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| Twitter CEO Jack Dorsey says bitcoin will eventually be the single global currency: Report Jack Dorsey, the CEO of Twitter and Square, expects bitcoin to become the single global currency within the next decade, he told the Sunday Times newspaper. Dorsey, a personal investor in bitcoin, expects the cryptocurrency to be used for simple things like coffee and said its ascendance to world's ...
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| IRS Reminds Taxpayers Cryptocurrency Income Is Taxable Virtual currency is generally defined as a digital representation of value functioning in generally the same manner as a nation's traditional currency. Since virtual currency transactions can be hard to trace and have an inherently "pseudo-anonymous" aspect, taxpayers can be tempted to hide taxable ...
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| Getting a Read on Mexico's Election With Volatility Tea Leaves Mexico's much anticipated presidential election, which is scheduled for July 1, is drawing attention to the currency as well as the candidates. ... will be significantly higher peso volatility around the election—and that a weakening of the peso would be more volatile than a strengthening of the currency.
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| Venezuela's Petro Now Purchasable with Foreign Fiat Last month, Venezuela became the first country to issue its own cryptocurrency with the launch of the purportedly oil-backed Petro. Now, the digital currency is available for purchase with a variety of fiat currencies — just not the dollar.
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