Today is tax day, the deadline for all Americans to file their tax returns. And recent chatter about cryptocurrencies has been full of mentions about paying taxes on cryptocurrencies. For the first time, people are beginning to think seriously about whether or not they owe taxes on their cryptocurrency holdings. A recent post at CoinDesk […]
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A new legislative provision making its way through Congress highlights just how little most Congressmen know about financial and banking stability. The changes that Congress wants to make are being touted as beneficial to small banks, but they could end up making the banking system much less stable and lead to more bank failures in […]
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In a move that could have implications for the future of cryptocurrency exchanges, major cryptocurrency exchange OKEx announced last week that it would be expanding its operations to Malta. The small Mediterranean island, a member of the European Union, has made great strides in recent months to open itself to cryptocurrency businesses. OKEx, which at […]
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Many recent news reports have bemoaned the fact that Bitcoin has lost so much value this year. Never mind that Bitcoin traditionally hasn’t done well in the first part of the year, instead gaining value as the year progresses. Pundits focused on short-term performance looked at Bitcoin’s price teetering into the $6000s and saw only […]
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Stock markets took another beating last week as the trade war between the United States and China threatened to intensify. After President Trump slapped $50 billion worth of tariffs on China, China retaliated by placing the same amount of tariffs on imports from the US. Then President Trump decided to up the ante and floated […]
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Most mainstream economic commentary focuses on large headline numbers like the level of the Dow Jones and S&P 500, on the number of jobs created, or on the unemployment rate. But far more important numbers are often ignored – interest rates. Very few people understand the concept of interest, or the importance of interest rates […]
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