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| Week in Review: Cryptocurrency Market Cap Grows The world's most active cryptocurrency spiked above $11,000 for the first time ever, as investors continued to bank on institutional support with the arrival of bitcoin futures later this month. BTC/USD attained a market cap of $192 billion on Wednesday as prices eclipsed $11,300. After a sharp correction ...
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| As Bitcoin Bubbles, Cassandra's Chorus As for the Nobel perspective: Prize winner Joseph Stiglitz has said the cryptocurrency should be outlawed. Fellow laureate Robert J. Schiller, who, as Bloomberg focused on asset pricing, said at a conference this week that a crash looms, summing up the allure thusly: "Bitcoin — it's just absolutely ...
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| Cryptocurrency Swaps are Taxable says IRS According to section 1031 of the IRS tax code, a taxpayer may "May defer recognition of capital gains and related Federal income tax liability on the exchange of certain types of property." This code means essentially that in some cases, exchanging one kind of property for another can be a non-taxed ...
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| New Zealand's Regulator Warns Against Teenager's NZD$220 Million ICO New Zealand's Financial Markets Authority (FMA) has issued a warning to potential investors to stay away from a teen's NZD$220 million cryptocurrency venture, fearing that its success may be overblown. In August, 19-year-old Ashutoush Sharma, a former student at Auckland Grammar, launched ...
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| Cryptocurrency News Breaking cryptocurrency and blockchain news with a focus on Bitcoin, Ethereum, Litecoin, Ripple, Zcash, and more.
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