PYMNTS

APRIL 6, 2018

If the deal were to go through, Monex’s chief operating officer, Toshihiko Katsuya, would become the company’s new president. And the jump in bitcoin prices in 2017 has created massive tax liabilities – to the tune of $25 billion, per a research note from Fundstrat Global Advisers , Reuters reported. As of 11:31 p.m.

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PYMNTS

OCTOBER 9, 2019

Ransom is demanded in bitcoin, upon threat of releasing damaging information to family, friends, and co-workers. But now the hackers are asking for alternative crypto currencies to bitcoin in their ransom demands. This latest sextortion version is using a Litecoin wallet address instead of bitcoin to evade detection,” Johnson wrote.

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PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. TaxBit was founded by software developers, tax attorneys and CPAs to automate and simplify tax compliance for crypto users. ” TaxBit will use the funding to speed up customer growth, and make its products better.

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PYMNTS

FEBRUARY 20, 2020

Steve Chen, the mastermind behind a $147 million gemcoin fraud from 2013 to 2015, pleaded guilty of his crimes of tax evasion and conspiracy to commit wire fraud, reported on Wednesday (Feb. As part of his plea agreement, Chen admitted to operating the U.S. The bitcoin seized was part of the value of assets confiscated last year.

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PYMNTS

OCTOBER 8, 2019

In other news, $10 billion worth of bitcoin — or almost 7 percent — is currently held in the wallets of eight major cryptocurrency exchanges. And the Swiss National Bank (SNB) and the Bank for International Settlements (BIS) announced that they have signed an operational agreement on the BIS Innovation Hub Centre in Switzerland.

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PYMNTS

JANUARY 15, 2019

Finance Minister Lim Guan Eng said, according to reports, “Any person offering an ICO or operating a digital asset exchange without SC’s approval may be punished, on conviction, with imprisonment not exceeding 10 years and fine not exceeding 10 million Malaysian ringgits.” million between 2015 and 2017 through the Finnish bitcoin exchange.

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PYMNTS

SEPTEMBER 15, 2017

Bitcoin has been riding a bit of a rollercoaster in the past few weeks since hitting an all-time high of more than $4,800 per digital coin on Aug. To continue the rollercoaster analogy, the cryptocurrency’s value has been on a steep climb all year, and it stands to reason that bitcoin’s skyrocketing value must eventually slow and reverse.

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PYMNTS

DECEMBER 27, 2020

PayPal has dropped its bid to acquire bitcoin wallet purveyor BitGo but remains interested in investing in the cryptocurrency space, Fortune reported. PayPal had just announced that beginning in 2021 it would let customers transact in a number of cryptocurrencies, among them bitcoin, Ether, Bitcoin Cash and Litecoin.

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Bank Innovation

JANUARY 25, 2018

The cryptocurrency bitcoin, which shocked everyone by surpassing $17K, further shocked everyone by dropping below $10K. Then of course there are various other events sweeping the financial services space, from new tax laws in the U.S., EXCLUSIVE — It’s not even a month into 2018 and already so much has changed.

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PYMNTS

FEBRUARY 3, 2020

Staff and customers’ safety is our first priority and we have comprehensive, precautious measures being implemented to all restaurant operations and office staff,” a McDonald’s spokesperson said, according to reports. Bitcoin and the Cybercrime Boom . Bitcoin has also been pivotal in the rise in ransomware cyberattacks.

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PYMNTS

MARCH 19, 2018

But because of bitcoin mining, it has already exceeded the allotted amount of hydropower in December and January, reported Bloomberg, citing a local newspaper. With cryptocurrency mining all the rage, the city of Plattsburgh hasn’t been the only one dealing with the tax on electricity supplies. Plattsburgh gets power from the St.

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PYMNTS

JANUARY 20, 2017

However, recently the People’s Bank of China pointed to irregularities in the operations of bitcoin exchanges BTCC, Huobi and OKCoin as the cause of the recent rollercoaster ride in bitcoin’s price, said Reuters. The developments are still ongoing, so PYMNTS’ Bitcoin Tracker will keep watch for new details in the coming weeks.

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PYMNTS

DECEMBER 18, 2017

20,000 | Cryptocurrency bitcoin finally managed to break the barrier after all, reaching a value of more than $20,000 per coin before the end of 2017. The opening of the Cboe Futures Exchange for bitcoin had a hand in making it happen. Of those, only 3.35 Of those, only 3.35

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PYMNTS

MARCH 30, 2018

Bitcoin fell below $7,000 on Thursday (March 29) – and analysts expect sales of bitcoin and other cryptos to increase as the April U.S. tax deadline approaches, CNBC reported. The price of bitcoin was $6,826.68 Youbit’s operating company, Yapian Corp., as of 11:13 p.m., according to CoinDesk.

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PYMNTS

MAY 19, 2020

BlockFi said it was “able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information was exposed as a result of this incident.”.

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PYMNTS

SEPTEMBER 9, 2016

Who knew that Tyler and Cameron Winklevoss, known for their early involvement in Facebook, were in love with bitcoin? You might, when you find out that they were the first to file for a bitcoin Exchange-Traded Fund (ETF) with the Securities and Exchange Commission (SEC). And do you care?

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PYMNTS

SEPTEMBER 24, 2020

In other news, the Ministry of Finance in Russia keeps advocating for digital currency industry rules through the introduction of new tax mandates, Cointelegraph reported. The body is reportedly aiming to bring about criminal responsibility for those that don't declare taxes on digital currency.

