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Cryptocurrencies

Are Taxpayers Properly Reporting Cryptocurrency Capital Gains?

Just like with more traditional investments, the Internal Revenue Service (IRS) considers profits made from buying and selling cryptocurrencies to be capital gains and they want to collect taxes on them. However it seems very few crypto buyers are actually reporting their gains.

Crypto Crackdown: Credit Cards Categorize Coins as "Cash Advances"

Credit card companies are now charging cash advance fees for purchases of cryptocurrencies on popular exchanges like Coinbase. It would seem that this change in policy could be the first step toward traditional banks and card issuers cutting off cryptocurrency transactions.

Cryptocurrency 101: What You Need to Know About Bitcoin

While there are legitimate concerns about the viability of Bitcoin and others, if nothing else these currencies should be viewed as a proof of concept for blockchain technology itself. In other words, don’t expect blockchain or cryptocurrencies to go down so easily. Instead, prepare for more disruption as a greater...