IRS Playing Fair With Transparent Crypto Tax Filings

Contrary to its portrayed draconian stance on crypto taxes, the US Internal Revenue Service is playing fair. Exercising transparency in reporting numbers is the key, and may save crypto traders thousands in tax bills. IRS Appreciates Detailed Crypto Transaction and Trading History A detailed history of crypto transactions and sales may significantly reduce the outstanding …

Canadian Crypto Awareness and Ownership Increasing

A lengthy survey into the awareness and usage of Bitcoin and crypto assets by Canada’s central bank has revealed impressive growth despite the recent bear market. The research also offers good insights as to what Canadian’s think of the crypto industry and what the future may hold for a cashless society. Crypto Growth in Canada …

Users Can Now Buy Bitcoin on DropBit Using Apple Pay or Google Pay

On November 5, 2019, Bitcoin-focused product hub Coin Ninja announced that, through a collaboration with cryptocurrency payments company Wyre, users can now buy bitcoin directly on the DropBit app with Apple Pay and Google Pay. Coin Ninja calls DropBit its “Venmo for bitcoin,” a bitcoin wallet and payment service particularly designed to help Bitcoiners send …

Bitcoin Price Hits $11.6K on Argentinian Crypto Exchange

Argentina’s government is imposing stricter measures to prevent access to foreign exchange reserves. As a result, Bitcoin price on one of the country’s local exchanges is currently trading at a 25 percent premium. Trading Jobs Cut Boosts Bitcoin Price Shifting politics, economic uncertainty, and stricter forex controls have led Argentine banks to eliminate trading desk …

Bitcoin Price Holds Above $9k, Week’s Other News

The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46.9bn in 2019, compared to Apple’s $21.6bn in the same period. But one imagines that return on investment will still pale into insignificance compared to …

BitMEX Compromises User Data in Email Gaffe

Early in the day on November 1, 2019, cryptocurrency exchange BitMEX sent a mass email to a large swath of its user base and included their email addresses in the “To” field, thereby compromising their privacy. A screenshot of the email shared on Twitter showed dozens of email addresses visible in an email from BitMEX. …