The United States Internal Revenue Service (IRS) commissions blockchain analysis services and can investigate crypto reports. Just a few months ago in July 2019, the United States Internal Revenue Service (IRS) sent approximately 10,000 letters to cryptocurrency holders regarding their crypto holdings. The letters detailed that recipients may not have reported their transactions properly, or […]
Continue Reading
Director at Swiss crypto bank Sygnum and former CEO of the largest Swiss bank UBS sees an opportunity to tap the $220 billion cryptocurrency market. Peter Wuffli, the former CEO of Switzerland’s largest bank UBS and director at Swiss crypto bank Sygnum, wants to tap the “$220 billion market of institutions and private individuals who […]
Continue Reading
The CEO and founder of Canadian social media and messaging app Kik has vowed to fight U.S. regulators over the future of the native Kin cryptocurrency “no matter how hard it is.” The CEO and founder of Canadian social media and messaging app Kik has vowed to fight U.S. regulators over the future of the […]
Continue Reading
Bitcoin price stabilizes after heavy losses, but opinion is split about how healthy the market really is. Bitcoin (BTC) lingered around $8,400 on Sept. 26 as relative stability returned to markets after their tumultuous fall earlier in the week. Cryptocurrency market daily overview. Source: Coin360 Bitcoin price ponders resistance at $8.5K Data from Coin360 showed […]
Continue Reading
Stellar Lumens (XLM) trading will now be available to Coinbase users in New York state for the first time. Major United States-based cryptocurrency exchange Coinbase that it made Stellar’s Lumens (XLM) trading available also to those users who reside in New York. The exchange made the announcement in a tweet sent by its official Twitter […]
Continue Reading
The Facebook CEO appeared very keen to address criticism of Libra in advance, in stark contrast to the company’s previous style. Facebook is taking a much more careful approach to Libra than its previous projects, CEO Mark Zuckerberg has confirmed. Zuckerberg on Libra: Talking first, rollout second Speaking in an interview with Asia-based news outlet […]
Continue Reading
Binance’s decision to re-enter the Chinese crypto market seems to make a lot of sense to many experts operating within this space. In what is being considered a major step forward for Binance, CEO Changpeng Zhao (aka CZ) recently announced that his firm was all set to make its first strategic investment in China since […]
Continue Reading
Is the current fall the start of a new bear market or is this a bear trap? Let’s analyze the charts. The total cryptocurrency market capitalization had repeatedly taken support close to the $250 billion mark since mid-July of this year. However, the recent collapse in crypto markets led by Bitcoin (BTC) has broken the […]
Continue Reading
A hearing with U.S. House Committee and the SEC on Tuesday made clear that everybody wants a crypto regulation program but nobody wants to act first. Yesterday, Sept. 24, Cointelegraph reported from the United States House Financial Services hearing with the chairman and four commissioners of the Securities and Exchange Commission (SEC). The hearing was […]
Continue Reading
Brazilian financial regulators have banned a forex firm that was also offering Bitcoin options. The Brazilian Securities Commission (CVM) has banned a forex broker offering Bitcoin (BTC) options, Cointelegraph Brasil reported on Sept. 25. On Sept. 25, CVM published a public warning of irregular action concerning XM Global Limited through the Superintendent of Market and […]
Continue Reading