The recent rebound in Bitcoin prices coincided with a 180-degree policy shift by three of the world’s most influential central banks. Under pressure from the political arena, the Federal Reserve went from touting a hawkish position to quickly abandoning plans for additional rate hikes and also suggesting that we might enter a period of prolonged…
Details
After months of being stuck in a bearish rut, Bitcoin has finally bounced back up this week, and in a major way. Following numerous dips and an apparent bottom at around the $3,500 level, the world’s primary cryptocurrency reversed course in February and has risen since then, breaching the $5,000 level on April 3. Many…
Details
Emily Hunt is the Director of Byte Academy, an international FinTech education company. We talk with her about the promise that she saw early on in blockchain tech and why Byte Academy launched one of the first blockchain coding bootcamps. BitIRA: How did Byte Academy come about, and how has its mission evolved or…
Details
Crypto Custody Is Booming Many large financial institutions are entering the crypto custody space as Fidelity rolled out its Fidelity Digital Asset Services this Q1. In addition, IBM announced that its cloud platform will be used to develop a crypto custody solution using a hardware security module (HSM). Ledger, a popular hardware wallet manufacturer, also…
Details
Apple’s ceaseless expansion has been making news recently. Despite declining iPhone sales, the tech giant shows no sign of slowing down as it prepares to launch a suite of new products. To cryptocurrency enthusiasts, the most interesting among those is likely the newly-revealed Apple Card. Although the card will resemble the bank-issued variety, the focus…
Details
Cryptocurrency security is an increasing concern in the industry. Some common ways that digital assets may be lost include when private keys are lost (or forgotten) and when digital currency exchanges are hacked. Custodians can help with the important task of safely storing cryptocurrency, along with other services. Some analysts suggest that crypto custody may…
Details
Image by FLYERDIARIES.COM / CC BY 2.0 / Cropped When it comes to freshly-minted altcoins, Coinbase’s approval clearly goes a long way. Last Wednesday, the major U.S.-based crypto exchange announced that it would be adding Stellar Lumens (XLM) to its list of available tokens, Bitcoinist reports. Although Coinbase greenlighted XLM right after the announcement, the…
Details
In this week’s interview, we talk to Adam Efrima, who is the Co-Founder of Blox, which specializes in crypto asset tracking and accounting software. Read the full interview below to find out why finance professionals shouldn’t “rely on outdated spreadsheets for labor-intensive manual [crypto] tracking”. BitIRA: What is your background, and how did you…
Details
Heading into tax season, many of our readers told us how confused they were about reporting crypto transactions on their tax returns. We heard you, and so we partnered with seven crypto tax specialists to answer your questions. We asked you to send us the income tax questions that concerned you (for the 2018 tax…
Details
The crypto custody sector is fast expanding. Until fairly recently, cryptocurrency storage options were binary: holders had to either store their coins and tokens on exchanges or on their own hardware wallet. Both choices left much to be desired for larger investors, which is why a number of high-profile companies are now offering to store…
Details
