Crypto Tax Prep Business Booms as Trading Surges and IRS Tightens Screws

Startups that help Americans calculate their crypto taxes have been raising hundreds of millions of dollars. Even traditional tax-prep firms are rolling out crypto services.

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Fraud alert! Hackers using SIM-swapping are stealing millions worth of crypto without victim’s knowledge

Rug pulls. Defi exploits. Pumps & Dumps.   You might have heard all such scams that repeatedly happen in the crypto space, leaving millions of users with worthless tokens. But have you ever heard of an attack that can steal your crypto funds using a SIM card? That’s right.

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Japan: Instant Messaging Giant LINE Launches Crypto Wallet and Blockchain Services

A Japanese tech player will provide crypto services to its millions of users in the coming weeks, according to a report by Coindesk. Bringing Blockchain to Millions Messaging giant LINE, a Japanese mega-firm with millions of users and the country’s equivalent of WhatsApp has unveiled a new crypto wallet for its users to allow themRead MoreRead More.

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FTX Crypto Exchange Buys Popular Blockfolio App for $150 Million

FTX has acquired Blockfolio for $150 million. The deal will likely see the fast-growing exchange add millions of users to its platform.

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US DoJ Seizes Millions in Crypto Funds From Al-Qaeda and ISIS Networks

Justice Department announces the largest ever seizure of terrorist-bound crypto assets today in Washington, DC.

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Why Should You Include Bitcoin in Your Life for Money Transactions & Investment?

Bitcoin is a new form of money, not known to many people. Though millions are people worldwide are trading in Bitcoin, yet many non-users of this crypto coin do not understand the alphabets of this inThe post Why Should You Include Bitcoin in Your Life for Money Transactions & Investment? appeared first on AMBCrypto.

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Why Grayscale’s New Digital Currency Ad Could Bring Crypto Investing To Millions

Just as Merrill Lynch’s 1948 New York Times ad introduced boomers to stocks, Grayscale’s cable news ad blitz suggests the time is right for digital currency.

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How 51% Attacks Crippled This Ethereum Crypto Offshoot

This past week Ethereum Classic suffered not one, but two 51% attacks. The culprits were able to make off with millions as a result. While this doesn’t directly cause the underlying network to slow, due to the attacks this cryptocurrency’s confirmation times have increased drastically.

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Germany seizes nearly $30M in crypto from movie2k.to

The German police have seized millions in Bitcoin and Bitcoin Cash from the defunct...

The post Germany seizes nearly $30M in crypto from movie2k.to appeared first on Coin Journal.

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Mexico: Residents Can Now Spend Crypto at Millions of Visa-Accepting Stores

A Mexico-based cryptocurrency exchange, Tauros, announced the region’s first crypto debit cards in a partnership effort with Dash on August 4. The card can be used at any Visa-accepting store and is only available for Mexican residents.

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Huobi Hires Former Banking Giant Executive to Lead New DeFi Fund

The crypto exchange group is forming a new fund to invest tens of millions of dollars in the DeFi space.

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eToro to Offer Crypto Cards in the UK After Acquiring Visa Principal Member, Marq Millions

eToro, a popular commodity trading app with the option to trade traditional stocks as well as digital assets, is all set to launch its debit card for U.K. customers. Etoro’s decision to launch its debit card might be influenced by its recent acquisition of principal VISA member Marq Millions Ltd, which also posses an e-money […]

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Paysafe selects Kraken’s cryptocurrency liquidity for new buy/sell services

It was announced today that payments platform Paysafe has become the latest business to choose Kraken as a crypto asset liquidity provider. The move comes in advance of Paysafe’s launch of its own crypto buy and sell services through its digital wallets Skrill and Neteller, which provide convenient and simple payment solutions to millions of clients across the globe, […] CryptoNinjas » Paysafe selects Kraken’s cryptocurrency liquidity for new buy/sell services

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Bitcasino Turns up the Volume with Wacken World Wide Sponsorship

Bitcasino Press Release: Crypto pioneers have joined forces with Wacken World Wide to bring a free 3-day virtual metal concert to millions of music fans, starting on July 29th. 27 July 2020, Tallinn, Estonia – Crypto gaming pioneers Bitcasino will be rocking out as headline sponsors of Wacken World Wide, a new digital music festival […] The post Bitcasino Turns up the Volume with Wacken World Wide Sponsorship appeared first on NullTX.

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Bitcasino Turns up the Volume with Wacken World Wide Sponsorship

Bitcasino Press Release: Crypto pioneers have joined forces with Wacken World Wide to bring a free 3-day virtual metal concert to millions of music fans, starting on July 29th. 27 July 2020, Tallinn, Estonia – Crypto gaming pioneers Bitcasino will be rocking out as headline sponsors of Wacken World Wide, a new digital music festival […] The post Bitcasino Turns up the Volume with Wacken World Wide Sponsorship appeared first on Bitcoin PR Buzz.

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After Swipe Acquisition, Binance to Roll Out Crypto Powered Card in European Union This August

Binance Card set to launch in August this year in the European Economic Area (EEA) with the U. K to follow later, a statement from Binance confirms. The debit card allows users to shop and buy from millions of VISA accepted merchants across the world using four cryptocurrencies.

