Bitcoin breaks records, what happens next, Coinbase IPO: Hodler’s Digest, Dec...

The Purpose Bitcoin ETF, the first approved BTC ETF in North America, has broken investment records in its first few days on the market. The post First-Ever North American Bitcoin ETF Breaks Records In Opening Week appeared first on Bitcoin Magazine.

Coinbase, which faces an IRS subpoena to disclose records on all of its U.S. customers, wants customers to know that while the company has chosen to fight the IRS on releasing customer information, it remains committed to complying with tax reporting requirements. Brian Armstrong, Coinbase CEO and co-founder, clarified the company’s position in a recent Medium post in which he appealed to the IRS to work with Coinbase and suggested a tax reporting form that Charles Schwab and Fidelity use might be a solution. On December 1, a federal judge approved an IRS summons and demanded Coinbase....

In an expected development, bitcoin exchange Coinbase has filed a motion [PDF] in a San Francisco federal court to block the Internal Revenue Service from accessing transaction records of bitcoin users. The IRS filed a civil petition on November 17, targeting transaction records of bitcoiners registered with the exchange between January 2013 and December 2015. On December 1, a federal judge approved the IRS summons demanding Coinbase to reveal the transaction records. An excerpt from the introduction of the motion filed by Coinbase in response to the IRS request reads: [B]ased on three....

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekETH breaks record all-time high amid fresh price surgeEther? Record high! Binance Coin? Record high! Polkadot? Record high! Bitcoin? Flat as a pancake!Altcoins have been in the drivers seat this week, with Ether breaking $2,100 for the very first time besting the ATH of $2,036 that was set on Feb. 20. Curiously,....

On November 17, the IRS filled a “John Doe” summons targeting transaction records of prominent bitcoin company Coinbase’s bitcoiners registered between January 2013 and December 2015. At the time, the exchange argued it takes user privacy very seriously, and as such it would work towards protecting it. On December 1, a federal judge approved the IRS summons, and demanded Coinbase to reveal user transaction records. Soon, a Coinbase customer named Jeffrey K. Berns, who is also a lawyer, filed a motion to block the IRS’ efforts to access Coinbase users’ records. Since the IRS filed a John....