Cryptocoin Report News

CryptoCoinReport.Net The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years

TheCryptoCoinReport: CryptoCoinReport.Net The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years CryptoCoinReport.Net The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years The U.S. Internal Revenue Service (IRS) has published its first guidance in five years for calculating taxes owed on cryptocurrency holdings. Industry members have been eagerly awaiting the […]

Cryptocoin Report News

The Global Monetary Equality Foundation Releases it Crypto currency the “Gummie” Coin it’s the 1st of its kind

THE OFFICIAL DIGITAL TOKEN OF WSAIGO The “GME Coin” or “Gummees” are the official digital token issued by The Global Monetary Equality Foundation (“GME Foundation” or “issuer”), which is being fiscally sponsored by World Sports Alliance (USA), a Nonprofit Corporation (“WSAUSA”) whereby both can be referred to jointly and severally as “Issuer”. The GME Coin […]

Cryptocoin Report News

TheCryptoCoinReport: UK Startup Launches Crypto Insurance, 24/7 Bitcoin-Monitoring Service

Cardiff-based cryptocurrency insurance startup Coincover has launched an insurance policy covering theft and loss. Local news outlet Whales247 reported on Sept. 24 that this is “the first and only service to guarantee digital funds held online will not be lost or stolen.”  Coincover’s service reportedly monitors the wallet at all times and issues warnings in case of […]

Cryptocoin Report News

TheCryptoCoinReport: Welcome to TheCryptoCoinReport.net – What is a Cryptocurrency?

TheCryptoCoinReport: Welcome to TheCryptoCoinReport.net – What is a Cryptocurrency? Welcome to TheCryptoCoinReport.net – What is a Cryptocurrency? The definition of a cryptocurrency is a digital currency built with cryptographic protocols that make transactions secure and difficult to fake.  The most important feature of a cryptocurrency is that it is not controlled by any central authority: […]

Cryptocoin Report News

The IRS Is Blindly Coming After Cryptocurrency Traders — Here’s Why

Over the past month, we have seen the IRS, the tax-collecting agency of the United States, send out more than 10,000 warning and action letters to suspected cryptocurrency holders and traders who may have misreported digital assets on their tax returns. Letters like the 6174-A, 6173 and CP2000 have appeared in the mailboxes of cryptocurrency traders […]

Cryptocoin Report News

Germany’s Largest Bank Joins JPMorgan’s Blockchain Network

Germany’s largest bank, Deutsche Bank, has joined JPMorgan’s blockchain-based network, the Interbank Information Network (IIN). Two years in operation Launched as a pilot in 2017, the JPMorgan-led blockchain initiative now has a network of 320 banks that have entered the platform to swap global payments data using the Ethereum network, the Financial Times reported on Sept. 15. Takis Georgakopoulos, head […]