Top 5 Common Misconceptions About Bitcoin

admin

MrTopStep Stream 0 75% of US adults have heard about Bitcoin.But their information doesn’t always come from reliable sources.Whether they believe it’s magic internet money or a vehicle for drug lords and pedophiles, here are the 5 biggest Bitcoin misconceptions around.The Most Common Bitcoin Misconceptions 1.Bitcoin Is Anonymous It’s not surprising that one of the…

This Week in Crypto: Bitcoin Narrative Strengthens Amid PayPal Debacle, Ethereum Istanbul Nears, Bakkt Swells – Live Coin Watch – Bitcoin & Cryptocurrency News

admin

This Week In Crypto is a weekly segment from the Live Coin Watch News team, providing readers with a fun, succinct, and pertinent summary of the most important Bitcoin -related events in the past seven days.This Week in Crypto: RBC May Launch Crypto Asset Exchange: Reported by The Logic, a Canadian innovation-centric news outlet, Royal…

You Might Owe Cryptocurrency-Related Taxes

admin

By Peter S.Vogel & Chelsea HilliardNov 20, 2019 10:13 AM PT Got your attention? We thought so. In a recently published Notice, the Internal Revenue Service seems to be offering some cautionary advice about the legal risks associated with using cryptocurrencies to avoid capital gains taxes. Likely displeased by the volume of folks who have…

Bitcoin ATMs catch the attention of the IRS

admin

The IRS has turned its gaze towards bitcoin ATMs and their potential for illegality.But is it justified? Image: Unsplash The United States Inland Revenue Service (IRS) has been slowly turning its gaze towards crypto.First, it issued guidance on crypto tax liabilities–that some described as “absurd–now, its sights are set on Bitcoin ATMs. Bitcoin telling machines…

Subscribe US Now