Cashing Out Bitcoin: What To Know About Tax And The IRS

If you’ve sold some Bitcoin, it is important that you know Uncle Sam wants his share too. Back in 2014, the IRS issued Notice 2014-21 stating the government’s position on what they call “virtual currencies.” It stated that such assets are considered property rather than currency. Under the rules for sales of property such as stocks,… Please follow and like us:

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Bitcoin Exchanges Struggle To Work With Wary Banks

Cryptocurrency exchanges around the world are under an unprecedented amount of pressure. Meanwhile, Quartz reported Indian banks are delaying routine processes for local exchange platforms such as Koinex for several weeks. “A tussle between our payment service partner and their bank has caused an indefinite delay in the settlement of a large portion of deposits to… Please follow and like us:

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IOTA Cryptocurrency Predictions For 2018

Over the past two months IOTA tokens suddenly became one of the most-talked about cryptocurrencies of 2017. CoinMarketCap estimates IOTA now has a market cap of more than $10 billion, which outranks more popular tokens such as monero, zcash and Neo in terms of global transactions and speculative value. Robert Bosch Venture Capital recently became the… Please follow and like us:

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Coinbase Down: As Bitcoin Price Falls, Exchange Temporarily Halts Buying, Selling

Friday’s sudden plummeting of bitcoin prices has people asking if the cryptocurrency bubble is popping and now a major player in the space is temporarily halting all buying and selling on its exchange. Coinbase announced the news on its site Friday morning. “All buys and sells have been temporarily disabled. We are working on a fix… Please follow and like us:

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Bitcoin’s price is skyrocketing. Even Uber drivers and house cleaners want in.

Keith Ellison’s first hint that bitcoin was poised for a breakthrough was over the summer when a friend planning her nuptials sent an unusual text. “She wanted to know whether to accept the wedding band’s offer of a discount in exchange for bitcoin,” said Ellison, a Manhattan Beach, Calif., investment analyst, who advised the friend to… Please follow and like us:

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Could Bitcoin Be Worth $1 Million By 2027?

This year has been a big one for digital currencies, with the total market cap for bitcoin and altcoins jumping 20 times in price in 2018 — from $18 billion in January to over $111 billion in June to $360 billion in December. This huge market cap jump drew the attention of mainstream media to cryptocurrencies.… Please follow and like us:

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Why Bitcoin’s Price Will Be Valued At $150,000 By The End Of 2018

Within my daily social life, I often ask people if they know about Bitcoin. For the last few years, most of the responses I received were either “No,” or “Isn’t that what people use for illegal activities?” But towards the end of this year, something changed. People started asking me, “How do I buy it?” and… Please follow and like us:

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Net Neutrality And Bitcoin: Ending One Could Spell Doom For The Other

Ajit Pai, the chairman of the Federal Communications Commission (FCC), has all but hit the last nail in the coffin for net neutrality. In just a few more weeks, the body is expected to vote so that net neutrality protections could be eliminated. This has spurred discussions online and offline on the effect the elimination would… Please follow and like us:

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Crypto Hedge Funds Bring More Diversity To Fintech

Traditional hedge funds have a huge diversity problem. According to a recent study by the Bella Research Group and the John S. and James L. Knight Foundation, women own just 4.3 percent of American hedge funds while minorities own around 8 percent. Combined, the study estimated these two categories control less than 1 percent of the… Please follow and like us:

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SEC Rejects Bitcoin ETF, Creating Bitcoin Buying Opportunity

Doom and gloom has descended on the Bitcoin community in the wake of the SEC’s decision to REJECT the Winklevoss Bitcoin Trust ETF. As I and so many others have written, this rejection is no surprise, and it’s approval was in no way crucial to the success of the Bitcoin experiment. The odds were stacked against… Please follow and like us:

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