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A news release on the Inland Revenue Service (IRS) website announced that the American tax authority has begun communicating with virtual currency traders regarding unpaid tax dues. The authority believes that these individuals have either failed to properly report crypto transactions or sought to evade paying taxes. According to the IRS Commissioner, Chuck Rettig, “Taxpayers […]
Staking is becoming more popular than ever before in the cryptocurrency world. It is with this in mind that KuCoin has announced the launch of their new soft staking feature. The purpose of this new variation is help eliminate some of the risk involved with traditional staking by removing the need for your coins to […]
Bitpanda are offering their users the option to get a share of 200,000 of their native token, BEST to celebrate their reaching of 1,000,000 users. It is a big week at the BitPanda office as they have reached a selection of big milestone. As well as reaching the 1,000,000 users, they have secured a 10-figure […]
A new piece of research has outlined the benefits that be gained by traders opting to diversify their portfolios with Bitcoin. The analysis released by the research arm of Binance, saw them simulate various different bitcoin allocation techniques in existing diversified portfolios. The takeaway was that of all the portfolios their simulated covered, those that […]
The CEO of Huawei, one of the leading technology companies in the world, has put his confidence behind the idea of a Chinese digital currency. Ren Zhengfe believes that such a coin, that would be backed by the Chinese Renminbi could rival the highly anticipated Project Libra that is due to be offered next year by […]
Exchange platform EXMO has released the official date for Initial Exchange Offering for their brand-new native token, EXMO Coin (EXM). With just two days left of their selective closed pre-sale round, we now have a date for the first round of sales for the token. The official date for the IEO is set for August […]
Kevin Beardsley, the former managing director at the over the counter firm, B2C2 has confirmed he will be heading up the futures operations offered at Kraken. This is the latest advancement in the new project from Kraken, which was birthed upon their acquisition of Crypto Facilities at the end of June. The London firm was […]
Margin trading exchange platform, BaseFEX have got in touch with their users to announce 5 new updates to their platform aimed at improving the various aspect of their service. While the crypto futures and derivative platform already offered impressive features on their service, including 100x leverage on bitcoin and 20x on other top cryptos, these […]
Proof of Stake (PoS) and Proof of Work (PoW) govern the way that transactions are verified in a decentralised network, such as blockchain. PoS is the more recent of the two terms and became significantly important when the Ethereum blockchain announced that it will start using this as its main method of verification. Proof of […]
According to data from cryptocurrency analytics specialists, CoinMetrix, nearly a quarter of Bitcoin has remained stagnant for half a decade. The amount that has been supposedly stored for such a long period of coins makes up 4 million coins. Which combined with have a current market figure, reflective of the $10,000-mark bitcoin is hovering around, […]