In the first five years of Bitcoin’s existence, the IRS did not offer any guidance about how cryptocurrency would be taxed. In 2014, though, the bureau finally started to weigh in on the subject, starting with their declaration that cryptocurrency would be classified as a property for tax purposes, not as a currency. There are…
According to famed investor Ben Horowitz, the crypto space is attracting as much developer interest as the internet did in its early days, reports CryptoSlate. The founder of venture capital firm Andreessen Horowitz recently spoke about his view of cryptocurrencies and blockchain tech, as well as what enthusiasts can look forward to in the coming…
Matt Millen is a Founding Member of the Denver Crypto Group (DCG), a community of people in Colorado who want to learn about cryptocurrency and blockchain. DCG holds weekly meetups and provides training “in mining, trading, and other facets of the Cryptosphere”. Like many investors, Matt’s journey to the crypto space is a unique one, which…
A recent survey by investment firm SharesPost showed that, despite a string of negative crypto-related news items, investors and consumers remain optimistic on the market’s prospects, reports Bitcoinist. The September 5 survey, titled Cryptocurrency and Blockchain Survey: Consumers Bullish, Investors Cautiously Optimistic, spoke to 2,490 consumers and 528 institutional investors about their views on where…
In this week’s interview, we talk to Dan Shields, a community organizer with Colorado Blockchain. The group provides a forum for blockchain professionals, investors, and enthusiasts in the state to get together with the goal of making Colorado a hub for blockchain innovation. BitIRA: What is your background, and how did it bring you to…
The September edition of the Crypto Security Report is available for download (click image below). Stay informed about the latest security threats, government measures, and best practices to understand developments in the cryptocurrency space (and how to protect your own digital assets). This report is free and available for download below:
Earlier this week, IBM announced that it would be moving its Blockchain World Wire (BWW) payment system out of beta and making it available to clients, reports Cointelegraph. As per the post on IBM’s website, the system will aim to merge traditional methods of international money transfer with innovations provided by the blockchain network. IBM’s…
We are changing the format of our “Monthly News Roundup” posts to be more succinct and informative. Instead of listing the top news story for each day of the previous month, we will rather summarize the top five or so stories related to cryptocurrency. Here are the major events in crypto from August… As crypto…
According to one notable analyst, the reversal that Bitcoin enthusiasts have been waiting for could be approaching, and an overlooked correlation is signaling this trend. In an interview with CNBC, Tom Lee, Head of Research at Fundstrat Global Advisors, pointed out that Bitcoin and emerging markets (EMs) have moved in parallel since at least January…
Liechtenstein, a small yet prosperous nation between Austria and Switzerland, has wasted no time adopting cryptocurrencies while other countries continue searching for an ideal regulatory setting. The banking powerhouse previously announced that it would serve as home to Binance LCX, a partnership between two of the world’s largest crypto exchanges, Binance and Liechtenstein Cryptoassets Exchange.…
