Cryptocurrencies

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The Daily: Turbo Tax Adds Crypto Section, Venezuela’s Localbitcoins Record

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In this edition of The Daily, tax filing software Turbo Tax has integrated a feature that allows crypto investors to report their capital gains online. Also, Venezuelans have set a new record in P2P trade on Localbitcoins and Brazilians can now pay for movie tickets with digital coins.   Also read: Twitter CEO Talks Bitcoin, Bitstamp … Read more

The Crucible of Privacy: Why Decentralized Exchange Is the Only Way

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Decentralization is a core principle of blockchain-based technology. It’s the most important and unique property of the many cryptocurrencies that have launched since the birth of Bitcoin. Decentralization facilitates a move away from centralized control and differentiates crypto from government-backed fiat currencies. It is the crucible of security and privacy. So why, if this concept is … Read more

Report: Indian Government Concerned Cryptocurrencies Could Undermine the Rupee

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The Indian government panel tasked with drafting crypto regulation is reportedly worried that cryptocurrencies could destabilize the rupee if they are accepted as payments. Its concern came to light despite evidence that cryptocurrencies do not currently pose a threat to financial stability. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Impact on … Read more

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