IRS vs Coinbase: Massive Implications for Bitcoin, Digital Currencies

Coinbase’s Taxing Saga With the IRS: What Does It Really Mean? The recent Internal Revenue Service request to Coinbase, seeking records of customers who purchased virtual currency from 2013 to 2015, has led to a flurry of media attention both in the U.S. and worldwide. This action affecting America’s largest Bitcoin exchange — arguably the […]

Japan’s Mitsui Sumitomo Introduces New Bitcoin Insurance

The cryptocurrency revolution is opening up new markets for conventional businesses as well. The insurance industry is one such sector that can capitalize on the increasing demand. Mitsui Sumitomo, the Japanese insurance major has announced its plans to offer a new product exclusively for the cryptocurrency sector. Cryptocurrency exchange platforms around the world are under […]

Bitcoin Price Watch; A Wasteland Of Volume

That’s it out of Europe for the day, and we are now heading into what’s probably going to be a wasteland for bitcoin price traders this afternoon in the US. Thanksgiving is going to suck volume out of the markets, and in all likelihood, we’re going to see no real action until Asia wakes up […]

Swift Boasts Blockchain Technology Will Not Disrupt Their Business Model

Financial infrastructure is on the brink of being disrupted by new technologies. Mainly blockchain technology is one of the contenders to disrupt the financial sector as we know it. Swift, one of the world’s leading money transfer protocols, will make sure they are not replaced by distributed ledgers. A very bold statement that will require […]