Just over a week ago we saw the first public notice of Spectre and Meltdown, two vulnerabilities that expose just about every computer, smartphone, and tablet to malicious hacking. Billions of devices are at risk of hacking, and patches, while necessary, will slow down devices since the flaws occur at the very basic levels of […]
Interest in cryptocurrencies has grown so strong in recent weeks that cryptocurrency exchanges are struggling to keep up with consumer demand. Exchanges such as Coinbase, Bitfinex, and Binance announced that they were seeing 100,000+ users per day trying to sign up for their services, with Binance seeing 250,000 users sign up in a single day. […]
Austrian central bank head Ewald Nowotny recently called for taxation and regulation of Bitcoin transactions. Nowotny, a member of the European Central Bank’s (ECB) governing council, stated that everyone who engages in financial transactions should be identified and pay a value-added tax (VAT). That obviously puts him at odds with Bitcoin’s quasi-anonymous nature. Nowotny’s statement […]
One of the perennial knocks against Bitcoin has been its price volatility. Compared to other financial assets, Bitcoin is incredibly volatile, with intraday price swings often exceeding the percentages that would stop trading on major financial exchanges. There are a few reasons for that, one of them being that Bitcoin markets are still relatively new, […]
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The recent tax reform bill brought many welcome changes to taxpayers and should benefit most people through lowering their tax bills. But for cryptocurrency traders and investors there was one change that the tax bill made that could see them liable to pay taxes that they up to now have been avoiding. The tax reform […]
Prices of cryptocurrencies have fluctuated wildly in the days before Christmas. Bitcoin hit an all-time high of nearly $20,000 earlier this week before falling at one point on Friday to below $11,000. At the time of writing, Bitcoin was trading at around $13,500. Bitcoin wasn’t the only cryptocurrency to be hit on Friday, as most […]
Statement on Cryptocurrencies and Initial Coin Offerings By SEC Chairman Jay Clayton Dec. 11, 2017 The world’s social media platforms and financial markets are abuzz about cryptocurrencies and “initial coin offerings” (ICOs). There are tales of fortunes made and dreamed to be made. We are hearing the familiar refrain, “this time is different.” The cryptocurrency […]
