Coming guidance from the IRS is expected to clarify longstanding crypto tax questions. Here's what to look for.
via CoinDesk
Thursday, June 6, 2019
CryptoCurrency News: What to Expect When the IRS Alters Its Bitcoin Tax Policy
Coming guidance from the IRS is expected to clarify longstanding crypto tax questions. Here's what to look for.
via CoinDesk
CryptoCurrency News: Margin Lenders Lost $13.5 Million in May to Poloniex Crypto Crash
Margin lenders on Poloniex got hit with a 1,800 BTC ($13.5 million) loss on May 26th as a flash crash has made it unlikely borrowers will be able to repay the debt.
via CoinDesk
CryptoCurrency News: More Details Emerge on Team Behind Facebook’s Secretive Blockchain
News outlets are beginning to identify key staffers behind Facebook's "GlobalCoin" project.
via CoinDesk
CryptoCurrency News: Binance Confirms Stablecoin Offering Coming Soon: Report
Binance, the top crypto exchange by adjusted trading volume, has told Bloomberg it will issue its own stablecoins, likely within weeks.
via CoinDesk
CryptoCurrency News: Congressman Budd Defends Blockchain in Testimony to House Ways and Means Committee
"The bottom line is this is a national security issue and of utmost importance that we continue to develop this technology in the United States," said Congressman Budd.
via CoinDesk
CryptoCurrency News: Bitcoin and Gold Prices Diverge Again, Extending 5-Month Correlation
Bitcoin has shed $1,400 over the last seven days, contradicting gold's 5.4 percent price rise to the highest since February.
via CoinDesk
CryptoCurrency News: EOS Startup Block.One Is Using Its Billions to Buy Back More Equity
Block.one is buying back more equity from early investors. Some – but not the most famous ones – made 6,500 percent on the last buyback.
via CoinDesk
CryptoCurrency News: Cumberland Global Head Jason Leung Latest to Leave Crypto Trading Firm
Jason Leung, global head of DRW's cryptocurrency OTC shop Cumberland, has left the firm – joining two other high-level recent departures.
via CoinDesk
CryptoCurrency News: ConsenSys Capital Co-Founder Departs to Bring Wall Street Money to Ethereum
Andrew Keys is moving to DARMA Capital, where he intends to help investors generate returns on their ethereum and bitcoin holdings.
via CoinDesk
CryptoCurrency News: Overstock’s Medici Ventures Leads $7 Million Round for Blockchain Voting Startup
Blockchain-based mobile voting platform Voatz has raised $7 million in a Series A round led by Overstock's Medici Ventures and Techstars.
via CoinDesk
CryptoCurrency News: Kadena Releases Updated Smart Contract Language for ‘Hybrid Blockchains’
The enterprise blockchain startup has updated its Pact programming language to allow smart contract execution between private and public networks.
via CoinDesk
CryptoCurrency News: DARPA-Funded Study Looks at How Crypto Chats Spread on Reddit
A U.S. Department of Energy science lab has been studying how well three popular cryptos performed in Reddit chats. Here's what they found.
via CoinDesk
CryptoCurrency News: Bitcoin Struggles to Build Momentum After Defense of $7.4K Price Support
A key technical line applied brakes to bitcoin's sell-off earlier this week, but so far the bounce has been shallow, with upside capped around $7,900.
via CoinDesk
CryptoCurrency News: Visa and App Provider LINE Pay to Use Blockchain in New Fintech Offerings
Japanese app provider LINE Pay Corporation has inked a deal with Visa to create new fintech services for their retail and merchant customers.
via CoinDesk
CryptoCurrency News: Marshall Islands Sets Up Non-Profit to Oversee National Digital Currency
The Marshall Islands has set up a not-for-profit organization to oversee the Pacific nation's digital legal tender, the SOV.
via CoinDesk
CryptoCurrency News: Ethereum Startups Team to Offer ‘Banking-Grade’ Wallet Security
Insurtech startup Nexus Mutual and wallet provider Argent have teamed up to bring bank account-like protection to ethereum.
via CoinDesk
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