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Coinbase and other crypto exchanges get probed by New York’s Attorney General

New York Attorney General Eric Schneiderman has launched an investigation into cryptocurrency exchanges in the hopes of providing transparency and accountability to a marketplace that frequently operates in a black box. The AG has sent letters to 13 major virtual currency trading platforms, asking for information about their operations, internal controls, and consumer protections. Platforms … Continue reading “Coinbase and other crypto exchanges get probed by New York’s Attorney General”

Coinbase and other crypto exchanges get probed by New York’s Attorney General
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Investing app Robinhood is raising $350 million, valuing it at $5 billion

Stock-trading app Robinhood is in talks with investors to raise about $350 million in new venture funding at a $5.6 billion valuation, according to the Wall Street Journal. The startup, which has raised $176 million to date, was valued at $1.3 billion last April. The new round was led, the Journal reports, by DST Global, … Continue reading “Investing app Robinhood is raising $350 million, valuing it at $5 billion”

Investing app Robinhood is raising $350 million, valuing it at $5 billion
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Coinbase is handing over tax information on 13,000 accounts after legal fight with IRS

Coinbase, a popular cryptocurrency wallet, has agreed to provide the IRS with account information on 13,000 users, including their taxpayer IDs and transaction records. The IRS request focuses on Coinbase users who bought or sold more than $20,000 worth of bitcoin and other cryptocurrencies during the span of a calendar year between 2013 and 2015. … Continue reading “Coinbase is handing over tax information on 13,000 accounts after legal fight with IRS”

Coinbase is handing over tax information on 13,000 accounts after legal fight with IRS
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Bitcoin and taxes: Is anyone reporting cryptocurrency trades in their 2017 returns?

So far, it would appear not! Credit Karma, which operates a tax-filing service, said Tuesday that out the 250,000-plus 2017 federal tax returns it has processed to date, less than 0.04% of them include any mention of a cryptocurrency transaction. And yet some surveys suggest that as many as half of Americans have made investments in … Continue reading “Bitcoin and taxes: Is anyone reporting cryptocurrency trades in their 2017 returns?”

Bitcoin and taxes: Is anyone reporting cryptocurrency trades in their 2017 returns?
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Robinhood takes aim at Coinbase with commission-free crypto trading

Robinhood is getting into crypto. The mobile-first brokerage app, which boasts over 3 million registered accounts, will begin allowing customers to trade bitcoin and ethereum in February. Starting today, customers will also be able to monitor market data and set alerts for 16 major cryptocurrencies. The move puts Robinhood into direct competition with Coinbase, the … Continue reading “Robinhood takes aim at Coinbase with commission-free crypto trading”

Robinhood takes aim at Coinbase with commission-free crypto trading
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