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Bitcoin and Tax

Bitcoin and Tax

Bitcoin may have a supposed anonymity but not to the tax official. From April, anyone who bought and then sold cryptocurrencies like Bitcoin must report any profits on their respective federal tax returns. This is a valid demand since the value of B..

Crypto Crackdown Grows as South Koreans Officials Accused of Insider Trading

Crypto Crackdown Grows as South Koreans Officials Accused of Insider Trading

Several officials rom South Korea’s Financial Supervisory Service or the FSS has reportedly been accused of insider trading prior to the government announcing its newest policy on cryptocurrency crackdown, reported by JoongAng Ilbo."There..

International Stocks Up, Dollar Rebounds

International Stocks Up, Dollar Rebounds

International equity indexes went north on January 16, all set for wide gains. The European shares lighted up the way, taking their direction from positive trading trends in Asia-Pacific region. The US dollar also bounced up from its three year low ..

Crypto Created as a Joke Breaks $2 Billion Market Cap

Crypto Created as a Joke Breaks $2 Billion Market Cap

Dogecoin, a cryptocurrency created as a joke after an internet meme, surpassed a market cap of over $2 billion on Sunday. The parody cryptocurrency has shown impressive movement since the end of November.In late November, prices were for Dogecoin we..

Second Major Cryptocurrency Ripple May have Made a Premature Leap

Second Major Cryptocurrency Ripple May have Made a Premature Leap

The digital currency wave seems to have pushed ahead of its cryptocurrency opponents, primarily because it is associated with key institutions, and hence has a stamp of practicality and legitimacy.But cryptocurrency enthusiasts claim that centraliza..

The Cryptocurrency Market Plunge More Than 25%

The Cryptocurrency Market Plunge More Than 25%

According to data from Coinmarketcap, the cryptocurrency market capitalization tumbled nearly over 123 billion on Friday as most of the plunged more than 30 percent.According to Coindesk, Bitcoin, the largest cryptocurrency by market capitalization,..

Bitcoin Futures Listed On Two Reputed Exchanges, Cryptocurrency May Become Immensely Popular Now

Bitcoin Futures Listed On Two Reputed Exchanges, Cryptocurrency May Become Immensely Popular Now

It seems like Thomas Peterffy, chairman of Interactive Brokers, is finally overcoming his suspicions related to the viability of bitcoin, the newest finance tool that is gaining immense popularity.Peterffy was recently reported saying that the listi..