Only an Idiot Would Use Facebook’s Shady Cryptocurrency

Only an Idiot Would Use Facebook’s Shady Cryptocurrency

TweetShareBy CCN.com: In its neverending conquest to take over the world, Facebook is building a network of online merchants and financial institutions to support its secretive new cryptocurrency. The Wall Street Journal reports that Mark Zuckerberg’s war machine is looking for $1 billion to fund the secretive stablecoin project, Project Libra, and is talking with…

Facebook’s Cryptocurrency Won’t Let You Buy Your Privacy Back

Facebook’s Cryptocurrency Won’t Let You Buy Your Privacy Back

TweetShareFacebook is moving into cryptocurrency, aiming to create some type of stablecoin that will make it possible for users within its gargantuan network to transfer value to each other. Why Facebook doesn’t simply use an existing cryptocurrency is, of course, a mystery.Facebook’s Not Going Full CryptoFacebook should have just added general support for cryptocurrency rather…

QuadrigaCX Scandal Jolts Canada to Regulate Cryptocurrency Exchanges

QuadrigaCX Scandal Jolts Canada to Regulate Cryptocurrency Exchanges

TweetShareThe infamous QuadrigaCX scandal has culminated in the losses of $150 million in user’s cryptocurrency funds. Now, Canada has called for “input” on tailoring new regulation to cryptocurrency exchanges operating within its borders.Canada’s Securities Regulator and Investment Body Issue a Consultation Paper to Increase Investor ProtectionCanada has held back on detailed cryptocurrency regulation. It currently…

5 Essential Tips for Preparing Your Cryptocurrency Taxes

5 Essential Tips for Preparing Your Cryptocurrency Taxes

TweetSharePaying taxes on Bitcoin and other cryptocurrencies is becoming a priority for individuals in the US after the IRS announced on July 2nd, 2018 that one of their core campaigns and focuses for the year is the taxation of virtual currencies.Because cryptocurrencies are treated as property in the eyes of the law, they are subject…