#Bitcoin Cash

Stocksdecrypt.co

Dogecoin Ain't Dead Yet: Price Rises 20% After Weeks of Struggle

Dogecoin has taken a real beating the past few weeks. It is now up 20% in the past 24 hours—making it the best-performing altcoin. The price of joke-turned-serious cryptocurrency Dogecoin is on the up after weeks of its investors taking losses. Elon Musk’s favorite coin was today trading at $0.23—up over 20% in the past 24 hours, as per CoinGecko data.
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Income TaxPosted by
Forbes

IRS Denies Tax-Free Crypto To Crypto Swaps

The IRS says exchanges of one type of crypto for another are taxable, even if no cash changes hands. However, what about before January 1, 2018, was it tax free? You didn’t get cash, so there shouldn’t be any income or gain for the IRS to tax, right? If the IRS mines all the crypto data it is getting and audits you, will they allow it? The tax law was changed by statute to say that starting January 1, 2018, crypto trades are taxable. By implication, doesn’t that mean they were tax-free in 2017 and before? You might think these questions are no longer relevant, since 2017 is long gone. 2017 tax returns were due on April 15 or October 15 of 2018. The normal three-year statute of limitations should run three years after you file your return. But a six year statute of limitations may apply to many of these situations, giving the IRS until sometime in 2024 to audit.
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LATACO

Tacos for Crypto: A Taquería in South El Monte Is Now Accepting Bitcoin for Carnitas

Tacos for Bitcoin, what a time to be alive in L.A.’s Taco Life. Taquería Periban opened its location in 1996. Is family-owned and operated and a bonafide hidden gem located in an industrial section of South El Monte, just east of Rosemead Boulevard. As you pull up to order and check out their whiteboard with the menu, you’ll see it, next to the Plato de Asada and Sope menu items: “Bitcoin Accepted.”
Marketstheregister.com

Three things that have vanished: $3.6bn in Bitcoin, a crypto investment biz, and the two brothers who ran it

Up to $3.6bn in Bitcoin has disappeared from a South African cryptocurrency investment outfit as well as the two brothers who ran it. Africrypt, led by founder and CEO Raees Cajee and his sibling and COO Ameer, claimed two months ago it had been hacked and had to halt its operations. The biz also urged its investors – said to include celebrities, the rich, and the like – to keep quiet and not alert police as doing so would apparently derail the process of recovering any coins stolen from the biz's digital wallets.
Marketscryptopolitan.com

Cryptocurrencies now accepted by various insurance companies in the United States

• UFCIC accepts payments in cryptocurrencies with Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. • Autos insurer Metromile and various payment companies such as PayPal promote cryptocurrencies. Cryptocurrencies are being accepted as a payment method by several insurance companies in the United States. For example, Universal Fire & Casualty Insurance Co,...
Stockscryptopotato.com

Bitcoin Recovers Over $5,000 as Crypto Market Cap Rebounds $200 Billion (Market Watch)

The crypto market cap has recovered over $200B in a day as bitcoin bounced off and added more than $5,000 of value. No boring days in crypto as bitcoin went through a roller-coaster with a few thousand-dollar moves down and up. The alternative coins also recovered some of the losses, with the entire market cap regaining $200 billion since yesterday’s low.
StocksPosted by
The Motley Fool

Why Tesla Stock Jumped on Wednesday

Shares of electric-car maker Tesla (NASDAQ:TSLA) rose sharply on Wednesday. The stock rose as much as 5.2%. As of 1:10 p.m. EDT, however, the stock was up 4.7%. The automaker's stock was likely trading higher due (in part) to a sharp jump in Bitcoin prices. In the past, Tesla shares have moved sharply up or down on days of volatile Bitcoin trading. Investors often associate the car company with Bitcoin because it has bought $1.5 billion worth of the cryptocurrency. But an upbeat day for some growth stocks like Tesla may be helping as well.
MarketsTechRepublic

Why to consider—and ways to kick-off—a career in cryptocurrencies

Crypto, despite its current volatility, seems to have staying power. Here's what some companies have to say about landing a gig handling the various popular digital currencies. Cryptocurrencies, once considered fringe digital assets, have marooned into the mainstream. You can purchase Bitcoin on Square's Cash App with one click, as...
Marketsbitcoinmagazine.com

What Bitcoin Does That Changes The World

In October of 2008, amidst a global recession resulting in government bailouts of the banking system, a white paper was released under the pseudonym Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System. The paper summarized a confluence of technologies that, when combined, created the first successful form of digital money. These technologies were the product of 4 decades of attempts and failures to create digital money — below is a list of about 100 failed attempts:
Currenciesbitcoin.com

How Unstoppable Domains is Accelerating the World’s Transition to Cryptocurrency

The goal of cryptocurrencies is to give financial freedom back to the individual. In order to fully realize this vision, the world of crypto must remove its major barriers to entry. One of the biggest challenges for those new to the space is sending and receiving payments. This intimidating process involves typing a long line of random letters and numbers into an address bar, hitting Send, and hoping that the address was entered correctly. If the user punches in the wrong address, their money’s gone forever.
Marketsfinancemagnates.com

Coinbase Gets the Official Green Light of Japan’s Financial Services Agency

The Financial Services Agency (FSA) of Japan granted a permit to Coinbase, the US-listed cryptocurrency exchange, becoming the first Western firm to receive a license of its kind. The FSA updated its database on crypto exchanges licensed, and according to the guidelines, the company is approved to offer trading services on Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Stellar Lumen (XLM), and Litecoin (LTC).
MarketsInsurance Journal

Insurer Begins Accepting Cryptocurrency for Premium Payments

Michigan-based Universal Fire & Casualty Insurance Co. has started accepting cryptocurrency for premium payments. The company, which insures small businesses and offers surety bonds products, says the move is to increase its competitive market position as part of a broader innovation plan. UFCIC said it is accepting a variety of...
Marketsinsurancebusinessmag.com

UFCIC now accepts cryptocurrency for premium payments

Universal Fire & Casualty Insurance Company (UFCIC), a Michigan-based multi-line admitted property and casualty insurance firm, has announced that it will now accept cryptocurrency for premium payments. In a statement, UFCIC said that it will now accept a variety of cryptocurrencies – including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin –...
MarketsCoinDesk

Market Wrap: Bitcoin Nudges Up as Regulatory Risks Linger

“It’s too early to tell if this is ‘the’ bottom or just a temporary floor before more downside. The lack of any upside catalyst (beside some contrarian oversold metrics) remains the biggest hurdle for cryptos to bounce back,” Elie Le Rest, partner and co-founder of crypto hedge fund ExoAlpha, wrote in an email to CoinDesk.
EconomyPosted by
Tom's Hardware

Biggest Mining Gear Maker Halts Sales Amid China Crypto Crackdown

Bitcoin miners could be stuck with used rigs for a while. Bloomberg today reported that Bitmain indefinitely halted most of its sales after Chinese mining operations started dumping their equipment because they're being forced to shut down. Bitmain makes cryptocurrency mining equipment based on application-specific integrated circuits (ASICs) designed specifically...
United Nationsbitcoinmagazine.com

Fighting Monetary Colonialism With Open-Source Code

In the fall of 1993, Fodé Diop’s family was saving up for his future. A brilliant 18-year-old living in Senegal, Fodé had a bright path in front of him as a basketball player and an engineer. His father, a school teacher, had helped him find inspiration in computers and in connecting with the world around him. And his athletic talents had won him offers to study in Europe and in the United States.
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