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Coinbase Reveals ‘Overhauled’ Changes and Tax Tools

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This week the popular cryptocurrency service Coinbase revealed a slew of announcements concerning certain aspects of the business. The exchange details its Segregated Witness (Segwit) rollout, plans to disable Paypal, new tax tools, and the hiring of 500 customer support agents. Also Read: Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange Segwit and … Read more

Bitfract by Shapeshift Lets You Swap One Cryptocurrency for Many

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Instant cryptocurrency exchange specialist Shapeshift has quietly launched a new service. Bitfract, which is still in beta, allows users to swap from one cryptocurrency for multiple cryptos in an instant. For example, you can swap from bitcoin to a brace of different altcoins without needing to make multiple transactions. The tool is free to use, … Read more

Transaction Batching: Good for Fees, Bad for Privacy

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Over the past few weeks, many people have noticed that bitcoin core network fees and transactions times have been a lot better than two months ago when fees reached highs of 1,000 satoshis per byte or $30-40 per transaction. Many people are wondering why these issues have subsided, and some people believe it is due … Read more

Coinbase Compelled by IRS to Provide 13,000 Customers’ Information

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Popular cryptocurrency exchange Coinbase has been forced by court order to hand over thousands and thousands of its customers’ names and assorted personal information to the US Internal Revenue Service (IRS) in the agency’s effort to collect tax.    Also read: How To Regain Control From Nanny Zuck Coinbase Sends Out IRS Notice “Received notice from … Read more

Gifting Bitcoin Is One Way a Person Can Avoid Paying Crypto-Taxes

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After the newly written U.S. tax laws recently passed, cryptocurrency investors realized the tax-free exemption filing 1031 for IRS reporting is no longer applicable to their digital asset investments. The law also implies that a lot of people will have to pay taxes on every single transaction they processed throughout the past twelve months. However, … Read more

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