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Binance CEO CZ Reacts After Appearing in Latest YouTube Bitcoin Giveaway Scam

Over the past few weeks, YouTube cryptocurrency giveaway scams have been gaining popularity for their increased fraudulent ads where crypto CEOs and Founders have been impersonated, and their identity used to defraud unsuspecting YouTube viewers of millions of cryptocurrencies.

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Mainstream crypto adoption and DeFi were the main topics discussed at the Hangzhou International Blockchain Week

The Hangzhou International Blockchain Week 2020, one of the largest blockchain and crypto conferences in China, put a heavy focus onto mainstream adoption, with influential figures from the industry discussing the ways hundreds of millions of users could be drawn to the space.

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Blockchain Bites: Crypto’s Bailout Millions, Brazil’s Binance Ban, Lightning’s Bug

Crypto firms received at least $30 million in government-backed loans, Brazil bans Binance's derivatives trading and Mercedes Benz' parent tests blockchain.

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Investors Defrauded by South Korean Pyramid Scheme

An alleged crypto pyramid scheme stole hundreds of millions of dollars from investors.

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Hidden Group Rakes in $200 Million in Two Years by Attacking Crypto Exchanges: ClearSky Report

A hidden group dubbed “CryptoCore” has been targeting cryptocurrency exchanges, primarily in the US and Japan since 2018 has successfully stolen millions worth of digital assets, as per the ClearSky report.

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Infamous $2 billion crypto scam PlusToken just moved millions worth of EOS and XRP

It’s been many months since PlusToken, the $2+ billion Bitcoin scam, has out of the cryptocurrency news cycle. The post Infamous $2 billion crypto scam PlusToken just moved millions worth of EOS and XRP appeared first on CryptoSlate.

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Crypto Experts Speak: The Post-Pandemic Market Scenario

The spread of the coronavirus has stalled many countries’ economies, including that of the United States. Lockdowns have seen businesses close and owners incur losses. Millions of people no longer earn a stable income due to the closing of their respective work stations.

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SEC Halts Crypto Scam, Alleging Two Brothers Stole Millions From Investors

The U.S. SEC freezes assets of several alleged crypto scams run by Hvizdzaks brothers.

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Kava Is Offering Users Millions to Mint Its Stablecoin With BNB

Interoperable DeFi gains a further boost today as Kava launches its lending platform. Built on the Cosmos SDK, Kava can interact with all blockchain assets. The first supported asset is... The post Kava Is Offering Users Millions to Mint Its Stablecoin With BNB appeared first on Crypto Briefing.

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Coinbase Offers US Feds New Crypto Surveillance Tools

Coinbase Analytics vaults the massive crypto exchange into a crowded field of blockchain tracing companies all vying for millions of federal dollars.

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MakerDAO’s MKR crypto rips 40% higher on news of coveted Coinbase listing

The past few months have seen Coinbase throw millions of dollars at supporting the budding decentralized finance (DeFi) ecosystem based on Ethereum.  As reported by CryptoSlate in December, a product manager at the company, Jacob Horne said: “DeFi, or decentralized finance, is an essential part of an open financial system.

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MIT Group Funding Shows Growing Crypto Trading Interest

An MIT startup focused on providing institutions better access to crypto trading technologies, recently secured millions in funding.

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Crypto Visa card to launch for UK and Europe

Eidoo’s non-custodial card is targeted for millions of Visa users in the UK and Europe Decentralised finance (DeFi) platform, Eidoo, has announced the launch of a Visa-enabled crypto debit card that the company says will bring crypto payments to millions of users in the UK and Europe.

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Blockchain Bites: Iran and Russia Revisit Crypto Regulations, Bitcoin Pizza Day 10 Years Later

Ten years ago today someone spent 10,000 bitcoin on about $30 worth of pizza. Today, nations are redrafting crypto regulation and crypto firms report millions in revenues.

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Cardano is Working on a Microchip That Would Give Crypto a Cash-like Experience

Cardano is working on a crypto-native microchip that would enable crypto transitions without the internet access, potentially delivering fiat-like experience to the hundreds of millions around the world.

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Shopify Adds CoinPayments Support to Bring Crypto Payments to Millions of Merchants

A deal has been struck between the world’s largest crypto payment processor and a major e-commerce platform — another step towards widespread adoption? Shopify, a Canadian-based e-commerce platform, has added cryptocurrency as a payment method for sellers on the platform, making the announcement in a press statement, potentially growing Shopify’s customer base.

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Crypto Tidbits: Bitcoin Halving, Reddit Using Ethereum, JP Morgan Dabbles in Crypto

Another week, another round of Crypto Tidbits. Bitcoin has seen quite the tumultuous week, The cryptocurrency started off the week with a bang, collapsing from ~$9,700, the weekly open price, to a low of $8,100, in a dramatic sell-off that liquidated over $200 million worth of long positions on BitMEX and hundreds of millions of more...

