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Currency War Erupts as US and China Bring Out the Big Guns

What started out as a trade dispute between the world’s two largest economies is now a full-blown currency war as the U.S. and China bring their big guns to the battlefield. The impact on the global financial markets was immediate and severe, driving up safe-haven assets as ordinary people fear losi..

Tax Expert: IRS Letters Confirm That Trading Cryptos Is a Taxable Event

The U.S. Internal Revenue Service (IRS) announced on July 26 that 10,000 American cryptocurrency users will receive a letter reminding them to pay taxes or amend any mistakes on past filings. At the time, IRS Commissioner Charles Rettig said U.S. taxpayers should take the warning letters “very serio..

Large Regulated Token Sales Indicate ICOs May Be Coming Back

Initial coin offerings have seen a significant decline in popularity, but they are not to be written off completely. Although you don’t hear the term “ICO” so often nowadays, some recent regulatory developments indicate they have a place in the digital economy realm. Crowdfunding through token sales..

Abra Wallet Announces Restrictions for U.S. Customers

Abra, a top-of-the-line cryptocurrency wallet, will be taking steps to restrict Americans from accessing the entirety of its services. Abra published an update to its platform, which revealed that it will only be offering a limited service package to American users. According to the update, U.S use..

Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize the surplus t..

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