Bank of America Becomes the Latest Credit Card-Issuer to Ban Bitcoin

U.S. banks really aren’t big on bitcoin. That’s the inference to be drawn from a widespread crypto crackdown led by major financial institutions. Bank of America, the country’s second largest bank, is the latest player to give bitcoin the thumbs down, joining JP Morgan Chase and Citigroup in seeking to distance itself from cryptocurrency purchases … Read more

Coinbase Sends American Clients IRS Tax Form 1099-K

If you are an American client of Coinbase and made plenty of transactions during 2017, you better check your email. The company sent out tax forms for 2017 to many clients who were not necessarily expecting it. Also Read: Bitcoin Tax Reporting Software Developer Node40 Acquired for $8m IRS Tax Form San Francisco-based cryptocurrency exchange … Read more

Hawaii’s New Money Transmitters Act Will Require Virtual Currency Licenses

The state of Hawaii is planning to regulate the use of bitcoin and digital currencies that would require licensure to transmit cryptocurrency-based funds. Two bills introduced by a group of partisan Hawaiian lawmakers are focused on digital currencies as a monetary instrument under the state’s Money Transmitters Act. Also read: Coinbase Exits as Hawaii Requires Bitcoin … Read more

Coinsquare to Launch IPO on TSX — Hopes to Compete With Coinbase

This week the well known Canadian digital asset exchange, Coinsquare announced its plans to launch an initial public offering (IPO) hoping to raise $150 million CAD ($120Mn USD). Coinsquare hopes the funding will help the platform be a direct competitor with cryptocurrency brokerage services like Coinbase and other U.S. based exchanges. Also read: Russia Finalizes Federal Law … Read more

Visa and Mastercard Now Charge an Additional Fee for Buying Cryptocurrency

There are many reasons why so many people use the Coinbase exchange. One of the main factors is that the company supports both credit and debit cards to buy Bitcoin and other supported currencies. Unfortunately, it seems there are some issues with these payment methods. A lot of customers have complained about extra charges when using a … Read more