News

January 3, 2020

Charities Must Report Crypto Donations, IRS Says

said in recent guidance on cryptocurrencies. Tax-exempt organizations that receive cryptocurrency-based donations should consider them noncash contributions and report them to the IRS on Form 990, the agency said Dec. 26 in an update to a set of FAQs on virtual currencies. In some instances, charities are also required to acknowledge receipt of virtual-currency-based donations, […]

January 3, 2020

Mining Giant Bitmain May Lay Off Another 50% of Staff Before BTC Halving

Cryptocurrency mining giant Bitmain reportedly has plans to reduce its workforce by another fifty percent. On Dec. 2, Chinese news media outlet Wushuo Blockchain reported that Bitcoin ( BTC ) mining rig maker Bitmain has launched a “personnel optimization plan” that will layoff a significant portion of its employees before the next BTC halving, which […]

January 3, 2020

Crypto exchange Poloniex denies data leak after resetting passwords for some users

Poloniex said Thursday that account information circulating on social media did not originate from the cryptocurrency exchange. On Monday, Poloniex contacted some of its users after a tweet circulated featuring a list of email addresses and passwords and claiming that the information could be used to log into Poloniex accounts. In response, the exchange emailed […]

January 3, 2020

Real Democracy Requires a Separation of Money and State

Bitcoin (stock photo from http://maxpixel.freegreatpicture.com, CC0 license) As we enter a new year, the running battle between the world’s governments and the world-changing technology known as “cryptocurrency” continues. As 2019 drew to an end, Swiss president Ueli Maurer asserted that Facebook’s digital currency (not a real cryptocurrency), Libra, has failed “because central banks will not […]

January 3, 2020

Carlos Ghosn Flirted With Hollywood, Then Delivered a Plot Twist

Takaaki Iwabu/Bloomberg TOKYO — Carlos Ghosn, the fallen head of the Nissan-Renault auto alliance, didn’t know much about making movies, but he seemed willing to learn. Sitting in his rented home in a tony Tokyo neighborhood one day in December, he walked John Lesher, a Hollywood producer behind the Oscar-winning 2014 Michael Keaton film, “Birdman,” […]

January 3, 2020

River Financial Wants to Be the Bitcoiner’s Charles Schwab

Ever since he read the Denationalization of Money by Friedrich Hayek in college, Alex Leishman, the co-founder and CEO of River Financial , had been on the search for an alternative currency. The aerospace engineer major turned amateur Austrian economist wanted to build a financial institution around this yet-to-be-found, nongovernment-issued money. Leishman thought the banking-free […]

January 3, 2020

Bitcoin Price Falls Below $7K But Bears Yet to Break Key Support Level

Today, Bitcoin ( BTC ) price abruptly dropped below the $7,100 support, declining 3.35% to rest near $6,900. For the past few days, Bitcoin price traded between $7,300 and $7,100, testing the $7,100 and $7,050 support multiple times. Therefore, for many traders, it was no surprise when the price fell below $7,100 as frequent retests […]

January 3, 2020

7 Big Bitcoin and Cryptocurrency Predictions for 2020

From outrageous price predictions to the future of altcoins, crypto analysts and industry leaders are placing their bets on the fate of digital assets in 2020. Here are seven forecasts predicting some major shifts in the year ahead. 1. Twelve months ago, Bob Loukas, a Bitcoin trader and analyst, accurately predicted what the price of […]

January 3, 2020

Litecoin’s Charlie Lee: Average person should own 10% of wealth in Bitcoin

Over the past decade, Bitcoin has achieved a lot many things, with the price of the cryptocurrency being the highlight of it all for people in the cryptocurrency space and outside. With the near-$20,000 bull run still fresh in the minds of several people, one of the questions that usually pops up time and again […]

January 3, 2020

Bitcoin Starts 2o20 With A Whimper As Crypto Markets Suddenly Dive

Many have said the 2020s will be the decade of bitcoin and cryptocurrencies but a few days into the new year and the bears are still in control . The bitcoin price has been on a steep downward trend over the last six-months with bitcoin today dropping under the psychological $7,000 mark to trade as […]