There’s new news in the ongoing battle between bitcoin and ether exchange and platform startup Coinbase and the IRS. The request for Jeffrey Berns’ Coinbase user records has been nullified by the IRS, while the request for the other millions of accounts still remains. For...
The Internal Revenue Service has asked a court to dismiss a motion filed by a Coinbase user who wants the court to block the IRS from accessing transaction data. According to a report by Forbes, the IRS, in a motion filed on Tuesday (Dec. 27), asked...
The final quarter of 2016 has been good to cryptocurrency bitcoin. At the time of writing, the current bitcoin price stands at $966.41, the highest it has been since its near $1,200 peak in Dec. 2013, before Japanese bitcoin exchange Mt. Gox collapsed. Bitcoin has been rising...
Bitcoin is ending the year on a good note, with the total value of bitcoin in circulation reaching more than $14 billion on Thursday (Dec. 22), setting an all-time high for the alternative digital currency. According to a report, the value of bitcoin increased 5 percent...
Bitcoins have recently gained interest as a protective measure. Government agencies and banks have started to hoard bitcoin to ward off hackers. DDoS hackers know they can make ransom deals with organizations, which now are becoming keenly aware of how to keep the peace. But...
The price of bitcoin has continued its December climb this week. Bitcoin is at its highest value since early Feb. 2014. After a drop into the mid-760s on Sunday (Dec. 11), bitcoin rose to a weekly peak of $788.49 on Tuesday afternoon. The remainder of...
The second week of December saw bitcoin sit pretty solidly in the 750s and 760s after last week’s high point of $777 — on trend for relatively stable (by cryptocurrency standards) growth upward since dipping down into the 550s this past summer. At the time...
At a time when the IRS is trying to find out the identities behind bitcoin users, the Pennsylvania Allegheny County District Attorney’s office revealed it had to use bitcoin to pay a ransom to get its data back. According to a report by Forbes, the ransom...
There are pivots and then there are wholesale about-faces. Circle’s choice to halt bitcoin trading in favor of doubling down on more traditional mobile pay certainly counts as a bit more of the latter than the former. Circle launched three years ago mostly as a consumer...
