IRS to summon users who don’t report and pay tax on crypto transactions

The summons requires M.Y. Safra Bank to submit information about taxpayers who failed to report and pay their taxes on crypto.

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How GoCrypto-Binance Pay Alliance Could Boost Crypto’s Mass Adoption

On Sept. 9, 2021, cryptocurrency payments network GoCrypto officially announced a new partnership with Binance Pay. The alliance between the two now enables GoCrypto to fully integrate the Binance Pay crypto payment technology into its fast-growing network.

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Coinbase Adds Option To Buy Crypto With Apple Pay, Google Pay To Follow

Crypto continues to see tremendous growth these past weeks. Prices of coins have soared across the board as sentiments continue to skew in the positive. Investors seem to be pouring back into the market, with the market showing patterns that indicate current buy pressure trends are higher than sell pressures.

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Online Travel Agency Travala Taps Binance Pay for Crypto Payments

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Bitwage Partners with Payroll Company Enabling More Firms Pay Salaries in Crypto

CoinSpeaker Bitwage Partners with Payroll Company Enabling More Firms Pay Salaries in Crypto Thanks to entering in a new partnership, Bitwage will give more companies a possibility to pay their employees using crypto assets.

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Ledger Will Accept Customer Payments With Crypto.com Pay

Ccustomers will easily be able to pay for the products of their choice using the cryptocurrency they want. Ccustomers will easily be able to pay for the products of their choice using the cryptocurrency they want.

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UK Tax Agency Publishes Detailed Guidance for Crypto Holders

U.K. tax body HMRC has provided an in-depth explanation of how cryptocurrency users should pay taxes on their holdings.

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Blockstream Satellites Now Cover Asia Pacific, Send Messages With Lightning

While most crypto investors are shooting for the moon, Blockstream is focused on things a bit closer to Earth: in the outermost layer of its atmosphere, to be exact.

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Metal Pay Is Giving Out Free Crypto All Day

The prospect of getting something for nothing is a powerful motivator. The American actress, Sandra Bullock, once (in)famously said that she would do “anything for free stuff” though whether this statement has been tested in the wild is unclear.

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Ethereum Chat Startup Status Lays Off 25% of Staff

Citing the crypto bear market, Status.IM has laid off 25 staffers and asked remaining employees to take a pay cut.

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ICOs Could be Forced to Pay Back Millions Following SEC Ruling

Cryptocurrency, Initial Coin Offerings (ICOs)–While the crypto markets hit a relative low for the year, with Bitcoin now trading at $3300, the news continues to worsen for the controversial field of initial coin offerings.

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The Daily: Uber Meets Bitcoin, Basis Stablecoin Shuts Down

In Thursday’s installment of The Daily, we report on a highly anticipated stablecoin project that’s failed before it’s even launched, and explore the strangely centralized world of crypto Twitter.

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Gaming Firm Wants to Pay Players to Mine Cryptocurrency

When the crypto chips are down companies often seek alternative methods of generating income. Gaming equipment giant Razer wants to pay gamers to mine crypto using their graphics cards. The new crypto rewards program is called ‘Razer SoftMiner’, and it enables users to put their GPUs to work mining “Silver” which according to the firm […] The post Gaming Firm Wants to Pay Players to Mine Cryptocurrency appeared first on Ethereum World News.

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SEC: AriseBank Execs Agree To Pay $2.6M

Two executives behind an alleged ICO scam will have to pay a hefty fine, in a settlement that the U. S. Securities and Exchange Commission hopes will send a message to the crypto industry. Jared Rice Sr.

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Crypto Holiday Guide: Gifts for Every Bitcoiner on Your Shopping List

The holiday season is here. And even if crypto prices are on the coal heap, you can still have fun spreading some holiday bitcoin cheer. For the bitcoiners in your life, this could mean a crypto-related gift as a token of solidarity.

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TenX Bitcoin Payments Provider Airdrops New PAY Token Cryptocurrency After Delayed Promises

TenX Airdrops New Virtual Currency After Delayed Promises The crypto wallet provider TenX announced that it will be airdropping a new ERC-20 coin called TenX Token. The new digital asset will be given to those who hold the PAY token during the first quarter of 2019. The new token released by the company will also […]

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UK Member of Parliament: MPs Have a Duty to Understand Crypto

A member of UK parliament and self-confessed cryptocurrency enthusiast has spoken in favour of the fintech innovation. Eddie Hughes, MP, believes embracing the technology could help Britain thrive in the wake of Brexit and that the public should be able to pay their taxes using Bitcoin.

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President Maduro Says Petro Crypto Expected To Be Used To Pay For Venezuela’s Oil Next Year

Venezuela has been struggling with hyperinflation for over five years now, and the economy continues to suffer as a result. Citizens have died of starvation, unable to even buy a meal for their family, while others look outside of the country to find something to eat.

