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IRS Now Requires Tax Filers to Disclose Crypto Activities

The U.S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019. Tax experts are frustrated at the vagueness of the tax agency,…

Deutsche Bank Strategist Predicts Crypto Could Replace Fiat Money

Deutsche Bank analysts have made some predictions regarding the future of cryptocurrency. Strategist Jim Reid explained why cryptocurrencies are inevitable and how the existing fiat money system could crumble over the next decade, leading to soaring demand for cryptocurrencies. Also read: Swiss Licensed Crypto Bank…

SEC Approves Bitcoin Futures Fund

The U.S. Securities and Exchange Commission (SEC) has approved an investment fund that will invest in bitcoin futures contracts. SEC Commissioner Hester Peirce calls this move “a bit of progress.” The SEC has also revealed why it decided to approve such a fund. Also read:…

Boerse Stuttgart’s Crypto Exchange Live for All Traders in Germany

Germany’s second-largest stock exchange, Boerse Stuttgart, has opened up its cryptocurrency trading platform to all interested traders in the country. This move follows the passing of a bill allowing banks in Germany to sell and hold cryptocurrencies for their clients starting next year. Also read:…

Tron and Poloniex Relationship Scrutinized After Digibyte Delisting

The crypto firm Circle recently revealed that it was spinning off the trading platform Poloniex and has since warned customers to withdraw assets or they may be sent to state governments. Following the announcement, the founder of the crypto network Digibyte (DGB), Jared Tate, explained…

France Announces New Digital Currency For Upcoming Year

France announces the launch of a new digital asset for the upcoming year according to a report from the AFP Newsagency and the central bank of France as we are reading further in the cryptocurrency news. The news reports stated that the Bank of France’s…

France Announces Digital Currency Venture: Crypto Bulls Roar

According to a report from the AFP News Agency, France’s central bank will be launching a digital asset (decisively different than a crypto asset) in the coming year. France to Launch Digital Currency The outlet reported via Twitter, the Bank of France’s governor, Francois Villeroy…

Report: Bank of France to test digital currency in 2020

France is looking to test central bank-issued digital currency in 2020, according to news site AFP.  In a Wednesday conference hosted by the French Prudential Supervision and Resolution Authority (ACPR), the central bank’s governor François Villeroy de Galhau said that the bank will start testing…

Banks Are Cutting 75,700 Jobs Worldwide

Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank, HSBC, and more.…

ECB President Explores Future Potential For Digital Currencies

The ECB president explores the potential for a digital currency which will allow for a direct injection of liquidity to the consumers according to Christine Lagarde, the new president at the European Central Bank. Let’s see what she has to say about digital currencies in…