Day: April 11, 2019

US Reps Urge IRS to Clarify Reporting of Crypto Taxes Ahead of April 15 Deadline

Members of the United States Congress sent a joint request to the Internal Revenue Service (IRS) to provide clarity on reporting crypto taxes, according to an announcement on April 11. 21 different representatives sent a bipartisan letter to the U.S. tax authority requesting guidance on how to report virtual currency […]

Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Bears loom as market correction forces hit market

The cryptocurrency market’s rollercoaster movement resumed again, with coin prices becoming more and more volatile. Cryptocurrencies like Bitcoin [BTC] and Ethereum [ETH] enjoyed a decent bullish run last week. However, XRP, the third largest cryptocurrency on CoinMarketCap, suffered an opposite fate. XRP’s competitor, Stellar Lumens [XLM], which is gunning for […]

Now You Can Use Qtum to Trade on Global Markets

Qtum, an open source public blockchain platform for decentralized applications and smart contracts, announced today that its native cryptocurrency, QTUM, can now be used to invest in traditional markets on mobile trading app Quantfury. The partnership is designed to help Qtum’s Asian user base, which has typically been unable to […]

Crypto Exchange Bithumb Posts $180 Million Loss for 2018

Bithumb, South Korea’s largest cryptocurrency exchange, has posted a net loss of 205.5 billion won ($180 million) for 2018. CoinDesk Korea reported the news on Thursday, saying that the loss was mainly due to a sharp decline in the cryptocurrency market last year, though the company’s operator BTCKorea also cited […]