Bitcoin

As more people invest in cryptocurrency, will they report gains or losses to the IRS? One tax preparer says only a fraction of tax filers have reported cryptocurrency investments so far. How much money could the IRS be missing out on? And what should cryptocurrency traders be aware of when it comes to possible tax […]

There’s been a little dip in the bitcoin market this week. The cryptocurrency has dropped about 10 percent against the dollar. Of course, that’s in the face of a 1,700 percent rise in the past year, so those tulip bulb analogies still apply. Speculators, however, (investors, if you prefer) are just one side of the […]

Bitcoin’s wild ride is getting even wilder. Yesterday saw the launch of bitcoin futures, trading on the Chicago Board Options Exchange. Interest was so high it nearly crashed the CBOE website and the exchange briefly halted trading a couple of times after the price jumped erratically. So, we’ve all heard bitcoin is volatile, risky, maybe […]

Bitcoin. The cryptocurrency is on a wild and volatile ride. The price of a coin has grown ten-fold in the past year, hitting a high of more than $11,000 for one bitcoin yesterday, before tumbling some 20 percent this morning. Everybody, it seems, wants in on the action. But a growing number of economists and […]