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PYMNTS

MAY 13, 2016

Stop ISIS, bring peace to the Middle East, clean up the economy, create more jobs, fix the education system, lower taxes, etc., Promoting bitcoin. Of course, when the former commissioner, Bart Chilton, says bitcoin, he’s talking blockchain and all digital currencies. So, why digital currencies? Just like the Internet.

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PYMNTS

JULY 14, 2019

And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported. It is meant to link agriculture organizations with workers and suppliers while also offering contract bidding transparency.

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PYMNTS

SEPTEMBER 9, 2020

In other news, Venezuela has prevented internet users from operating the MercaDolar remittance system and Coinbase , Finance Magnates reported, citing Venezuela Inteligente, a group that assists those in the country in getting around the web restrictions.

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PYMNTS

MAY 19, 2020

BlockFi said it was “able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information was exposed as a result of this incident.”.

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PYMNTS

AUGUST 28, 2019

While our industry is accustomed to cryptocurrencies operating 24/7/365 (like email), fiat currencies have for the most part remained shackled to ‘banking hours’ or ‘business hours.’ If a voluntary fund cannot be established, a transactional tax should be imposed to fund the initiative.”.

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PYMNTS

MAY 11, 2018

Bitcoin — among other cryptocurrencies — took a fall on Friday (May 11) and hit a three-week low as news surfaced that authorities raided South Korea’s largest crypto-exchange, CNBC reported. UPbit services, such as all transactions and withdrawals, are operating normally. Following the news, bitcoin dropped 5.5

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PYMNTS

JUNE 14, 2018

Powering the push in spending, according to the Commerce Department reports, are historically low unemployment figures , wages finally starting to show real gains and additional liquid capital among workers due to the tax cuts of late 2017. Bitcoin: Pricing cracks below $6,600, amid news of U.S. indebtedness in 2018.

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PYMNTS

JANUARY 7, 2020

The financial center operates with its own legal, regulatory and tax infrastructure and traces its roots back to 2005. India, of course, has said financial firms cannot provide such services, and China has banned the operation of domestic exchanges. Time will tell, of course.

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PYMNTS

JULY 16, 2019

Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugs and human trafficking,” Mnuchin said, adding that he is “not comfortable today” with the social media giant’s planned launch.

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PYMNTS

OCTOBER 14, 2016

Milan, Italy was the host of a formal bitcoin conference to address scaling and a protest conference that addressed, well, everything that the formal conference didn’t. Scaling of bitcoin is a thorny issue and one that caused some dissension at the Scaling Bitcoin conference that took place on October 8 and 9.

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PYMNTS

OCTOBER 14, 2020

As much as Bitcoin and other cryptocurrencies have attracted scrutiny from the Department of Justice and still lack mainstream acceptance, Voyager’s portfolio of so-called “stablecoins” (which are linked to an underlying currency such as the U.S. But this trend toward crypto doesn’t stop there.

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PYMNTS

JANUARY 29, 2018

Here are the numbers: $10,000 | The psychological barrier threshold associated with bitcoin and cryptocurrency prices, particularly amid raids on suspect operators, tax rates in South Korea and hacks of crypto exchanges. SMBs are being unnecessarily penalized for international money transfers.

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PYMNTS

SEPTEMBER 9, 2019

These casinos have begun to accept deposits in the form of cryptocurrencies such as Bitcoin and others,” that site reported. However, with so much potential tax revenue on the line, Cregan said, there are heavy incentives that favor mobile. “As Lack of confidence will lead to lower tax revenues.”.

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PYMNTS

DECEMBER 29, 2016

27), asked the court to dismiss the motion filed by the Coinbase customer and let the IRS proceed with issuing a so-called “John Doe” summons to Coinbase, which would require Coinbase to hand over information on all Coinbase customers who transferred bitcoin from 2013 to 2015. As a result, the IRS withdrew its motion for only Berns.

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Tomorrow's Transactions

OCTOBER 24, 2014

I saw a number of excited, and entirely mistaken, tweets saying that the British government are supporting Bitcoin, when they are doing nothing of the sort. In fact, the relevant UK Minister merely said that they government are keeping an “open mind” about Bitcoin. From Innopay Report: Is Bitcoin Fad or Future of Payments? ].

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PYMNTS

MARCH 5, 2018

After all, the regulatory clime has been getting a bit heated for all things crypto based – and as has been seen elsewhere in the world, such as in South Korea , all sort of stakeholders in the bitcoin/Ethereum/etc. game have been drawing increased scrutiny from regulators … everyone from exchange operators to miners.

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PYMNTS

JANUARY 10, 2018

Just like the volatility of bitcoin, the world of blockchain is no stable place. Hype over distributed ledger technology (DLT) has certainly led to a bump in shares for companies operating in the space — and even for some companies with seemingly no connection to the tool. But it’s not all smooth sailing. million as part of the shift.

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PYMNTS

AUGUST 3, 2016

Blockchain technology is behind bitcoin, the popular digital currency, and enables data to be shared between a network of individual computers. The company said it will look at blockchain applications for its legal and tax businesses, which have been working on their own initiatives for more than a year.

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PYMNTS

NOVEMBER 15, 2016

The net after tax profits of the firm have declined to $2 million as of the latest full year, in 2015, down from $18 million in 2013 — and this far in the year the bottom line has been decidedly negative. That comes even as Overstock’s top line has been growing, indicating operational pressures. a few years ago to a more recent $18.36.

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PYMNTS

MARCH 16, 2018

Transparency is key, but often is lacking – in part because of far-flung parties, which include both sides of a transaction (buyer and seller, of course) that may be operating across time zones, languages and currencies. One customer is on SAP, for example, and perhaps another firm is operating with QuickBooks. Overnight, it seems, Mt.

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