Category: Cryptocurrency

In a move that could lead to a dramatic increase in cryptocurrency usage in the United States, Coinbase recently announced that it had become the first purely cryptocurrency firm to join Visa. Coinbase has already issued VISA-branded debit cards in the UK and throughout Europe, and this new move could be the first step Coinbase […]

With the spread of the coronavirus around the world, many people are taking every precaution they can to minimize their risk of contracting the virus. And now the World Health Organization (WHO) has pinpointed one particular thing that has perhaps helped the virus spread so far and wide: cash. We’ve probably all heard the stories […]

Payment provider BitPay is well known in the cryptocurrency world for offering payment services to those who would accept cryptocurrencies as a means of payment. With many vendors and even governments wanting to accept cryptocurrencies as payment, but fearful of losses, BitPay offers them the opportunity to accept cryptocurrencies as payment, converting those payments instantly […]

When it comes to tax issues, it’s always a good idea to hire a tax adviser, particularly if you have complicated returns. And when it comes to investments in cryptocurrencies, which are still sorely lacking in guidance, that’s even more true. While the Internal Revenue Service (IRS) has issued guidance in both 2014 and 2019 […]

Treasury Secretary Steven Mnuchin has stated that the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) is prepared to publish new regulations regarding cryptocurrencies. According to Mnuchin, who was testifying before the US Senate Finance Committee, the new regulations will include “significant new requirements.” Mnuchin was answering a question posed by Senator Maggie Hassan (D-NH) about […]

With cryptocurrencies still very much in their growth phase, one thing has become abundantly clear: those localities that want to take the lead in the cryptocurrency sphere are those that most loosely regulate cryptocurrencies. Countries like China, which once dominated the cryptocurrency world, will fall behind as they attempt to crack down on private cryptocurrencies. […]

While the rollout of China’s digital yuan appears to have been delayed by the onset of the coronavirus, the People’s Bank of China does still plan to launch its digital currency sometime soon. When the digital yuan is finally launched, it could very well upend the international monetary order. And that has some countries on […]

With the Chinese coronavirus remaining at the forefront of many people’s minds, prices of safe haven assets continue to shoot up. And while stocks remain elevated as some investors have reduced their fear of a pandemic, cryptocurrencies such as Bitcoin have gone on a tear. At the time of writing, the Bitcoin price was up […]

While many people understand that cryptocurrencies have great potential as investment assets, it’s easy to forget that cryptocurrencies such as Bitcoin were originally developed to be used as currencies at point of sale. One of the keys to greater adoption of these cryptocurrencies, then, is increased use by consumers and acceptance by merchants. With all […]

With much of the world waiting with bated breath, and often indoors, for a resolution to the Chinese coronavirus crisis, cryptocurrency analysts and enthusiasts are divided on how the health pandemic could affect cryptocurrency prices. There are a number of arguments that can be made for cryptocurrency prices moving either way, and ultimately it will […]