Bitcoin trading activity in South Korea has reportedly dipped amid rising interest in smaller altcoins.
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US Court Authorizes IRS to Summon Cryptocurrency User Records From Circle and Poloniex
The Internal Revenue Service (IRS) has obtained authorization from a federal court to seek information on cryptocurrency users from Circle and Poloniex exchange platforms. The tax authority wants records identifying crypto users who conducted $20,000 or more in crypto transactions during the years 2016 to 2020 as well as other documents relating to their crypto […]Powered by WPeMatico
Calling Tops and Bottoms: 2020’s Most Popular Bitcoin Traders and Analysts
Bitcoin and cryptocurrency trading is quite popular these days. With the price upswings and volatility in 2020, crypto traders have made and lost a lot of money. In the last few years, a number of digital currency enthusiasts have been attracted to professional traders and analysts routinely publishing technical analysis (TA) online. Crypto asset trading […]
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Markets.Bitcoin.Com Holds Fort as Coinmarketcap Temporarily Goes Offline
Coinmarketcap (CMC) temporarily went offline Thursday, August 13 and normal service only resumed some hours later, but not before inconveniencing a number of regular users. Crypto investors accustomed to CMC’s service scrambled to find reliable alternative sources of fresh market data. During this downtime, crypto traders that are new to markets.Bitcoin.com got a glimpse of […]
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5 Chinese Banks Say Legal Crypto Traders’ Accounts Will Not Be Frozen as Police Widen Crackdown
Following reports that Chinese authorities are freezing bank accounts of cryptocurrency traders, five banks have reportedly clarified their policies. They confirmed that accounts with legal crypto transactions will not be frozen. However, some people claim that their accounts have been frozen without involvement in illegal activities. Crypto Traders’ Bank Accounts Frozen Chinese police have been […]
The post 5 Chinese Banks Say Legal Crypto Traders’ Accounts Will Not Be Frozen as Police Widen Crackdown appeared first on Bitcoin News.
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Market Update: Bitcoin World Reserve Theories, Market Cap Loses $16B, Analyst Predicts $7,500 ETH
Digital currency markets are down on Sunday evening roughly 2.14% as global trade volume has slid by 31% this weekend. Coins like ethereum, bitcoin, litecoin, and bitcoin cash are all down between 1-2% in the last 24 hours. Crypto Assets Shed $16 Billion in Two Days At the time of publication, the cryptocurrency market capitalization […]
The post Market Update: Bitcoin World Reserve Theories, Market Cap Loses $16B, Analyst Predicts $7,500 ETH appeared first on Bitcoin News.
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Chinese Authority Freezes Thousands of Cryptocurrency Traders’ Bank Accounts
Several thousands of bank accounts belonging to cryptocurrency traders have reportedly been frozen by Chinese police as a result of an extensive crackdown on illicit activities. Frozen accounts are not necessarily involved in wrongdoing and can be unfrozen if the authority finds no evidence of illicit activities. Police Freeze Bank Accounts of Crypto Traders The […]
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Denmark’s Tax Authority Sends Warning Letters to 20,000 Crypto Owners
The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these traders from three local crypto exchanges. Also […]
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PR: Folgory Launches Mobile App and Regulated Crypto Exchange
Folgory, the fully integrated app and trading exchange launches to bring a range of services to crypto users.
The intellectual and logistical demands of trading crypto currency have hitherto been tricky at best, complex at worst. Folgory has created an easy to integrate and manage solution designed for the crypto trader looking for speed, ease of use and the highest levels of security.
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Denmark’s Tax Agency to Collect Information About Bitcoin Traders
Danish tax authorities will soon be going after cryptocurrency traders in the country and beyond. The plan is to collect data from local bitcoin exchanges in order to verify if citizens who have traded digital assets have paid the right taxes. Information about foreign citizens and entities will be shared with other countries. Also […]
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