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Data Shows Short-Term Crypto Tax Filers Increase, But Lots of Investors Still Won’t File

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Data Shows Short-Term Crypto Tax Filers Increase, But Lots of Investors Still Won't File

According to personal finance firm Credit Karma Tax, filers who reported short-term capital losses for cryptocurrencies in the first month of 2019 jumped fivefold year-over-year. After the incredibly bearish crypto markets of 2018, data from early tax filers highlights the fact that more investors are claiming losses this tax season. However, a survey the company recorded back in November found that the number of people deciding not to file crypto taxes has increased.

Also read: Bitcoin Cash Markets and Network Gather Strong Momentum in Q1  Read more...

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PG&E, US’ Largest Energy Utility Firm, to File for Bankruptcy as Potential Liabilities From California Wildfires Reaches Billions

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U.S. utility Pacific Gas and Electric Company (PG&E) disclosed on Monday that it will file for bankruptcy. US’ largest energy utility firm with a market cap of $ 13+ billion said that the decision was forced by the wildfires which destroyed lives and property in California in 2017 and 2018. Per a BBC report, the utility

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Files.fm Library to Set New Standards for Digital File Libraries

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

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Indian Police File Charges Against Masterminds of $60 Million Bitcoin Scam

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Indian police in the city of Pune have charged Amit Bharadwaj along with three other individuals – Vivek Bharadwaj, Pankaj Adlakha and Hemant Bhope, involved in a multi-level marketing (MLM) crypto scam. It is alleged that Amit who is the central character of the trial collected about Rs 10 crore (about $ 1.42 million) from unsuspecting

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Bitcoinfiles.com Developers Launch Censorship-Resistant File Storage System

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Bitcoinfiles.com Developers Launch Censorship-Resistant File Storage System

On Friday, Oct. 19, the developers of Bitcoinfiles.com launched the first official version of the product. Now anyone from around the globe can tether a file (5kb or less) to the BCH chain, ensuring its resistance to censorship.

Also Read: Bitcoin Ownership: Your Private Keys to Financial Sovereignty

File Storage Tethered to the Bitcoin Cash Blockchain

Bitcoin Cash (BCH) developers James Cramer, Attila Aros and ‘Hapticpilot’ have announced the launch of a working product called Bitcoinfiles.com, a platform that allows people to upload and download files tied to the BCH blockchain. Currently, the files allowed have to be small and the service only allows 5kb or less per upload. The programmers have added a $ 0.25 fee in order to process a BCH file upload. Downloading a file doesn’t cost anything and you can share the file’s URL with anyone you like.  Read more...

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The SEC Sets Deadline to File Comments for or Against Bitcoin ETF Applications

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The SEC Sets a Deadline to File Comments for or Against Bitcoin ETF Applications

The U.S. Securities Exchange Commission (SEC) is getting ready to review its decisions regarding Bitcoin ETF applications. With this in mind, the SEC is inviting parties or persons to file public statements in support of, or in opposition to, Bitcoin ETFs. This review could affect nine Bitcoin ETF applications.

The SEC Gets Ready to Review its Decisions on Bitcoin ETFs

The SEC has set October 26th, 2018, as the deadline for the reception of public comments about the rule change petition to list and trade shares of GraniteShares Bitcoin ETF, and the GraniteShares Short Bitcoin ETF.  Read more...

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Corporate Creditors Can Now File Claims for Mt Gox Restitution

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Corporate Creditors Can Now File Claims for Mt Gox Restitution

This week the trustee in charge of the Mt Gox legal case has announced that corporate customers can now file rehabilitation claims for the October 22 deadline. The news follows the claim process that started for non-corporate customers on August 23.

Also read: Mt. Gox Victims Must Take Claims to Tokyo, Not US, Judge Rules  Read more...

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Winklevoss Twins File New Patent For Virtual Asset Storing

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Winklevoss Twins File New Patent For Virtual Asset Storing

The famous twins, Cameron and Tyler Winklevoss, have filed for a new patent in storing virtual assets in a secure manner.

The Winklevoss IP, LLC patent, named “Systems and methods for storing digital math-based assets using a secure portal,” this includes a new method which allows the division of a virtual asset account “into a plurality or private key segments”.

The patent continues and goes onto state:

“Private keys for a multi signature account may be stored as backups, e.g., in secure storage which may be difficult to access, and may be used in the event that more readily obtainable keys are lost.”  Read more...

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Investors Who Lost Out In The Mt. Gox Hack Can Now File Rehabilitation Claims

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Investors Who Lost Out In The Mt. Gox Hack Can Now File Rehabilitation Claims

According to new reports, those investors who lost assets during the infamous Mt. Gox hacks are now eligible to file rehabilitation claims against the exchange. We should note that within rehabilitation claims, the debtor (Mt. Gox) still holds the power to administer and dispose of assets, although a trustee will be appointed to oversee this. In the instance of Mt. Gox, the trustee is Nobuaki Kobayashi, as appointed by the Tokyo District Court.

So, what happens now?

Continue reading Investors Who Lost Out In The Mt. Gox Hack Can Now File Rehabilitation Claims at Crypto Daily™.  Read more...

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Chinese Cryptocurrency Mining Company Plans to File IPO Outside of China

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Canaan Creative, one of the world’s leading cryptocurrency mining equipment manufacturer is planning to launch an IPO.

A Bright Future for Cryptocurrency Mining

They say a rising tide lifts all boats, and as the interest in cryptocurrencies continues to grow, so too does the interest in cryptocurrency mining. As a result, GPU and ASIC equipment manufacturers have reported a drastic rise in demand. Following this trend, Hangzhou-based cryptocurrency mining equipment manufacturer Canaan Creative reported a surge in 2017 for their products.  Read more...

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