American College Student Collects $400,000 in Tax Liability from $5,000 Crypto Investment

American College Student Collects $400,000 in Tax Liability from $5,000 Crypto Investment
фото показано с : btcmanager.com

2018-11-7 21:00

On November 2, 2018, a Reddit user submitted a post to the /r/tax subreddit claiming that they were stuck in a somewhat precarious proposition with their taxes. Crypto-to-crypto trades: Taxable events The individual, an American college student, said that they decided to start dabbling in cryptocurrency investments sometime in early 2017 after hearing about the market’s growth potential from a.

. . Read More. The post by Rahul Nambiampurath appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News.

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Report: “Full Quarter” of Affluent Millenials Hold Cryptocurrency, 75 Percent Believe Another Financial Crisis Due Soon

American public relations giant Edelman believes a “full quarter” of millennials hold and transact using cryptocurrencies, as per recent research concluded in October 2018. Rising Interest in Cryptocurrencies According to the Millennials with Money report, the survey recorded responses from “affluent” millennials – those with minimum annual pay of more than $100,000 and/or having $50,000 in […] The post Report: “Full Quarter” of Affluent Millenials Hold Cryptocurrency, 75 Percent Believe Another Financial Crisis Due Soon appeared first on CryptoSlate.

2018-11-2 16:00


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US man faces 5 years in prison for unlicensed trading of over $3.2M in Bitcoin

An American man has fessed up in front of federal court judges, pleading guilty for operating an “unlicensed money transmitting business. ” A Department of Justics (DoJ) published a press release yesterday that details how Jacob Burrell Campos has been selling “hundres of thousands of dollars in Bitcoin to over 1,000 customers” across the United States.

2018-10-30 16:22


Is Bitcoin Having An Effect On American Elections?

The political world is filled with individuals who will do anything to get even the slightest advantage over their opponents.  With cryptocurrency in its early stages and largely misunderstood and unregulated, politicians are looking to digital assets as a way to pump their fundraising totals and possibly circumvent some of the rules that are in […] The post Is Bitcoin Having An Effect On American Elections? appeared first on ZyCrypto.

2018-10-27 21:56


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U.S. SEC Investigates Nevada-based Company Over False Regulatory Claims

The U. S. Securities and Exchange Commission (SEC) issued a suspension of trading in the Securities of Nevada-based American Retail Group, also known as Simex Inc. According to a press release published October 22, 2018, the company falsely claimed that they partnered with an SEC-qualified custodian and had registered their token offering in accordance to SEC requirements and regulations.

2018-10-24 11:00


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Did American Express Get Caught Spreading ‘Anti-Crypto Propaganda’?

US multinational financial services corporation American Express (AMEX) has appeared to join the traditional finance entities publicly criticizing cryptocurrency. Energy Usage: Fact Or FUD? As social media users noted October 15, the company recently “promoted” a post by Bloomberg’s TicToc Twitter-based news portal which claimed the cryptocurrency industry “is using more energy than all the world’s electric vehicles.

2018-10-17 16:00


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‘Nurture Productive Aspects Of Cryptocurrency,’ US Presidential Hopeful Tells Senate

The US senator and potential presidential contender who suggested cryptocurrency “hurt” American families repeated concerns about the industry on October 11, saying it was “easy to steal. ” Warren Argues For Consumer Protection ‘Balance’ In a Senate Banking Committee hearing, Elizabeth Warren voiced fresh worry over the current regulatory climate in Washington, implying balanced rules should come into force.

2018-10-12 17:00


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Economic Crisis in Argentina Provides Opportunity for Bitcoin ATM Providers

According to cryptocurrency ATM providers Athena Bitcoin and the Odyssey Group, by the end of 2018, Argentina could have up to 30 Bitcoin ATMs. Reuters published an article on October 4, 2018, mentioning that these cryptocurrency ATM providers are keen to tap into the South American market and take advantage of the current Argentinian economic crisis and to expand their.

2018-10-8 04:00


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Soulja Boy Embraces Bitcoin on New Track

Soulja Boy, the American rapper who rose to worldwide fame thanks to his mega-hit, “Crank That,” released a new album titled “Young Drako. ” While much of the album focuses on traditional rap subjects, one track on the album, “Bitcoin,” focuses on the artists’ love of the cryptocurrency — as well as his purported success making money as a trader.

2018-10-6 20:00


Large North American Crypto Miner Giga Watt Launches New Data Centers

Giga Watts launches new data centers to smooth cryptocurrency mining problems The current cryptocurrency mining business is getting less and less profitable as more coins are mined. This has caused one of the largest cryptocurrency mining solutions company in North America, Giga Watts, to add more data centers to boost the crypto mining communities. The […]

2018-10-2 05:31


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SEC Charges Forex Broker for Illegal Securities Swaps Involving Bitcoin

In what seems like the first coordinated strike from government agencies, the U. S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Federal Bureau of Investigation (FBI) have taken action against a securities broker for violating federal laws in connection with security-based swaps funded by bitcoin.

2018-9-29 22:29


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SEC, CFTC Hits 1Broker Crypto Platform With Charges — Investors Worried

American Regulators Strikes 1Broker Crypto Platform With Legal Charges, Website Seized On Wednesday afternoon, many investors in this industry were caught off-guard, as the American Securities And Exchange Commission (SEC), who has begun to take a growing role in the crypto asset space, revealed that it had charged 1pool Ltd, known as 1Broker to cryptocurrency […] The post SEC, CFTC Hits 1Broker Crypto Platform With Charges — Investors Worried appeared first on Ethereum World News.

2018-9-28 05:41


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Morgan Creek Capital Management: Cryptocurrencies Will Replace Fiat Currency

Morgan Creek Capital Management is one of the brave American asset managers that have taken the leap towards cryptocurrency investing. In a partnership with Bitwise Asset Management, the asset manager provides access to blockchain assets for institutional investors through its Digital Asset Index Fund, which tracks the top ten largest cryptographic assets in the market.

2018-9-24 06:00


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48% of American Millennials Would Switch from Fiat to Crypto, Survey Reveals

A survey carried out by research service YouGov Omnibus shows that while cryptocurrency prices are tumbling, 48 percent of millennials have no problem switching to crypto as a primary currency. The report, which collected answers from 1202 respondents from August 29-30, 2018, revealed that 79 percent of Americans are familiar with at least one cryptocurrency.

2018-9-11 00:07