Stablecoins may qualify as “money” under Texas law, according to updated guidance from the state Department of Banking. A memo published Wednesday by Texas Banking Commissioner Charles Cooper outlines how cryptocurrencies are to be treated under local and federal regulations, in particular adding details of how stablecoins backed by sovereign, or fiat, currencies may be assessed. The […]

CCN had a chance to talk to Arjun Mendhi of MTonomy. MTonomy is a Netflix, Google Play, or Amazon Primeexperience for Ethereum users. Based in Cambridge, MTonomy went live this week. Part of their team come from the MIT Media lab’s Digital Currency Initiative, which a number of famous Bitcoin developers have worked through, including Gavin Andresen. They will be adding […]

The American Economic Association (AEA) will host four dedicated presentations of cryptocurrencyand blockchain research today, Jan. 4, as part of its ongoing annual meeting. The session, dubbed ‘Blockchain and Tokenomics,’ will cover four academic papers from various sources. It will be hosted by the academic group the Econometrics Society and chaired by Lin William Cong, assistant professor of finance at […]

Crypto bull John McAfee threw down the gauntlet to the US Internal Revenue Service, and dared the agency to come after him for tax evasion. McAfee, 73, confessed in a stunning tweetstorm that he hasn’t filed a tax return in eight years. Why? He explained: Taxation is illegal. I paid tens of millions already and […]

New York State is officially launching a cryptocurrency task force aimed at helping the state understand cryptocurrencies and their underlying blockchain technology. Governor Andrew Cuomo signed a bill last month creating the task force to study cryptocurrencies, other forms of digital currency and blockchain technology, according to a press release issued Wednesday by the bill’s sponsor, Assemblyman […]

The website of Dublin’s light rail system, Luas, has gone down after it was hacked, the Irish Examiner has reported. Consequently, visitors to the website, which has been offline for more than three hours now, are being greeted with a message that the hacker(s) posted citing their demands. The unidentified hackers are demanding to be paid one bitcoin in […]

Taxes are just around the corner, including for cryptocurrency. Cryptocurrency is just like any other asset class when tax season comes around. Unfortunately, cryptocurrency taxes appear so complex that few people file them. Others see cryptocurrency as a means to move money illegally – which means avoiding cryptocurrency taxes entirely. As cryptocurrency becomes more mainstream […]

Despite the price of bitcoin reaching a record high in 2017 and then taking a bearish turn as 2018 kicked in, bitcoin bulls were not deterred and continued making overoptimistic predictions throughout the year. Among the prominent bitcoin bulls, the co-founder of markets analysis firm Fundstrat Global, Tom Lee, stood out for his unrelenting optimism […]

If you ever check bitcoin prices on a cryptocurrency exchange, make sure you delete your digital cookies. Failing to do so may put your personal data like passwords, credit card information, and saved iPhone text messages on your Mac computer at risk of being accessed by hackers. Cybersecurity researchers from Palo Alto Networks published research […]

Hong Kong financial regulators are reluctant to back any crypto-related business at this moment in time while proper rules are being drafted to regulate initial public offerings (IPOs). The news might have a serious knock-on effect on the application of the Bitmain IPO and other related crypto projects in Hong Kong in the near future. […]