It’s no secret that the Internal Revenue Service (IRS) is starting to crack down on cryptocurrency traders who it suspects have been misreporting the digital asset on their taxes. The agency has reportedly sent out more than 10,000 warning letters, including 6174 and CP2000, alerting c...
Over the past few weeks, Bitcoin continues to strengthen its market dominance, while the price of altcoins has been falling sharply with its shrinking market value. Significantly, the increase of Bitcoin’s market share doesn’t result from the rise of Bitcoin’s price but the decline of alt...
Over the past three months, exchange tokens in China have doubled in price. What’s more, three major exchange tokens include LEO, HT, BNB have entered the Top30 crypto list. Among them, OKB has the highest increase of 200% since June. Emerging exchanges MXC plagued by moral ...
The world’s leading cryptocurrency exchange Binance is about to roll out its U.S.-based branch Binance US in the coming weeks, according to CEO Catherine Coley. Prior to it, Binance never officially operates in the U.S. and has cracked down on U.S. users who could still access ...
Lightning Network (LN) "would be the easiest way to steal Bitcoin" if the layer 2 protocol ever reaches serious volumes, the founder of prediction market platform Gnosis has claimed. Martin Köppelmann outlined the step-by-step approach of how the double spend exploit can work out without r...
Christine Lagarde, who has been nominated by European governments to replace sitting European Central Bank President Mario Draghi, appears kinder to the burgeoning cryptocurrency industry than her predecessor. In a statement issued to the Economic and Monetary Affairs Committee of...
“It’s gold for nerds.” — Stephen Colbert To idealists, it’s a brave new idea. To your parents, it’s a hipster fad. Civil libertarians see it as a tool to help us escape the oppression of banks and governments. Politicians see it as an illegal enabler of deep-web sites like the Silk R...
After numerous frustrated attempts to bring a bitcoin exchange-traded fund (ETF) to the wider public, VanEck Securities Corporation and SolidX Management are opting for a trial run with institutional investors to show regulators that the product is viable. As reported by The Wal...
The top 20 countries with the highest interest in cryptocurrency account for nearly 75 per cent of the total traffic to cryptocurrency exchanges, while the other 165 countries only account for 25.26%. Among them, the U.S. is the top source of traffic to crypto exchanges, according to a report fr...
Can cryptocurrencies like bitcoin wreck central banking? “The short answer is yes,” wrote Pierpaolo Benigno, a professor of economics at Rome’s Libera Università Internazionale degli Studi Sociali (LUISS), in an article published on April 26, 2019. On August 19, 2019, Ben...
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