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How to Red Flag Scams: Bitcoin Doubler Club, Cryptomia247, Mining Cheap, Orelex, and Wintrust
11.2.2020
Last week’s news.Bitcoin.com post warning about common bitcoin scams like “The Bitcoin Code” elicited a plethora of comments and suggestions from readers, asking about and reporting other platforms and services claiming to provide bitcoin investment opportunities. This article...
Bitcoin Trust GBTC Shares Spike Despite 30% Premium
6.2.2020
Bitcoin and cryptocurrency prices have seen significant gains as the entire cryptoconomy is up more than 40% since mid-December. Grayscale’s Bitcoin Trust (GBTC) has also seen an uptick and shares have climbed 9% this week. The news follows the asset manager’s recent registration as...
Hong Kong Crypto Exchange Bitspark Shuts Down Amid Coronavirus Outbreak and Protests
5.2.2020
Crypto exchange service provider Bitspark is shutting down next month despite reporting exponential growth following the launch of its cash point product. The CEO of the company explained that its internal restructuring has not worked out but insisted that the ongoing protests in Hong Kong...
IRS Explains What Crypto Owners Must Know to File Taxes This Year
2.2.2020
Kicking off this year’s tax filing season, the U.S. Internal Revenue Service (IRS) has published important tips for crypto owners to properly file their tax returns. This is the first time a cryptocurrency question has been included in the tax form. The IRS expects more than 150 million...
Ripple Reports Selling Just $13M of XRP Last Quarter
24.1.2020
Ripple sold $13 million in XRP last quarter – down 75 percent from its Q3 sales of $66.24 million
Now Reporting to the SEC, Grayscale Bitcoin Trust One Step Closer to Public Trading
22.1.2020
Grayscale announces that its Bitcoin Trust will begin filing quarterly reports with the SEC
Grayscale’s Bitcoin Trust Is Now Open to More Investors as SEC Reporting Company
21.1.2020
The trust’s shares are now registered under the Exchange Act of 1934, making the Grayscale Bitcoin Trust the first cryptocurrency investment vehicle to become a reporting company
London-Listed Argo Blockchain Reports 10-Fold Increase in Bitcoin Mining Revenue in 2019
20.1.2020
For its first full year of operations, Argo says it generated just over $11 million in revenue
Crypto Tax Reporting Failures Can Be Expensive, Even Criminal
8.1.2020
Be careful with cryptocurrency taxes because mistakes — even accidental ones — might cost you
Tax Compliance Firm TaxBit Raises $5M to Improve Crypto Tax Reporting
6.1.2020
TaxBit, a crypto-oriented tax compliance firm, has raised $5 million in a seed round that saw participation from Winklevoss Capital
Gemini, State Street Launch Cryptocurrency Reporting Pilot
17.12.2019
Gemini cryptocurrency exchange and State Street have jointly launched a pilot producing reports on a user cryptocurrency holdings
State Street Teams up With Winklevoss-Founded Gemini Exchange for Digital Assets Trial
17.12.2019
Boston-based State Street Corp. is partnering with cryptocurrency exchange and custodian Gemini Trust on a new trial that examines reporting scenarios for digital assets
European AML Directive Pushes Crypto Startup Bottle Pay Out of Business
15.12.2019
Bottle Pay, a cryptocurrency payments provider from the U.K., has announced its decision to cease operations by the end of the year. Despite attracting some serious funding and expanding its user base significantly in the past few months, the company has found it unacceptable to continue to work...
Missouri Firm Launches New Software For Reporting Crypto Taxes
26.11.2019
Missouri-based software maker CryptoTrader.Tax has launched new software to help tax professionals work with crypto tax reporting
IRS Laughs Off Coinbase User's 'Surveillance Conspiracy' in Tax Reporting Case
20.11.2019
IRS reaffirms that its summons on crypto trading platform Coinbase in an income tax investigation is legitimate
Grayscale’s Bitcoin Trust Seeks SEC Reporting Company Status
19.11.2019
Grayscale Investments has filed to register its bitcoin trust as an SEC reporting company, potentially the first crypto vehicle to attain such status
Only Reporting Part of Your Crypto Addresses? The IRS Needs to Know
26.9.2019
The US Internal Revenue Service (IRS) might be tracking your crypto addresses
‘Not an Audit’: IRS Notice Could Spell Trouble for Crypto Traders
26.8.2019
The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency....
10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS
27.7.2019
On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August....
Node40 Executive Explains What to Expect When the IRS Issues Its New Crypto Policy
27.6.2019
Last May, the U.S. Internal Revenue Service (IRS) revealed it would be issuing new tax guidance and rules about the tax treatment of digital assets and forks. IRS Commissioner Charles Rettig told congressional leaders that the agency has made it a priority to issue crypto-related tax guidance. This...