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Why Europe is Fertile Ground for Blockchain New Industrial Revolution

The first industrial revolution, the transition to new manufacturing processes, and the second industrial revolution, the technological revolution, both started in Great Britain and then spread through Europe before reaching the US and beyond.Both changed the world deeply, at its roots. The next industrial revolution is happening now, in the cradle of Europe, and it will change our world more than

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Only 802 People Paid Taxes on Bitcoin Profits, IRS Says

Talk about investing in Bitcoin and the news of people becoming ‘bitcoinnaires’ are almost everywhere these days – newspapers, TV’s, radio, and the Internet. However, one thing is missing from these stories: the tax man.Yes, Virginia, Bitcoin is taxableThe IRS began issuing guidance on taxation of Bitcoin in March 2014. At that time, the agency announced that Bitcoin would be treated as pr

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IRS To Go After Bitcoin and Bitcoin Cash Profits, What to Expect

Recent developments lead many to Bitcoin mining and investing in Bitcoin as many tend to believe that it is a great start for investment. Regulators and tax specialists are now looking into cryptocurrencies and how they should be treated when it comes to income taxation.Since there are currently no set guidelines and procedures as to how cryptocurrencies are being taxed, the recent split of Bitcoi

U.S. Lawmakers Aim to Protect Bitcoin Users from Government Harassment

Regulation Members of the U.S. government are steadily preparing legislation towards the use of cryptocurrencies. Some representatives from Congress want to add strict regulatory guidelines, and some of them believe virtual currencies can never be compliant. According to reports, three members of Congress are in the midst of drafting legisl

IRS May Consider Bitcoin Cash Fork Taxable Income This Year

Taxes The U.S. Internal Revenue Service (IRS) may consider bitcoin cash taxable this year, according to tax experts. Some bitcoin cash recipients could owe tax at rates as high as 39.6%.Also read: Federal Judge Sides with Coinbase Customer Against IRSBitcoin Cash Could be Treated as IncomeAt the time of the Bitcoin network split on August

IRS May Consider Bitcoin Cash Fork Taxable Income This Year

Taxes The U.S. Internal Revenue Service (IRS) may consider bitcoin cash taxable this year, according to tax experts. Some bitcoin cash recipients could owe tax at rates as high as 39.6%.Also read: Federal Judge Sides with Coinbase Customer Against IRSBitcoin Cash Could be Treated as IncomeAt the time of the Bitcoin network split on August

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