H&R Block has begun providing consultations on how to properly file cryptocurrency gains and losses on tax returns. United States-based accounting firm H&R Block has begun serving as an intermediary between crypto users and the Internal Revenue Service (IRS) after the agency began sending letters to crypto traders who may have failed to report income […]
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Peer-to-peer payments firm Circle is hitting the pause button on its Circle Research activities in latest of many cutbacks for the company this year. Crypto finance startup Circle announced that it is hitting the pause button on its Circle Research activities. Deciding on a future direction for the program On Sept. 24, the Circle team announced […]
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The United States Congress passed a bill that calls for the director of FinCEN to study blockchain in its fight against financial crime. The United States House of Representatives has passed a bill that calls for the Financial Crimes Enforcement Network (FinCEN) to study blockchain technology in its fight against financial crime. On Sept. 19, […]
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The entire cryptocurrency market is bleeding heavily, with Bitcoin SV showing losses of more than 34%. Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day. Cryptocurrency market daily overview. Source: Coin360 The last few hours have been nothing but pain for the entire crypto market. […]
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Bitcoin is flash crashing all the way down to $8,150, dropping $1,500 in 24 hours. Tuesday Sept. 24 – Bitcoin’s price is retracing rapidly from over $9,800 to $8,150 in less than a day and for the first time in months. Bitcoin 24 hour price chart. Source: Coin360 The Bitcoin price flash crashed hard, dropping close […]
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The U.S. SEC has begun proceedings on the proposed rule change to securities laws to list Wilshire Phoenix’s Bitcoin ETF. The United States Securities and Exchange Commission (SEC) has initiated proceedings regarding the Wilshire Phoenix Bitcoin (BTC) exchange-traded fund (ETF) proposal. According to a Sept. 24 public filing, the SEC started proceedings to determine whether […]
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Multiple EU politicians are calling for a united European digital currency to counter Facebook’s stablecoin project Libra. The ripples of the Libra effect are beginning to lap against the shores of Europe, with French Finance Minister Bruno Le Maire suggesting that Europe should throw its hat into the ring and launch its own digital currency. […]
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Montreal-based digital asset custodian Knøx has secured $8.25 million in a seed round to roll out a crypto custody service for institutional customers and fiduciaries. Montreal-based digital asset custodian Knøx has secured $8.25 million in a seed round to support its crypto custody service for institutional customers and fiduciaries. The funding round was led by […]
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Cointelegraph presents ongoing updates from today’s U.S. House Financial Services Committee hearing with the SEC. Disclaimer: This report is being updated live from the Financial Services Committee floor. Check in for the latest on the hearing’s progress. In advance: As Cointelegraph reported on Sept. 20, the United States House of Representatives Financial Services Committee is […]
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Crypto exchange Bitfinex is relaunching its IEO platform with Kim Dotcom’s Bitcoin-integrated KIM token as the first offering. Cryptocurrency exchange Bitfinex has announced the relaunch of its Initial Exchange Offering (IEO) platform Tokinex as Bitfinex Token Sales and will offer the token of P2P digital content and monetization blockchain K.IM on October 22. The news […]
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