Many cryptocurrency enthusiasts and analysts have suggested that Bitcoin is digital gold. That’s a pretty heady comparison, but does it really pan out? After all, gold has a track record dating back thousands of years, while Bitcoin has only been around for a decade. But recent price movements suggest that, yes, Bitcoin may be considered, […]
Recent reports have indicated that a number of cryptocurrency holders have received letters from the IRS informing them that they may owe taxes on their cryptocurrency holdings. According to copies of the letter, the IRS is telling people that the agency has: “…information that you have or had one or more accounts containing virtual currency […]
The hubbub surrounding Facebook’s new Libra cryptocurrency project hasn’t been terribly surprising. Any time a company that large undertakes a project of that magnitude, it’s bound to make waves. But surprisingly, it’s China that seems to be taking the most interest in Libra, not the US. China was the top country searching for information on […]
Ransomware is increasingly becoming a problem to cities and municipalities around the country. The ransomware attack that hit Baltimore earlier this year is perhaps the most famous one, as it brought the entire city government to its knees. The hackers took down the city’s computer systems and demanded a ransom of 13 bitcoins in order […]
According to a recently leaked presentation, the Internal Revenue Service (IRS) is looking to force big tech firms to provide them with information on user cryptocurrency activity. IRS is allegedly looking into contacting firms such as Google, Apple, and Microsoft and looking for information about user downloads of cryptocurrency applications, particularly with regard to use […]
If it weren’t bad enough that crypto mining malware was targeting computers, new evidence has demonstrated that similar malware is now targeting Android smartphones. The software takes advantage of features within Android that are used to resolve defects in apps, and can replicate itself easily. While the malware is thus far centered in South Korea, […]
After months of planning and speculation, Facebook has finally announced its Libra cryptocurrency project. With a host of major corporations joining in the project, many mainstream analysts are hailing the new project as groundbreaking. But many in the cryptocurrency community are casting doubt on Facebook’s efforts. So will Libra end up being a world-changing currency […]
Bitcoin and other cryptocurrencies may have made great gains over the past few years, but just because they’re new technologies doesn’t mean that investors are exempt from paying taxes on their gains. However investors still lack certainty on many of the tax ramifications of various cryptocurrency transactions. Aside from a single document in 2014 stating […]
With the surge in Bitcoin’s popularity in late 2017 you would think that the whole world had heard about Bitcoin by now, but there are many people who still haven’t. Thankfully that number of people who haven’t heard of Bitcoin continues to decrease year by year. Overall the number of people who have heard of […]
When most people are asked what their biggest obstacle to investing in cryptocurrencies is, cybertheft is inevitably the top reason. No one fears their bank account or investment account being hacked by cybercriminals, but everyone fears their Bitcoin or other cryptocurrency investments being hacked by thieves. There’s good reason for that too, as cryptocurrency theft […]