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Brazil’s Bitcambio Crypto Exchange Accidently Sends $35 Million To User Wanting To Withdrawal $127 USD

Brazilian Crypto Exchange Sends $35 Million To $127 USD Withdrawal By Mistake Bitcambio, a crypto exchange based in Brazil, has made one the silliest and biggest mistakes ever made in the crypto industry.

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Crypto Nut Cracker And Wolf Of Wall Street, Jordan Belfort, Ordered To Pay Restitutions By Judge

Judge Orders The Wolf Of Wall Street, Jordan Belfort, To Pay Restitutions To His Victims You may have heard of Jordan Belfort, which is best known for the movie The Wolf of Wall Street, in which he was portrayed by Leonardo DiCaprio.

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Robinhood to Provide Zero-Fee Crypto Trading to Illinois Residents

Robinhood is one of the most talked about digital asset and stock trading applications in the market. They allowed individuals from different states in the US to purchase cryptocurrencies without having to pay for fees at the time of trading.

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What Is TenX (PAY)? | An All-Inclusive Guide to the Crypto Card

A guide to the crypto card project, how it works, and where you can purchase and store the PAY token. Learn it all here. The post What Is TenX (PAY)? | An All-Inclusive Guide to the Crypto Card appeared first on CoinCentral.

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Ohio Technology Funds Announce $100M Support for Blockchain Startups

Recently, the CEO of Ohio-based nonprofit JumpStart Inc. announced that his company, along with six others, would invest vast sums of money into Ohio’s blockchain startups.

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McAfee Unfazed After SEC Says Promoting ICO Without Disclosing Pay is Fraud

The impassioned crypto community on Twitter, specifically prominent commentators and analysts, took up arms over the weekend, as the U. S. Securities and Exchange Commission (SEC)’s indictment of DJ Khaled and Floyd Mayweather became an industry flavor of the month.

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EU Workers Now Have the Option to Take Their Pay in a Euro Stablecoin

Blockchain Payroll Platform WorkChain. io has partnered with tokenization platform STASIS to enable euro-backed crypto paychecks for its European Union (EU) users with the EURS stablecoin.

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Look at Data From Past Bitcoin Crashes and You Might (Possibly) Feel Better

After a bearish year of perennial price swings that culminated in months of tightly wound sideways movement, the (former) bottom has dropped out for bitcoin and the wider crypto market.

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Employees Say Startup Civil Hyped Crypto Returns, But Failed to Pay

Civil was supposed to create a more transparent and democratic model for journalism, but so far, journalists working on its platform have yet to receive all of the compensation they say they were promised when hired.

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Winter Is Coming To Norway: No More Electricity Subsidies For Crypto Mining Starting 2019

Come the new year, cryptocurrency mining outfits in the Scandinavian country must pay regular electricity taxes.

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CME Bitcoin Futures Contracts To Expire On Friday, What Crypto Investors Should Pay Attention To

CME Bitcoin Futures Contracts Ready To Expire On Friday The Chicago Mercantile Exchange (CME) Bitcoin Futures Contracts expire every single last Friday of the month. And in November it will not be the exception.

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Ohio Passes Law to Facilate Payment of Tax Through Bitcoin

While the crypto market continues to see an abundance of red on the charts, it received a massive nod of approval on November 25, 2018. The Wall Street Journal reports the U. S. state of Ohio is set to become the first in the country to allow payment of taxes through bitcoin.

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Bitcoin Accepted Here: Paying With BTC In Nairobi

As I walked into the cozy bar, I had a feeling of excitement. It would be the first time I would pay in Bitcoin at a local establishment. I have traded in cryptos since August 2017, but I had never used them to pay at a local merchant.

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First US State Officially Starts Accepting Bitcoin for Tax Payments

CoinSpeaker First US State Officially Starts Accepting Bitcoin for Tax Payments Starting from today, Ohio businesses can pay taxes with Bitcoin. The authorities will use crypto payment processor BitPay which will handle the payment in crypto and conversion to dollars for the tax office.

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Good News: First US State Officially Starts Accepting Bitcoin for Tax Payments

CoinSpeaker Good News: First US State Officially Starts Accepting Bitcoin for Tax Payments Starting from today, Ohio businesses can pay taxes with Bitcoin. The authorities will use crypto payment processor BitPay which will handle the payment in crypto and conversion to dollars for the tax office.

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Two Banks Pay $182M For Market Manipulation

Market manipulation is rampant, the banks hold all the cards and whales routinely move prices in their favor. Oh, and that probably happens in crypto markets, too. In the latest demonstration that crypto markets are child’s play compared to real financial manipulation, two major banks have settled lawsuits from investors alleging violations of anti-monopoly laws.

