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 […]
“TAKE PROPER PRECAUTIONS” by Samuel Bocetta, ©2018 (Jan. 29, 2018) — The internet is a lot like high school. The rumor mill is always churning and conspiracy theories abound. Most of these wild rumors or theories are obviously the stuff of eccentric invention, but every so often, a claim is made by someone with a […]
“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 […]
“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 […]
“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 […]
“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 […]