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| Bought bitcoin last year? Here's how to save money on your crypto taxes Last month the IRS issued a serious warning through a press release to anyone that does not pay taxes on their cryptocurrency profits. The statement says that "taxpayers could be subject to criminal prosecution…Anyone convicted of tax evasion is subject to a prison term of up to five years and a fine of ...
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| Exit Scam: Vietnamese Cryptocurrency Company Goes Dark After Allegedly Duping Investors Of ... Ho Chi Minh City-based company Modern Tech has gone dark after allegedly deceiving 32,000 people into investing an estimated VND15 trillion (US$660 million) into two fake cryptocurrency projects. Dozens of disgruntled investors gathered in front of Modern Tech's headquarters in the business ...
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| 3 Pervasive Cryptocurrency Conundrums In 2017, the cryptocurrency market was practically unstoppable. Over the course of the year, the combined market cap of all virtual currencies soared almost $600 billion, which in percentage terms, equates to more than 3,300%. It may very well go down as the most impressive 12-month return for an ...
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| The 2018 Year of Cryptocurrency Challenge – Week 13 At the beginning of 2018, I wrote an article outlining a New Year's resolution that I thought could help boost cryptocurrency adoption and awareness in 2018, as long as enough people were doing it. Last week was the twelfth installment of my challenge. Since then, I've filed my taxes – which required an ...
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| Investor Immunity to Cryptocurrency 'Disease' Is Growing, Says Barclays FILE PHOTO: A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. REUTERS/Stefan Wermuth/File Photo Reuters. By Tommy Wilkes and Tom Finn. LONDON (Reuters) - The investment mania for cryptocurrencies is like an infectious disease whose transmission rate may ...
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| Small cryptocurrency exchanges find the going hard under greater government oversight With the Financial Services Agency implementing greater oversight in the wake of the ¥58 billion Coincheck heist, many young and small cryptocurrency exchanges are finding it difficult to conduct business and looking to call it quits. In early March, the FSA rocked the cryptocurrency exchange world with ...
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| US Fintech Intrinio Announces Partnership With CryptoQuote to Distribute Real-TIme ... Intrinio, a U.S.-based fintech company that provides financial data, announced on Monday it has formed a partnership with CryptoQuote, a provider of accurate and timely cryptocurrency data APIs, to distribute real-time cryptocurrency data through Intrinio's fintech marketplace. According to Intrinio, users ...
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| Crypto Investors Could Inadvertently Commit 'Potential Felony,' Tax Expert Says As tax day rapidly approaches, there's no lack of uncertainty amongst tax professionals regarding cryptocurrency investors purchasing digital assets through foreign exchanges. Regardless of the government's seemingly straightforward legislative position, ambiguity continues to riddle the field when ...
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| 23 Cryptocurrency Exchanges in South Korea to Self-Regulate, 10 Opt-Out The need for cryptocurrency self-regulation in South Korea is rising as banks still refuse to issue new virtual accounts for most crypto exchanges. The Korean Blockchain Association is preparing self-regulatory standards. Thirty-three exchanges were asked to undergo a review; twenty-three agreed but ...
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| Facebook's Cryptocurrency-Ad Ban Doesn't Work, Here's Why Obviously, cryptocurrency companies weren't going to lie back and just accept their fate. Social networks are key in the marketing strategy of any business or company and in a democratic network, you would expect to be able to advertise your business so long as it follows legal regulations, therefore it is ...
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