Reuters Staff – Reuters
The U.S. Internal Revenue Service said it would give taxpayers an additional day to file their 2017 returns after computer problems prevented some people from filing or paying their taxes ahead of deadline.
Aaron Hankin – MarketWatch
A significant number of investors have decided not to report gains from digital currency trading.According to a recent survey from TeamBlind, an anonymous social app for tech employees, 46% of people who made money trading cryptocurrencies in 2017 will attempt to dodge the tax man.
DNT: According to a 2014 ruling from the IRS, cryptocurrencies are taxed as property. Let’s not forget that BTC bulls said several times that the tax season is the main cause of Bitcoin latest underperformance because owners are selling it to fiat to pay their taxes. We will see.
Reuters Staff – Reuters
Nikhilesh De – CoinDesk
Telegram founder Pavel Durov said that he has been paying network administrators in bitcoin to bypass a government ban on his popular messaging platform.
DNT: Check also our yesterday’s edition for more on this topic.
Josh Constine – TechCrunch
William Suberg – Cointelegraph
Several high-profile investors have confirmed investing in a funding round that raised $28 mln for Harbor, a Blockchain company looking to remove legal barriers to securities trading.
Tommy Wilkes – Reuters
Some of Europe’s biggest venture capital firms are buying into sales of new virtual coins or asking their investors to give them the freedom to do so, in a sign of mainstream investor backing for the booming but controversial crowdfunding tool.
DNT: Ready, steady, go!
Have an interesting project/company looking for more visibility? Why don’t you send us more details, and after our review your project might get listed it in this section! Contact us HERE!
Chris Dolmetsch & Camila Russo – Bloomberg (subscription)
Reuters Staff – Reuters
New York Attorney General Eric Schneiderman sought information from 13 cryptocurrency trading platforms, including Coinbase and Gemini Trust, about their operations such as fee structures and safety measures to protect customer accounts.
“With cryptocurrency on the rise, consumers in New York and across the country have a right to transparency and accountability when they invest their money,” Schneiderman said.
Ryan Browne – CNBC
Cryptocurrency wallet and exchange firm Coinbase has hired a Wall Street executive as its finance chief.The company said in a blog post that Alesia Haas, the CFO of publicly traded hedge fund Och-Ziff Capital Management, will join it as chief financial officer immediately. Haas will help Oz Management with the transition until June 1.
FAO: I don’t think their HR people are getting any sleep these days. It’s “pedal to the metal” at Coinbase on growing the team and developing the business. They know what’s coming and do their best to be prepared. Use our FREE ARCHIVE to see their latest hirings and acquisitions.
Arjun Kharpal – CNBC
Blockchain has hired a former Goldman Sachs executive to help boost its presence with institutional clients. Breanne Madigan joined the firm this month, Blockchain announced She will take up the role as head of institutional sales and strategy.
DNT: Madigan most recently served as head of institutional wealth services at Goldman Sachs,according to information provided by Blockchain.
Dahee Kim – Reuters
Six months after South Korea banned the issuance of new cryptocurrencies, they are starting to creep back into the country by using overseas listings for local trading.
Anna Irrera – Reuters
Nathaniel Popper & Nicholas Confessore – The New York Times
The embattled political data firm Cambridge Analytica quietly sought to develop its own virtual currency in recent months through a so-called ICON, a novel fundraising method that has come under growing scrutiny by financial regulators around the world.
Omkar Godbole – Coindesk
Olga Kharif – Bloomberg (subscription)
Bitcoin is at an inflection point.
Even with the price back above $8,000, many of the so-called miners that perform the complex calculations to generate the digital currency are at risk of turning unprofitable.
Frank Chaparro – Business Insider
Citigroup is looking to staff up a unit of the bank looking at risks associated with money laundering.The New York-based financial-services giant is seeking a vice president and senior vice president to explore risks associated with money laundering in bitcoin, cryptocurrency, and other nascent payment technologies, according to LinkedIn job ads.
Qian Chen – CNBC
Chinese entrepreneur Sam Ling and his partner spent $2.35 million bidding on a private lunch with Warren Buffett in 2015.Buffett, who Ling calls his “idol,” has expressed skepticism about cryptocurrencies.Ling, nonetheless, says he is willing to bet that his cryptocurrency index will outperform Buffett’s portfolio over the next 10 years.
Connor Blenkinsop – Cointelegraph
A Blockchain-driven platform has announced it will begin testing a brand-new transaction system for cryptocurrency payments within the coming days.Eligma says the beta version of its EliPay technology is going to be rolled out to selected retailers in BTC City, one of Europe’s largest shopping centers.
Via TechCrunch – Ripple’s Brad Garlinghouse and XRP Capital founder Michael Arrington to talk cryptocurrency at Disrupt SF 2018 (September 5 to September 7)
Dave Liedtka – Bloomberg (subscription)
Are Bitcoin bulls getting nervous?The largest cryptocurrency declined suddenly this afternoon absent any easily identified catalysts, putting the price on a pace to finish lower for the first time in seven days. Keep in mind that the decline was only as much as 1.6% the biggest intraday drop since April 12.
Bloomberg video (subscription)
DNT: Mark Yusko, Morgan Creek Capital Management CEO discusses the hedge fund’s purchase of crypto-focused venture-capital firm Full Tilt Capital. The Morgan Creek acquisitions of Full Tilt Capital was reported here, Deals & Investments Section.
Aaron Brown – Bloomberg (subscription)
Bitcoin is the largest and best-known cryptocurrency, but there are dozens of other major products and hundreds of minor ones, as well as cryptoassets and tokens. Yet there is no method or established tool that allows investors to analyze and value the assets that are being created seemingly every day.
Darah Hansen – The Globe and Mail
Bitcoin reached an important milestone last December. That’s when the digital currency made its debut on the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME) after months of furious debate over its intrinsic worth.
Los Angeles Times
Sindri Thor Stefansson A prisoner in Iceland suspected of masterminding the theft of about 600 computers that were being used to mine bitcoin and other virtual currencies escaped custody and fled on a passenger plane that a witness said also carried the remote North Atlantic nation’s prime minister.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News