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Crypto.com Partnering with Three Crypto Tax Providers

Just because Tax Day has officially been moved to July 15th doesn't mean that individuals don't need to be thinking about their 2019 returns. Moreover, with the Internal Revenue Service (IRS) taking an enhanced interest in cryptocurrency capital gains in recent months, it would behoove crypto holders to make sure...

ZenGo Introduces Interest-Earning Crypto Account Product

Even if the general public still associates all cryptocurrencies solely with Bitcoin, the space has been expanding and evolving in recent months. This includes the entry of offerings that give consumers new ways to invest in and benefit from crypto. Take, for example, efforts from ZenGo. As TechCrunch reports, the...

Shopify Joins Facebook-Led Libra Association

It's been a while since Facebook's Libra has been in the news — and, following the last round of headlines it did garner, you'd be forgiven if you assumed the project was dead. However the cryptocurrency effort managed to get a bit of a boost last week. As TechCrunch reports,...

Bitcoin.com Introduces Coin-Creation Tool Called "Mint"

In 2017 — when Bitcoin broke-out, reaching a record of near $20,000 per coin — cryptocurrency suddenly became a phrase that even everyday Americans were at least somewhat familiar with. Of course the majority are likely only aware of Bitcoin itself and not any of the other multitude of tokens...

Bitcoin IRA Reaches $400 Million in Crypto Transactions

A company facilitating the ability to invest in cryptocurrencies via a retirement account has just reached a monetary milestone. Launched in 2016, Bitcoin IRA announced this week that it had surpassed $400 million in cryptocurrency transactions. The accomplishment also comes a year after their 24-hour-a-day self-trading crypto platform launched. News of...

Chainalysis Suggests $2.8 Billion in Bitcoin Was Laundered Last Year

For as much mainstream success and acceptance as Bitcoin and other cryptocurrencies have enjoyed in recent years, there are still those who remain skeptical of digital currency. In addition to those who criticize crypto for not having any "real value," regulators have repeatedly pointed to the ability to "launder" funds...

Crypto Tax Compliance Tool TaxBit Raises $5 Million

Of all the regulatory issues that cryptocurrencies have presented, perhaps the most tangible involves taxes. Ever since the great Bitcoin boom of 2017, the Internal Revenue Service (IRS) and tax professionals across the country have attempted to get the word out about properly reporting crypto gains — while likely trying...

New York State Permits SoFi to Sell Cryptocurrencies

Empire State residents will now have another option for trading cryptocurrencies. This week the New York State Department of Financial Services approved FinTech lender turned jack-of-all-trades SoFi for a BitLicense. The move means that users in the state will now be able to buy and sell crypto on the SoFi...