U.S. Congress has shown that it is starting to care about cryptocurrency as a number of lawmakers spoke up in favor of it this week. “The world Satoshi Nakamoto had envisioned is an unstoppable force” and “there’s no capacity to kill bitcoin” are some of the comments made by lawmakers. Meanwhile, the Fed chair said […]
Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency to take the USD down a peg. The […]
The post Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin appeared first on Bitcoin News.
The cryptosphere was rubbing its hands with glee when U.S. president Donald Trump fired off a typically cantankerous tweetstorm on June 11 in which he took aim at Bitcoin, cryptocurrencies and Libra. Bitcoiners relished the sudden attention directed towards their sphere from the president’s 62 million-strong Twitter account, but took issue with the veracity of […]
The post The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’ appeared first on Bitcoin News.
BitIRA — pioneer of the first insured cold storage solution for cryptocurrency retirement accounts — has launched its newest tool, the “My BitIRA”[https://my.bitira.com] investing platform. My BitIRA maximizes the transparency and control individuals in the U.S. have over their cryptocurrency retirement accounts by granting direct access to monitor value and start transactions.
The post PR: My BitIRA Launches to Empower US Consumers With 24/7 Cryptocurrency Retirement Account Access appeared first on Bitcoin News.
An American city is planning to launch its own SLP token and a Canadian trading platform adds support for BCH pairs. Watch these and other developments discussed in this week’s video update on Bitcoin.com’s Youtube channel. Also Read: Bitcoin Cash ETP Lists on Leading Swiss Stock Exchange American City Plans to Create Local SLP Token […]
The post US City Plans SLP Token and Canadian Platform Adds BCH in the Bitcoin.com Weekly Video appeared first on Bitcoin News.
Coindeal’s popularity and number of new users are growing very fast. The exchange will soon be available in several states in the USA and has prepared their own CoinDeal token – CDL. This giveaway is addressed to its 300.000 current and 150.000 new users – internal exchange tokens are waiting to get them completely for free!
The post PR: CoinDeal Celebrates Premier League Sponsorship Renewal With Token Launch appeared first on Bitcoin News.
Andrew Henderson is the founder of Nomad Capitalist, a company which helps people from around the world move to different countries while minimizing their tax obligations. In recent years the company has created plans for dozens of people who made their wealth from the cryptocurrency sector, including business owners, traders, investors and consultants. News.Bitcoin.com interviewed […]
The post Why Cryptocurrency Investors Are Renouncing Their US Citizenship appeared first on Bitcoin News.
The FBI, working in conjunction with its European partners, has struck another blow against darknet markets (DNMs). On this occasion, it’s a particularly low blow, as news website Deepdotweb has become the latest victim of its interminable war on drugs. On May 7, both its clearnet and darknet domains were seized, and the operators arrested […]
The post Feds Seize News Site Deepdotweb as Darknet Crackdown Intensifies appeared first on Bitcoin News.
Silvergate Bank, headquartered in San Diego as a California state-chartered bank, started its cryptocurrency-related business in 2013. Now over 500 companies from the digital assets industry are using its services as one of the very few “bitcoin-friendly” banks based in the U.S. Also Read: American Electronics Giant Avnet Now Accepts Bitcoin Cash Payments Silvergate Files […]
The post Bitcoin-Friendly US Bank Silvergate Now Serves Over 500 Crypto Companies appeared first on Bitcoin News.
The international conference RISK 2019 to give host to Blockchain enthusiasts and experts on the second day of the conference in Laško, SloveniaREAL security d.o.o. the organizer of annual RISK conference 2019, the largest IT security event in Adriatics is proud to present their first blockchain technology event – Blockchain Day, which will be held on the second day of the conference on 21st of March 2019, at the congress center of Thermana Park Lasko in Slovenia.
While U.S. investors are waiting for a bitcoin ETF to be approved, American financial regulators are looking to make the market more transparent. The Securities and Exchange Commission (SEC) is seeking a service that will identify the owners of wallet addresses for multiple cryptocurrencies. Also Read: Chainalysis: Two Hacker Groups Stole $1 Billion in Crypto […]
The post SEC Solicits Blockchain Analysis Tool to Identify Wallet Owners appeared first on Bitcoin News.
U.S. presidential candidate John McAfee announced on Tuesday that he has fled the country. According to McAfee’s recent Twitter video he’s “living in exile” on a boat because he’s been charged with felonies handed down by the Internal Revenue Service (IRS). Also Read: Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison […]
The post Presidential Candidate John McAfee Flees U.S. for Alleged Tax Fraud appeared first on Bitcoin News.
