News The United States Securities and Exchange Commission (SEC) has frozen the assets of Meta 1 Coin, an alleged crypto scam backed by a former state senator that promised investors returns of up to 224,923% without ever having any actual tokens. Per a March 20 announcement from the SEC, the regu..
After bitcoin prices dropped below the $5K region on Monday morning, gold also slid significantly. It saw a small spike in value after the Federal Reserve announced slashing the benchmark rate by 100 bps, but gold prices subsequently dropped below $1,500 per ounce hours later. The current sentiment ..
News Investors looking to short Bitcoin (BTC) have a new option in Germany. On Feb. 25, Boerse Stuttgart — the country’s second-largest stock exchange — announced the listing of an exchange-traded product (ETP) that is inversely correlated to the cryptocurrency’s price swings. Hedging against all ..
News Growing crypto adoption and the COVID-19 outbreak has encouraged Italy’s Banco Sella to launch a Bitcoin trading service The trading is conducted via the bank’s Hype platform, with the bank acting as an intermediary to mitigate against potential security risks with cryptocurrency exchanges. W..
Bitcoins worth $10 million dollars have been transferred to the cryptocurrency exchange Bitstamp from an unknown wallet address. Will BTC dump again? Just two days after Bitcoin’s biggest crash in over 10 months, falling from a value of around $7200 per BTC to under $5500 where it currently resides,..
News A United States federal district court has decided to allow a lawsuit alleging that Ripple’s XRP crypto asset is an unregistered security. Court documents filed on Feb. 26 reveal that Judge Phyllis Hamilton of the Court of the Northern District of California ruled to only partially grant Ripp..
News Facebook may be considering modifying its plan for the 2020 release of the cryptocurrency Libra. When the social media giant introduced Libra last year, it did so claiming the cryptocurrency would be a simple global currency with the power to transform the global economy. Regulators quickly ..
Over the past few days, Bitcoin has fallen off a proverbial cliff. Contrary to the sentiment of many investors, the cryptocurrency fell through support levels as if they were nothing more than a knife going through hot bricks of butter. At the drop’s worst on Wednesday, BTC was trading at $8,520 on..
The boxing world saw Tyson Fury regain his world heavyweight title from Deontay Wilder last night, in a convincing win for the Brit. But how did bitcoin and other cryptos perform this week? Bitcoin Price: Down, Up, Down, Up This week started badly for bitcoin prices. Having just fallen back below $1..
Tax Expert: IRS Crypto Question ‘Unconstitutional,’ Card Points, Flyer Miles Could Be Virtual Currency
While its well-known that the revised Schedule 1 form for U.S. taxpayers now contains a question about cryptocurrencies, what is lesser discussed are the legal ramifications this may have for filers who answer incorrectly. The vague nature of the yes or no inquiry has one tax expert doubting the con..