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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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Huawei Faces Criminal Charges, Officials Say This Won’t Hurt US-China Trade Talks

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The day of reckoning has come for Huawei, as the U.S. Justice Department has unsealed a 13-count indictment against the world’s largest telecommunications equipment manager. Justice Department Charges Huawei The indictment alleges that Huawei, two affiliated companies, and its chief financial officer Meng Wanzhou committed fraud and conspiracy in connection with deals in Iran. Commerce Secretary Wilbur Ross stressed: These are law enforcement actions and are wholly separate from our trade negotiations with China. An indictment filed in Washington state accused the company of stealing trade secrets from T-Mobile USA Inc. and offering bonuses to employees who succeeded in getting technology from rivals, according  Read more...

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10 Reasons Bitcoin Won’t Ever ‘Go to Zero’ as Davos Bears Claim

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By CCN.com: “I do believe it will go to zero. I think it’s a great technology but I don’t believe it’s a currency. It’s not based on anything,” said Jeff Schumacher, founder of BCG Digital Ventures, of the Bitcoin price during a CNBC-hosted panel in Davos, Switzerland. 1. Bitcoin is Actually Based on a Lot of

The post 10 Reasons Bitcoin Won’t Ever ‘Go to Zero’ as Davos Bears Claim appeared first on CCN

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No, IBM’s Quantum Computer Won’t Break Bitcoin

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IBM recently unveiled its Q System One at the Consumer Electronics Show (CES) 2019, with the company describing the quantum computer as being developed for “commercial use.” Despite numerous media outlets again decrying the imminent death of Bitcoin, IBM’s quantum system is not the game-changer that many are heralding it to be.

Also Read: Japanese Regulator Clarifies Stance on Bitcoin ETFs and Derivatives

IBM Unveils Quantum Computing System

No, IBM’s Quantum Computer Won’t Break BitcoinIBM’s commercial launch of its new quantum computing system has fueled reports claiming that the technology may spell doom for bitcoin and cryptocurrency.  Read more...

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Bitcoin is a ‘Black Box’ so I Won’t Invest in it: Analyst Gary Shilling

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Renowned investor Gary Shilling believes Bitcoin is a black box. And he prefers to stay away from it. Speaking to Business Insider, the American financial analyst admitted that the digital currency is too opaque and complicated for him to invest in — and he will not invest in anything that he does not fully understand.

The post Bitcoin is a ‘Black Box’ so I Won’t Invest in it: Analyst Gary Shilling appeared first on CCN

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Here’s Why Mark Cuban Says He Won’t Buy an Esports Team

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Earlier this week, Quartz published an article titled, “Esports players are burning out in their 20s,” detailing how gaming professionals are calling it quits early after spending endless 80-hour weeks perfecting their craft. The article circulated through the internet until it eventually landed in front of billionaire businessman and investor, Mark Cuban, who took to […]
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Call of Duty World League Won’t Feature Blackout Mode Anytime Soon

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The new season of the Call of Duty World League (CWL) kicked off last weekend in Las Vegas, drawing an audience of between 12,000 to 15,000 people to the Hard Rock Hotel. The event featured roughly 2,000 amateur players and 16 professional teams, facing off in 5v5 battles, matching the traditional Team Deathmatch format found […]
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Crypto Will Survive Bear Market But Won’t Replace Money: Allianz Chief Economist

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Crypto will survive the current market sell-off because it’s here to stay. However, cryptocurrencies won’t replace fiat money anytime soon. That’s the assessment of Allianz chief economist Mohamed El-Erian. “Cryptocurrencies will exist. They will become more and more widespread, but they will be part of an ecosystem,” El-Erian said at the Consensus: Invest conference in New York. “They … Continued

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Vinny Lingham bets Ronnie Moas $20k that bitcoin won’t hit $28K by 2019’s end

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Vinny Lingham bets Ronnie Moas $ 20k that bitcoin won’t hit $ 28K by 2019’s end
On the first-ever World Crypto Con’s final day earlier this month, Civic.com co-founder and CEO Vinny Lingham betted Standpoint Research founder and director Ronnie Moas $ 20,000 that bitcoin’s price will not hit $ 28,000 on a “reputable exchange” by the time 2019 ends. The bet’s loser has to donate t…

The post Vinny Lingham bets Ronnie Moas $ 20k that bitcoin won’t hit $ 28K by 2019’s end appeared first on CoinReport.

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Binance Lists Both Bitcoin Cash Forks But Won’t Change the Symbols

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Thursday’s Bitcoin Cash (BCH) hard fork has left the crypto community on the edge of their seat, waiting for a clear-cut winner between Amaury Séchet’s Bitcoin ABC and Craig Wright’s nChain to emerge. While the early frontrunner looks to be BCHABC, Wright continues to assert that the ‘Hash War’ is not a sprint but instead a drawn-out affair. That being said, many […]
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‘Nuclear Option’: ABC Dev Won’t Rule out Changing Bitcoin Cash PoW Algorithm

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The Bitcoin Cash civil war is just days away from culminating in a contentious blockchain split, and the lead developer of the faction with the minority hashrate has advised that the development community should “get a patch ready” in case they need to pursue an emergency hard fork to change the cryptocurrency’s Proof-of-Work (PoW) algorithm.

