(Bloomberg) — Cryptocurrency holders know more about what the Internal Revenue Service expects to see on their tax returns, thanks to new guidance from the agency. The IRS released a ruling and a question-and-answer document Wednesday that tell virtual currency investors and their tax advisers how the agency expects them to report income from their…
Crypto Hard Forks
The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years – CoinDesk – Crypto Renegade
The U.S.Internal Revenue Service (IRS) has published its first guidance in five years for calculating taxes owed on cryptocurrency holdings. Industry members have been eagerly awaiting the update since May 2019, when IRS Commissioner Charles Rettig said the agency was working on providing fresh guidance.The agency’s 2014 guidance left many questions unanswered, and the crypto…
The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years
Oct 9, 2019 at 17:00 UTC Updated Oct 9, 2019 at 18:31 UTC news The U.S.Internal Revenue Service (IRS) has published its first guidance in five years for calculating taxes owed on cryptocurrency holdings. Industry members have been eagerly awaiting the update since May 2019 , when IRS Commissioner Charles Rettig said the agency was…
Pursuing Copyright Decentralization in Bitfinex IEO | Digital Coin News | Cryptocurrency and Blockchain News
Kim Dotcom’s K.IM: Pursuing Copyright Decentralization in Bitfinex IEO October 8, 2019 38 Views Kim Dotcom, the controversial internet entrepreneur and founder of the now-defunct file storage platform Megaupload, is making a comeback in the digital content business.This time, instead of a platform that allows users to download copyright songs and television series, Dotcom plans…
‘Scam’ or Iteration? At Devcon, Ethereum Diehards Still Believe in 2.0
Oct 8, 2019 at 20:00 UTC Updated Oct 9, 2019 at 02:15 UTC news The Takeaway: Ethereum’s creators now acknowledge the blockchain wasn’t built to scale as a mainstream transaction platform.A planned reboot meant to address some of those issues, known as Eth 2, is at least two years away.There is no plan for how…
What Will Happen To Bitcoin? Experts Give Their Long-Winded Opinions
Email Where will Bitcoin go? Will it continue to be strong or eventually lose its space in the market? Gizmodo, a popular tech site that is generally not very favorable of cryptos, recently spoke to several crypto experts in order to determine the future of the network. Sabrina T.Howell, assistant professor of finances at the…
What You Trade Can Make A World Of Tax Difference
There’s a bevy of financial products to trade with a wide assortment of tax treatment.Traders have access to U.S.and international equities, futures and other Section 1256 contracts, options, ETFs, ETNs, forex, precious metals, foreign futures, cryptocurrencies, and swap contracts.Broker-issued Form 1099-Bs might not provide the best available tax treatment, and in some cases, there are…
Crypto Investment Group Grayscale Releases Bitcoin Cash Primer
2019-10-04 Crypto investment firm Grayscale has just released “An Introduction to Bitcoin Cash” highlighting the basics of BCH for those who may be yet unfamiliar, or just wish to brush up on the popular token forked from Bitcoin Core on August 1, 2017.With a significant reputation in the industry, Grayscale’s release of the document marks…
CV Market Watch™: Weekly Crypto Trading Overview (September 27- October 4, 2019)
Bitcoin (BTC) bounced off the $7,800 lows and managed to keep above $8,000 in the past week, with a run-up to above $8,300.Still, there are indications of potentially subdued sentiment. Binance to Offer Native XRP on Binance Chain Bitcoin (BTC) traded at $8,186.56, after a brief Thursday crash under $8,300.BTC only briefly returned to lows…
Qtum prepares for version 2.0 in its first hard fork upgrade | CryptoSlate
Qtum prepares for version 2.0 in its first hard fork upgrade Ali Martinez · October 4, 2019 at 1:12 am UTC · 3 min read Share on Facebook Share on Twitter Share on Telegram Qtum is preparing for its first hard fork since its inception back in September 2017.The system upgrade is focused on the…