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Showing posts with the label April 09

Nvidia stock gains after Morgan Stanley says cryptocurrency weakness offers buying opportunity

Nvidia Corp. NVDA, +0.54% shares gained in after-hours trading Monday following a Morgan Stanley upgrade that suggests investors buy the stock amid concerns about a decline in cryptocurrency -mining revenue. In a note released after the bell Monday, Morgan Stanley analysts upgraded the stock to ... from Google Alert - cryptocurrency https://ift.tt/2ICNalS via IFTTT https://ift.tt/eA8V8J

Bartering community Bunz faces questions about ethos with cryptocurrency plan

TORONTO _ Bunz, the Canadian online bartering community known for promoting a cash-free economy, is not abandoning its ethos with plans to launch its own cryptocurrency , company CEO Sascha Mojtahedi said Monday in the wake of some user revolt. Founded in Toronto in 2013 by Emily Bitze, ... from Google Alert - cryptocurrency https://ift.tt/2HfeEB0 via IFTTT https://ift.tt/eA8V8J

Online marketplace Bunz is launching its own cryptocurrency

Bunz Inc., the popular, millennial-focused online marketplace that has built a cult-like following on its mantra to not use any form of money in the exchange of goods, is in fact launching its own cryptocurrency , BTZ — short for Bunz Trading Zone and pronounced “bits”. Each Bunz member — and there are ... from Google Alert - cryptocurrency https://ift.tt/2IJEudQ via IFTTT https://ift.tt/eA8V8J

Indian Pressure on Cryptocurrency Market Backfires

A less politically correct approach was given by an Indian cryptocurrency exchange professional who chose to stay anonymous: “This isn't really a big surprise, but it is definitely stupid. The government has been after us, and the bank guys have been after us. They're doing all the fraud in the world, but ... from Google Alert - cryptocurrency https://ift.tt/2Jz1QE4 via IFTTT https://ift.tt/eA8V8J

Cryptocurrency Exchange Urdubit Shuts Down After Announcement From Pakistani Central Bank

On Friday, the State Bank of Pakistan prohibited regulated entities from facilitating cryptocurrency -related transactions. Within hours, Urdubit announced its closure. On April 6, 2018, Muhammad Akhtar Javed, director of the State Bank of Pakistan (SBP), issued a circular entitled "Prohibition of Dealing in ... from Google Alert - cryptocurrency https://ift.tt/2IHfrYT via IFTTT https://ift.tt/eA8V8J

Cryptocurrency Subject To Income, Capital Gains Taxes In South Africa

This is just the latest in a string of countries that are establishing cryptocurrency reporting requirements. Thailand's SEC recently announced that trades in crypto would be subject to 15 percent CGT and seven percent VAT, while Australia passed a bill that would eliminate double taxation of digital ... from Google Alert - cryptocurrency https://ift.tt/2uYRutM via IFTTT https://ift.tt/eA8V8J

Leading US cryptocurrency marketplace Coinbase steps up efforts to expand business

The San Francisco-based cryptocurrency marketplace has made a series of announcements that pave the way towards supporting new crypto-assets, while reportedly stepping up its efforts to work with regulators. Coinbase has met with the Securities and Exchange Commission to discuss registering as ... from Google Alert - cryptocurrency https://ift.tt/2IFZMsK via IFTTT https://ift.tt/eA8V8J

Nano Team Target of Cryptocurrency Class Action Lawsuit

In February 2018, the Italian cryptocurrency exchange BitGrail lost $170 million worth of the Nano currency “XRB” due to a “hack” which has now led to a class action lawsuit represented by the Silver Miller law firm. The firm bills itself as a cryptocurrency investor law firm and currently has actions pending ... from Google Alert - cryptocurrency https://ift.tt/2HaT8gO via IFTTT https://ift.tt/eA8V8J

The Investor's Guide to Cryptocurrency Taxes

The April 17th tax deadline is fast approaching. The following guide contains instructions on calculating taxes on your cryptocurrency investments. Cryptocurrencies outperformed nearly every other traditional asset. Since the beginning of the year, the value of cryptocurrencies increased by an average of ... from Google Alert - cryptocurrency https://ift.tt/2uYxOGC via IFTTT https://ift.tt/eA8V8J