The post ‘Nuclear Option’: ABC Dev Won’t Rule out Changing Bitcoin Cash PoW Algorithm appeared first on CCN

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SWIFT Won’t Be Integrating With xRapid, XRP or RippleNet

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SWIFT , the global payments network has been shooting down rumours that its platform will begin to integrate with Ripple’s suite of software solutions for cross-border payments.

SWIFT is updating its protocol standard this month and is also letting its customers know that they should upgrade to the firm’s new global payments platform called SWIFT gpi. News regarding the upgrade led to a mixture of different rumours about the SWIFT gpi that it would make the XRP powered payment solution xRapid and RippleNet available to thousands of banks on the SWIFT network.  Read more...

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‘Godfather of ETFs’: Regulators Won’t Approve Bitcoin ETF Anytime Soon

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Reggie Browne, who is a senior managing director of the ETF group at Cantor Fitzgerald, isn’t holding his breath for a bitcoin ETF. Despite the determination of crypto asset managers jumping through hoops to satisfy US regulators, Browne, who earned the nickname as “the Godfather of ETFs” from Forbes for his influence over the $ 4.7

The post ‘Godfather of ETFs’: Regulators Won’t Approve Bitcoin ETF Anytime Soon appeared first on CCN

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BlackRock Won’t Launch Bitcoin ETF Until Crypto Is ‘Legitimate,’ Says CEO Larry Fink

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BlackRock — the world’s largest asset manager and ETF provider — has slowly been warming to crypto, but will not launch a bitcoin exchange-traded fund (ETF) until the industry becomes “legitimate,” said CEO Larry Fink. “I wouldn’t say never —  when it’s legitimate, yes,” Fink said at the New York Times Dealbook conference, as reported by CNBC.

The post BlackRock Won’t Launch Bitcoin ETF Until Crypto Is ‘Legitimate,’ Says CEO Larry Fink appeared first on CCN

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Fidelity Won’t Build Its Own Exchange, Focused on Bitcoin Custody, Exec Confirms

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Fidelity investments Bitcoin custody

Tom Jessop, President of Fidelity Digital Asset Services says that the asset manager will take crypto to the next level by enhancing the sector and providing a secure Bitcoin custody solution so institutional investors can get a piece of the crypto pie.

Bitcoin Custody Solution Will Remove Barrier

In the most recent episode of her Unconfirmed podcast, Laura Shin interviewed Fidelity president of Digital Asset Services Tom Jessop. The two had a cryptocurrency and blockchain focused discussion about the company’s plans to help develop the Bitcoin 00 and cryptocurrency market to a higher level of functionality and value.  Read more...

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TRX Won’t Slow Down, Check Out TRON’s Latest Announcements

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Tron's Latest News Thumbnail

Soundcloud Logo on Transparent Background Listen Here – https://soundcloud.com/cryptodaily/trx-wont-slow-down-check-out-trons-latest-announcements

TRON and the TRON Foundation have made very exciting progress through the start of October and continue to impress the crypto community. Granted, the value of TRX is still stagnant, however this doesn’t have any reflection on the progress of the TRON Foundation. Just because TRX is down low, it doesn’t mean the TRON team aren’t working hard in the background. TRX is down as a result of the bear market and the organic nature of this regressive market. When the markets turn round, we can hope that TRX will be one of the first cryptos to fly high. As it stands though, we can’t even begin to guess when this may happen.  Read more...

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Brazil: XP Investimentos’ Crypto Exchange Won’t Let Users Deposit or Withdraw Bitcoin

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brazil bitcoin cryptocurrencyThe website of XDEX, the cryptocurrency exchange launched by Brazil’s biggest investment firm, XP Investimentos, is already up and accepting pre-registrations. It adds a few details on the crypto exchange, including that users won’t be able to send BTC to and from their personal wallets. The website, first spotted by local news outlet Portal do … Continued

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Russian Law Won’t Mention ‘Cryptocurrency’, Russians Won’t Stop Trading

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Russian Law Won’t Mention ‘Cryptocurrency’, Russians Won’t Stop Trading

Russia is preparing for the long-awaited legislation tailored to regulate its crypto space. According to the latest reports from Moscow, the term “cryptocurrency” has been taken out of the legal texts. Nevertheless, Russians have no reasons to doubt the existence of the decentralized electronic cash. They have many options to get involved in cryptocurrency, regardless of what the law says about it.

Also read: Iran to Allow Mining Hardware Imports, Cyprus Creates Fintech Hub  Read more...

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Stablecoins Won’t Fix Bitcoin’s Instability: Berkeley Prof.

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Prof. Barry Eichengreen, an economics professor at UC Berkeley, in an op-ed published in The Guardian, said he believes stablecoins such as tether (USDT) might be stable in value and attractive as units of account, but they are flawed. His piece comes on the heels of the launch of the Gemini dollar (GUSD) by the

The post Stablecoins Won’t Fix Bitcoin’s Instability: Berkeley Prof. appeared first on CCN

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