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Federal Judge Grants IRS Petition to Serve Broad Summons on Coinbase

UPDATE: November 30, 2016 On November 30, 2016, U.S. Magistrate Judge Jacqueline Scott Corley granted a petition by the IRS to serve a summons on Coinbase that seeks wide-ranging information concerning Coinbase customers, including their identities. Under the applicable procedure, neither Coinbase nor its customers could challenge the IRS’,s petition. , However, they can now seek to prevent enforcement of the ... Read More »

Avoid IRS Trouble by Reporting Bitcoin Cash

IRS guidance on the tax treatment of cryptocurrencies already exists. Right now, the IRS considers cryptocurrencies to be &ldquo,intangible assets.&rdquo, As a result, they are subject to capital asset treatment. However, latest developments complicate matters. On Aug. 1, Bitcoin split into two separate cryptocurrencies &ndash, Bitcoin and Bitcoin Cash. Read More »

Three Safe Ways to Securely Store Bitcoins – Coin Brief

Last updated on October 13th, 2017 at 12:05 am Storing bitcoins has become a major cause of concern. Moreover, when you store bitcoins in an online wallet, exchange, or in a HYIP(High Yield Investment Program), you never know what is going to happen to them. There have been many instances of so called crypto currency services that have vanished with ... Read More »

What are Bitcoin Blocks and Bitcoin Confirmations?

Last updated on March 18th, 2015 at Ten:43 am Let’s say I send you 1 Bitcoin. After a few minutes you see that this transaction has received one “confirmation”. What does this actually mean? The block chain is built out of “blocks”. Each fresh block is a set of fresh unique Bitcoin transactions that were recently made. Read More »

Bitcoin rival Ripple is sitting on many billions of dollars of XRP

Blockchain start-up Ripple is in a precarious position for a 5-year-old company. The business is still in its very early days but all of a sudden has billions of dollars worth of cryptocurrency on its balance sheet. Ripple, which built a digital payments network for real-time financial transactions, is also the creator and thickest possessor of Ripple XRP, a digital ... Read More »

Best Bitcoin referral programs to earn money online, MH Themes

Earn money with your WordPress website by promoting Bitcoin Once you embark blogging, you might eventually want to make money off the endeavor. And while general advertising is favored by many, there’s also lots of money to be made in the Bitcoin market. In fact, there are several companies (commonly in the technology sector) that serve out affiliate commissions in ... Read More »