Cointelligence Blog

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.

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.”

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.

The company currently responsible for settling the majority of US securities is planning to move their flagship blockchain project out of its testing phase.

Most tech crazes have adopted a "live fast, die young" mentality. With the decline of ICOs, we ask what is to follow.

The price of bitcoin has reached a record-breaking high of $6,000 USD across multiple global exchanges, with a current 24-hour volume of $1.7 billion. From Japan and the US, to countries like Zimbabwe and Venezuela where BTC is used to escape hyperinflation, proponents all over the world are thrilled.

The second hard fork of Bitcoin’s history, Bitcoin Gold, is scheduled to take place on October 25th, while another Bitcoin hard fork, SegWit2x, will occur in November.

In addition to China being the manufacturer of most of the cryptocurrency mining equipment, it is also the country where more than half of the total bitcoin miners are based. However, with China’s recent ban on ICOs, it is feared that the ban may be intensified to target the Chinese miners as well.