The proposed Facebook cryptocurrency, Libra, faced tough scrutiny during CEO Mark Zuckerberg's thorough grilling before a congressional committee. Zuckerberg was given little chance to make his case as lawmakers criticized both Libra and the business practices of Facebook.
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After five years of silence, the IRS has given us new guidance on how to treat taxes on cryptocurrency.
But it may as well not have bothered, because the guidance is very limited in scope and fails to address several key issues.
Even worse, the IRS appears confused about basic crypto terminology in the few items it does address.
A Wall Street analyst with an interest in cryptocurrency set off some wild speculation when he tweeted about the possibility of a Bitcoin ban by U.S. President Donald Trump.
The theory he put forth is that since Trump used his executive authority to ban e-cigarettes, he could do the same with Bitcoin.
Crypto twitter pounced, and several articles appeared on crypto news sites.
The digital disruption of the world of finance by cryptocurrency is no longer hypothetical.
It's happening right under our noses.
The ability to move money seamlessly and nearly instantly across borders is only one aspect of how crypto is revolutionizing the financial industry.
And yet we're only in the early innings of this game-changing technology.
It seems like only yesterday that central bankers were scoffing at the very idea of cryptocurrencies.
But now more and more of them are getting serious about jumping on board with the crypto revolution.
Some want to create their own cryptocurrencies while the Governor of the Bank of England suggested that the world's central banks develop a
universal digital currency that could serve as a global reserve currency.
People have been talking about the future of cryptocurrency for the past several years now, but when I attended the Consensus 2019 conference, something struck me right away.
When it comes to cryptocurrency and the application of blockchain technology, the future has arrived. Major projects are now going live.
Big companies are jumping on the crypto bandwagon, and for good reason.
Cryptocurrencies and the blockchain technology on which they are built are the wave of the future.
Don't blow off your cryptocurrency taxes this year. U.S. crypto investors collectively had realized losses of $1.7 billion in 2018. But about one in three crypto investors are not planning to report their losses to the IRS. It's a mistake that will reduce their refund - or add to what they owe.
People deeply involved in crypto are optimistic about what 2019 will bring - and aren't all that worried about last year's bear market.
Money Morning asked for cryptocurrency predictions from six top crypto personalities, ranging from video personality Naomi Brockwell to the outspoken cybersecurity pioneer John McAfee. And they did not disappoint.
Many of the 2019 cryptocurrency predictions in the mainstream media make the assumption that the steep fall in prices equals calamity. Nothing could be further from the truth.
Crypto continued to march forward in 2018 despite the bear market. The coming year will feature even more promising developments - regardless of what prices do.
Litecoin prices took a nose dive in 2018.
We are in a bearish cryptocurrency market, but there is good news ahead.
There are reasons for crypto fans to be optimistic.
You see, there are some very bold Ethereum price predictions out there.
John McAfee doesn't expect to be president when he runs in 2020.
Instead, he has a different mission.
After a brash move of banning cryptocurrency advertisements, Google has come to its senses.
Starting in October, the search engine giant will allow cryptocurrency exchange advertisements in the United States and Japan.