Bitcoin Cryptocurrency News

The Taxman Is After Your Bitcoin: Harvest Your Losses Before It’s Too Late

The year is coming to an end, and a lot of people have started thinking about minimizing their tax burden. If you’re a bitcoin investor, things get even more complex. The IRS recently sent out 10,000 letters to cryptocurrency investors, and this is an indication of how serious they are when it comes to cryptocurrency Read more…

Altcoin Cryptocurrency News

VeChain Loses 1M Coins from Compromised Buyback Wallet 

The VeChain (VET) buyback program, which boosted the token price, was shaken by a recently discovered loss from the central wallet. The most probable cause was an insider gaining access to the wallet’s private keys, or a human error leading to an exploit. Insider Procedure Flaws Led to Theft VeChain reported 1 million coins lost Read more…

Bitcoin Cryptocurrency News

Bitcoin: 220,000 BTC Bought in November 2017 Hasn’t Moved

New research has indicated that over half of bitcoin’s circulating supply has not moved in over a year. This narrative suggests that the store of wealth notion is still strong and short term speculation may not be the dominant force on BTC markets. Almost 60% of Bitcoin Unmoved Research by industry analysts Delphi Digital suggests Read more…

Bitcoin Cryptocurrency News

Bitcoin and Gift Cards Are Powering a Million Dollar Remittance Market in Africa

It was my junior year of college when I had my formal introduction to Bitcoin. On that bright but brisk autumn day in 2015, my buddies and I ventured into the lone drug store in the parish-pump, truckstop town that accompanied my woodland-tucked university.  Being one of the only convenience stores in town, most students Read more…

Bitcoin Cryptocurrency News

Korean Government to Tax Crypto Capital Gains from 2020

The Korean government is preparing legal tools to tax capital gains from the sale of crypto assets. Specialized legislation to target digital asset deals is expected to arrive from the tax season for 2020. Korean Authorities Hope to Tax Crypto Capital Gains Until recently, Korea was one of the most active markets for crypto speculation. Read more…