Liquid Launches Support for Tether

The cryptocurrency industry’s predominant stablecoin, tether, now has a new home on Blockstream’s Liquid sidechain. As of today, July 29, 2019, the Bitcoin secondary network now supports USDT as one of its Liquid assets. These assets, the tokens that power the Liquid network, hold a one-to-one parity with on-chain assets like BTC. Liquid USDT will…

Venezuela Uses Bitcoin to Circumvent U.S. Sanctions

In a bid to circumvent U.S. sanctions, the government of Venezuela has begun its first experiments with a program to convert tax revenue into bitcoin and trade it for fiat currency at foreign exchanges. The details of this plan were revealed in a report from the Spanish-language ABC International, which claimed that the Venezuelan government…

The IRS Is Sending Bitcoin Investors Reminders to Pay Crypto Tax

The U.S. Internal Revenue Service (IRS) is sending taxpayers who have conducted cryptocurrency transactions friendly reminders to pay their cryptocurrency taxes. These so-called “soft notices,” according to tax information website IRSMind, have been circulating since June 2019 to individuals who may have neglected to report (or underreported) their cryptocurrency gains on their recent taxes. The…