US

The 2019 tax filing deadline is fast approaching in the U.S. Even for those who declare traditional income; the process is still long. Crypto holders in the United States and beyond face declarations of cryptocurrency assets issues without conflict arising with the IRS. As a result, both Blockfolio and Token Tax are making efforts to ensure the simplicity of United States residents' process.  Integration Goal TokenTax is a platform where crypto investors can analyze data from cryptocurrency transactions and generate…

Even since their launch, Cryptocurrencies are the conversation in most U.S. minds. Well, notwithstanding the crypto community's very own Andrew Yang’s failure to clinch the Democratic Party's presidential ticket. The number of firms and patents in the US related to cryptos and blockchain technology keeps on going through the roof. These two factors make Cryptos a hot economic as well as a political topic. Query At The Senate The US President, Donald J. Trump proposed a $4.8 trillion for 2020,…

Recently, there is a rise in women and children trafficking in the United States. However, critical observation of human trafficking is currently ongoing. The US lawmakers, and the Department of Justice under the Attorney General William Barr, are considering the prohibition of cryptography. Barr is against end-to-end encryption and believes human traffickers highly depend on digital communication and the internet, and these perpetrators should get detected and addressed. Barr also pointed out that digital proof is undergoing encryption and that…

Following laws and amendments made by the United States regarding bill preparation on stablecoins, concerns related to various technologies and firms interested in cryptocurrency creation are raised.  The House committee drafted legislation proposed on 15th of July 2019, focuses on Libra by Facebook, and primarily restricts these large technology firms from operating practices similar to financial institutions. The large technology firms implied in the draft legislation are majorly the online platform service providers who are minimum annual revenue earnings approximate…

The cryptocurrency industry is experiencing challenges from governments and regulators. A renowned internet entrepreneur, Kim Dotcom, recently forecasted a massive crackdown within the United States cryptocurrency industry. Dotcom warned that cryptocurrency might become illegal in the US. The regulatory agencies in the US are keeping a close leash on the cryptocurrency industry in the country. However, Bitcoin, to be specific, is facing the most scrutiny than praise in the country. Kim Dotcom is the founder of Megaupload and hugely supports…

Bitcoin is a revolutionary concept that will forever change how we understand and deal with finances. Since its release in 2009, the best-known cryptocurrency has taken the world by storm. It delivers an alternative to fiat money, quicker bank transfers, and countless possibilities of development for blockchain-based digital assets. Many see Bitcoin as the next best thing since the invention of the internet. Like the world wide web, its influence might surpass the financial system's borders and shape geopolitical issues.…