International cryptocurrency payroll service provider Bitwage has announced that it has partnered with Texas-based Simply Efficient HR. The move will allow companies to pay W2 employee and payroll taxes in all 50 U.S. states, plus Puerto Rico, using BTC and ETH. Also Read: Bitpay Reports Processing Over $1 Billion Transactions in 2018 Bitwage and Simply […]
The post American Companies Can Now Settle Payroll Taxes In Cryptocurrency via Bitwage appeared first on Bitcoin News.
In today’s edition of The Daily, we feature a couple of stories that show how, despite the current downturn in the cryptocurrency markets, different locations in the U.S. are competing to attract the industry. We also cover a new bitcoin investment trust application with the SEC and a rebranding of a crypto exchange. Also Read: […]
The post The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly Bills appeared first on Bitcoin News.
There are now over 4,000 bitcoin ATMs throughout the world, global statistics provided by Coinatmradar.com show. Nearly all of them support bitcoin (BTC) and a growing number are supporting bitcoin cash (BCH). Most of the machines, also known as BATMs, can be found in the U.S., though their presence is steadily growing, not only in developed European […]
U.S. federal law enforcement authorities are among the most active criminal agencies globally against cryptocurrency infractions. A new example of this is that FBI and Homeland Security agents have reportedly raided a technology campus over unauthorized cryptocurrency trading. Also Read: Epic Founder Addresses Fortnite Crypto Rumors, Robinhood Recruiting in London Unauthorized Crypto Trading According to […]
The post FBI and Homeland Security Agents Raid Tech Campus Over Unauthorized Crypto Trading appeared first on Bitcoin News.
In today’s edition of The Daily, we feature a couple of stories that show how the U.S. is potentially stifling the development of the local cryptocurrency industry by burdening companies with costly compliance. We also cover a partnership between a computer chip manufacturer and a crypto studio. Also Read: Banking Struggle Drives Bitcoin ATM Manufacturer […]
The post The Daily: Kraken Swamped by US Subpoenas, AMD Partners Crypto Studio appeared first on Bitcoin News.
Last Thanksgiving, Bitcoin was in the middle of a bull run that would result in a record high of $19,511 just before Christmas. Now, Bitcoin is worth just $3,752.
If you bought Bitcoin and other cryptos when their prices were high, there’s a silver lining around the gray state of crypto markets now: any losses you take this year could place you in a lower tax bracket. What’s more, claiming those losses is easier than you might assume.
The post PR: Write off Crypto Losses With CoinTracking.info appeared first on Bitcoin News.
Taxes have been a hot topic in the cryptocurrency world this year. Many countries have been trying to figure out how to tax crypto assets, while traders have been figuring out how to lever them to write off losses. As bitcoin and other cryptocurrencies enter the mainstream, tax reduction strategies are starting to emerge. Also […]
The post Cryptocurrency and Taxes: How to Use 2018’s Losses to Your Advantage appeared first on Bitcoin News.
American ATM network Athena Bitcoin is continuing its aggressive expansion in Latin America, with now 17 ATMs in five cities in Colombia. The company is sure the ATMs are a good investment but news.Bitcoin.com spoke to Colombians who were, if anything, baffled by the new machines. Also read: BCH Leads the Way as Crypto Markets Brighten […]
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In today’s edition of The Daily, we feature a couple of stories from the U.S. political scene. President Donald Trump has chosen a known Bitcoin advocate as the Acting White House Chief of Staff. And a congressman proposes to fund the building of a barrier on the U.S.-Mexico border with a “Wall Coins” crowdsale offering. […]
The post The Daily: Trump Chooses Bitcoin Advocate as Chief of Staff, Congressman Proposes Wall Coins appeared first on Bitcoin News.
Carol Goforth is a professor at the University of Arkansas School of Law. She recently published a paper about the consequences of having cryptocurrency regulations fall under a number of conflicting laws, defined by various U.S. authorities, all at the same time. Also Read: IRS to Face Record Number of Crypto-Related Loss Claims Confusing, Prohibitive […]
The post US Law Professor: Confusing Cryptocurrency Regulations Will Hamper Innovation appeared first on Bitcoin News.
The U.S. authorities appear to have greatly increased their focus on initial coin offerings (ICOs). In addition to the big federal bodies that are going after them on a national level, projects are also being targeted by regulators in states such as Colorado, where another another four were put on notice on Tuesday. Also Read: […]
The post Colorado Regulator Issued Orders Against 18 ICOs, With More on the Way appeared first on Bitcoin News.
A new patent from IBM identifies the need for a blockchain-based science research safeguarding tool.
U.S. multinational IT company IBM plans to use blockchain to aid sci…