Once an IRS investigation or audit is opened, it’s too late to make amends, warn tax lawyers. The Tax Law Office of David W. Klasing, a boutique California tax firm, has issued a public release warning investors that the United States Internal Revenue Service is getting serious with Coinbase users. The firm’s dual-licensed tax lawyers […]
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The launch coincides with an AKN token listing on Bittrex cryptocurrency exchange. Akoin, the cryptocurrency project of American-Senegalese musician, Akon, is launching imminently in the $2 billion Mwale Medical Technology City, or MMTC, in Western Kenya. As a newly built city, centred around a state-of-the-art medical and technology complex, MMTC would seem to be the […]
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KuCoin has resumed full services for 176 out of the total 230 tradable assets to date. KuCoin cryptocurrency exchange has recovered the majority of funds lost in a $280 million hacking incident in September, a senior executive has said. Johnny Lyu, a co-founder and CEO at KuCoin, announced on Nov. 11 that the exchange has […]
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Bitcoin whales sold the highest amount of BTC since March, which is a bullish sign for BTC price based on previous market cycles. The price of Bitcoin (BTC) has reclaimed $15,500 on Nov. 11 after whales sold the highest amount of BTC since March. In the past cycles, the dominant cryptocurrency typically rallied after a […]
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Monetary reforms and a lack of regulation mean crypto is booming in Cuba. Cuba is seeing an influx of cryptocurrency activity amid an apparent absence of related regulation in the country, according to senior executives at local crypto firms. In early November, Cuba recorded a major spike in Bitcoin (BTC)-related Google queries, indicating an increase […]
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China Construction Bank has used blockchain technology to issue the first tranche of a planned $3 billion worth of debt. China Construction Bank has partnered with a Hong Kong-based fintech to issue the first-ever blockchain-based digital security issued by a Chinese financial institution. One of the “Big Four” banks in the People’s Republic of China, […]
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Geth developers to blame? The Ethereum network has suffered what looks like a hard fork on Wednesday as reports emerged of outages and irregularities on infrastructure providers Infura and Blockchair. While initially it was believed to be an internal issue in Infura, a hosting service used by some exchanges and service providers to interact with […]
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The attorneys representing the accused principal of shadow-bank Crypto Capital, Reggie Fowler, have filed motions to withdraw as his counsel. The attorneys representing Reggie Fowler — the accused operator of the notorious shadow-bank to the crypto sector, Crypto Capital — have filed a motion to withdraw as Fowler’s counsel. According to the motion, Hogan Lovells […]
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With Uniswap’s liquidity mining rewards program set to end in one week, the project has called a community meeting to discuss how to move forward. Leading decentralized exchange (DEX) Uniswap has announced an “unofficial community call” set for Nov. 12 at 12 noon ET. The call is scheduled to discuss several core governance issues central […]
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Reduced mempool activity not only results in reduced fees but gives users a chance to perform transactions that may not otherwise be practical. The Bitcoin network mempool shrank to its smallest size since mid-October this week after the network’s hash power soared. The clear mempool meant that that thousands of stuck transactions pending confirmation were […]
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