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Despite its price volatility, we explore some of the reasons why Bitcoins are utilised as investment portfolio protection.
Coinbase unfreezes Ross Ulbricht legal defense wallet
Cryptocurrencies, although already having made a strong presence years back since its inception, are making even more rounds in the news the past few weeks.
The US Congress recently requested additional guidance from the Internal Revenue Service (IRS) on the tax regulations of cryptocurrencies such as Bitcoin.
Crypto earnings reporting is about to get simpler in the US thanks to a dedicated tool which should automatically calculate gains.
The ongoing spat between Coinbase and US tax authorities has revealed only 800 declarations of Bitcoin earnings by users annually.
The IRS is now faced with a class-action lawsuit that can stop its move to access Bitcoin users’ info on Coinbase.
Expert wants Bitcoin encrypted for investors in AML/KYC startups to lose their investments.
In a precedent-setting victory for the United States tax authorities, a California federal court has ruled in favor of the IRS serving Coinbase Inc. with a “John Doe” summons.
Perry Woodin, CEO of Dash masternode provider Node40,on how tax evasion issues could affect any exchange operating in the US, following IRS taking on Coinbase.
Using Coinbase may be convenient, but there is a price to pay for centralizing your information. The price is surveillance.
Owner of Bitcoin.com Roger Ver on the US government’s renewed commitment to tax Bitcoin transactions.
The US Treasury Inspector General for Tax Administration requested the IRS to provide guidance for tax treatments of digital currencies.
The IRS may introduce changes to virtual currencies use and taxation as we know it.
The election of the Democratic Party’s candidate Hillary Clinton could potentially pressurise the US federal government’s Internal Revenue Service to audit journalists and freeze their assets.
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