Op Ed: Cryptocurrency Capital Gains Taxes — Breaking Down the Problem Capital gains on crypto transactions are easy to track, one at a time. What about when there are thousands? Cryptocurrency capital gains taxes are becoming a point of interest for governments. In 2017, which will likely come to be known as the year crypto
An Australian Blockchain Experiment: Tracking Global Almond Shipments Following a successful 2016 trial of blockchain technology in an interbank open account transaction, the Commonwealth Bank of Australia (CBA) has partnered with five international and Australian companies to ship 17 tonnes of almonds from Melbourne, Australia, to Hamburg, Germany, using a new distributed ledger platform built
Chamber of Digital Commerce Sets Out ICO and Token Guidelines The Chamber of Digital Commerce’s Token Alliance is producing a new group of guidelines built to help the cryptocurrency and initial coin offering (ICO) markets grow responsibly. Released today as a whitepaper, the report is entitled “Understanding Digital Tokens: Market Overviews & Guidelines for Policymakers
Bitcoin Magazine’s Week in Review: ETFs and Expansions ETF’s are back in the news this week with the Winklevoss twins of Gemini getting rejected again, while investment firm Direxion was delayed till September on a final decision. Crypto continues to make inroads into the financially impoverished nation of Venezuela, with Dash now becoming more popular
Lyn Ulbricht and the Effort to Free Ross: Looking at “the End of the Road” The darknet site founded by Ross Ulbricht, Silk Road, has been offline for years now. But the legal questions behind his conviction and subsequent sentencing to life in prison without the possibility of parole in 2015, remain fresh, raw and
Cease and Desist Order Against Genesis Mining Now Withdrawn After five long months of working with South Carolina officials, Genesis Mining has been dropped from the cease and desist order it received back in March 2018 from the South Carolina Securities Division. The company will relaunch to U.S.-based customers shortly. This marks one of the
Google Play Store Removes Mining Apps from Offerings Google just nixed any app that mines cryptocurrencies from its Play Store. With a recent update to the store’s policies, the tech monolith rewrote its stance on cryptocurrency apps. We don’t allow apps that mine cryptocurrency on devices. We permit apps that remotely manage the mining of
Canadian Cryptocurrency Miner to Install 85-Megawatt Power Substation DMG Blockchain Solutions Inc., a diversified blockchain company, is in the process of installing an 85-megawatt transformer and electric substation for the company’s cryptocurrency mining facility, according to a company statement. The new substation is commissioned to be operational by September 2018, with 60 megawatts available for energizing mining
Bitcoin Price Analysis: Sign of Strength Shows Continued Buyer Interest At the time of this article, the news from the Winklevoss ETF being denied by the SEC is still fresh and it is unclear what impact it may have on the overall macro trend of the market. Prior to the ETF ruling, the bulls continued
Winklevoss Bitcoin ETF Proposal Denied by U.S. SEC The United States Securities and Exchange Commission (SEC) has rejected the Winklevosses’ latest attempt to list a bitcoin ETF. After having a proposal rejected last year, the Gemini exchange founders had hoped to secure their Winklevoss Bitcoin Trust on BATS Global Market’s BZX stock exchange with this latest
