Was Bitcoin Cash Targeted in a Pump and Dump Scheme?

Was Bitcoin Cash Targeted in a Pump and Dump Scheme?

SUDDEN, SIGNIFICANT PRICE INCREASE “RAISES EYEBROWS” by Contributor (Dec. 23, 2018) — The cryptocurrency market has gotten a reputation for being a growing ground for pump and dump schemes and other scam operations, and it seems like it’s been hit with yet another one. This time, it’s Bitcoin Cash (BCH), the fourth-biggest cryptocurrency based on […]

IRS May Win Battle with Coinbase, Lose War with Bitcoin

IRS May Win Battle with Coinbase, Lose War with Bitcoin

“AN INNOVATIVE MEDIUM OF EXCHANGE” by Fergus, Hodgson, Tax Revolution Institute, ©2016 (Dec. 29, 2016) — Resistance from Coinbase and its customers toward the Internal Revenue Service summons appears futile. Their appeals against the “John Doe” data sweep will likely fall flat, because the IRS is correct in its suspicions. As reported in detail by […]

IRS Missteps with Bitcoin Lead to Witch Hunt of Coinbase Clients

IRS Missteps with Bitcoin Lead to Witch Hunt of Coinbase Clients

“BOUND TO ADVERSELY AFFECT THE INDUSTRY” by Fergus Hodgson, Tax Revolution Institute, ©2016 (Nov. 18, 2016) — The Internal Revenue Service has dropped the ball on bitcoin and left users with little choice but noncompliance. Agency officials may have been in denial for the past few years, but the weight of criticism from both government […]

Watchdog Wants IRS to Get Tough on Bitcoin

Watchdog Wants IRS to Get Tough on Bitcoin

“COMPLICATED, TO SAY THE LEAST” by Guillermo Jimenez, Tax Revolution Institute, ©2016 (Nov. 16, 2016) — It’s been the “Wild West” for the users of virtual currencies like bitcoin for years, and the times they are … well, not changing very much at all. This is especially true when it comes to compliance with the […]

Why the IRS “Sharing Economy” Outreach Solves Nothing

Why the IRS “Sharing Economy” Outreach Solves Nothing

“ALMOST IMPOSSIBLE” by Fergus Hodgson, Tax Revolution Institute, ©2016 (Sep. 7, 2016) — When an organization announces a new initiative, what do you expect? A staff list, contact details, social media, and invitations to engage? Not when it’s the Internal Revenue Service. The new IRS Sharing Economy Resource Center, announced on August 22, has none […]