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U.S. IRS Releases Guidance on Crypto Airdrops and Hard Forks

The United States' federal tax service has issued guidelines for tax reporting regarding cryptocurrency airdrops and hard forks.In an announcement on Oct. 9, the U.S. Internal Revenue Service (IRS) announced the issuance of Revenue Ruling 2019-24, which addresses common questions of taxpayers and practitioners regarding crypto hard forks and

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Crypto Debit Card Firm Cryptopay Launches UK Bank Transfers With British Pound

Crypto wallet and debit card service company Cryptopay now offers transfers with the British Pound (GBP) through the Faster Payments Scheme.Cryptopay revealed the development in a press release with CryptoX on Oct. 9, specifying that its United Kingdom-based users can now fund their accounts and make withdrawals with GBP,

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OpenLibra Plans to Launch Permissionless Fork of Facebook’s Stablecoin

Lucas Geiger, co-founder of blockchain infrastructure startup Wireline, has announced OpenLibra — a permissionless fork of Facebook’s planned stablecoin.Ethereum developer Lane Rettig tweeted on Oct. 8 that OpenLibra was announced by Geiger at the Ethereum developer conference Devcon 5, adding:“Seeing #openlibra publicly announced for the first time is sending

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Libra Association’s Head of Product Spent Just Five Months in the Role

Simon Morris, the head of product at the Libra Association, has left the project within five months of joining, according to his LinkedIn profile accessed on Oct. 9.The Switzerland-registered Libra Association is a not-for-profit membership organization established to govern the network for Facebook’s planned stablecoin Libra.A BitTorrent veteran and

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Billionaire Icon Mark Cuban Against Bitcoin? “I’d Rather Have Bananas”

In a recent Q&A YouTube Session with Wired magazine, the billionaire investor Mark Cuban expressed his opinion on Bitcoin(BTC)trade, digital currency and blockchain technology. He unstintingly went on the offensive against Bitcoin and cryptocurrency by comparing the most popular digital currency to baseball cards and bananas.In the interview, Cuban was

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Poloniex Delists Clams, Pascal, Steem, Navcoin, GameCredits and LBRY

Crypto exchange Poloniex has announced that it is delisting six digital currencies: Clams (CLAM), Pascal (PASC), Steem (STEEM), Navcoin (NAV), GameCredits (GAME) and LBRY Credits (LBC).According to a Reddit post published in the CLAMClient subreddit on Oct. 9, Poloniex announced the upcoming delisting in an email sent to users

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