Author - Trevor Gerszt

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cryptocurrency tax

What It Will Take for Bitcoin to Ultimately Succeed

Bitcoin has the ability to shake up the world financial system, and everyone who has invested in it certainly hopes that it will succeed. But there is one step that, if it occurs, will guarantee Bitcoin’s ultimate success. That would be for Bitcoin to be accepted as payment for taxes. If that were to occur, […]

bitcoin china

China’s Bitcoin Crackdown: Is It All Over?

Not content to shut down domestic cryptocurrency exchanges and ban initial coin offerings (ICOs), the Chinese government has recently taken steps to block access from China to websites overseas that offer cryptocurrency trading or ICO investments. Many Chinese cryptocurrency companies moved their operations to Hong Kong or to various other countries offshore in the aftermath […]


US Senate Tackles Cryptocurrencies

The US Senate Banking Committee recently held a hearing entitled “Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission.” The hearing featured testimony from SEC Chairman Jay Clayton and CFTC Chairman Christopher Giancarlo. It’s interesting, and telling, that the Committee used the term virtual currencies […]


Bitcoin Losing Favor Among Criminals

Recent reports indicate that Bitcoin is losing favor among criminals. When Bitcoin was first created, it quickly became the currency of choice for transactions on Silk Road, a Dark Web marketplace where users could buy and sell drugs, guns, or other illegal goods. Bitcoin also became a favorite of ransomware hackers, hackers who infiltrated computers […]

Venezuelan President Nicolas Maduro

Venezuelan President Maduro to Issue First 100 Million “Petros”

Venezuelan President Nicolas Maduro plans to follow through with his new national digital currency, the petro, by issuing 100 million units of the new currency. His plan is to set the value of the petro at one barrel of Venezuelan crude oil. Currently, the price of a barrel of Venezuelan oil is just under $60, […]