IRS issues temporary relief on crypto cost-basis method changes

Downward selling pressure sees Bitcoin swiftly take out $30,000 support as Binance users report technical difficulties. Bitcoin (BTC) fell under $30,000 on Tuesday as the latest BTC price dip took the largest cryptocurrency below a significant “line in the sand.”BTC/USD 1-minute candle chart (Bitstamp). Source: TradingViewBitcoin beats May price bottomData from Cointelegraph Markets Pro and…

France’s economy and finance minister has repeated his criticism of Facebook’s digital currency Libra, saying he cannot allow its existence.Le Maire: France has “clear position” on LibraIn an opinion piece for the Financial Times on Oct. 17, Bruno Le Maire claimed Libra would take power over currency away from national governments.His comments echo similar reservations from…

Funding will be used to expand 1inch's presence in Asia and build new products. 665 Total views 3 Total shares The team behind the 1inch protocol, which combines an automated market maker protocol and an aggregator for other DEXs, announced on Wednesday a successful Series A round for $12 million.Pantera Capital, a major venture fund…

Incumbents in traditional capital markets, as well as new entrants looking to capture market share, should heed the innovations within the crypto ecosystem collectively known as decentralized finance, or DeFi. These innovations present a model for the direction that traditional capital markets are likely to take in the coming years as regulation catches up with…

Ethereum developer Péter Szilágyi announced that there was a bug that resulted in data loss in the latest release. 271 Total views 10 Total shares While the upcoming ETH Merge is one of the most anticipated events in the crypto community at the moment, it's not free from hiccups. However, Ethereum developers are quick to…

In a blog post on Sept 21, a16z's Miles Jennings discusses how decentralized autonomous organizations (DAOs) can avoid power centralization by applying Machiavelli's principles. 48 Total views 1 Total shares Principles written almost 500 years ago by Niccolò Machiavelli — author of the controversial political work "The Prince" — are the path to solving decentralized

The parent company of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE), has announced the launch date for Bitcoin (BTC) futures on its platform Bakkt, according to a document released Oct. 22.Bakkt is a platform for trading, storing, and spending digital assets that was established earlier this year by global exchange operator ICE.Per the…

An almost clean bullish sweep for on-chain indicators suggests that now is an ideal entry point for buyers, says data analyst firm CryptoQuant. Bitcoin (BTC) is a firm “buy” according to a range of on-chain indicators that are flashing bullish this week.Collected by on-chain monitoring resource CryptoQuant, a total of ten indicators are currently telling…

Democrat congresswoman Maxine Waters has proposed giving $2000 a month to every adult, and $1000 a month to every child in America, to help see them through the COVID-19 financial crisis.Waters — the Chair of the U.S. House Financial Services Committee — made a series of other extraordinary legislative proposals to help the economy in…