Taxation of bitcoin and other cryptocurrencies in the UK

The Bitcoin bubble may have burst temporarily, but the sharp rise of its value in 2017, and the dramatic decline of 2018 brought it to the public’s attention with many people with little investment knowledge putting their savings into the cryptocurrency. However, when it comes to investing you should always be aware of your tax … Read more

$530 million stolen in from Coincheck another Bitcoin / Cryptocurrency blow

A Japanese exchange has lost 58 billion yen ($530 million) in cryptocurrency because of hacking, according to Japanese media reports. The Coincheck exchange said on its website Friday that it had halted sales and withdrawals of the currency, which is called NEM. It later added that it had restricted dealings in most other cryptocurrencies too. … Read more

Bitcoin drops below $12k as cryptocurrencies suffer from a South Korean ban.

Bitcoin and other cryptocurrencies have been facing some problematic weeks recently. In particular, South Korea’s Justice Minister revealed that the country is preparing a ban on cryptocurrencies amid fears that they are used to avoid taxes and for illegal activities. Though these plans have not been finalised the announcement has caused a massive ripple in … Read more