With Bitcoin and other cryptocurrencies making huge sums of money for those adept at timing the market, the U.S. Internal Revenue Service (IRS) is keen to make sure it receives its cut of the profits. However, a lawyer from Morgan Lewis & Bockius states that many users do not realise that even when they have…
Boston-based Circle Internet Financial Ltd., creator of the popular retail crypto trading app Circle Invest, has announced that it’s following the lead of other exchanges by launching its own U.S.-dollar backed stablecoin. USD Coin: Circle Introduces New Dollar Backed Stablecoin The Goldman Sachs-backed Circle announced the move just days after revealing that new assets were…
It doesn’t matter if you are a Grammy Award-winning musician or a video producer with less than a hundred followers. The moment you publish your work – it starts getting segregated. Content creators have been silently siphoning off a huge part of their earnings to several sets of hands. When an individual watches or purchases their…
Markets still falling back; XRP up but Ethereum still in pain. Crypto markets are still bearish today following yesterday’s 15 billion dollar dump. What seemed to be signs of another small rally ended a few hours ago when markets turned south once again. They are currently below $210 billion total market capitalization. Bitcoin has declined…
One of the largest internet technology firms on the planet, Mountain View, California-based Google is reversing its stance on cryptocurrencies, removing a ban on crypto-related advertising that went into effect in early 2018. Google Reverses Cryptocurrency Ad Ban Back in March of 2018, the search-engine powerhouse Google followed the lead of Facebook, Twitter, and others…
A Venezuela-based company has introduced the first SMS wallet service exclusively for Dash transactions, enabling payments to be sent and received in the country without a smart phone or internet connection. Venezuela Turns to Dash Last month, Ryan Taylor, CEO of Dash Core Group, said that it was “seeing tens of thousands of wallet downloads from…
North Korea is reportedly ramping up the use of cryptocurrencies to evade US economic sanctions. It’s also alleged that the country is developing its own native crypto asset to further assist moving money across borders, according to a duo of financial intelligence analysts from Washington D.C. North Korea Allegedly Uses a Mixer to Launder Money Using…
While the cryptocurrency markets are sitting well off their year-to-date lows, and Bitcoin is showing increasing stability with major support at $6,000, a Cboe options expert is now claiming that the markets may have yet to hit rock bottom, based on how this rally ultimately ends. As market sentiment is near its all-time low, the…
Markets holding steady on Monday; Siacoin, Stellar, ReddCoin and 0x performing well. Cryptocurrencies are green this Monday morning on the Asian markets. The weekend recovery has held firm and the majority of cryptos are still rising. Market capitalization has remained above $225 billion and is still heading upwards at the time of writing. Bitcoin has…
There is something of a battle for second place in cryptocurrency markets going on right now. The number two and three spots, Ether and Ripple respectively (at the time of writing, at least) have swapped positions twice already today with both showing exceptional strength on a day that is uncharacteristically green considering trends so far…