BitCoin Update


5 Members of Congress ‘Strongly Urge’ IRS to Update Bitcoin Tax Guidelines

5 Members of Congress ‘Strongly Urge’ IRS to Update Bitcoin Tax Guidelines

A group of U.S. legislators has asked the Internal Revenue Service (IRS) to provide updated guidelines on how taxpayers should report profits associated with investing in bitcoin and other cryptocurrency assets.
Mystery of the $2 Billion Bitcoin Whale That Fueled a Selloff

Mystery of the $2 Billion Bitcoin Whale That Fueled a Selloff

When Bitcoin plunged as much as 15 percent over two days last week, a theory emerged -- where else? -- on the Internet: a whale was on the move. Speculation mounted that a major holder of cryptocurrency with an electronic wallet that dated back to 2011 -- long before anyone had heard of HODL -- was moving to sell.
Ethereum crashes to a 16-month low

Ethereum crashes to a 16-month low

The cryptocurrency Ethereum crashed by over 8% on Wednesday, extending a slump for the asset and the wider market. Ethereum was down 8.6% to $169.12 just after 9:30 a.m. GMT (4:30 a.m. ET), a level not seen since May 2017, when Ethereum was enjoying its first price surge of the year.
Gemini and Paxos Both Launch Stablecoins on Ethereum Blockchain

Gemini and Paxos Both Launch Stablecoins on Ethereum Blockchain

Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U.S. dollar.  New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD).
Coinbase plots to become the New York Stock Exchange of crypto securities

Coinbase plots to become the New York Stock Exchange of crypto securities

The future of Coinbase  looks something like the New York Stock Exchange. That’s according a vision laid out by CEO Brian Amstrong who was interviewed on stage at TechCrunch Disrupt in San Franciscotoday.
Bitmain’s AntPool Activates Controversial AsicBoost for Faster Bitcoin Mining

Bitmain’s AntPool Activates Controversial AsicBoost for Faster Bitcoin Mining

Bitmain’s mining pool, AntPool, has supposedly activated one of their controversial methods of mining Bitcoin more efficiently, called AsicBoost. The controversial Bitcoin mining “hack” supposedly increases mining efficiency by up to 20% and is controversial because many developers claim that its use damages the Bitcoin network.
Bitcoin sheds almost $1,000 in 24 hours

Bitcoin sheds almost $1,000 in 24 hours

The sharp sell-off that gripped cryptocurrency markets on Wednesday has extended into a second day, with major digital assets across the spectrum continuing to fall during trading on Thursday.
Cointopia raises $3 million for marketplace for blockchain companies and services

Cointopia raises $3 million for marketplace for blockchain companies and services

Cointopia announced it has raised $3 million and is opening its marketplace connecting blockchain companies with top-tier service providers. That means that if you’re starting a blockchain startup or are a big company looking for blockchain services, the Cointopia Marketplace is there for you.
CBOE to Launch Ethereum Futures Trading Later This Year

CBOE to Launch Ethereum Futures Trading Later This Year

CBOE Global Markets, the owner of the Chicago Board Options Exchange (CBOE) and one of the world's largest exchange holding companies, is looking to launch futures for Ethereum (ETH), Business Insider reported August 30.
Prominent Analyst: Bitcoin is Significantly Healthier in 2018 Than 2014, Optimistic

Prominent Analyst: Bitcoin is Significantly Healthier in 2018 Than 2014, Optimistic

Willy Woo, a cryptocurrency researcher and respected investor, has said that the 2018 Bitcoin correction will not turn out to be like the 2014 slump, when the price of Bitcoin dropped 90 percent and remained in a low price range for several years.


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