New York Attorney General Eric Schneiderman has launched an inquiry into the business practices of 13 cryptocurrency exchanges. His office has sent letters to those exchanges to request, among other things, disclosures related to their operations, use of bots, conflicts of interest, and other issues. The companies targeted by the Attorney General include Coinbase, Gemini […]
Today is tax day, the deadline for all Americans to file their tax returns. And recent chatter about cryptocurrencies has been full of mentions about paying taxes on cryptocurrencies. For the first time, people are beginning to think seriously about whether or not they owe taxes on their cryptocurrency holdings. A recent post at CoinDesk […]
Many recent news reports have bemoaned the fact that Bitcoin has lost so much value this year. Never mind that Bitcoin traditionally hasn’t done well in the first part of the year, instead gaining value as the year progresses. Pundits focused on short-term performance looked at Bitcoin’s price teetering into the $6000s and saw only […]
With tax day rapidly approaching, many Bitcoin owners may be a little nervous this year. While IRS hasn’t taken a tough stance towards Bitcoin holders’ tax liabilities in the past, this year may be different. The tax agency has put together a task force to identify owners of Bitcoin and other cryptocurrencies who may owe […]
The new Japanese cryptocurrency self-regulatory organization (SRO) has just released some data about the size of the Japanese cryptocurrency market, and the numbers are staggering. According to the Japanese Cryptocurrency Business Association, there are 3.5 million active cryptocurrency investors and traders in Japan. While that may not sound like a huge number, it is enough […]
In a move that is perhaps long overdue, Coinbase has finally announced that it will begin to allow its customers to withdraw their funds from Bitcoin forks in the coming months. That had been a major source of contention for Coinbase’s Bitcoin customers, who should have been able to gain access to their new cryptocurrencies […]
In another cryptocurrency crackdown, Google has announced that it has banned cryptocurrency mining browser extensions from its Chrome store. Unlike controversial recent bans on cryptocurrency marketing and advertising, however, this latest ban appears to be without any doubt a very beneficial step for consumers. While Google had been putting off a decision on cryptocurrency mining […]
Chinese cryptocurrency exchange Huobi has registered with the Financial Crimes Enforcement Network (FINCEN) ahead of the launch of its US trading operations. Earlier this year, Huobi opened its first office in the United States in San Francisco, part of its planned entrance into the US market. The US-based Huobi operations are expected to operate initially […]
According to a recent survey, about 8 percent of Americans have purchased some sort of cryptocurrency. Of those who haven’t purchased cryptocurrencies, almost 8 percent of them reported that they plan to do so in the future. As one would expect from a high-technology product, men are nearly three times as likely as women to […]
In a recent letter to the Securities and Exchange Commission (SEC), exchange operator CBOE has urged the Commission not to interfere with the development of a Bitcoin exchange-traded fund (ETF). CBOE was one of the two exchanges, along with CME, to first introduce Bitcoin futures contracts, which started trading last December. There has been much […]
