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cryptocurrency news

19 Results / Page 2 of 3

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Business & Lifestyle

South Korea considering a crypto income tax of 20%

SEOUL (Heartland Newsfeed) -- Crypto holders living in South Korea may want to keep an eye out on recent actions being pursued by their government. A report released Monday from South Korean-based Yonhap News Agency revealed the country's Ministry of Economy and Finance's (SKMEF) tax office is reviewing a proposal that could result in the adoption of a cryptocurrency income tax, which could be as high as 20 percent. An unidentified official who spoke with Yonhap suggests that South Korea […]

todayJanuary 20, 2020 12

cryptocurrency IRS
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Business & Lifestyle

CONFIRMED: IRS trains staff on finding cryptocurrency wallets

WASHINGTON (CoinDesk) -- The U.S. Internal Revenue Service (IRS) may consider subpoenaing major tech companies like Apple, Google and Microsoft in search of taxpayers’ unreported cryptocurrency holdings. That’s according to a slide deck presentation from an IRS cyber training session, which details a number of ways the agency’s criminal investigators might find potential crypto tax cheats. “Issuance of a grand jury subpoena should be considered for Apple, Google and Microsoft for the subject’s complete application download history,” says the slide […]

todayJuly 13, 2019 28

Business News

The 21st Money Weekly Newsletter 11/9

  Crypto News, Analysis, Forecasts, ICOs, and Events for the week ending 11/9   Crypto News & Analysis   November is here and many are asking when will federally regulated cryptocurrency exchanges appear within the US. One of the key reasons the Securities and Exchange Commission gave for their denial of Bitcoin based Electronically Traded Funds (ETFs) was the fact that the underlying security or asset was not listed on a federally regulated exchange. ICE, The Intercontinental Exchange that owns […]

todayNovember 11, 2018 46

venezuela
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Business & Lifestyle

Venezuela testing Petro-based minimum wage hike

CARACAS, Venezuela (Heartland Newsfeed) -- Venezuelan dictator Nicolás Maduro announced that Venezuelans will be paid a minimum of 0.5 Petro (PTR) following the implementation of his monetary reforms this week. Considered to be a 60-time wage increase over the current minimum monthly salary of $1, the government-backed cryptocurrency will be able to be exchanged at the rate of $60 U.S. dollars (USD) with the new "sovereign bolivar" being tied into the digital coin. It is unclear on the reasoning for the […]

todayAugust 19, 2018 8

Business & Lifestyle

Bitcoin hits new market low as price trades below $6,000

(Heartland Newsfeed) -- Bitcoin prices sunk below $6,000 in market trading Friday, busting below an already established low for 2018. Based on an average of all major Bitcoin exchanges, the average price of Bitcoin sunk to $5,938.18 at 3:51 PM CDT, surpassing a prior market low of $5,947, which took place in early February. As of publication, prices have recovered to an average of nearly $6,138 since the new low was established, but it shows brief signs of relief as […]

todayJune 22, 2018 4

Business & Lifestyle

COMMENTARY: Major ad networks are wrongfully blocking crypto advertisers

Major ad networks have been taking drastic measures in recent months regarding advertising and promotion of cryptocurrencies and other related crypto programs. However, nothing is worse than Alphabet, aka Google, dictating that their AdSense and AdWords platforms will be banning all advertising related to cryptocurrency this month. What does this mean? Owners of crypto-related sites will no longer be able to monetize their content utilizing the AdSense platform or any ad network who partners with AdSense. We know how these […]

todayJune 8, 2018 12

Business & Lifestyle

McAfee announces bid for presidential race in 2020

LEXINGTON, Tenn. (Heartland Newsfeed) -- With much speculation about the 2020 presidential race, a former candidate has once again tossed his name in the ring for top elected office in the nation. Well-known cryptocurrency enthusiast and information security legend John McAfee, who started his race for the presidency in 2016 under the banner of the Cyber Party and ultimately, the Libertarian Party, announced Sunday afternoon in a tweet that he has decided to run again in 2020. He considered options […]

todayJune 4, 2018 12

Business & Lifestyle

COMMENTARY: Illinois legislature considering allowing tax bills to be paid with cryptocurrency

A recent topic of discussion in the Illinois House may become a point of discussion in next week's scheduled hearing of the House Revenue and Finance Committee, slated for 3:00 p.m. on Wednesday, April 11. What is this point of discussion, you ask? A proposed bill filed by Democratic state representative Michael Zalewski (also the chair of mentioned committee), House Bill 5335, may allow for the payment of tax bills with cryptocurrency, but there is much confusion from the vague […]

todayApril 5, 2018 11

Business & Lifestyle

Coinbase hit with two class-action lawsuits, one claiming insider trading

SAN FRANCISCO (Heartland Newsfeed) -- The popular cryptocurrency exchange Coinbase will be facing two new class-action lawsuits in Federal court, one of which accuses the exchange of insider trading. The first suit, filed Thursday, claims that Coinbase employees unfairly profited from the December listing of Bitcoin Cash (BCH), citing that the August spinoff from Bitcoin (BTC) and December 19 trading launch resulted in the price skyrocketing to nearly $1,000. Additionally cited that while this news was a surprise to everyone, […]

todayMarch 6, 2018 13

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