Coin Swaps Taxable Under Current IRS Rules

Coin Swaps Taxable Under Current IRS Rules   Submitted by– Mario Costanz, CEO Happy Tax and CryptoTaxPrep.com Until recently, many cryptocurrency investors have largely ignored the IRS.  In 2015, the tax agency received only around 800 returns reporting cryptocurrency activity, despite the fact that Bitcoin ended the year with a market capitalization of over $3.2…

The First Blockchain ETFs Have Launched on the Nasdaq Exchange

The First Blockchain ETFs Have Launched on the Nasdaq Exchange   Reality Shares Advisors and Amplify Trust ETF launched the first blockchain-based exchange-traded funds (ETFs) on Nasdaq today. Both funds went live on Nasdaq’s exchange at 9:30 a.m. EST. Reality Shares’ Nasdaq NextGen Economy ETF (BLCN) opened at $24.20, while Amplify’s Transformational Data Sharing ETF…

Estonia Plans World First ‘Crypto Token’ Sale Despite EU Banking Warnings

Estonia Plans World First ‘Crypto Token’ Sale Despite EU Banking Warnings   Estonia has announced it plans to become the world’s first country to launch an ICO despite warnings from the European Central Bank (ECB). ESTONIA’S PATH TO ICO ‘HAVEN’ The small Baltic nation, which has already made strides in digital identity and Blockchain leverage, is now…

Investors ‘Risk’ Buying Bitcoin At High Prices: ECB Vice President

Investors ‘Risk’ Buying Bitcoin At High Prices: ECB Vice President The vice president of the European Central Bank (ECB) has said that investors are taking a ‘risk’ by buying bitcoin at its high price. Speaking to CNBC on Wednesday, Vitor Constancio, said: It’s a very particular asset, it’s a speculative asset by definition looking to the developments in…

US National Credit Union Administration Report: Cryptocurrencies May Present Both Risks and Opportunities

US National Credit Union Administration Report: Cryptocurrencies May Present Both Risks and Opportunities   The US federal agency that oversees the country’s credit union industry included a remark on the possible risks and benefits of cryptocurrencies in a newly-released strategy plan. Published yesterday, the 2018-2022 Draft Strategy Plan largely focuses on the economic trends that will shape…