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IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

A preview of the new Form 1099-DA, a tax form that will be used by cryptocurrency brokers to record transactions involving digital assets, has been made available by the Internal Revenue Service (IRS) of the United States of America. As part of the continuous efforts of the Internal Revenue Service (IRS) to enhance compliance and … Continue reading IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

Binance Executive Nadeem Arjarwalla Traced to Kenya After Escape from Nigerian Custody

Nadeem Arjarwalla, a senior official of Binance, escaped from detention in Nigeria, and the Nigerian authorities was able to track him down in Kenya . Arjarwalla is charged with participating in operations that caused major disruptions in the Nigerian naira exchange rate market . Arjarwalla’s cover was exposed after he arrived in Kenya, and the … Continue reading Binance Executive Nadeem Arjarwalla Traced to Kenya After Escape from Nigerian Custody

How Do Hackers Use Excel Files to Compromise Your Computers?

Following the article titled “Beware of Excel Files in Email Attachment, Says Symantec”, some of our readers are curious about how hackers use excel files to compromise user’s computers. Below is a simple tutorial for you. We do not recommend users to open excel (especially excel files among other office format files) from an unknown … Continue reading How Do Hackers Use Excel Files to Compromise Your Computers?

What are the 7 Key Takeaways from Facebook's Libra Hearings?

The debate on Facebook’s Libra continues with the hearing with the Senate Banking Committee (“Senate hearing”) on 16 July and the United States House Committee of Financial Services (“House hearing”) on 17 July. Here are the 7 key takeaways from the two hearings. Libra is centralized Regulators believed that the composition of the Libra Association … Continue reading What are the 7 Key Takeaways from Facebook's Libra Hearings?

Barred from Leaving China? Tron Founder Justin Sun Surfaces in San Francisco

After bidding a record $4.57 million for lunch with Warren Buffet, Justin Sun – the founder of Tron Foundation announced on Tuesday on his Weibo social media platform that he had to cancel the charity lunch, which was originally set for Thursday in San Francisco. Justin has been a well-known entrepreneur in China’s cryptocurrency community, … Continue reading Barred from Leaving China? Tron Founder Justin Sun Surfaces in San Francisco

IRS Sends Warning Letters to Prevent Crypto Owners from Evading Tax

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Miss Finland: Most Women Stay Away From Bitcoin Because of Its Risk

One of cryptocurrency’s strongest female supporters states that women tend to stay away from Bitcoin due to its high-risk level, hence its low popularity among women. Miss Universe Finland 2015 winner, Rosa-Maria Ryyti, had argued that Bitcoin’s risk factor has made it more appealing to men, in a twitter discussion on September 5th. Her statement … Continue reading Miss Finland: Most Women Stay Away From Bitcoin Because of Its Risk

Breaking: London Stock Exchange Rejects £32B Takeover Offer from HKEX

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE 13 September 2019 Rejection of Conditional Proposal from HKEX Further … Continue reading Breaking: London Stock Exchange Rejects £32B Takeover Offer from HKEX

VanEck, SolidX Bitcoin ETF Proposal Withdrawn by CBOE from SEC Review

On September 17, the US Securities and Exchange Commission (SEC) officially announced that the Chicago Board Options Exchange’s (CBOE) Equity Exchange had withdrawn its application for the VanEck/SolidX bitcoin ETF proposal on September 13. There was no reason given in the notice published by the SEC, although the decision to withdraw the proposal came a few weeks … Continue reading VanEck, SolidX Bitcoin ETF Proposal Withdrawn by CBOE from SEC Review

Coinbase Secures an E-Money License From the Central Bank of Ireland

US-based cryptocurrency exchange, Coinbase, has just been granted an e-money license in Ireland by the Central Bank of Ireland as it continues its expansion into Europe. This marks Coinbase as one of the few companies who have been able to obtain such a license and thus serve as Coinbase’s second landmark achievements in its European … Continue reading Coinbase Secures an E-Money License From the Central Bank of Ireland

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