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Uganda to Regulate Cryptocurrency as Fake Bitcoin Schemes Surge

Uganda will seek to regulate crypto assets to prevent criminals from exploiting digital currencies to scam citizens. This comes as thousands of Ugandans have fallen victim to a number of Ponzi schemes, including the D9 Club, which promised to pay members in bitcoin.

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Gibraltar's Regulator Grants Full License to the Gibraltar Blockchain Exchange

The Gibraltar Blockchain Exchange (GBX) has been granted a license from the Gibraltar Financial Services Commission (GFSC) required to operate a regulated blockchain exchange.

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Why is the Newest SEC Statement Important for Initial Coin Offerings and the Crypto Space?

The U. S. Securities and Exchange Commission (SEC) released a statement in which the agency informs that Initial Coin Offerings (ICOs) must be compliant with securities laws. Two ICOs that have been sanctioned for selling unregistered securities are Paragon and AirFox.

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North Korea to Hold Crypto Conference in April

North Korea plans to host an international summit of experts from the cryptocurrency industry. The Pyongyang Blockchain and Cryptocurrency Conference will be held in April of next year at a science and technology center in the national capital.

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Colorado State Commissioner Issues New Cease-and-Desist Orders Against Four Crypto Firms

Colorado Securities Commissioner Gerald Rome has issued a new batch of cease-and-desist orders against unregistered Initial Coin Offerings (ICOs) operating in the state, taking the total number of signed orders against ICOs in Colorado to 18.

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Price Dip Aside, Paxful Anticipates Big Week of Gift Card-to-Bitcoin Trades

That special time of year is coming up — the time when individuals trade in their unwanted or unusable gift cards for bitcoin. And with the price of bitcoin dropping, peer-to-peer (P2P) bitcoin marketplace Paxful is making it possible to use these gift cards to “buy the dip.

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Op Ed: It’s Time to Reject Mediocrity, #ExitFiat and Embrace Bitcoin

When the towers in New York fell, I became obsessed with economics. I wanted to follow the money to understand what happened on that dreadful day. During that time of inquiry, I found myself very interested in Austrian economic theory.

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Huobi Group Sets Up Communist Party Committee in Beijing

As part of its desire to forge deeper ties with the Chinese government, Huobi Group, the parent company of digital asset platform Huobi, has formed a Communist Party committee in China, according to an announcement by the company.

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Recent Poland Income Tax Regulations Amendments Require Crypto Profits To Pay 19% In Taxes

Recent Amendments To Income Tax Regulations in Poland Require Crypto Profits To Pay 19% in Taxes The taxation of cryptocurrency profits has been a hot topic for many countries that are looking to regulate the space.

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Even In A Bear Market Aeternity Will Pay You To Study Blockchain

It’s not easy to learn about the blockchain, and you can’t get all your information from quiz shows. Even in a bear market the demand for professionals is growing, and it’s now possible to study blockchain technology… while getting paid for it.

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Poles to Pay 19% Tax on Income From Cryptocurrency Transactions

The government of Poland recently submitted amended income tax regulations for approval by President Andrzej Duda. The updated framework, which includes provisions referring to cryptocurrencies, is expected to enter into force on Jan.

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Op Ed: Cryptocurrency’s Unrealized Opportunities for U.S. Tax Professionals

The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.

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Crypto Experts Agree: It’s Not Wise to Compare Bitcoin (BTC) to Centralized Payment Systems

Bitcoin is the largest and most popular virtual currency in the cryptocurrency market. It can be used to process transactions of $1 million dollars or more or even $1 dollars’ transactions. However, the miners have to pay the same price for processing a very small payment or large transactions. For example, back in September, $193 […]

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‘Asia’s Amazon’ Starts Using Bithumb’s Payment Service for Cryptocurrency Users

One of South Korea’s largest cryptocurrency exchanges, Bithumb, has begun providing a cryptocurrency payment service to a major online marketplace it refers to as “Asia’s Amazon. ” Korean users can use their cryptocurrencies held at the exchange to pay for purchases on Qoo10 using this service.

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[VIDEO] November 7th Daily Crypto Dose: Top Blockchain and Cryptocurrency News For Today

OKEx Exchange Opens Margin Trading For Ripple Coin XRP/BTC and Litecoin LTC/BTC OKEx Exchange Opens Margin Trading For Ripple Coin XRP/BTC and Litecoin LTC/BTC XRP Coin Price Surges Past $0. 50 on Twitter Suggestion of Ripple Entering Apple Pay via Wirex XRP Coin Price Surges Past $0.

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