The U.S. IRS has prioritized issuing tax guidance on cryptocurrencies in response to a request from 21 representatives.
Cryptocurrencies News
The definition of a cryptocurrency is a digital currency built with cryptographic protocols that make transactions secure and difficult to fake. The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of blockchain makes cryptocurrency theoretically immune to the old ways of government control and interference. Cryptocurrencies make it easier to conduct any transactions, for transfers are simplified through use of public and private keys for security and privacy purposes. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions.
However, the latest news on cryptocurrencies indicates that because cryptocurrencies are devoid of a central repository, a digital cryptocurrency balance can be wiped out by a computer crash, a hack, and other unexpected events.
- News
- News
by Helen Partz
Nikolai Arefiev, a senior official in the Russian State Duma, argued that cryptos were created to hide money from the government.
- News
Ripple’s CEO has argued that the biggest banks have a strong reason to embrace crypto and blockchain innovation.
- News
by Thomas Simms
The CEO of the blockchain bourse, Alexander Wallin, hopes SprinkleXchange will list as many as 1,000 companies in the next four years.
- News
Most of the top 20 cryptocurrencies are reporting moderate losses on the day as bitcoin has fallen below the $7.900 mark again.
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Dutch bank ABN AMRO abandoned its plans to launch a custodial bitcoin wallet dubbed “Wallie” because of risk concerns.
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Centralized crypto exchanges saw a major uptick in traded volume this April, with a solid 85% overall increase among top fiat-to-crypto platforms.
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by Thomas Simms
In a tweet, Tom Lee shared 13 signs that the crypto winter is over — suggesting that industry growth may be here to stay.
- Analysis
Global Conglomerate Believes Insured Custody Services to Be the ‘Key’ to Cryptocurrency Institutional Investment Growth.
- News
JPMorgan strategists claim that bitcoin’s recent rally has reproduced a pattern from its historic 2017 performance.
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Kik CEO Ted Livingston reportedly said that the company spent over $5 million on negotiations with the U.S. SEC.
- News
Most of the top 20 cryptocurrencies are reporting moderate to notable gains on the day as bitcoin approaches $8,000 again.
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Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin USD Coin.
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A private digital currency provider says peer-to-peer technology ensures every user’s account is kept “out of reach to any prying eyes.”
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