Cryptocurrency

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

Source: en.wikipedia.org

IRS Backs Off Fortnite Gaming Currency As Reportable Income
IRS Backs Off Fortnite Gaming Currency As Reportable Income
February 14, 2020  |  Taxes

A section of the IRS website telling people that the online currency from the popular game Fortnite was subject to federal taxes has been removed as...

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Wells Fargo Invests $5M In Blockchain Analysis Startup Elliptic
Wells Fargo Invests $5M In Blockchain Analysis Startup Elliptic
February 13, 2020  |  Investments

Wells Fargo Strategic Capital (WFSC) is backing the London-based blockchain analysis firm Elliptic with a $5 million investment, bringing the startup’s Series B round to...

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Bitcoin Daily: Token Marketplace Buys Majority Of Australia Football Club; Circle Sells Crypto Investing App
Bitcoin Daily: Token Marketplace Buys Majority Of Australia Football Club; Circle Sells Crypto Investing App
February 13, 2020  |  Bitcoin

Circle Invest will be sold to Canada-based Voyager Digital by its current owner Circle Internet Financial, with Circle Invest gaining an equity stake in Voyager...

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Bitcoin Daily: JPMorgan May Merge Quorum With ConsenSys; New Canadian Stablecoin Aims At Cross-Border Payments
Bitcoin Daily: JPMorgan May Merge Quorum With ConsenSys; New Canadian Stablecoin Aims At Cross-Border Payments
February 12, 2020  |  Bitcoin

JPMorgan Chase’s marquee blockchain unit, Quorum, will merge with Brooklyn-based startup ConsenSys, according to sources familiar with the inner workings of the deal. The deal...

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Bitcoin Daily: Trump Plans To Expand Crypto Policing; Crypto Startup Asks For UK Bank License
Bitcoin Daily: Trump Plans To Expand Crypto Policing; Crypto Startup Asks For UK Bank License
February 11, 2020  |  Bitcoin

In the U.S., President Trump’s Fiscal Year 2021 budget, sitting at $4.8 trillion as of this week, proposes expanding the Treasury Department’s oversight of cryptocurrency....

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UK FinTech Seeks License To Bank Crypto Firms
UK FinTech Seeks License To Bank Crypto Firms
February 10, 2020  |  B2B Payments

London FinTech startup DAG Global is going after the first merchant bank license in the U.K. that serves cryptocurrency businesses, multiple reports indicated on Monday...

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Crypto Fraud Scores More Than $4B In 2019
Crypto Fraud Scores More Than $4B In 2019
February 09, 2020  |  Cryptocurrency

The cost of crimes involving bitcoin and cryptocurrency hit $4.3 billion in 2019, according to Chainalysis and The Wall Street Journal, which was a bigger...

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Bitcoin Daily: SEC Official Proposes 3-Year Grace Period For Crypto Projects; Blockchain Live Tracks Coronavirus Spread
Bitcoin Daily: SEC Official Proposes 3-Year Grace Period For Crypto Projects; Blockchain Live Tracks Coronavirus...
February 07, 2020  |  Bitcoin

SEC Commissioner Hester Peirce has proposed a three year “safe harbor” for digital token projects that would let them develop networks and build communities before...

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SEC Proposal Would Allow Token Sales Under Current Securities Laws
SEC Proposal Would Allow Token Sales Under Current Securities Laws
February 06, 2020  |  Regulation

Hester Peirce, a financial regulator at the U.S. Securities and Exchange Commission (SEC), said that tech startups may be able to raise money using digital...

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