“Willful” vs. “non-willful” tax flubs with crypto transactions have huge consequences with the IRS. Willful and non-willful tax flubs are different. Taxes are complex, and innocent tax mistakes can often be forgiven — maybe with no penalty. Even if there is a penalty, non-willful is vastly lower than willful. In a criminal tax case, this […]
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China’s central bank relies on centralization and suppression of open technologies such as blockchain, with its next step being to issue a national stablecoin. The People’s Bank of China (PBoC), the country’s central bank, has announced that it is planning to launch a central bank digital currency (CBDC), inspired in part by Facebook’s Libra project. […]
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BitTorrent, a company known for its file transfer service, is testing its blockchain-based live streaming platform with an intended launch in Q1 2020. Major file sharing company BitTorrent, a subsidiary of blockchain company Tron, is going to internally test its blockchain-based live streaming platform in Q3 2019. Platform overview BitTorrent announced the news in an […]
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Countries and internet companies hold on to hard stances on cryptocurrency advertising, as the industry seeks to survive the challenges. The United Kingdom’s Advertising Standards Authority (ASA) recently resolved a complaint regarding advertising of Bitcoin (BTC) from the BitMEX crypto derivatives exchange. According to the ASA, the website showed Bitcoin graphs with misleading price dynamics […]
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Interest in сrypto funds is on the rise — what are the hurdles to adoption? Cryptocurrencies are upending the worlds of banking, retail and payments in countless ways, but there has been one area where this burgeoning industry has somewhat fallen behind: investments. While it can be easy to build portfolios that focus on stocks […]
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Experts in law, blockchain technology and crypto take on the question: Could the U.S.’s First Amendment regulate the legality of Bitcoin as free speech? There is a concept that exists in the crypto space that effectively states: Bitcoin (BTC) is code, code is speech and speech is protected under United States law. We asked legal […]
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Blockchain-based internet browser startup Brave expanded its crypto tipping option by integrating it into Reddit and Vimeo. Blockchain-based internet browser Brave has continued expanding its crypto tipping option by integrating it into Reddit and Vimeo. Reddit and Vimeo follow Twitter Announced on Twitter on Aug. 21, a new version of Brave Browser enables users to […]
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Tyson denies any connection with Fight to Fame. Suspected of cryptocurrency fraud, the project claims the opposite, saying the former boxer is a co-founder. United States boxing legend Mike Tyson has denied a connection with the cryptocurrency project Fight to Fame, which is suspected of financial fraud. He announced it in a Twitter post on […]
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Hacked crypto exchange Coincheck considers launching an initial exchange offering to help firms raise funds via utility tokens. Major Japanese crypto exchange Coincheck is considering launching an initial exchange offering (IEO) platform for raising funds through utility tokens. The platform Acquired by Japanese financial services firm Monex Group in April 2018, Coincheck hinted at its […]
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American cryptocurrency exchange Kraken has announced support for the Basic Attention Token and Waves starting on Aug. 22. American cryptocurrency exchange Kraken will add support for Basic Attention Token (BAT) and Waves (WAVES). According to an announcement on Aug. 21, the exchange’s users will be able to deposit and withdraw the aforementioned coins starting tomorrow, […]
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