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The United States Internal Revenue Service has implemented an effective taxation mechanism on all crypto assets. In essence, every time a person makes a purchase or an exchange using a digital currency, they are exposed to major taxations compared to people who use normal fiat currencies.   Many analysts have argued that this brutal tax regime has been one of the …

Bill to Exempt Small Crypto Transactions from Taxes Returns to US Congress  A new bill that exempts small crypto transactions from the capital gains tax is expected to return to Congress for additional deliberations. The bill has been in the works for years and has been pushed through by a Washington-based non-profit dubbed the Coin Center.   Titled the Virtual Currency Tax Fairness Act of 2020, the bill …

Bitcoin Surpasses $9,000: What Does This Mean? Bitcoin has finally surpassed the $9,000 mark. The cryptocurrency spent two days on the high $8,000s hitting $8,700 at some point. But the prices surged later in the day by nearly 3%, surpassing$9,000 for the first time in two months. Nonetheless, the crypto …

San Francisco, CA – Ripple and BitPay partnership is heading up into new heights as Ripple’s XRP is starting to increase its reach in other outlets. It might be a little early to celebrate just yet, but XRP is set to have a significant upward move as 2019 ends. BitPay …

Washington, D.C. – PayPal recently announced it is dropping its support to the Facebook backed Libra Association. The company gave a statement, Friday, on its decision to forgo any and further association with Libra, and shifting their time and efforts into advancing their existing business priorities and missions. The decision …

Pre orders for the new recently released iPhone 11, Pro and Pro Max have begun. The new smartphone range from Apple boats better battery life, high resolution screen and better quality photos – thanks to an either double or triple camera lens. I’m a huge Apple fan myself and always …

I reviewed Bitgrum’s website stats before I started typing this and owe a HUGE thanks to our readers over the past year or so for your support, it’s greatly appreciated. We have provided news content on an ad-hoc basis and struggled to find our feet. We are now back with …

I would like to draw our reader’s attention to the recent announcement published by Binance CEO Chanegpeg Zhao, also known by his initials, CZ. It was regarding the update to its launch of the bitcoin-pegged token to be available on the Binance chain. I want to briefly give you guys …

Bitcoin dominance is almost at 54% as analysts are now holding back in trades waiting for the Bitcoin to make its next move. Traders are postponing trades as they don’t want to expose too much of their capital in these volatile conditions. Whilst a booming BTC price is something we …