Tag: U.S

Despite research showing that millions of Americans hold cryptocurrencies, only a few states have actually enacted tax laws or issued concrete guidance on how to deal with the relatively new phenomenon, Bloomberg Tax reported on September 12. Bitcoin Tax Laws Virtually Nonexistent Can cryptocurrencies be regarded as cash? Can they be subjected to the same taxing laws? Can they be…

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As suspicion and excitement about blockchain technology circles the globe, the United States finds itself in need of a strategy to find itself on the right side of this revolution in tech. National Security Concerns While on the one hand, blockchain and cryptocurrencies can be used for quick transfers of wealth and the creation of a new generation of powerful…

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Results of a survey published by Wells Fargo Gallup on July 28, 2018, revealed that only two percent of US has invested in bitcoin, less than one percent plan to buy in near future while it influences 26 percent. The survey points to the fact that many investors are still hesitant to get invested in cryptocurrencies. Gallup Survey Result The recent…

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Even though bitcoin is going through a bear phase along with the rest of the cryptocurrency market, their ATMs are increasing in number. According to Statista, the number of bitcoin ATMs has grown from a mere 500 in January 2016 to over 2500 in April 2018. The majority of these ATMs have been set up in places where the average…

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