Cryptocurrency

Cryptocurrency (393)

China’s Centralized Cryptocurrency Expected By November: Expert

China’s central bank will issue a state-backed cryptocurrency to seven institutions, according to researcher Paul Schulte. He used to work for China Construction Bank, one of the likely recipients. So reports Forbes.

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Bitcoin Under $10K as U.S., China Trade War Escalates

Traditional and cryptocurrency markets are “in turmoil” as the yuan recovers and the world holds its breath over the U.S.-China trade war. So reports Forbes.

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IRS to Taxpayers: You May Owe Taxes on Crypto Transactions

The Internal Revenue Service is asking thousands of taxpayers who did not report transactions featuring virtual currency to check to see if they owe taxes. So reports Reuters.

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Cryptocurrencies Being Weaponized Against U.S.: FDD Report

A study from the Foundation for Defense of Democracies states bad actors are using cryptocurrencies to threaten U.S. geopolitical supremacy. So reports Yahoo Finance.

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The Whole World is Watching Facebook's Crypto Play

Facebook's new cryptocurrency project,Calibra, was run through the legislative ringer as Congress and regulators expressed concerns about user privacy, financial instability and money laundering during a recent Senate hearing featuring the initiative's top dog David Marcus.

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Litecoin Foundation Gets 'Physical' with New Card

The Litecoin Foundation, along with Bibox Exchange and Ternio, will release a “physical cryptocurrency debit card.” So reports Cointelegraph.

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Libra Sends Ripples Through Markets

Facebook announced details about its highly-anticipated cryptocurrency plans, which stoked fears of some while apparently providing a boon to the broader market.

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Cryptos Closer to Foreign Currency: California Accountants

The California Society of Certified Public Accountants has formally asked for clarification regarding cryptocurrency holdings. So reports Cointelegraph.

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FB New Cryptocurrency to Be Run By 'Independent' Entity

Facebook has not officially launched its GlobalCoin cryptocurrency, but reports ahead of a company announcement claim it will have “an independent foundation” control it amid financial regulators’ fears. So reports Forbes.

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AP Hands Down Ruling On 'Cryptocurrency' Styling

The Associated Press Stylebook issued a new guideline calling for journalists to avoid using “crypto” as shorthand for “cryptocurrency. So reports Coindesk.

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