Tag: Virtual Currencies/Cryptocurrencies

The crypto industry could take tax fight all the way to the Supreme Court

The cryptocurrency community launched an all-out but ill-fated lobbying blitz to water down new proposed tax reporting rules that could be passed into law as early as next week. Now, the industry is changing tacks and readying for a constitutional fight in the courts that could help redefine Fourth Amendment protections against unreasonable government inquiries […]

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University of California student allegedly tapped into people’s cell phones to steal their cryptocurrency

It was the worst kind of wrong number. A 21-year-old student at the University of California San Diego allegedly commandeered the cell phone accounts of at least 40 people to plunder their cryptocurrency wallets, prosecutors said. Richard Yuan Li, of Hercules, Calif., is accused of operating what is called a SIM-swap scam from his dorm […]

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Litecoin hoax highlights crypto market vulnerable to scams: ‘Walmart has no relationship with litecoin,’ says big box retailer

An earlier version of this article incorrectly stated John Wu’s affiliation with Ava Labs, where he is president. Ava Labs was founded by a group including Emin Gün Sirer. Fake news appeared to give holders of virtual currencies very real agita on Monday, as a hoax news release sent litecoin briefly soaring before crumbling back […]

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Here’s a safer way to invest in bitcoin and blockchain technology

Bitcoin and other cryptocurrencies can be among the most volatile securities trading today. A safer way to invest in cryptos and blockchain-technology companies is through exchange traded funds. The Amplify Transformational Data Sharing ETF BLOK is, by far, the largest ETF focused on cryptocurrencies and companies that use or develop blockchain technology. It has $1.3 […]

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El Salvador’s bitcoin experiment splits community amid major price decline

The accession of bitcoin to the status of a legal currency in El Salvador was viewed by many cryptocurrency investors as a watershed moment, but the rocky rollout of the country’s digital wallet and growing concern over President Nayib Bukele’s tactical approach to the bitcoinization of his country’s economy has caused some supporters to warn that […]

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‘Bitcoin Day’ in El Salvador ushers in the promise and peril of crypto

El Salvador may have just become the world’s largest currency testing ground. The country officially adopted bitcoin as a legal tender, as its bitcoin law, which was passed in June, becomes effective Tuesday.  Bitcoin BTCUSD, -9.75% can now be used to settle transactions and pay taxes in the Central American country. Since the plan was […]

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Coinbase is on its way to becoming ‘one-stop shop’ for all things crypto, analyst says

Coinbase Global Inc. is making progress on its efforts to be “more than an exchange,” and that’s one reason to be bullish on its stock, according to Needham analyst John Todaro. He initiated coverage of Coinbase’s stock COIN, +4.26% with a buy rating and $420 price target Tuesday, arguing that the company has “significant future […]

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