Crypto Currency

Despite Trump’s anti-crypto tweets, the IRS wants its cut of virtual currency profits

Cryptocurrency might be a challenge to the primacy of the U.S. dollar, but that’s not stopping the Internal Revenue Service from wanting a piece of the action. The IRS announced Friday that it was sending letters to 10,000 cryptocurrency holders informing them that they needed to report, and pay taxes on, their crypto transactions and…


Cryptocurrency might be a challenge to the primacy of the U.S. dollar, but that’s not stopping the Internal Revenue Service from wanting a piece of the action.

The IRS announced Friday that it was sending letters to 10,000 cryptocurrency holders informing them that they needed to report, and pay taxes on, their crypto transactions and capital gains.

“Taxpayers should take these letters very seriously by reviewing their tax filings and when appropriate, amend past returns and pay back taxes, interest and penalties,” Chuck Rettig, IRS Commissioner, said in a statement. “The IRS is expanding our efforts involving virtual currency, including increased use of data analytics. We are focused on enforcing the law and helping taxpayers fully understand and meet their obligations.”

The letters don’t mean that the government is recognizing Bitcoin or other virtual currencies as a form of money. Rather, people are making money buying and selling cryptocurrency as a commodity. And if people are making money by trading and acquiring something — even a virtual something — the

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Crypto Currency

Nasdaq FOMO Meets Crypto: This Bitcoin ‘IPO’ Could Break the Stock Market

Cryptocurrency exchange Coinbase is gearing up for a public listing.Bitcoin fear of missing out (FOMO) is set to collide with a tech bubble on Wall Street.Sorry Tesla, did t…

  • Cryptocurrency exchange Coinbase is gearing up for a public listing.
  • Bitcoin fear of missing out (FOMO) is set to collide with a tech bubble on Wall Street.
  • Sorry Tesla, did t…
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Crypto Currency

Coinbase reportedly prepping to go public, and the good times are back!

Coinbase is getting ready to “moon.”  According to Reuters, the San Francisco-based cryptocurrency exchange is secretly preparing to go public, possibly as early as this year. This would mark the first time a U.S. exchange of this size and importance has done so, and suggests that Coinbase believes the good times are back. The exchange,…

Coinbase is getting ready to “moon.” 

According to Reuters, the San Francisco-based cryptocurrency exchange is secretly preparing to go public, possibly as early as this year. This would mark the first time a U.S. exchange of this size and importance has done so, and suggests that Coinbase believes the good times are back.

The exchange, which was valued at $8 billion in 2018, provides a government-friendly way for people to buy, sell, and HODL (i.e., not sell, spend, or trade) cryptocurrencies like bitcoin, bitcoin cash, and ethereum. Offering a mobile app, and a debit card that works with Apple Pay, the exchange has positioned itself as the go-to spot for people looking to get into the often confusing and scam-filled world of cryptocurrency. 

We reached out to Coinbase in an attempt to confirm Reuters’ report, but received

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Crypto Currency

Learn how to invest in cryptocurrencies with this set of online classes

TL;DR: The Complete Cryptocurrency Investment bundle is on sale for £19.21 as of June 25, saving you 94% on list price. If we’re to believe every plot point from the movie The Social Network, Mark Zuckerberg allegedly stole the idea for Facebook from the Winklevoss twins and went on to become one of the youngest…

TL;DR: The Complete Cryptocurrency Investment bundle is on sale for £19.21 as of June 25, saving you 94% on list price.


If we’re to believe every plot point from the movie The Social Network, Mark Zuckerberg allegedly stole the idea for Facebook from the Winklevoss twins and went on to become one of the youngest billionaires ever. 

Things ended up working out for the Winklevoss brothers, though. They received a $65 million settlement and competed in the 2008 Beijing Olympics, but they still weren’t a member of the prestigious billionaire club. That changed when they finally became billionaires thanks to Bitcoin. 

For the uninitiated, Bitcoin is a digital payment system and cryptocurrency that’s not tied to any country or bank. Bitcoin sometimes gets a bad rap for being associated with criminals and the dark web, but there are many advantages to using a decentralised system.

Even if you don’t have a $65 million to invest, you can still learn how to make mone

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Crypto Currency

Forget PS5: A Fake Spoof Console is Embarrassing the Xbox Series X

KFC Gamings reveal of a new, next-generation console generates more views on social media than the Xbox Series X.The console reveal, a joke response to the PS5 reveal event, has doub…

  • KFC Gamings reveal of a new, next-generation console generates more views on social media than the Xbox Series X.
  • The console reveal, a joke response to the PS5 reveal event, has doub…
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