The like-kind exchange tax exemption has never been applicable to crypto, an IRS official said. The like-kind exchange tax exemption is not applicable to cryptocurrency transactions, according to the United States Internal Revenue Service (IRS). An official at the IRS Office said that U.S. taxpayers have never been authorized to postpone paying tax as part […]
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Iranian authorities are offering a bounty to anyone who exposes unauthorized mining operations in the country. Iranian authorities are offering a bounty to anyone who exposes unauthorized mining operations in the country, Iranian news outlet PressTV reports on Nov. 13. A spokesman of the Energy Ministry announced the bounty program during an interview with local […]
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Cryptocurrency exchange OKEx announced the launch of its Tether-margined Bitcoin futures contracts. Cryptocurrency exchange OKEx has launched Bitcoin (BTC) futures contracts that are margined with the Tether (USDT) stablecoin. OKEx announced the new offering in a press release on Nov. 14. OKEx first announced its intention to launch USDT-settled futures trading with up to 100x […]
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A slow losing streak continues to impact markets as Bitcoin shows little sign of bullish potential, still failing to overcome $9,000 resistance. Bitcoin (BTC) fell below $8,600 on Nov. 14 as its slow grind downwards continues to see new lows haunt markets. Cryptocurrency market daily overview. Source: Coin360 Bitcoin trends downwards at $8.6K Data from […]
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American entrepreneur John McAfee has launched a polemical meme cryptocurrency dubbed “WHACKD,” marketed with the rubric “Epstein Didn’t Kill Himself.” American entrepreneur and vocal crypto advocate John McAfee has launched a polemical meme cryptocurrency dubbed “WHACKD.” The token’s full rubric — “Epstein Didn’t Kill Himself” — was revealed in McAfee’s Nov. 11 Twitter announcement on […]
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The latest in a series of seemingly arbitrary shutdowns leaves over 100,000 models having to find an alternative payment method. Bitcoin (BTC) is being championed as the solution to a new payment crisis affecting the adult entertainment website Pornhub. In a blog post on Nov. 14, Pornhub revealed that payment processor PayPal had abruptly stopped […]
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Crypto.com has launched its cryptocurrency exchange enabling over one million users to trade digital assets while offering staking capabilities via CRO token. Hong Kong-based cryptocurrency platform, Crypto.com, announced the launch of its cryptocurrency exchange on Nov. 14. The Crypto.com Exchange is intended to drive the mass adoption of cryptocurrencies by enabling over one million users […]
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Switzerland’s main stock exchange SIX has listed a Tezos-based exchange-traded product that enables investors to generate passive income. Switzerland’s main stock exchange SIX has listed a Tezos-based exchange-traded product (ETP) that enables investors to generate passive income. Traded under the symbol AXTZ, the product is issued by fintech Amun AG in partnership with the Tezos […]
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Singaporeans can already pay for cab rides with crypto. Speaking on stage at BlockShow 2019 in Singapore today, Alchemy Global Payment Solutions (Alchemy GPS) co-founder Patrick Ngan discussed some details of how his company is making it easier to pay for everyday goods and services with cryptocurrency. Ngan emphasized the power of choice to make […]
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United Kingdom-based travel company now allows customers to pay with cryptocurrencies to book a flight. Alternative Airlines, a travel company based in the United Kingdom, has partnered with cryptocurrency service Utrust to facilitate payments with crypto. On Nov. 13, the Swiss-based digital payments processor Utrust announced a new partnership with its first merchant in the […]
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