The IRS may be cracking down on crypto bought on foreign exchanges as part of a technicality involving overseas holdings. Americans who hold more than $10,000 abroad are required to file Foreign Bank and Financial Accounts (FBAR) reports each year with the U.S. Treasury Department. They are also required by the Foreign Account Tax Compliance…
Crypto energy consumption: Bitcoin took the world by storm. Some experts warned against trading it, touting it as fraudulent. But as time went by, the cryptocurrency remained strong, surprising everyone. These days a lot of people are trading Bitcoin and investing in it, in hopes of making a profit. There are still some skeptics, but…
HomeSponsoredDLive Launches Android App to Bring Twitch-Style Streaming to Blockchain DLive, the world’s first (and biggest) decentralized streaming platform has been seeing some impressive growth. Since launching about six months ago, the blockchain startup already has 500,000 monthly active users who tune into the platform to watch everything from Fortnite streams to DIY cooking shows.…
Reports of Stellar acquiring Chain are floating around this week. On June 20th, Fortune reported that Stellar, the creator of the virtual currency XLM, is in talks to purchase the California-based blockchain startup. But is it really going to happen? Stellar Acquiring Chain – Real or Fake? Rumors in the crypto space take different paths.…
Bithumb hack investors repaid: Another week, another crypto exchange hack. Last Monday, June 11, the world awoke to the news of the Coinrail hack. This week, another South Korean exchange was also hacked. This time around it was Bithumb. In the Bithumb hack, roughly $30M in digital assets was stolen. Don’t worry, though – Bithumb…
Charlie Lee on CNBC: Charlie Lee, founder of Litecoin (LTC), chatted with CNBC about the recent Bithumb hack, Bitcoin price, and the Lightning Network. Charlie Lee on CNBC: Bithumb Hack The South Korean crypto exchange Bithumb was hacked earlier this week, with a total of USD $30 million in crypto being stolen. It was enough…
Even before the guidance from the regulator, a report in May revealed that Facebook’s head of Messenger David Marcus was leaving his post to lead a team of about a dozen exploring blockchain applications for the company. While there hasn’t been any official reference to a Facebook cryptocurrency, Marcus was the former president of PayPal…
Just as the industrial revolution centred on the cities of Northern England, and the digital revolution on the shores of Silicon Valley, blockchain development is beginning to concentrate in certain areas. One of these places is South Korea, where authorities have recently announced plans for “Crypto Beach” a major blockchain centre styled after Switzerland’s Crypto…
As a long-term stock investor, I have sought out high growth companies early on to add to my portfolio. Typically these are also the stocks that display the most volatility. But as they say, no risk no reward. Instead of day trading, my focus has always been to identify companies early and hold onto them…
HomePress ReleaseAlibabacoin Foundation Releases Multi-Crypto Wallet after Huge ICO Success The Alibabacoin Foundation is celebrating the historic release of their long-anticipated Multi-crypto Wallet with a massive airdrop event. The innovative team of blockchain specialists at Alibabacoin Foundation seek to maintain the success they have enjoyed in 2018 with the release of this software on the…
