Safely investing in and storing digital currency isn’t exactly easy, especially if you’re a large institutional firm. So to help Coinbase just announced that they’re launching a service called Coinbase Custody, which will securely hold digital assets for institutional investors. The service will only be available to funds willing to store $10M or more of digital currency… Read More
Category: Cryptocurrency
Square Cash is letting some users buy and sell Bitcoin
Square is testing cryptocurrency support in their Cash app, according to TechCrunch reader Zach Miles on Twitter and confirmed by the company. The trial, which seems to only be available right now to a small number of users, lets you buy and sell…
View More Square Cash is letting some users buy and sell BitcoinIRS targets Coinbase users in an attempt to thwart tax fraud
/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fimage%2F646369%2Fdc5cfddb-4ebb-42e1-8cee-b74b85f4ed21.jpg)
The Internal Revenue Service is heading to court today with the goal of forcing Coinbase, a U.S. cryptocurrency exchange, to hand over data on a host of its users. Why? According to the government agency, all is not right in the land of blockchains — and it’s past time the company play ball.
The beef spans back to 2016, reports Bloomberg, when the IRS requested data on the service’s users claiming that an unspecified number failed to properly report their holdings for tax purposesCoinbase, for its part, called the summons overly broad and refused to comply.
More about Bitcoin, Coinbase, Irs, Ethereum, and Cryptocurrency
An imminent Bitcoin fork was just postponed indefinitely
It ain’t easy being Bitcoin. The cryptocurrency has undergone several forks in the course of the last year while simultaneously skyrocketing in value and was on course for potentially another fork set to take place in mid-November. It’s that last par…
View More An imminent Bitcoin fork was just postponed indefinitelyBitTorrent inventor announces eco-friendly Bitcoin competitor Chia
A Bitcoin transaction wastes as much electricity as it takes to power an American home for a week, and legendary coder Bram Cohen wants to fix that. And considering he invented the ubiquitous peer-to-peer file transfer protocol BitTorrent, you sh…
View More BitTorrent inventor announces eco-friendly Bitcoin competitor ChiaWallet bug freezes more than $150 million worth of Ethereum
A bug in Parity, a popular wallet for the cryptocurrency and decentralized application platform Ethereum, may have resulted in more than $150 million worth of ether being permanently frozen.
The bug affects Parity multi-sig (multi signature) wa…
Crunch Report | Bitcoin Passes $7,000… Oh My!
Bitcoin passes $7,000, VMware acquires VeloCloud and TransferWise closes on a $280 million investment. All this on Crunch Report. Read More
View More Crunch Report | Bitcoin Passes $7,000… Oh My!Amazon teases cryptocurrency ambitions with domain purchases
Amazon is not-so quietly shaping the future around its ever-expanding business, so it makes sense they’d want to get in on cryptocurrency, too.
The company wants to build a fleet of package-delivering drones. They maybe want to build giant dron…
Bitcoin price hits $7,000 for the first time
/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fimage%2F639200%2Fbecec755-cc8e-4e31-ab25-8a0a97c24193.jpg)
Bitcoin isn’t showing signs of stopping.
The cryptocurrency hit the price of $7,000 per one bitcoin early on Thursday, just weeks after it surpassed $6,000 for the first time.
The rally has been incredible — after briefly hitting a low of around $3,000 on Sept. 14, Bitcoin has been breaking through all-time-highs. In October, the cryptocurrency’s market cap — the value of all bitcoins currently in existence — exceeded $100 billion for the first time. Right now, it’s at $117 billion.
Image: CoinMarketCap.com
It’s tough to pinpoint exactly what has prompted this latest price increase. This week’s news that the world’s largest futures exchange CME plans to launch Bitcoin futures this year certainly helped. Read more…
More about Bitcoin, Cryptocurrency, 7000, Business, and Sharing Economy