Bitcoin

Stablecoins are stable-value coins, cryptocurrencies designed to minimize price volatility by pinning value to currencies like the U.S. dollar or to exchange-traded commodities like gold.

The AICPA is also urging the IRS to expand and clarify its cryptocurrency guidance.

Blockchain became a buzzword and may have seemed overhyped, but now, the promises are becoming a reality.

The Internal Revenue Service could be doing more to help taxpayers who own Bitcoin and other forms of cryptocurrency to comply with their tax obligations, according to a new report.

The company has also partnered with Verady, a crypto-focused accounting firm, to acquire reliable data on the volatile virtual currency markets.

Accounting firms are beginning to wade into the use of blockchain technology for audits, but with caution as the technology spreads beyond the cryptocurrency space where it’s been used for digital assets like Bitcoin.

For the first time in more than five years, the IRS released further cryptocurrency tax guidance.

Lukka, which makes blockchain products for the cryptocurrency ecosystem, has debuted a do-it-yourself tax preparation product for taxpayers reporting cryptocurrency assets on IRS Forms 1040 and 8949.

The Internal Revenue Service is seeking information from more taxpayers who hold virtual currency like Bitcoin, but in a ruling last week, a judge ordered the IRS to limit its summons for information from one cryptocurrency exchange, Bitstamp

Tax attorneys, accountants and cryptocurrency investors have been asking for this guidance for years.