Bitcoin hard forks may imply tax complications
IRS agent David Utzke declared that the number of individuals who bother to report the capital gains from cryptocurrencies have been decreasing. Whatever the case may be, government ambiguity has made one-for-one forks and splits excessively complicated. It has become crucial for Bitcoiners to seek out professional tax advice.
Russia launching its own cryptocurrency – “CryptoRuble”
Minister of Communications Nikolay Nikiforov broke the news and stated: “I confidently declare that we will run CryptoRuble just for one simple reason: if we don’t, our neighbors in the Eurasian Economic Community will do it in a couple of months.”
Veritaseum ICO loses millions after getting hacked
Cryptocurrencies, and especially ICOs, have been under increased scrutiny as of late. The ICO business model allows for users to raise millions within hours, without needing to go through official channels. While this is great for startups, it has encouraged an environment of distrust and fraud.
New Blockchain project to support $11 trillion of credit derivatives
The company currently responsible for settling the majority of US securities is planning to move their flagship blockchain project out of its testing phase.
The next craze is coming and will be over before you know it
Most tech crazes have adopted a “live fast, die young” mentality. With the decline of ICOs, we ask what is to follow.
