Technology

With Tax Day fast approaching, CoinDesk’s Markets Daily covers all things IRS and crypto taxes on today’s show! Bitcoin is locked in a low-volatility squeeze similar to one seen ahead of a 40% price crash in November 2018. This time may be different. Have questions about filing your crypto taxes? CoinDesk dives into what we
MOSCOW — No government can stop bitcoin transactions, which suggests the cryptocurrency is an ideal way for dissidents and activists to raise funds. This should be especially true in Vladimir Putin’s Russia, where independent politicians and civic groups have been under increasing pressure from the Kremlin. Opposition politicians, human rights groups and independent media are
Bitcoin’s characteristically high volatility could return soon, giving exhausted traders an end to months of abnormally calm price action. A new metric for on-chain activity makes this prediction by measuring exchange volumes and on-chain transaction volume together to derive a signal for inflection points in bitcoin volatility. Published to popular charting interface TradingView on Tuesday,
HDR Global Trading, parent company of derivatives trading platform BitMEX, has undergone a perhaps controversial rebranding. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests
As the race for Central Bank Digital Currencies heats up, CoinDesk’s Markets Daily is back for your bitcoin news roundup! As rivals and allies move forward with their own CBDC plans, Japan will seriously consider a digital yen as part of this year’s policy agenda.  Now three Tencent-backed companies are setting themselves up to become
Hackers pumping a crypto giveaway scam appear to have compromised the Twitter accounts of leading exchanges, individuals and at least one news org. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating
U.S. prosecutors indicated a Dutch national Thursday for allegedly spearheading a rape and child pornography website that’s made over $1.6 million worth of bitcoin selling videos since 2012. Known as “Michael R.M.,” and “Mr. Dark,” the man allegedly ran a site called “DarkScandals” that operated on the darknet, which requires special software to access, and
Kadena CEO Will Martino had already been considering abandoning his blockchain development company’s Brooklyn HQ before coronavirus came to New York City. The fast-spreading virus, however, recently convinced him the office had to go. On Feb. 21, he told his team to begin working from home. The New York Metropolitan area’s surging coronavirus count is
Washington state resident Kenneth Warren Rhule has been charged with laundering over $140,000 in bitcoin after agents with Homeland Security Investigations (HSI) made a series of undercover cash-for-crypto deals with the 26-year-old. Rhule faces multiple counts of operating an unlicensed bitcoin money transmitter business and laundering monetary instruments after allegedly meeting with government agents “posing
The fifth anti-money laundering directive (AMLD5) has unexpectedly increased institutional interest in cryptocurrencies, according to an executive at the crypto trading subsidiary of Boerse Stuttgart. Speaking at the CryptoCompare London conference Tuesday, Boerse Stuttgart’s chief digital officer, Dr. Ulli Spankowski, admitted he had been “surprised” by the positive effect 5AMLD had on attracting traditional financial