Finds

One in five Americans has dabbled in cryptocurrency, poll finds

One in five Americans has dabbled in cryptocurrency, poll finds

advertisement Cryptocurrency has been used, invested in, or traded by one in five Americans, according to a recent poll by NBC News. The poll was conducted between March 18 and 22 and involved 1,000 Americans. Among the key findings: 21% of participants have already gotten involved with crypto in some capacity.  Men aged 18 to …

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Whale Alert finds that scammers have siphoned $24 million in bitcoin from victims in 2020

Whale Alert finds that scammers have siphoned $24 million in bitcoin from victims in 2020

Recently a victim of a crypto scam? You’re not alone. Scammers made $24 million in bitcoin in the first half of 2020 — and they’re not slowing down anytime soon, according to a new report by crypto watchdog Whale Alert.  Whale Alert, best known for monitoring and tweeting about particularly large crypto transactions, collected and analyzed …

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BitMEX Is Making Bitcoin Network More Expensive for Everyone, Researcher Finds

BitMEX Is Making Bitcoin Network More Expensive for Everyone, Researcher Finds

Every day, around mid-morning New York time, the average fee bitcoin users worldwide pay to send the cryptocurrency spikes for up to an hour, then returns to normal. A respected researcher thinks he’s found the reason: BitMEX. If the crypto derivatives exchange used more efficient technologies when broadcasting transactions, users could save as much as …

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Crypto Holders Still Face Issues Reporting Tax Liabilities, Survey of CPAs Finds

Crypto Holders Still Face Issues Reporting Tax Liabilities, Survey of CPAs Finds

Crypto-literate public accountants are concerned their clients might face Internal Revenue Service (IRS) audits and penalties for underpaying taxes on their crypto holdings, a new survey finds. Cryptocurrency accounting service provider Blox and tax software developer Sovos conducted a survey of roughly 45 Certified Public Accountants (CPAs) familiar with crypto, finding that the majority believe …

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