BSV Coins From Coinex Keep […]

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Preparing for the Looming Bitcoin Cash Fork

Preparing for the Impending Bitcoin Cash ForkOn Nov. 15, the Bitcoin Cash (BCH) network faces a contentious fork and many BCH users have been wondering what to do with their funds before the consensus changes. In order to address some questions concerning the upcoming fork, news.Bitcoin.com has outlined some of the options available for BCH proponents. Also read: A Look at […]

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$10 Trillion US Exchange Takes a Step Toward Crypto: Nasdaq Bids for Cinnober

$10 Trillion US Exchange Takes a Step Toward Crypto: Nasdaq Bids for CinnoberNews wires buzzed this week when the National Association of Securities Dealers Automated Quotations (Nasdaq) announced its pending purchase of Swedish crypto-friendly stock exchange Cinnober. Nasdaq made “an USD 190m all cash recommended public offer” to the exchange, which it terms a major “financial technology provider to brokers, exchanges and clearing houses worldwide.” It could […]

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Bitcoin ETFs are a Terrible Idea: Andreas Antonopoulos

Bitcoin ETFs are a Terrible Idea: Andreas AntonopoulosAnnouncing this week he intended to “burst” the ecosystem’s “bubble” because of “Lambos” and “to the moon, and all that,” one of the most respected thought leaders in cryptocurrency, Andreas M. Antonopoulos revealed he believes bitcoin exchange traded funds (ETFs) are “a terrible idea.” The author of The Internet of Money and the seminal Mastering […]

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Coinbase Custody is Eyeing Some Extremely Odd Altcoins

Coinbase Custody is Eyeing Some Extremely Odd AltcoinsAs is now customary for the company, Coinbase has released a list of the latest assets it’s considering. The latest batch are being mooted for its institutional platform, Coinbase Custody, and thus are for storage only at this time, though future trading cannot be discounted. The list of altcoins it’s considering is as eclectic as […]

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