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Don’t Forget About Taxes

10/31/2017 A lthough cryptocurrency is thought of as digital money by those who purchase, exchange, sell and spend it, the IRS does not consider any of the many cryptocurrencies as currency for tax purposes. Instead, the IRS considers cryptocurrencies as ‘intangible property’. Intangible property is something a corporation or person can have transferable ownership of, but is not physical in …

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Another Fork in the Road for Bitcoin?

09/28/2017 JitcoinJack Liao, CEO of Hong Kong mining firm Lightning ASCI is slated to launch a new bitcoin breakaway currency called bitcoin gold, with the cryptocurrency being open to exchanges on November 1. This new cryptocurrency takes aim at the large mining firms that dominate bitcoin and attempts to open up mining to a wider range of participants. If this …

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NEO Surges 30% to Top 10 Spot

09/27/2017 NNEO beat the crypto markets with a 30% surge in value on speculative news about a future collaboration between NEO and the Chinese government. China recently shutdown cryptocurrency exchanges in the country, but NEO founder Da Hongfei was quoted in an interview with the Dutch financial outlet Het Financieele Dagblad as saying, “I do not expect the government to …

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Will Bitcoin Hit $6K in October?

09/27/2017 Bitcoin is quickly rebounding from its dramatic price drop just a few weeks ago when China banned ICOs and shut down all cryptocurrency trading and exchanges, effectively closing the world’s second largest economy to cryptocurrencies. The price of Bitcoin plummeted from a high of just over $5,000 to just above $3,000 in a matter of days. However, since then …