• Coinbase Provides 13,000 Account Holder Details for 2013-2015 to the IRS 

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    On February 23rd, 2018, Coinbase notified a group of approximately 13,000 customers concerning a summons from the IRS regarding their Coinbase accounts. Please refer to this document for the court’s judgment. The court ordered Coinbase to provide taxpayer ID, name, birth date, address, and historical transaction records for certain higher-transacting customers during the 2013-2015 period. Source: […]

  • Puerto Rico Governor Bullish on Blockchain 

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    Cryptocurrency aficionados have been flocking to Puerto Rico, attracted by a provision that exempts relative newcomers to the island from paying taxes on their capital gains. But the governor of Puerto Rico is not quite sold on crypto. “Cryptocurrency is sort of an application of that — I am concerned with some of the reports […]

  • SEC Suspends Trading in Three Companies Over Cryptocurrency Claims – WSJ

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    WASHINGTON—Securities regulators on Friday suspended trading in the shares of three microcap companies that made what they said were questionable claims about their control of cryptocurrency and blockchain-related assets. The Securities and Exchange Commission said it ordered a trading halt in shares of Cherubim Interests Inc., PDX Partners Inc., and Victura Construction Group Inc. Source: […]

  • Canada Will Enable Companies to Issue Conventional Equity with Security Token Offerings

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    he Canadian Securities Exchange (“CSE” or “the Exchange”) is pleased to announce that it is introducing an innovative securities clearing and settlement platform that harnesses the unique features of blockchain technology. The platform will enable companies to issue conventional equity and debt through tokenized securities, which would be offered to investors through Security Token Offerings […]

  • Google

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    The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) today announced its 2018 examination priorities. OCIE publishes its exam priorities annually to improve compliance, prevent fraud, monitor risk, and inform policy. Of particular interest this year will be matters involving critical market infrastructure, duties to retail investors, and developments in cryptocurrency, initial coin offerings, […]

  • SEC and CFTC Talk Virtual Currency at SENATE BANKING COMMITTEE

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    Emerging financial technologies broadly are taking us into a new chapter of economic history. They are impacting trading, markets and the entire financial landscape with far ranging implications for capital formation and risk transfer. They include machine learning and artificial intelligence, algorithm-based trading, data analytics, “smart” contracts valuing themselves and calculating payments in real-time, and […]

  • Blockchain vs Google Amazon Facebook Apple

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    In the eyes of “experts,” when it comes to blockchain, there is often no middle ground — it will either be boom or bust, nothing in between. I for one have become a big proponent of blockchain technology, especially the crypto-economics used to jumpstart powerful network effects. The Cult-Like Religion of ICOs and End of Amazon? As […]

  • Coinbase Sends American Clients IRS Tax Form 1099-K – Bitcoin News

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    San Francisco-based cryptocurrency exchange Coinbase has issued 1099-K tax forms for a certain segment of its clients in the US on January 31. The company explains that it files 1099-K for customers who have received cash above the required reporting threshold, which is more than 200 receipt transactions or greater than $20,000 during the year. […]

  • SEC and CFTC Chairmen Issue Stark Warning to Cryptocurrency Industry

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    The chairmen of two US regulatory agencies have written a joint statement expressing their concerns over the present state of the cryptocurrency markets. Writing in an op-ed published in The Wall Street Journal, Securities and Exchange Commission (SEC) chief Jay Clayton and Commodity Futures Trading Commission (CFTC) head J. Christopher Giancarlo expressed their disapproval over […]

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