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Reddit Just Rolled Out an Ethereum-Based Crypto to Over 20 Million Users

Last month, as reported by NewsBTC, leaked screenshots suggested that Reddit was dabbling in Ethereum. Information shared by a user named “MagoCrypto” indicated that the giant social media forum with hundreds of millions of active users had attached an Ethereum address to the accounts of a limited set of users. Mago suggested that from the...

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A Massive VC Just Raised $500M to Back Crypto: Here’s Why It’s Important

Supply chains have ground to a halt and dozens of millions are unemployed but this hasn’t stopped crypto from getting a big fundamental boost: one of Silicon Valley’s most respected venture capital firms just raised half a billion dollars to invest in industry startups.

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Bullish for Crypto: A G7 Central Bank Confirmed It’s Floating Negative Rates

Despite the roaring recovery in the S&P 500, crypto, and other markets,  many facets of the global economy remain in recession. Dozens of millions are unemployed, consumer spending is down, and the global supply chain has come to a screeching halt.

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Bitcoin’s Move Past $8,000 Liquidates Millions; Sends Bears into Hiding

Bitcoin’s overnight upswing allowed the crypto to gain what appears to be a firm foothold within the $8,000 region This movement came about shortly after the extended period of sideways trading that it faced throughout the past several days It also liquidated millions of dollars in short-positions, leading BTC’s open interest to dive as bears go into hiding Bitcoin’s notable overnight rally has marked a major extension of the uptrend that was first sparked when […]

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Top 10 Gainers by Crypto Market Cap in Q1 2020

On CoinMarketCap, the “Gainers & Losers” tool is one of the most popular among our millions of users. It ranksContinue Reading The post Top 10 Gainers by Crypto Market Cap in Q1 2020 appeared first on CoinMarketCap Blog.

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TV Reporter Warns of Facebook Ads That Claim They Made Millions From BTC

The TV presenter’s warning comes amid an increase in the number of crypto investment scams using fake ads featuring localized celebrities to target victims

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British TV Star Rylan Clark-Neal Gets Involved in Bitcoin (BTC) Scam. Read His Full Statement

TV regular Rylan Clark-Neal denies making millions from Bitcoin, warning about a crypto scam

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Dutch Bitcoin Companies Face Millions in “Unusual” AML Fees

As each member of the European Union turns the fifth anti-money laundering directive (AMLD5) into law, some member states are going above and beyond what has been recommended. In Holland,...The post Dutch Bitcoin Companies Face Millions in “Unusual” AML Fees appeared first on Crypto Briefing.

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Tech Investor Palihapitiya says Bitcoin Price will Either Reach Millions or go to Zero

In a recent interview with Anthony Pompliano, Partner at Morgan Creek Digital Assets, crypto billionaire Chamath Palihapitiya said bitcoin could reach $1 million once it is globally adopted, creating a new financial model similar to a quasi-gold standard.

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Coinbase Wallet Users Can Now Earn Interest From DeFi DApps Directly In The App

The Coinbase Wallet has just integrated with decentralized finance (DeFi) apps in order to allow its users to lend crypto assets and track the growth of their interest straight from the wallet app. As an announcement made by Coinbase on Wednesday says, Coinbase Wallet users are already putting millions into DeFi platforms through the wallet’s […]

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Feds Battle OneCoin Launderer’s Acquittal Motion

Federal prosecutors have replied to Mark Scott’s attempt to have his OneCoin fraud convictions dismissed. Last year a jury found Scott guilty of laundering USD $400 million for the crypto scam, all while keeping millions for himself.

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Former Bakkt CEO Accused of Selling Millions After Coronavirus Briefing

On Jan. 24, 2020, the former CEO of the digital assets marketplace, Bakkt, met with health officials to discuss the spread of the Coronavirus.  Reports are now emerging that Kelly...The post Former Bakkt CEO Accused of Selling Millions After Coronavirus Briefing appeared first on Crypto Briefing.

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Crypto.com Ramps up Support to Ease Coronavirus Quarantine

With millions of people worldwide forced into quarantine at home, Crypto. com has launched an initiative to support and promote online shopping. Crypto. com to Offer 2X Pay Rewards The payments and...The post Crypto.

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Crypto Carnage, Fears of $1,000 BTC, MakerDAO Crisis: Hodler’s Digest, Mar. 9–15

In this week’s Hodler’s Digest, Bitcoin’s dramatic decline, MakerDAO left with bad debt worth millions, and how a BTC miner ended up with an $8M windfall

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Stolen NEM From Coincheck in 2018 is Still Available on the Darknet

Nearly two years ago, the Japanese crypto exchange Coincheck suffered from a major hack. During that incident, millions of dollars worth of NEM currency were taken by criminals. Despite several investigations, not all of that money was retrieved.

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Which Crypto is the Most Profitable to Mine in 2020?

Crypto mining is becoming exponentially competitive. It used to be that anyone with a PC could mine at a profit, but now you need expensive equipment to stand any chance. So what’s the most profitable crypto to mine in 2020?  Bitcoin is the most profitable if you have millions to invest Crypto mining profitability is highly nuanced, it depends on a wide range of variables such as hardware, electricity costs, and the type of cryptocurrency […]

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