A California-based college student who turned $5,000 into $880,000 through trading cryptocurrency is now facing $400,000 in taxes. The crux? Following this year’s market-downturn, his current portfolio is only valued at $125,000. More specifically, this student recently took to Reddit to share his story and ask the cryptocurrency community for advice. In a post entitled … Continue reading Student Faces $400K Crypto Tax Liability on Holdings Worth $125K
We have entered the last quarter of 2018. The valuation has dropped from over $800 billion to around $200 billion. Even though the price has been falling, the cryptocurrency industry has been developing, and the infrastructure is becoming more accessible. Why has the cryptocurrency market been falling during 2018? The cryptocurrency market has been tumbling … Continue reading Will Bitcoin Price Recover in 2019?
The cryptocurrency exchange Binance launched a Ugandan subsidiary this October. Now, Binance Uganda has revealed that 40,000 cryptocurrency traders joined the platform during the first week it was available. It is no secret that developing markets oftentimes show a marked appetite for cryptocurrencies. This largely stems from how traditional banking services can be hard or … Continue reading 40,000 Users Join Binance Uganda in Its First Week
Even though Bitcoin has celebrated its 10 year anniversary earlier this week, the nascent industry of digital assets continues to be plagued by fraud, which is one of the main obstacles, hindering mass adoption. However, Nasdaq, the leading global stock exchange operator, is ready to lend a helping hand in stamping out fraud from the … Continue reading Nasdaq Will Help the Crypto Industry to Fight Fraud and Market Manipulation