Bitcoin Drops to $10,000 in Recent Downtrend

Bitcoin has fallen to $10,000, the latest low in an ongoing slump this week. Despite exceeding $12,000 several times this month, Bitcoin (BTC) has slumped back to $10,000 in a recent downtrend. The number one cryptocurrency last traded below $10,000 on July 31. A little earlier this month, experts were optimistic about Bitcoin continuing its […]

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Iran Crypto Devs Launch Platform for Flood Victims in Light of US Sanctions

Crypto developers in Iran have created a charity platform for crypto donations in an effort to bypass United States sanctions. Volunteer cryptocurrency developers in Iran have created a blockchain platform called IranRescueBit, which allows people to make charitable cryptocurrency donations to aid regions in the country in recovering from destructive flooding. Al Jazeera shared the […]

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Bitmessage Developer: Craig Wright Faked Documents on Bitcoin Creation

The developer of peer-to-peer messenger Bitmessage testified against computer scientist Craig Wright, stating that some of Wright’s documents in a trial were faked. The developer of peer-to-peer messenger Bitmessage, Jonathan Warren, testified against Australian computer scientist Craig Wright stating that some of Wright’s documents in a recent trial were faked. Per a court document released […]

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Binance Jersey Partners with Crypto Platform Caspian for Faster Trades

Binance’s fiat-to-crypto service for European currencies has partnered with a fast-execution crypto platform. Binance’s fiat-to-crypto conversion branch for euros and British pounds, Binance Jersey, has entered into a partnership with the crypto investment service Caspian, which provides trading, portfolio and risk management on its platform. Caspian shared news of the partnership with Cointelegraph on Aug. […]

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Luxembourg Financial Watchdog: Crypto Entity Lied About Licensure

Luxembourg’s financial regulator has warned the public that a cryptocurrency-related firm has no license to operate in the country, despite its claims. Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), says that a seemingly crypto-related entity called Cryptominingoptionsignal claims to be licensed in Luxembourg, but is not. In a warning notice dated […]

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US Crypto Holders Only Have a Few Days to Reply to the IRS 6173 Letter

Cryptocurrency holders that will not reply are subject to account examination by the United States Internal Revenue Service. Last month, the United States Internal Revenue Service (IRS) sent approximately 10,000 letters to cryptocurrency holders regarding their crypto holdings. The IRS has begun sending letters to taxpayers with digital currency transactions that potentially failed to report […]

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