Cashfusion Use Increased by 328%, $200M in BCH Fused and Close to 20,000 Fusions

Cashfusion Use Increased by 328%, $200M in BCH Fused and Close to 20,000 FusionsCashfusion, the privacy-enhancing solution for the Bitcoin Cash network is nearing its one-year anniversary and during the last four months, fusions have increased by 328.93%. The protocol recently completed a security audit and fusions are nearing 20k with close to $200 million worth of bitcoin cash fused to-date. On November 28, 2020, the Cashfusion protocol […]

The post Cashfusion Use Increased by 328%, $200M in BCH Fused and Close to 20,000 Fusions appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Fusing With Whales: Cashfusion Privacy Mixing Expands Allowing 10x Bigger Coins

Fusing With Whales: Cashfusion Expands Tiers Allowing Much Larger FusionsOn August 11, 2020, the Electron Cash developer Jonald Fyookball announced that Cashfusion tiers have been expanded to allow 10x bigger coins to be fused. The announcement got the Bitcoin Cash community excited to “fuse with whales,” as the increase has been upped from 0.82 BCH to 8.2 BCH. Cashfusion is a type of coin […]

The post Fusing With Whales: Cashfusion Privacy Mixing Expands Allowing 10x Bigger Coins appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Crypto Card Issuer Wirecard Missing $2.1 Billion Cash, Company Shares Plunge 62%

Crypto Card Issuer Wirecard Missing $2.1 Billion Cash, Company Shares Plunge 62%About 1.9 billion euros ($2.13 billion) worth of cash is missing from one of Wirecard’s trust accounts and the crypto debit card provider cannot as yet account for the money, the company reported on Thursday. In a statement, the major German payment processor blamed “spurious” cash balances provided by a third party with the aim […]

The post Crypto Card Issuer Wirecard Missing $2.1 Billion Cash, Company Shares Plunge 62% appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto Profits

Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto ProfitsAustralian tax agents have set out to close a gap they say costs the state several billion dollars. Taxpayers who file various work-related claims and investment property deductions or declare income from sharing economy platforms such as Uber and Airbnb may be asked for explanations and receipts. Investors and traders earning income from cryptocurrencies are […]

The post Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto Profits appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Raising $100K for Cashfusion’s Security Audit, Bitcoin.com Matches Donations to Improve BCH Privacy

Raising $100k for Cashfusion’s Security Audit - Bitcoin.com Matches Donations to Improve BCH PrivacyBitcoin.com is a proponent of privacy and we have been monitoring Bitcoin Cash projects like Cashshuffle and Cashfusion closely. Last March, Cashshuffle was officially released after a security audit from Kudelski Security, and since then millions of dollars worth of BCH have been shuffled. Our web portal aims to help speed up the process of […]

The post Raising $100K for Cashfusion’s Security Audit, Bitcoin.com Matches Donations to Improve BCH Privacy appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

How the IRS Audits Cryptocurrency Tax Returns – Filing Expert Shares Example, Insights on AML Focus

How the IRS Audits Cryptocurrency Tax Returns - Filing Expert Shares Example, Insights on AML FocusTax season is one of the most dreaded times of the year for many, and when the added confusion of filing crypto returns is thrown into to the mix, things can get even stickier. News.Bitcoin.com recently talked with Clinton Donnelly of Donnelly Tax Law, a service that specializes in crypto returns. The U.S. Treasury-licensed Enrolled […]

The post How the IRS Audits Cryptocurrency Tax Returns – Filing Expert Shares Example, Insights on AML Focus appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

The IRS Confirms a new Wave of Cryptocurrency Audits is Coming

TheMerkle Coinbase IRSTax agencies around the globe continue to crack down on cryptocurrency users. A new joint report by the IRS and other agencies confirm there are new tools being deployed to identify tax evaders, cybercriminals, and other culprits.  For some time now, the Joint Chiefs of Global Tax Enforcement have been working together.  The IRS Targets Crypto Traders Again This unit consists of the IRS, as well as officials from the UK, Canada, Australia, and The Netherlands. All of these tax agencies share one common goal” tracking down tax evaders and cybercriminals. In the past two years, part of the focus

The post The IRS Confirms a new Wave of Cryptocurrency Audits is Coming appeared first on The Merkle Hash.

Go to Source

Powered by WPeMatico

‘Not an Audit’: IRS Notice Could Spell Trouble for Crypto Traders

'Not an Audit' - IRS Notice Could Spell Trouble for Crypto TradersThe IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency. Though the promised guidelines for reporting still […]

The post ‘Not an Audit’: IRS Notice Could Spell Trouble for Crypto Traders appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Private Blockchains Have Few Applications, Study Finds

Private Blockchains Have Few Applications, Study FindsDespite all efforts, so far businesses haven’t been able to come up with significant applications for private, centralized blockchains as opposed to public distributed ledgers, a new study shows. According to the authors, in most cases corporate blockchain networks are used mainly for database verification and transactions auditing. Also read: Poll Shows 13% of Russians […]

The post Private Blockchains Have Few Applications, Study Finds appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

South Korea’s Largest Bitcoin Exchange Passes Government Audit With Flying Colors

South Korea’s cryptocurrency situation is slowly becoming a lot more clear. Despite initial concerns regarding the Upbit exchange’s investigation, the company successfully passed an audit by local financial authorities. There is no proof of any wrongdoings, and Upbit was not involved in any trading manipulation. Upbit Receives the Green Light It is good to hear […]

Go to Source

Powered by WPeMatico