United States: IRS Issues New Guidance On Cryptocurrencies For The First Time In Four Years
0On October 9, 2019, IRS released Revenue Ruling 2019-24, 2019-44 IRB 1,1 which provides new guidance on the Service’s handling of cryptocurrencies and is the…More
Venezuela to Pay Taxes and Financial Services Through Petro Cryptocurrency
0Amidst the crumbling economy and ever-growing inflation, the Maduro government in Venezuela has been trying to hold control. As part of the economic revival plan,…More
Stripe CEO Patrick Collison ‘very skeptical’ about cryptocurrencies
0Patrick Collison, co-founder and CEO of payment processing firm Stripe, is not sure if cryptocurrencies have a future. Patrick Collison, co-founder and CEO of payment…More
Bitcoin, Cryptocurrencies dragged by sellers
0Bitcoin (-0.63%) and the rest of the cryptocurrencies’ rally attempt keep being frustrated by heavy seles. After their round trip, most of the currencies ended…More
Bitcoin is not real, and any purchase amounts to speculation, says ECB’s ex-chief as he pours cold water on cryptocurrency
0The European Central Bank’s former president Jean-Claude Trichet said he is doubtful that cryptocurrencies can ever become the future of money, becoming the latest monetary…More
Ripple CEO: Only 1% of Today’s Cryptocurrencies Will Survive
0As many as 99% of all cryptocurrencies will likely go to zero, according to a new prediction by Ripple CEO Brad Garlinghouse. There are too…More
Only 1 Crypto Fund Has Passed Hong Kong’s SFC Regulatory Hurdles in First Year
0A year after the Hong Kong Securities and Futures Commission (SFC) published initial regulations for funds investing in crypto, only one firm has successfully passed…More
China Backtracks Stance on Cryptocurrency Mining After New Guidance Document
0The National Development and Reform Commission of China appears to had a change of heart on cryptocurrency mining. In the 2019 version of the Industrial…More