China's State 'Cryptocurrency' to Feature Negative Interest Rates

Over the weekend, signs of positive sentiment have entered the cryptocurrency market, with Bitcoin potentially having found its footing and many altcoins surging with confidence. However, news out of China is aiming to rain on the parade — as the People's Bank of China looks to crack down further on ... from Google Alert - cryptocurrency https://ift.tt/2HmbNny via IFTTT https://ift.tt/eA8V8J

Venezuela “May” Charge for Exports in Oil-Backed Cryptocurrency Petro

Venezuelan leader Nicolás Maduro has revealed that the country's state-owned companies may start charging for exports in the country's oil-backed cryptocurrency , the Petro (PTR). According to the country's Cuatro F newspaper, even real estate is set to be purchasable with the cryptocurrency . from Google Alert - cryptocurrency https://ift.tt/2uY8z7p via IFTTT https://ift.tt/eA8V8J

Declare Cryptocurrency Gains or Losses, South Africa Tells Taxpayers

South Africa's tax agency has told taxpayers that cryptocurrency -related income will fall under normal tax rules and may also be liable for capital gains tax. The South African Revenue Service (SARS) has reminded taxpayers that the onus is entirely on them to declare cryptocurrency gains or losses as ... from Google Alert - cryptocurrency https://ift.tt/2qotknh via IFTTT https://ift.tt/eA8V8J

Op Ed: Tulip Myths and Modern Cryptocurrency Skepticism

On one side are the supporters of cryptocurrency . Their motivations can be boiled down to two points: desire for profits and a belief that the technology will benefit humanity. They believe that bubbles are a natural phenomenon in price discovery and an inevitable part of the long-term upward trend in ... from Google Alert - cryptocurrency https://ift.tt/2GKGFRI via IFTTT https://ift.tt/eA8V8J

Reddit's calls to “HODL” cryptocurrency: do they work?

Since Bitcoin lost roughly 60 percent of its value back at the beginning of February — dipping down to around $8,000 following December's record high of $19,000 — Reddit's various cryptocurrency subs have become a wonderful mess of schadenfreude-esque pain and suffering. From r/bitcoin to ... from Google Alert - cryptocurrency https://ift.tt/2qi2e0U via IFTTT https://ift.tt/eA8V8J

TokenMarket Win Prestigious 'Best ICO Advisory Award' at Cryptocurrency World Expo 2018

TokenMarket, an industry leading ICO advisory service recently awarded 'The Best ICO Advisor' at Cryptocurrency World Expo Berlin Summit 2018. The firm stood out in the category which featured notable nominees including; Argon Group, Element Group and Bitcoin Suisse AG. The Berlin Summit was ... from Google Alert - cryptocurrency https://ift.tt/2qhw2LJ via IFTTT https://ift.tt/eA8V8J

How cryptocurrency investors could find themselves behind bars

But there is some uncertainty among tax professionals about whether cryptocurrency investors who buy off foreign exchanges need to go through these additional foreign account reporting measures. "There probably is an FBAR requirement, but I wouldn't go as far as to say there always is one," said ... from Google Alert - cryptocurrency https://ift.tt/2GLsoUX via IFTTT https://ift.tt/eA8V8J

Cryptocurrency startups bypass Facebook ad ban with sly marketing tricks

As part of its larger efforts to clean up its act, a couple of months back Facebook announced it will no longer allow ads promoting crypto-products and initial coin offerings (ICOs) on its platforms. But it seems that sly marketers have already worked out how to slip cryptocurrency ads past the filtering system ... from Google Alert - cryptocurrency https://ift.tt/2qkAqsC via IFTTT https://ift.tt/eA8V8J

Winklevosses' Gemini to Offer Cryptocurrency Block Trading

Cryptocurrency markets like Gemini, which typically use order-book trading, are joining equity and futures markets in offering blocks. Until recently, block trades have only been possible over the counter, through market makers or investors willing to take the risk of dealing outside an exchange. from Google Alert - cryptocurrency https://ift.tt/2GK5NrI via IFTTT https://ift.tt/eA8V8J

What Is an ASIC Miner and Is It the Future of Cryptocurrency?

If cryptocurrency is disrupting finance, then powerful computer chips known as ASICs are disrupting cryptocurrency . Their mere existence turned securing the Bitcoin blockchain, which in the network's early days could be done at home by average users, into a massive industry that eats up unholy ... from Google Alert - cryptocurrency https://ift.tt/2qiXvvT via IFTTT https://ift.tt/eA8V8J