The Internal Revenue Service (IRS) recently released instructions for computing taxes involving crypto assets. The digital market has been waiting for this report since May 2019 after the Revenue’s chief Chuck Rettig hinted at an update to the existing regulations. In April 2019, some members of Congress wrote to Rettig seeking clarification regarding crypto reporting…

Over the last couple of years, the popularity of blockchain technology has increased considerably, thanks to its numerous advantages over traditional systems. For a while, governments, private companies, digital currency projects, financial institutions and numerous other entities have actively researched the opportunities associated with blockchain. At this point in time, the technology is ready for…

Over the last couple of years, governments and central banks throughout the world have been actively researching the opportunities and potential drawbacks of releasing central bank-based digital currencies. So far, China, Uruguay and Sweden are getting close to the official release of their CBDCs. Recent developments in the global payments market have encouraged other central…

There is no shortage of cryptocurrencies challenging Bitcoin’s hegemony, yet Nano stands out among them due to its unique architecture and function. Although it is far from the most valuable of Bitcoin’s rivals, there is no doubt that it has the potential to become a dominant player in the crypto space. As altcoins continue to…

South Korean-based Upbit has become the latest major exchange to be hacked. A thief has stolen 342,000 Ether worth USD $50 million. The exchange has stated that the stolen cryptocurrency did not come from user funds, and that all deposits and withdrawals will be suspended for at least two weeks. As this attack is far…

Throughout its ten year history, Bitcoin has experienced the greatest level of volatility of any asset ever created. It has endured significant challenges and setbacks, yet remarkably has remained by far the most valuable and significant cryptocurrency. As the general crypto market recovers, Bitcoin now finds itself in a strange position. Across the globe, there…

Cryptocurrency is once again becoming a popular topic in the Middle East as two countries are experiencing economic turmoil related to their banking systems. Lebanon is in the midst of a full-blown banking crisis that has now led to a collapse of the ruling government. Meanwhile, Iranian protests have led to the burning of a…

Although there is no shortage of enthusiasm for many emerging cryptocurrencies, ChainLink is becoming a clear standout. The blockchain platform has emerged from relative obscurity to become a top performer in both crypto markets and in interest from major institutions. ChainLink’s ascension is a clear example of the dynamic nature of the blockchain space, and…

Like most altcoins, Litecoin is experiencing a revival in market cap, and interest in the platform is growing among investors. Litecoin has moved up twenty percent since late last month, and remains one of the best known cryptocurrencies. Nevertheless, challenges facing the platform are growing, as competition is increasing and the investing public is becoming…

Stellar Lumens (XLM) has experienced a series of highs and lows since its founding in 2014, but the development team has kept a steady eye on long-term development and use. Now, as blockchain technology begins to emerge from the frustrating crypto winter, the platform appears positioned to make great strides into the mainstream. In preparation,…