Blockfolio and TokenTax Join Forces to Make Taxes Easier

Blockfolio users can now import their existing crypto portfolios into TokenTax’s automated software. The deadline for filing 2019 taxes in the United States is quickly approaching. Even for those declaring traditional income, the process can be lengthy to say the least. One of the biggest challenges for crypto holders in the US and beyond is how to declare their crypto assets and not run afoul of the IRS. Tax Season for Cryptocurrency Holders Made Simpler  Blockfolio and Token Tax are trying to make this process easier for US residents. TokenTax…

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Blockchain Use Gains Momentum in Oil Industry for Being Safer, Cheaper and Cleaner

The oil industry is facing some big challenges, and experts think blockchain could be the solution. Oil is central to the growth of the global economy and maintenance of political stability. But for an industry that plays such an important role in both shaping and maintaining the world around us, its business model is quickly becoming outdated. As the industry struggles to adapt to the demands of a rapidly changing and politically charged world, some of the largest oil companies are looking to modernize through blockchain.  Moreover, governments around the…

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Exclusive: Chinese Group Looking to Buy One of Latin America’s Largest Bitcoin Mines

According to unnamed sources close to the matter, a Chinese group is in talks to buy CoinPY, one of the leading Bitcoin mining firms in Latin America. Rocelo Lopes, CEO of Stratum, CoinPY, and one of the leading names in the Bitcoin and cryptocurrency market in Latin America, is negotiating the sale of Brazilian-owned, Paraguay-registered mining farm CoinPY, once a leading crypto company in Latin America. According to exclusive information obtained by Cointelegraph, the negotiation is already advanced and the entire mining plant in Paraguay will be sold to a…

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Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for Cryptocurrencies

In a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital platforms and decentralized cryptocurrencies. Also read: Russians Can Use Qiwi, Sberbank, Yandex Money and Now Binance P2P Exchange to Buy Bitcoin With Rubles Digital Remittance Volume Projected to Touch $143 Billion by 2023 According to numbers gathered by market data provider Statista, the total transaction value of digital…

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Bitcoin Price Loves Valentine’s Day as Historic Data Favors Bulls

Bitcoin price and volume have generally gone up on Valentine’s Day over the past five years as well as Ethereum and XRP prices. Bitcoin (BTC) has reached a record-high price for the year, and as the run-up to $10,000 occurred, Weiss Crypto Rating updated the asset to an A-. Recent news has also hinted at the possibility of the crypto market making a new bull run, which some analysts believe could lead Bitcoin’s price to reach a new all-time high, as reported by Cointelegraph.  Meanwhile, altcoins have continued their multi-week…

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Can Blockchain Survive Mass Adoption? Future Perils Disclosed

Will the mass adoption of blockchain help the industry flourish, or destroy the fundamental nature of the tech’s decentralized principles? Prediction can be a bit of a gamble. And when cryptocurrency and blockchain are involved, it wouldn’t be surprising to see people shying away from scrying experiments of any sort. Blockchain gets a bad rep because of its relation to Bitcoin (BTC), the cryptocurrency that many love to hate due to its apparently volatile value. But according to George Gilder, co-founder of the Discovery Institute in Seattle:  “Blockchain is the future…it…

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Look Out, Cryptoverse, Blockchain Education Is Just Getting Started

American universities are expanding blockchain education with no signs of stopping. As blockchain weaves its way deeper into the world economy, more American universities are teaching the technology, offering more courses and expanding delivery methods.   Kevin Werback, a professor and blockchain club mentor at the University of Pennsylvania, told Cointelegraph, “Even if they aren’t pursuing a career in the area, most students aren’t confident they can figure it out on their own. Blockchain is just so darn weird.” Weird it is, but employers are demanding more skilled Blockchain workers. Businesses,…

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Watch Spencer Bogart and Jacob Canfield Debate if Bitcoin Will Top $20,000 in 2020

Watch Spencer Bogart from Blockchain Capital and Jacob Canfield from Signal Profits debate whether the halving is priced in and if Bitcoin will top $20,000 in 2020. In this week’s crypto market update, Spencer Bogart from Blockchain Capital and Jacob Canfield from Signal Profits debate whether Bitcoin will top it’s all time high this year and if the halving is already priced in. Will all this talk of the halving finally convince host Giovanni Pigni to buy his first Bitcoin? Bogart explains the thinking behind Blockchain Capital’s predictions that major…

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Millions of Online Retailers Can Now Accept DAI on Coinbase Commerce

Millions of Coinbase Commerce merchants can accept stablecoin Dai as payment method. Coinbase Commerce, a platform that supports cryptocurrency payments for internet retailers, has added MakerDAO’s DAI stablecoin as a supported payment method this week.  This integration will let merchants around the world accept the USD-pegged stablecoin as payment for goods and services without Coinbase Commerce taking any extra fees. Merchants can add a “pay with crypto” button to their checkout process, or choose to accept DAI only. Shop owners can also currently earn a DAI savings rate of 7.5%.…

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South Korea Commits $16M to Training Future Digital Finance Experts

The South Korean government is going to invest $16 million in training more digital finance experts in the coming four years. The Korean financial services commission and the Seoul metropolitan government have announced plans to invest $16 million in training digital finance experts for four years on Feb. 12. The application period to win the grant is March 4-6. Details of the new program The FSC explained that the demand for specialists in financial technology is increasing. The program aims to ensure educational opportunities for the next generation of fintech…

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