Trading generates gains or losses every time you buy, sell, or even exchange virtual currencies because the IRS treats crypto as property.
More and more Israeli teenagers have gotten involved in the field of cryptocurrency trading, a virtual currency that is secured by cryptography.
A new report suggests digital currencies are growing as a funding method for volunteer groups backing Ukraine's government as fears of an attack by Russian troops grow.
This financing round makes Fireblocks one of Israel's most valuable privately held startup tech companies.
Back when digital tokens fetched a pittance, this could be dismissed as a silly sideshow. Now, cryptocurrencies are worth real money
For the uninitiated, Mercury represents bitcoin's price data and Saturn is a restricting indicator.
The Israeli start-up develops and provides solutions for making cryptocurrencies accessible.
The IRS considers cryptocurrencies such as bitcoin as property for federal tax purposes, meaning any profits or losses from the sale or exchange of the virtual coins should be reported.
The shift in sentiment towards ICOs could incentivize more Israeli start-ups to enter the ICO market.
There have been public complaints that Israeli banks were making it difficult for some customers to transfer money from their accounts to buy bitcoin.