Posted in Cryptocurrency

Decentralized Finance (DeFi) Grew To $668 Million In 2019, How Will Taxes Be Calculated?

2019’s decentralized finance (DeFi) boom that has led to more than $785 million being locked in crypto assets is giving…

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Posted in Cryptocurrency

South Korean Exchange Bithumb To Fight NTS In Court Over $69M Tax Bill

South Korean based exchange, Bithumb, set to go to court to challenge NFT’s latest $69 million USD tax imposition. The…

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Posted in Cryptocurrency

Thailand FinTech Startup, Lightnet, Secures $31.2 Million to Scale Stellar Development

A Blockchain oriented startup dubbed ‘Lightnet’ has secured $31.2 million in Series A funding for scaling its network. The Thailand…

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Posted in Cryptocurrency

The Plot Thickens as Craig Wright Brings Tulip Trust III Into the Picture, BSV Jumps 30%

The lawsuit by the estate of self-proclaimed Craig S. Wright’s late partner for half for 1.1 million BTC is seeing…

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Posted in Cryptocurrency

COSS Crypto Exchange Shuts Down For 4 Weeks While Holding User Funds, Without Warning Traders

The Singapore-based crypto exchange COSS has announced that it’s locking down $2 million of about 200,000 customers’ funds for a…

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Posted in Cryptocurrency

John McAfee Shilling Monero Has XMR Price Flying, But Says XRP Is Not The Future

McAfee stabs BTC in the back, says $1 million price prediction was just a “ruse” Riccardo Spagni says, “John has…

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Posted in Altcoin News Crypto News

TaxBit Raises $5M to Help U.S. Crypto Traders Comply With Tax Regulations – Coinfomania

Utah tech startup, TaxBit, has announced that it has raised $5 million in its latest seed funding round to improve…

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Posted in Cryptocurrency

XRP Welcomes 2020 with a Green Candle And by Unlocking 1.2 Billion from Escrow Account

A total of $230 million unlocked from Ripple’s escrow wallet XRP up over 2% on the first day of 2020…

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Posted in Cryptocurrency

TRX Bagholders Must Get Ready For More Fireworks As Tron Supply To Shoot Up On New Year’s Eve

33 billion TRX worth $450 million to be released in the market on January 1st, 2020 This 50% of TRX…

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Posted in Cryptocurrency

Korean Government Brings the Hammer Down on Bithumb, Taxing The Crypto Exchange $68 Million

Bithumb has been hit with an additional tax of 80 billion won ($63 million) by the IRS The tax was…

Continue Reading... Korean Government Brings the Hammer Down on Bithumb, Taxing The Crypto Exchange $68 Million