Tag Archives: Cryptocurrency

IRS Hosts Marijuana And Cryptocurrency Tax Information Event; Support For Pot Legalization Gets A Me

The Internal Revenue Service (IRS) on Wednesday hosted a forum dedicated to tax policy for marijuana businesses and cryptocurrency…and cannabis legalization was on the menu. How could it not be when there has been growing public support for legalization and the prospects of federal reform?

The tax tête-à-tête, presented by the National Association of Tax Professionals (NATP), looked at issues such as allowable tax deductions and how different states are taxing marijuana — clearly not an easy subject in view of the U.S.'s patchwork of state-by-state....More>>>

Cardano's Alonzo Purple Testnet Faces Concurrency Issues

Cardano (CRYPTO: ADA), a blockchain platform with its internal cryptocurrency called ADA, has faced criticism after reports of a concurrency issue found in the testnet. The first drama arose when a screenshot of the discussion between some Reddit users was put on Twitter by Anthony Sassano, a technology security analyst. These users experienced some inconsistencies with synchronization or concurrency, From the Miniswap exchange on Cardano.

Cardano’s transaction model, EUTXO, will not handle more than one transaction per block. Consequently, that means that Minswap is practically....More>>>

Bitcoin To $150K, Ethereum A 10X? Here's What An Analyst And The Charts Say For The Cryptos

Following Bitcoin (CRYPTO: BTC) and Ethereum’s (CRYPTO: ETH) flash crash on Sept. 7, on the day El Salvador officially adopted Bitcoin as legal tender, U.K.-based bank Standard Chartered issued fresh price predictions for the two largest cryptocurrencies by market cap. Analysts at the bank see Bitcoin rising three times its current price and Ethereum skyrocketing a potential 10 times.

Geoffrey Kendrick, who leads the global research team at Standard Chartered, also sees Ethereum surpassing Bitcoin’s total value and compared Ethereum to a financial market as opposed to Bitcoin....More>>>

Why Is Dogecoin Reversing Course, Shooting Up Today?

Dogecoin (CRYPTO: DOGE) traded 5.2% higher over 24 hours at  $0.256 in the early hours of Thursday.

What’s Moving? DOGE was down 15.28% over a seven-day trailing period. 

See Also: How To Buy Dogecoin (DOGE)

Against Bitcoin (CRYPTO: BTC), DOGE rose 2.35% while against Ethereum (CRYPTO: ETH) it fell 0.38% over 24 hours.

DOGE’s year-to-date gains stood at 4,399% at press time. The meme coin hit an all-time high of $0.74 in early May. 

What’s Moving? On Thursday, major cryptocurrencies traded in the green as the global cryptocurrency....More>>>

Beyond Satoshi's Bitcoin – The Next Poster Child For Blockchain Is In Your Pocket

Though Bitcoin was first created in 2008, most of us had never heard of it until 2017 when it had its first meteoric rise to nearly $20k per coin. More people were then made aware of this revolutionary technology when Bitcoin made its historic bull run from $10k to over $60k in the span of six months from 2020 to 2021.

With the advent of Bitcoin, its creator Satoshi Nakamoto also gave us the gift of blockchain. This distributed ledger technology essentially lets millions of people contribute to the same Bitcoin network by lending their computing power for the purpose of verifying transactions....More>>>