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Cryptocurrencies

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...

Bitcoin IRA Announces Interest-Earning Crypto Accounts

The idea of treating cryptocurrencies as an investment is certainly not new. Unfortunately, due to the volatile nature of most digital currencies, it can be difficult for investors to play the long game. Now Bitcoin IRA is looking to incentivize long-term crypto holders by allowing them to earn interest on...

Zuckerberg Heading Back to Capitol Hill to Talk Libra

Ever since Facebook initially announced plans for the cryptocurrency Libra, it's faced a seemingly endless wave of critiques and inquiries from regulators. Neverthless the company has remained resolute, saying it would continue to pursue its plans while working to assuage concerns. Now, as part of those efforts, it's been revealed...

SoFi Officially Rolls Out Crypto Trading with $25 Bitcoin Bonus Offer

Nearly a month after debuting cryptocurrency trading to select users, last week SoFi formally announced the new feature for their SoFi Invest platform. According to the company the addition makes SoFi Invest the only tool to offer "automated and active investing with stocks, ETFs, and crypto through a single app."...

France and Germany Move to Block Facebook's Libra

When Facebook first unveiled official plans for the cryptocurrency Libra, there was certainly excitement from some circles. Unfortunately regulators haven't been quite as thrilled, with many jurisdictions sharing their concerns and questions. Now two European countries are taking things one step further, announcing that they'll move to block the digital...

SoFi Invest Adds Support For Crypto Trading

To the surprise of just about no one, the cryptocurrency ride continues to be a bit wild in 2019. Just this week or so the price of Bitcoin managed to fall below the important $10,000 level only to rebound a few days later. Nevertheless the growing popularity of crypto has...