Swedish Trader Expects to Pay 300% of Crypto Profits to Tax Agency

According to local media, a Swedish cryptocurrency trader is anticipating receiving a tax bill of approximately $1 million after conducting approximately $2.9 million worth of trades across tens of thousands of transactions made since 2014. The trader claims that the tax bill will equate to 300 percent of the profits he has earned rather than 30 percent due to failing to report the price that he paid for his cryptocurrency. Also Read: Airdrop Causes Exchange to Accidentally Send BTC to Customers Swedish Trader Faces $1 Million Tax Bill After Failing to…

Read More

‘We Have to Spend Money Carefully’ – Huobi Confirms Lay Offs Despite Profits

The prolonged bear market hasn’t yet managed to throw one of the leading cryptocurrency exchanges, Huobi, in the negative. However, despite still being profitable, the company is letting people go in an attempt to “spend money carefully.” Huobi Tightens Belt Huobi is a China-based cryptocurrency exchange with around $300 million in daily traded volumes, making it one of the top-ten cryptocurrency exchanges in the world. It seems, however, that the prolonged bear market of 2018 has taken its toll on the company. Last month, reports started circling that Huobi was planning…

Read More

The Daily: 100 Exchanges’ Security Rated, Enjinx Block Explorer Launches

Tuesday’s installment of The Daily details new tools that are helping users safely navigate the cryptocurrency ecosystem. From making an informed decision about which exchanges to trust to tracking blockchain transactions with Enjinx, we cover a selection of developments from across the cryptosphere, before finishing with a trip to the darknet where KYC documents are allegedly up for sale. Also read: How to Buy Bitcoin Anonymously 100 Crypto Exchanges’ Security Assessed Over the last few months, Crypto Exchange Ranks (CER) has been shining a light on the practices of the exchanges…

Read More

Airdrop Mishap Causes Korean Exchange to Accidentally Send BTC to Customers

A South Korean crypto exchange mistakenly sent its customers BTC and other cryptocurrencies due to an error during an airdrop. Some users immediately sold the coins, causing the prices of a number of cryptocurrencies on the exchange to sharply fall. The exchange said, however, that the majority of customers have agreed to return the funds. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Airdrop Error South Korean cryptocurrency exchange Coinzest reportedly sent its customers BTC and other cryptocurrencies while trying to airdrop WGT tokens. The exchange posted…

Read More

BoE Senior Advisor: Cryptocurrencies ‘Are a Threat’ But I’m Not Too Worried

Live from a snow-covered World Economic Forum in Davos, the IMF cuts the global economic growth outlook by 3.5%, the lowest in three years. Senior adviser to the Bank of England Huw van Steenis is leading their review of the future of finance, which he insists doesn’t include cryptocurrencies. Bank of England Advisor: Banks Must Spend More on Digital Transformation Having carved out his career at Morgan Stanley and Schroders, Huw van Steenis has a proven track record in finance. Now he’s heading up the “future of finance” for the…

Read More

How to Buy Bitcoin Anonymously

Buying bitcoin is not a revolutionary act. Nor should it be. And yet the way statists, apparatchiks and politicians bang on, you’d think the mere act of acquiring digital currency was akin to receiving the keys to a pandora’s box in which lurks every illicit artifact known to man. One day, these dinosaurs will begrudgingly concede that buying bitcoin is no more seditious than buying a soda with a $20 bill. But until then, you’ll want to preserve your privacy when acquiring cryptocurrency. Also read: Wasabi’s Privacy-Focused BTC Wallet Aims to Make…

Read More

Host a BCH Giveaway With Bitcoin.com’s Golden Ticket Software

Have you ever thought about creating a cryptocurrency giveaway during a hosted event? Now you can create your own crypto-based sweepstakes with Bitcoin.com’s event paper wallet generator. With Bitcoin.com’s Golden Ticket program and open source code, the software allows anyone to develop fantastic tickets funded with bitcoin cash (BCH). Also Read: Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash Support Create Your Own Bitcoin Cash Giveaway With Bitcoin.com’s Golden Ticket Software At Bitcoin.com we love to spread cryptocurrency awareness. In order to further grow adoption in a fun way this month, we…

Read More

How Bitcoin Gets To $10 Million and Solves The World Debt Problem

It’s a scenario we’d all like to see… and of course, eradicating world debt would also be a good thing. But is there a path to get there? Possibly, according to Lucid Investment Strategies. Hang onto your hats though; it’s going to be a bumpy ride. Five To One, Baby. One In Five. The world financial system has journeyed down an unsustainable path where unconstrained debt growth has become uncontrollable. Thus begins a new article charting Bitcoin’s potential climb to a price of $10 million. As premises go, it’s hard to argue…

Read More

Mastermind Who Planned Iceland’s Biggest Bitcoin Heist Jailed for 4.5 Years

Last year, Sindri Stefansson was arrested for his part in what has been described as the biggest heist Iceland has seen – over $2 million worth of Bitcoin mining equipment stolen in an operation that left police baffled. He has now been jailed for four and a half years along with his team of thieves.  Also read: Iceland’s ‘Big Bitcoin Heist’: Suspects Charged With Over $2M in Stolen Mining Rigs ‘Big Bitcoin Heist’ Sindri Por Stefansson hit headlines last year after managing to escape from his jail cell following his arrest…

Read More

Avoid These Exchanges If You Want to Keep Your Bitcoins

Hackers stole over $1.8 billion in 2018 from crypto exchanges. So, if you’re still trusting one with your private keys, you really ought to know better. But if you’re too busy or too lazy to set up a hardware wallet for your funds, at least you should know where exchanges rank when it comes to cybersecurity. According to a report by CER and Hacken, not very well. Top 100 Crypto Exchanges by Cybersecurity Score CER and Hacken evaluated the state of the cybersecurity in the top 100 crypto exchanges by…

Read More