Archives for: May 21st, 2021

The IRS wants to know about all cryptocurrency transactions worth more than $10,000

Written by: ( May 21, 2021 )

It has long been said that, at some point, cryptocurrency would need to be overseen by regulators for it to be accepted as a true form of currency. New regulations are constantly being introduced as governments finally begin to understand the value of digital currency and the anonymity some crypto enthusiasts thought was intrinsic to […]

Strong revenue gives Coinbase confidence to expand its financial services

Written by: ( May 14, 2021 )

The first quarter of the year was positive for the cryptocurrency platform Coinbase. The company reported revenue of $1.08 billion, more than three times its revenue from the previous quarter and just over six times what it reported a year ago. Much of this came from crypto-asset trading fees, according to the company’s filing with […]